That's why I don't like hanging about. Happy taking many small nibbles over waiting for bigger moves. I do a bit of swing trading amongst the short term trades but there are too many factors with cad to play ball with that nicely
{quote} Yeah, me too. I remember u closed your position at this zone on Friday meanwhile I left mine open only for it to bounce. That wasn’t a nice feeling. So im waiting to enter short should it bounce again, seems the support here is still holding. Oil seems to have stabilized.
Ignored
I think EcoTrader did, I had my positions open over the weekend ... I will sell it later if I will have the chance but I am more inclined to see it falling. Anyway, I am good to be out.
{quote} I think EcoTrader did, I had my positions open over the weekend ... I will sell it later if I will have the chance but I am more inclined to see it falling. Anyway, I am good to be out.
Ignored
Yeah true that, Twas ecotrader, my bad. I’m also short biased.
This week is a US dominated calendar. Everyone is watching the price of oil. Friday has the potential to be a big move day for the loonie if oil rises by 5 % throughout the week coupled with positive Canadian GDP numbers on Friday.
This mornings jump in crude is enough to halt the decline in WTI. Thus , the sentiment is currently changing. Short at 1.3210
Warmest regards ,
GreenEarth
I think I would have sold the 1.322x if I would have been around, ... currently I have a pending sell in place for 1.3275 and if I will see a number above 3240 I will probably sell it.
~ 1.3317 is still a place where it might go if no current downside.
I think I would have sold the 1.322x if I would have been around, ... currently I have a pending sell in place for 1.3275 and if I will see a number above 3240 I will probably sell it. ~ 1.3317 is still a place where it might go if no current downside.
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aa4fx , hindsight doesn't apply to forex as you know. Winter is here. Lots of room for oil speculators to take the price of oil to $60/barrel this week , no problem. I"M NOT SAYING THEY WILL , but , the opportunity is NOW HERE. I see USD/CAD at 1.3120 by weeks end. MAY break 1.31 if data on Friday is better than expected for Canadian CPI.
Green Pips,
GE
I think I would have sold the 1.322x if I would have been around, ... currently I have a pending sell in place for 1.3275 and if I will see a number above 3240 I will probably sell it. ~ 1.3317 is still a place where it might go if no current downside.
aa4fx , I have been building short positions from 1.3210 thru 1.3250 , in small positions , oil is the catalyst , in my opinion.
USD/CAD overbought on 4 hr chart , oil is oversold with divergence on daily charts.
GE
The USDCAD keeps a slight bullish trend, but it has not been able to register another higher high, above the 1.3289 level. For now the pair may stay consolidated between the 1.3200 level and the 1.3289 level, around the 1.3250 zone.
aa4fx , I have been building short positions from 1.3210 thru 1.3250 , in small positions , oil is the catalyst , in my opinion. USD/CAD overbought on 4 hr chart , oil is oversold with divergence on daily charts. GE
Ignored
I currently have 2 positions open, 1.3238 and 1.3247 ... I had a 3260 but is closed.
Even if it has good advantages, I don't really like splitting the position size and scale the entry.
I had a 3260 but is already closed ... I took now 3255 but not so enthusiastic about it.
I hope that this pair is not that crazy to make a support now 1.3257 and move up to 1.3277 and then down ... bla bla bla, especially now when I am thinking to switch from scalping to longer trades.
