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USD/CAD

  • #14,081
  • Dec 5, 2018 9:14am Dec 5, 2018 9:14am
hahaha there is more better place to short 1.34
  • #14,082
  • Dec 5, 2018 9:15am Dec 5, 2018 9:15am
1.34 next?. insane stuff
  • #14,083
  • Dec 5, 2018 9:21am Dec 5, 2018 9:21am
Quoting GreenEarth
{quote} Warrensapp , bear in mind that you are trading a VERY SHORT TIME FRAME. The odds are severely stacked against you to get whipsawed out of the market. I have some sage advice for you that was passed along to me by traders who are FAR MORE EXPERIENCED THAN ME. Look at the weekly charts first , then the daily charts , then the 12 hour charts , then the 4 hour charts , THEN and ONLY THEN , AFTER LOOKING AT 1000'S OF CHARTS POSTED BY OTHERS , PRICE ACTION will stick out like a sore thumb to you. Today will be a KEY DAY FOR THE LOONIE. CHECK THE...
Whipsawed - that's what they call it huh?
Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 169 KB
If you're gonna be a bear, be a grizzly
  • #14,084
  • Dec 5, 2018 9:29am Dec 5, 2018 9:29am
Full position waits @ 1.354 but let's not going there and make this 1.3378 the top ...
1.3346 was the extra
1.3369/75/91 smaller than extra
  • #14,085
  • Dec 5, 2018 9:36am Dec 5, 2018 9:36am
1.34xx to 1.3500 will provide amazing sell area and big drop ahead next week
Attached Image (click to enlarge)
Click to Enlarge Name: cad sell.jpg Size: 242 KB
  • #14,086
  • Dec 5, 2018 9:37am Dec 5, 2018 9:37am
Quoting aa4fx
Full position waits @ 1.354 but let's not going there and make this 1.3378 the top ... 1.3346 was the extra 1.3369/75/91 smaller than extra
I'll stop acting like a 'rich spoiled child' selling all the higher numbers that are available ... pending sell for 1.3441.
In fact this is the main reason why I don't like scaling the trades.
  • #14,087
  • Dec 5, 2018 9:43am Dec 5, 2018 9:43am
Quoting cabbiefx
This extremely short bear sentiment here on FF. I couldn't help but short full margin at 3282 tp 3190. Supported by that it's time for retrace of the move up and the time of day. What bothers me is red cad news here in a few minutes. Anyway, excited to see what happens. {image}
Wiped account. I almost think of simply trading counter sentiment from now on. Fml. Good thing it was a gamble account of just a few hundies with oanda. But notice for self for future: retail sentiment is countrarian indicator.
Qqq Return Today: 0.7%
  • #14,088
  • Dec 5, 2018 9:49am Dec 5, 2018 9:49am
SIGNAL (2018/12/05)
USDCAD SELL ATT:1.3390/1.3400/13410/1.3420
TP 1 : 1.3325 TP 2 :1.3285
️SL: 1.3450
Attached Image (click to enlarge)
Click to Enlarge Name: photo_Û²Û°Û±Û¸-Û±Û²-Û°Ûµ_Û±Û¸-ÛµÛ¶-Û´Û¶.jpg Size: 84 KB
  • #14,089
  • Dec 5, 2018 10:47am Dec 5, 2018 10:47am
Quoting alirelax
SIGNAL (2018/12/05) USDCAD SELL ATT:1.3390/1.3400/13410/1.3420 TP 1 : 1.3325 TP 2 :1.3285 ️SL: 1.3450 {image}
I would be careful with that sl and if it will be reached, the tp might be too close.
  • #14,090
  • Dec 5, 2018 10:49am Dec 5, 2018 10:49am
Quoting msniper
1.34xx to 1.3500 will provide amazing sell area and big drop ahead next week {image}
No rate hike on CAD - value of USD went up.

We could see a fall once the market has adjusted to the dollar values AND oil begins to rise. I will be keeping a close eye on OPEC next week. The recent rise in WTI price may have been a farce after the G20 summit.
Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 150 KB
If you're gonna be a bear, be a grizzly
  • #14,091
  • Dec 5, 2018 10:56am Dec 5, 2018 10:56am
usdcad (a daily closed below 1.33861 would be a nice short to yield 1.32349)
void if closed above.
Self discipline It is a practice
  • #14,092
  • Dec 5, 2018 11:00am Dec 5, 2018 11:00am
15 minutes chart showing we bullish
  • #14,093
  • Dec 5, 2018 11:04am Dec 5, 2018 11:04am
Quoting okshop
usdcad (a daily closed below 1.33861 would be a nice short to yield 1.32349) void if closed above.
UC
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 36 KB
Self discipline It is a practice
  • #14,094
  • Dec 5, 2018 11:05am Dec 5, 2018 11:05am
Do we know when OPEC is announcing the possibility of cutting output back to 2016 levels?
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #14,095
  • Dec 5, 2018 11:18am Dec 5, 2018 11:18am
Quoting OhComeOn
Do we know when OPEC is announcing the possibility of cutting output back to 2016 levels?
Soon
If you're gonna be a bear, be a grizzly
  • #14,096
  • Dec 5, 2018 12:53pm Dec 5, 2018 12:53pm
The explosive spike in the USD/CAD this morning is exactly why I trade in very small lots and scale in. I certainly did not expect a spike to this degree , but this is Forex. For those of you who trade more than 1% of your account at any one time , you are heading for disaster. A proven fact. Also , if you post your stop loss points on whatever trading platform you are using , it's almost a certainty for them to be triggered. All platforms have "stop loss hunting software". This is why you MUST be self disciplined to use MENTAL STOP LOSSES. Whipsawed , yes , whipsawed. WTI is holding. This is exactly what LARGE SPECULATORS DO in Forex , BOC was seen as dovish.
Any cuts by OPEC will give the market a 100% retracement of today's move by weeks end. The fundamentals of the US economy do not support this sudden spike.
"Define the risk OUT of your trade"--Mark Douglas
  • #14,097
  • Dec 5, 2018 1:15pm Dec 5, 2018 1:15pm
Quoting aa4fx
Full position waits @ 1.354 but let's not going there and make this 1.3378 the top ... 1.3346 was the extra 1.3369/75/91 smaller than extra
Took out the tiny trades as were in profit, scalped a little bit this area, now I am in with something in this 1.3368/76 area, bigger size ... I usually trade in several accounts, not all the trades being taken in the same time / same place, but a big majority of time each trade is treated individually.
  • #14,098
  • Dec 5, 2018 1:40pm Dec 5, 2018 1:40pm
Quoting GreenEarth
MENTAL STOP LOSSES.
Basically - exit manually, don't use stop losses?
If you're gonna be a bear, be a grizzly
  • #14,099
  • Dec 5, 2018 2:14pm Dec 5, 2018 2:14pm
The vast majority of traders are selling this pair including me, i dont think that will help us, it is nice for market movers to take this pair even higher.
  • #14,100
  • Dec 5, 2018 2:34pm Dec 5, 2018 2:34pm
Quoting Ysfbeck
The vast majority of traders are selling this pair including me, i dont think that will help us, it is nice for market movers to take this pair even higher.
Crazily atractive some down numbers, I will not mention some, a sudden drop will indicate a big swing down.
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