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USD/CAD

  • #14,101
  • Dec 5, 2018 2:46pm Dec 5, 2018 2:46pm
Quoting warrensapp
{quote} 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. {image}
Because Canadian economy is in DEEP S..T. I expect USD/CAD at 1.45 and most likely over 1.50 very soon.
Oil won't rise. USA won't let it happen. OIL will go to 35$ for barrel, according to Russian CB's chairman.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #14,102
  • Dec 5, 2018 3:17pm Dec 5, 2018 3:17pm
I think that many were looking for a drop under 1.3160/80, a drop that didn't happen, but then the market made a move up to 1.327/1.33 as a typical preparation for a drop on news (this is an interesting movement because the price is well controlled, psychological movement, sellers have no chance to exit without loss) and now, bang, spike up with almost no retrace ... plenty took the loss, or a good loss due to spike, or a nasty hedge ... I don't think it is going to go more up to please some important remainers, but it will make their life even harder by going down.

Although I started selling 1.3236, it was a small size, ... overall, it looks like I just entered. I am still reticent in adding extras, I think I will hold on the profitable trades for a while, not really interested in what is on the upper side ... a pending sell for >1.35 just in case of a crazy move.
  • #14,103
  • Dec 5, 2018 11:55pm Dec 5, 2018 11:55pm
I am sensing some crazy move with this pair... we could see a huge drop in the economy... could easily break out any moment with big spikes. Would like to have a pending sell at 1.3435/1.3450/1.3470.
Trade what you see, take what the market gives you.
  • #14,104
  • Dec 5, 2018 11:56pm Dec 5, 2018 11:56pm
Poloz speaking later today, don’t see him being hawkish. Let’s see if OPEC can bring this pair down.
  • #14,105
  • Edited 2:54am Dec 6, 2018 2:32am | Edited 2:54am
This crap been climbing for the last 3 days big time, It is about fcukin time for some correction, jeez. But who knows, it could go to 1,350s..
  • #14,106
  • Dec 6, 2018 2:54am Dec 6, 2018 2:54am
Iam also short on this pair from 1.3360 .
Don't know when it will be retraced for me to close this shit.
  • #14,107
  • Dec 6, 2018 3:03am Dec 6, 2018 3:03am
testing shorts 3420 stop 30pips️
just for a cup of coffee...
  • #14,108
  • Dec 6, 2018 3:05am Dec 6, 2018 3:05am
This is exactly why it can go more up, cuz everyone is shot..! I wonder when they gonna start dumping it, maybe 1,350s
  • #14,109
  • Dec 6, 2018 3:12am Dec 6, 2018 3:12am
it will go down when retails traders stop shorting it.
  • #14,110
  • Dec 6, 2018 3:16am Dec 6, 2018 3:16am
Quoting Ysfbeck
it will go down when retails traders stop shorting it.
I just looked into my Crystal Ball and it showed right now !
  • #14,111
  • Dec 6, 2018 3:26am Dec 6, 2018 3:26am
opec meeting can take this pair 100s of pip higher or lower, it is really more gambling than trading, unless you have clues and information about the decisions that will be decided today, very risky trade, i am short from 1.3387, already in DD, major pairs are standing against higher DXY except this miserable pair, EU at 1.13, GU at 1.27.
  • #14,112
  • Dec 6, 2018 3:30am Dec 6, 2018 3:30am
Quoting Ysfbeck
opec meeting can take this pair 100s of pip higher or lower, it is really more gambling than trading, unless you have clues and information about the decisions that will be decided today, very risky trade, i am short from 1.3387, already in DD, major pairs are standing against higher DXY except this miserable pair, EU at 1.13, GU at 1.27.
Yeah and it continues going up.. maybe 1,350s maybe higher, very annoying. I m thinking of dumping this crappy pair, missing other opportunities on the other pairs. Eventually they will dump it but who the fcuk knows when ..?! 2 loosing trades on this crap, third one is not going very well so far, it is still climging. If I get stopped out, fcuk it, switching to others
  • #14,113
  • Dec 6, 2018 3:37am Dec 6, 2018 3:37am
already 20 cs bull.. man so tempting
  • #14,114
  • Dec 6, 2018 4:06am Dec 6, 2018 4:06am
What a nice move up though. Climbing all week with no serious correction ( except 1 candle yestarday right before the close) , longs are cheering now
  • #14,115
  • Dec 6, 2018 4:35am Dec 6, 2018 4:35am
what a move even without the OPEC desicion yet.. can only imagine what will happens afterwards.. this shit is unstopable
  • #14,116
  • Dec 6, 2018 4:54am Dec 6, 2018 4:54am
Quoting kazachokings
what a move even without the OPEC desicion yet.. can only imagine what will happens afterwards.. this shit is unstopable
lol that made me laugh, hope this rally was made before the long journey heading south.
  • #14,117
  • Dec 6, 2018 5:00am Dec 6, 2018 5:00am
Quoting Ysfbeck
{quote} lol that made me laugh, hope this rally was made before the long journey heading south.
Hehehe, south trip would be nice, especially this year..
  • #14,118
  • Dec 6, 2018 6:08am Dec 6, 2018 6:08am
Can't like your posts (junior member etc) but just wanted to thank you for all your work to share your knowledge.
Learnt a lot from your system and I keep on learning.
  • #14,119
  • Edited 7:39am Dec 6, 2018 7:24am | Edited 7:39am
Quoting kazachokings
{quote} Yeah and it continues going up.. maybe 1,350s maybe higher, very annoying. I m thinking of dumping this crappy pair, missing other opportunities on the other pairs. Eventually they will dump it but who the fcuk knows when ..?! 2 loosing trades on this crap, third one is not going very well so far, it is still climging. If I get stopped out, fcuk it, switching to others
Yup another bull pump possible today.refusing to go down today
  • #14,120
  • Dec 6, 2018 7:40am Dec 6, 2018 7:40am
Bull move can move eurcad very high too
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