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USD/CAD

  • #12,981
  • Apr 20, 2018 12:37am Apr 20, 2018 12:37am
Attached Image (click to enlarge)
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  • #12,982
  • Apr 20, 2018 7:31am Apr 20, 2018 7:31am
Quoting Expo33
{quote} My trade is still valid and alive per my rules. Shorts filled from 126 - 126.50 SL @126.95 Making the trade is simple. It's like starting the engine to my car. Risk management is also simple. It's making sure I don't drive off a cliff. At 1% per trade, there is no fear, it's just another trade.
CPI epic fail, abandoning shorts and now a quick scalp long and then scalp the re trace short, then stay long til 1.2740
Pride always comes before destruction.... -Proverbs 16:18
  • #12,983
  • Apr 20, 2018 7:40am Apr 20, 2018 7:40am
Lol

nice USD/CAD move up
Don't Worry Be Happy
  • #12,984
  • Apr 20, 2018 10:42am Apr 20, 2018 10:42am
Quoting Expo33
{quote} CPI epic fail, abandoning shorts and now a quick scalp long and then scalp the re trace short, then stay long til 1.2740
Maybe I will not close a trade so early...
Attached Image (click to enlarge)
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  • #12,985
  • Apr 20, 2018 10:46am Apr 20, 2018 10:46am
Quoting Expo33
{quote} My trade is still valid and alive per my rules. Shorts filled from 126 - 126.50 SL @126.95 Making the trade is simple. It's like starting the engine to my car. Risk management is also simple. It's making sure I don't drive off a cliff. At 1% per trade, there is no fear, it's just another trade.
You are so right on the risk management part. If I could have a talk with my younger trader self, I would definitely tell him to slow down and stick to the 1% risk/trade. But I guess you have to learn the hard way to appreciate the lesson. Doing well now, though!
  • #12,986
  • Apr 20, 2018 12:27pm Apr 20, 2018 12:27pm
Daily MA bounced off 1.254x resistance turned support level from back in 10/11 January

4H looks quite overbought but daily looks geared to continue pushing up

1.28 looks like a previous support turn resistance, interesting level to look at unless it breaks lower from here as it is also battling resistance from previous support level from 6 April
A 1 pip gain is better than a 1 pip loss.
  • #12,987
  • Apr 20, 2018 3:08pm Apr 20, 2018 3:08pm
Quoting madhatter252
{quote} You are so right on the risk management part. If I could have a talk with my younger trader self, I would definitely tell him to slow down and stick to the 1% risk/trade. But I guess you have to learn the hard way to appreciate the lesson. Doing well now, though!
I found in my trading progression the risk management was not only a function of my own greed and lack of discipline but a function of the fact that in the beginning I was under capitalized.

If your pipe dream is to pay the bills by earning 30% a month then you need more capital. That's where I was at when I started. Delusional. But I stayed in my joyless corporate job and saved enough money to have a more realistic chance of trading full time. Now 5-7% a month is more than enough to live comfortably. That makes all the difference in the world. I don't need to find a trade every other minute. Patience, for me anyways, was kind of a function of my bank roll.

Cheers
Pride always comes before destruction.... -Proverbs 16:18
  • #12,988
  • Apr 20, 2018 3:11pm Apr 20, 2018 3:11pm
Quoting Expo33
{quote} CPI epic fail, abandoning shorts and now a quick scalp long and then scalp the re trace short, then stay long til 1.2740
Recovered short losses nicely as price raced up to 1.2740 TP target. Tempted to flip short here at 1.2750 as it looks a bit overcooked but will wait until next week to see what price action looks like.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,989
  • Apr 22, 2018 9:02pm Apr 22, 2018 9:02pm
The pair is consolidating it's gains, bullish trend is not over just yet.
  • #12,990
  • Apr 22, 2018 9:25pm Apr 22, 2018 9:25pm
it seems price is about to move down to around 1.2690/1.270 in hourly to make its correction before resuming its daily bullish
i hope iam right
  • #12,991
  • Apr 22, 2018 11:05pm Apr 22, 2018 11:05pm
Quoting teguh69
it seems price is about to move down to around 1.2690/1.270 in hourly to make its correction before resuming its daily bullish i hope iam right
Bearish momentum has broken, Ill be looking to buy pullbacks around 1.26800 ~ 1.26600...Good Luck with your trading friend
Price is King
  • #12,992
  • Apr 23, 2018 3:39am Apr 23, 2018 3:39am
The pair is now at the 50SMA, strong support is seen at 1.31.
  • #12,993
  • Apr 23, 2018 10:53am Apr 23, 2018 10:53am
Quoting aeternum
Daily MA bounced off 1.254x resistance turned support level from back in 10/11 January 4H looks quite overbought but daily looks geared to continue pushing up 1.28 looks like a previous support turn resistance, interesting level to look at unless it breaks lower from here as it is also battling resistance from previous support level from 6 April
We have bounced way higher and are currently at 1.28 levels.

Indies look overbought, likely retracement to come, will look for some signs of bearishness here
A 1 pip gain is better than a 1 pip loss.
  • #12,994
  • Apr 24, 2018 12:09pm Apr 24, 2018 12:09pm
Quoting aeternum
{quote} We have bounced way higher and are currently at 1.28 levels. Indies look overbought, likely retracement to come, will look for some signs of bearishness here
Opened a sell position here, but it still looks like it wants to range, will have a small TP and look for it to test the 4H MA
A 1 pip gain is better than a 1 pip loss.
  • #12,995
  • Apr 24, 2018 6:38pm Apr 24, 2018 6:38pm
We have crude oil inventories tomorrow morning, 10yr bond yields are very bullish we might have a pullback before we rally again.
Price is King
  • #12,996
  • Apr 25, 2018 2:07pm Apr 25, 2018 2:07pm
Idea for U/C
Attached Image (click to enlarge)
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  • #12,997
  • Apr 25, 2018 2:25pm Apr 25, 2018 2:25pm
Four straight bullish candles. Bulls are still in charge
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.2%
  • #12,998
  • Apr 25, 2018 2:34pm Apr 25, 2018 2:34pm
Strong bullish setup formed long ago on the monthly, Pin Bar, is yet complete its job
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.png Size: 37 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.2%
  • #12,999
  • Apr 26, 2018 2:42am Apr 26, 2018 2:42am
Quoting 9jatrader
Four straight bullish candles. Bulls are still in charge
Bulls in charge ATM? I find that very hard to believe bro... DAILY and WEEKLY on a SELL mode (Main reason for this trade)
Anyway, both of us can't be wrong at the same time so let's see how it pans out

Will stop selling at my last pending
Good luck to us..
  • #13,000
  • Apr 26, 2018 6:44am Apr 26, 2018 6:44am
Quoting jusstin911
{quote} Bulls in charge ATM? I find that very hard to believe bro... DAILY and WEEKLY on a SELL mode (Main reason for this trade) Anyway, both of us can't be wrong at the same time so let's see how it pans out Will stop selling at my last pending Good luck to us..
I sell too, but I want a little more.
So I think that 9jatrader indicates the pin-bar of the month a few days before the closing that could change if the bears a little work.
Attached Image (click to enlarge)
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