Attachments: USD/CAD

USD/CAD

#13,641
Sep 26, 2018 8:25am Sep 26, 2018 8:25am

J Mark
| Joined Feb 2012 | Status: Trader | 67 Posts

Quoting Mr.Rich

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any body in?

Ignored

Yep.

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#13,642
Sep 26, 2018 10:21am Sep 26, 2018 10:21am

WillemFF
| Joined Apr 2014 | Status: Trader | 42 Posts

Quoting J Mark

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{quote} Yep. {image}

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If you look on H4 its still in a down trend. The trend line were draw on 12/13 september. Lets see if it was a good call

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#13,643
Sep 26, 2018 10:26am Sep 26, 2018 10:26am

J Mark
| Joined Feb 2012 | Status: Trader | 67 Posts

Quoting WillemFF

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{quote} If you look on H4 its still in a down trend. The trend line were draw on 12/13 september. Lets see if it was a good call {image}

Ignored

I agree it's in a long term downtrend, I would not enter long here, but I am already long from 9-20 so I'll hold with fingers crossed and proper risk management.

#13,644
Sep 26, 2018 10:32am Sep 26, 2018 10:32am

WillemFF
| Joined Apr 2014 | Status: Trader | 42 Posts

Quoting J Mark

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{quote} I agree it's in a long term downtrend, I would not enter long here, but I am already long from 9-20 so I'll hold with fingers crossed and proper risk management.

Ignored

Then we got both some room to play hehe. If the FED could give some action up I Will let it get to my SL and see how high it goes. After that im still bullish for the loonie.

#13,645
Sep 26, 2018 1:30pm Sep 26, 2018 1:30pm

maflip
Joined Mar 2013 | Status: Trader | 6,512 Posts

All majors seems reversing after USD spiked down. Now going back up. If we close green again on the daily then lucky you. If you are still holding long since 9/20 then hurrah. Might go up some more. Me, I closed out my long yesterday. Hopefully fed does not say something silly or Trump to fk this up.

#13,646
Sep 26, 2018 1:44pm Sep 26, 2018 1:44pm

J Mark
| Joined Feb 2012 | Status: Trader | 67 Posts

Quoting maflip

Disliked

All majors seems reversing after USD spiked down. Now going back up. If we close green again on the daily then lucky you. If you are still holding long since 9/20 then hurrah. Might go up some more. Me, I closed out my long yesterday. Hopefully fed does not say something silly or Trump to fk this up.

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Win some, lose some :-)

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#13,647
Sep 26, 2018 1:58pm Sep 26, 2018 1:58pm

maflip
Joined Mar 2013 | Status: Trader | 6,512 Posts

Quoting J Mark

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{quote} Win some, lose some :-) {image}

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I'm still undecided. Follow through is currently weak. But, I think this is the current possible scenario right now.

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#13,648
Sep 27, 2018 12:00am Sep 27, 2018 12:00am

FX Beginner
| Joined Mar 2008 | Status: Trader | 103 Posts

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#13,649
Sep 27, 2018 12:32am Sep 27, 2018 12:32am

maflip
Joined Mar 2013 | Status: Trader | 6,512 Posts

Quoting maflip

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{quote} I'm still undecided. Follow through is currently weak. But, I think this is the current possible scenario right now. {image}

Ignored

Woke up to see trade is making money just by this simple box after a major news event. Blah blah blah I'm making money at TP2 now hoping for TP3. So simple right not much indicators involved in this trade. Not a home run of 1000 pips lol but it builds up.

At the moment only one major pair held it's ground which is AU. So watch that pair today seems to wanna keep going up. If it can hold yesterdays low then up it can go some more.

But I agree with the dude above. 1.306xx to 1.307xx is the monthly open. Expecting resistance near there. If they can get above that then continuing to October then the trend changed to the upside.

#13,650
Sep 27, 2018 2:37am Sep 27, 2018 2:37am

MrTrendy
| Joined Jun 2009 | Status: Lose your opinion, not your money!! | 853 Posts

Quoting maflip

Disliked

{quote} Woke up to see trade is making money just by this simple box after a major news event. Blah blah blah I'm making money at TP2 now hoping for TP3. So simple right not much indicators involved in this trade. Not a home run of 1000 pips lol but it builds up. At the moment only one major pair held it's ground which is AU. So watch that pair today seems to wanna keep going up. If it can hold yesterdays low then up it can go some more. But I agree with the dude above. 1.306xx to 1.307xx is the monthly open. Expecting resistance...

Ignored

This thing is running lol..... ploughs through the first resistance zone I had in mind with no bearish divergence or nowt.... wouldn’t step in front of this atm.... hold that long for now mate... stay on target stay on target hahaha

#13,651
Edited 2:53am Sep 27, 2018 2:42am | Edited 2:53am

maflip
Joined Mar 2013 | Status: Trader | 6,512 Posts

Quoting MrTrendy

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{quote} This thing is running lol..... ploughs through the first resistance zone I had in mind with no bearish divergence or nowt.... wouldn’t step in front of this atm.... hold that long for now mate... stay on target stay on target hahaha

Ignored

See bro. This is why I waited for the FOMC :-) Now do the same for CPI, NFP, and GDP. See if there is a big spike. Wait and then later they will show you the direction hah hah. But yeah, we are approaching the monthly open. Looks like it might form a monthly doji candle stick. Gonna be a juicy one if they reversed it to the upside.

Edit: if monthly can close above 1.307xx. It's a good sign for the long. Otherwise we can still fall hard if they can't get above that.

#13,652
Sep 27, 2018 3:52am Sep 27, 2018 3:52am

MrTrendy
| Joined Jun 2009 | Status: Lose your opinion, not your money!! | 853 Posts

finally made it to a computer... mt4 on mobile = rubbish

so had another look - price needs to overcome this current zone I think.

Watching still..

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#13,653
Sep 27, 2018 3:57am Sep 27, 2018 3:57am

10cents
| Joined Mar 2015 | Status: Trader | 808 Posts

Previous down move missed some numbers around 1.29. Possible we will see another probe of the level before run to test June's high.

#13,654
Sep 27, 2018 5:20am Sep 27, 2018 5:20am

MrTrendy
| Joined Jun 2009 | Status: Lose your opinion, not your money!! | 853 Posts

chewing through the offers atm.... continuation to next zone looking likely...

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#13,655
Sep 27, 2018 5:59am Sep 27, 2018 5:59am

WillemFF
| Joined Apr 2014 | Status: Trader | 42 Posts

Hi traders,

I noticed that my positions have stopped out by SL.
Now opened a small long position on the NZD/CAD. After all the NAFTA talks dont show any progress and the RBNZ is steady that should create some confidence for this pair to go up.
Im sideline for now with USD/CAD it could go any direction and it will not suprise me that Trump will complain about high oil prices again.

#13,656
Sep 27, 2018 6:02am Sep 27, 2018 6:02am

MrTrendy
| Joined Jun 2009 | Status: Lose your opinion, not your money!! | 853 Posts

rally base rally in the zone... lovely stuff... getting tighter....

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#13,657
Sep 27, 2018 6:06am Sep 27, 2018 6:06am

MrTrendy
| Joined Jun 2009 | Status: Lose your opinion, not your money!! | 853 Posts

Quoting WillemFF

Disliked

Hi traders, I noticed that my positions have stopped out by SL. Now opened a small long position on the NZD/CAD. After all the NAFTA talks dont show any progress and the RBNZ is steady that should create some confidence for this pair to go up. Im sideline for now with USD/CAD it could go any direction and it will not suprise me that Trump will complain about high oil prices again.

Ignored

hi mate, that's a shame about the SL.... cost of doing business ;-) don't worry about it.. good luck with the NZD position, hope it works out for you.

on USDCAD whilst more upside likely i'll still be looking for shorts further up in next zone on back of my daily trend analysis... long looks the play still for now... (not for me tho as I don't take counter trend trades - which is reason why im monitoring zones for signs of reversal in line with my down trend outlook)...

#13,658
Sep 27, 2018 6:31am Sep 27, 2018 6:31am

WillemFF
| Joined Apr 2014 | Status: Trader | 42 Posts

Thanks! I’m always protecting my profit with a SL of 1,5% so it has enough pips to play and letting the profit run.
Maybe next week we could set up shorts again.
for now gl!

Quoting MrTrendy

Disliked

{quote} hi mate, that's a shame about the SL.... cost of doing business ;-) don't worry about it.. good luck with the NZD position, hope it works out for you. on USDCAD whilst more upside likely i'll still be looking for shorts further up in next zone on back of my daily trend analysis... long looks the play still for now... (not for me tho as I don't take counter trend trades - which is reason why im monitoring zones for signs of reversal in line with my down trend outlook)...

Ignored

#13,659
Sep 27, 2018 7:03am Sep 27, 2018 7:03am