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USD/CAD

  • #13,021
  • May 6, 2018 5:50pm May 6, 2018 5:50pm
could be the most stupid call of my life, but i went long @todays open. Targeting 1.3040, stop 1.2820
MarginTrader All Time Return: na
  • #13,022
  • Edited 7:54pm May 6, 2018 7:41pm | Edited 7:54pm
I wouldn't place a trade till we have clear direction.
When it does move with intend, there will be easy pips.
It is stuck in a Consolidation gathering energy for a big move soon.

Watch London open 1 hour in to get a sense of direction. Then wait to see if New York agrees.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #13,023
  • May 6, 2018 11:11pm May 6, 2018 11:11pm
The pair is still trading sideways, continue showing no clear directional strength.
  • #13,024
  • May 7, 2018 12:08am May 7, 2018 12:08am
Quoting MaryJane
could be the most stupid call of my life, but i went long @todays open. Targeting 1.3040, stop 1.2820
Considering how bullish the dollar is its not such a bad trade with little risk if your stop is at 1.2790
  • #13,025
  • May 7, 2018 1:49am May 7, 2018 1:49am
i see a 123 pattern building up for sell.
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i have tried to start trades with a trend, now i prefer to follow the trend
  • #13,026
  • May 9, 2018 7:39am May 9, 2018 7:39am
Riding this now.

This move is likely to be huge.
'For the market to work, it needs people who think that they can beat it.'
  • #13,027
  • May 9, 2018 10:54am May 9, 2018 10:54am
hammering usd/cad
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  • #13,028
  • May 9, 2018 11:27am May 9, 2018 11:27am
Good Job guys, I wasnt awake to ctach the move, glad you made some pips
Price is King
  • #13,029
  • Edited 1:23am May 10, 2018 12:42am | Edited 1:23am
Liquidated most of my short positions between 1.2780s - 1.2810s.

Leaving a small position to run.

Will re-enter a few small short positions at 1.2800s area, if price get back to that area.

Still very bearish on USD/CAD.
'For the market to work, it needs people who think that they can beat it.'
  • #13,030
  • May 10, 2018 1:23am May 10, 2018 1:23am
Changed to short at 1.2795.
'For the market to work, it needs people who think that they can beat it.'
  • #13,031
  • Edited 4:25am May 10, 2018 3:58am | Edited 4:25am
Short positions activated at 1.2795.

Profit target 1: 1.2740s - 1.2750 -> I expect a small pullback to the top side from this level

Profit target 2: 1.2716 - 1.2725 -> Very strong, short term support level here. Liquidate most of the short positions here. I anticipate a fairly big pullback here, maybe 30 to 40 pips retracement to the top side. (edited 1.2715 to 1.2725)

Profit Target 3: 1.2705 - 1.2715

And leave a small position to run, as the overall bearish run has not ended yet.
'For the market to work, it needs people who think that they can beat it.'
  • #13,032
  • May 10, 2018 6:40pm May 10, 2018 6:40pm
Market kinda slow now.

Looks like it will get back to retest the 1.2790s - 1.2800 level again.

Took 30+ pips safe profit at 1.2760 level for most of my positions.

Short entry limit at 1.2790s
'For the market to work, it needs people who think that they can beat it.'
  • #13,033
  • May 11, 2018 7:14am May 11, 2018 7:14am
Caution with shorts.

Uptrend might already be in place.
'For the market to work, it needs people who think that they can beat it.'
  • #13,034
  • May 11, 2018 10:51am May 11, 2018 10:51am
This pair has been boring lately. I expect some minor downturn.
  • #13,035
  • May 13, 2018 10:43pm May 13, 2018 10:43pm
Quoting arigoldman
This pair has been boring lately. I expect some minor downturn.
True, at moment the pair is still consolidating, only break above the resistance level around 1.2850/60 zone, it might regain some upside momentum.
  • #13,036
  • Edited 5:51am May 15, 2018 5:23am | Edited 5:51am
I am sticking with long until 1.2870s-1.2880s

Market volatile now, but bias still stand.
'For the market to work, it needs people who think that they can beat it.'
  • #13,037
  • May 15, 2018 5:58am May 15, 2018 5:58am
1.2880s is a very strong level.

Closed out all long positions for profits.

Shorting this now.
'For the market to work, it needs people who think that they can beat it.'
  • #13,038
  • May 15, 2018 6:09am May 15, 2018 6:09am
Entry off by 20 pips, but I should be right on the direction.
'For the market to work, it needs people who think that they can beat it.'
  • #13,039
  • May 16, 2018 6:59am May 16, 2018 6:59am
Shorts working out very well.
'For the market to work, it needs people who think that they can beat it.'
  • #13,040
  • May 16, 2018 7:41am May 16, 2018 7:41am
First profit target at 1.2770-1.2780
'For the market to work, it needs people who think that they can beat it.'
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