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USD/CAD

  • #14,121
  • Dec 6, 2018 7:45am Dec 6, 2018 7:45am
Attached Image
COT: The precious data ignored
  • #14,122
  • Dec 6, 2018 7:51am Dec 6, 2018 7:51am
Quoting kuroro001
{image}
The last two Sell spots is where I got fcuked twice. Third trade with this crap is a little lower than your higher sell ( extreme Level) .. and it still does not look bearish, still wanna make another 5000 pips..last trade on this shit and that is it if I got stopped out, switching to something else
  • #14,123
  • Dec 6, 2018 8:17am Dec 6, 2018 8:17am
Quoting kazachokings
{quote} The last two Sell spots is where I got fcuked twice. Third trade with this crap is a little lower than your higher sell ( extreme Level) .. and it still does not look bearish, still wanna make another 5000 pips..last trade on this shit and that is it if I got stopped out, switching to something else
I have been there, just closed my long.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #14,124
  • Dec 6, 2018 8:22am Dec 6, 2018 8:22am
Opec Opening Statement: "However, I think we can all recognize that our work is not done.

As we look forward to 2019, we see a new set of challenges. This includes the general consensus that prospects point to higher supply growth than expected global requirements and there are signs of a potential slowdown in demand....We need to focus our joint efforts on maintaining the balanced market we achieved in 2018; sustaining the stability we all desire; and, ensuring that there is a firm foundation to allow the industry to make the necessary investments to continue to meet expected future oil demand..."
If you're gonna be a bear, be a grizzly
  • #14,125
  • Dec 6, 2018 8:30am Dec 6, 2018 8:30am
Quoting kazachokings
{quote} The last two Sell spots is where I got fcuked twice. Third trade with this crap is a little lower than your higher sell ( extreme Level) .. and it still does not look bearish, still wanna make another 5000 pips..last trade on this shit and that is it if I got stopped out, switching to something else
Once its ready....short for a move below 1,30

I'm trying small short with 30/40 pips stop and see if i can get a runner
COT: The precious data ignored
  • #14,126
  • Dec 6, 2018 9:02am Dec 6, 2018 9:02am
Warrensapp , YES , USE MENTAL STOP LOSSES !!!!! EVERY TRADING PLATFORM has "submarine hunting software" !!! Have you ever had a stop loss triggered right to the decimal point and then "the market" reverse ? Had it happen to me MANY MANY MANY TIMES WHEN I POSTED MY STOP LOSS POSITION , particularly when it was within 30 pips of the current market price.
Like a GREAT CARD PLAYER , NEVER SHOW YOUR HAND !!!

Hope this helps.
aa4fx , when I open a SMALL or TINY POSITION , I AM HUNTING. I am immediately in drawdown almost 100% of the time , sometimes I remain there for days or weeks. DO YOU HAVE THE SELF DISCIPLINE TO DO THIS ? IF YOU CAN'T , YOUR trading lot sizes are too large. REMEMBER , LEVERAGE IS THE KEY !!!!

Oil WILL NOT TRADE BELOW $48.00 a Barrel , OPEC COUNTRIES WILL SEE TO THIS !!! TRUMP better be careful , OPEC can "freeze the US out of their export markets" !! I know TRUMP doesn't think so , but , REMEMBER , the WORLD is turning against the US right now. Did TRUMP just back down from CHINA ? He did indeed !!

Green Pips to all ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #14,127
  • Dec 6, 2018 9:33am Dec 6, 2018 9:33am
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.
How does it benefit market movers to go against retail traders?
If you're gonna be a bear, be a grizzly
  • #14,128
  • Dec 6, 2018 10:14am Dec 6, 2018 10:14am
Quoting kuroro001
{quote} Once its ready....short for a move below 1,30 I'm trying small short with 30/40 pips stop and see if i can get a runner
Been holding my short for hours now.. at 1,3430s and I m getting annoyed, missed so many other opportunities. Contempleting if I should take my small miserable profit and call it a day or leave it a little longer, maybe it will go down after all... today I hope.. hehe
  • #14,129
  • Dec 6, 2018 10:19am Dec 6, 2018 10:19am
Quoting kazachokings
{quote} Been holding my short for hours now.. at 1,3430s and I m getting annoyed, missed so many other opportunities. Contempleting if I should take my small miserable profit and call it a day or leave it a little longer, maybe it will go down after all... today I hope.. hehe
take your small miserable profit. its better than the miserable losses im taking on this pair.
If you're gonna be a bear, be a grizzly
  • #14,130
  • Dec 6, 2018 10:23am Dec 6, 2018 10:23am
Quoting warrensapp
{quote} take your small miserable profit. its better than the miserable losses im taking on this pair.
I am not sure if I can bear the though it dropped down like a rocket if it does so and I missed it .. besides, it is already at 1,3430s so there is no profit anymore.. fcuk it, I m calling it a day and hopefully tomorrow when I wake up I will see green.. which I highly doubt as this crap want to make another 5000 pips today..! Good luck everyone with this shitty pair, hope it doves to 1,33000 !!!!
  • #14,131
  • Dec 6, 2018 10:49am Dec 6, 2018 10:49am
Quoting warrensapp
{quote} take your small miserable profit. its better than the miserable losses im taking on this pair.
I have a sticker on my laptop for this, it says : The Trend is your FRIEND !!!... so I got fcuked twice, I hope there wont be third time because I did not follow my rule , which is even glued on my laptop so I can see it all the time.. ! That is what you get for playing against the trend man The soon you stop doing this, the better your trading will get
  • #14,132
  • Dec 6, 2018 11:38am Dec 6, 2018 11:38am
UC
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 38 KB
Self discipline It is a practice
  • #14,133
  • Dec 6, 2018 11:39am Dec 6, 2018 11:39am
Quoting kazachokings
{quote} Been holding my short for hours now.. at 1,3430s and I m getting annoyed, missed so many other opportunities. Contempleting if I should take my small miserable profit and call it a day or leave it a little longer, maybe it will go down after all... today I hope.. hehe
Attached Image


Let see..
COT: The precious data ignored
  • #14,134
  • Dec 6, 2018 11:43am Dec 6, 2018 11:43am
This bitch is a rollercoaster - excuse my language.
Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 199 KB
If you're gonna be a bear, be a grizzly
  • #14,135
  • Dec 6, 2018 11:51am Dec 6, 2018 11:51am
bearish spike soon for USDCAD! maybe during powell speak
  • #14,136
  • Dec 6, 2018 12:07pm Dec 6, 2018 12:07pm
Quoting kuroro001
{quote} {image} Let see..
So far so good. One more candle like this with close below the 33500 would be awesome, could reach lower trendline of the channel, it touched the upper trendline, now heading south ( according to my drawings) .
  • #14,137
  • Dec 6, 2018 1:26pm Dec 6, 2018 1:26pm
Quoting kazachokings
{quote} Been holding my short for hours now.. at 1,3430s and I m getting annoyed, missed so many other opportunities. Contempleting if I should take my small miserable profit and call it a day or leave it a little longer, maybe it will go down after all... today I hope.. hehe
When you have something interesting to take out, take it ...
I just took all the profitable trades upper to 1.3387, there are still some in, starting 1.3363/71. I would like to take big swings, maybe now is wise to stay in or maybe not ... I am fine with what I got.
  • #14,138
  • Dec 6, 2018 1:38pm Dec 6, 2018 1:38pm
Quoting GreenEarth
Warrensapp , YES , USE MENTAL STOP LOSSES !!!!! EVERY TRADING PLATFORM has "submarine hunting software" !!! Have you ever had a stop loss triggered right to the decimal point and then "the market" reverse ? Had it happen to me MANY MANY MANY TIMES WHEN I POSTED MY STOP LOSS POSITION , particularly when it was within 30 pips of the current market price. Like a GREAT CARD PLAYER , NEVER SHOW YOUR HAND !!! Hope this helps. aa4fx , when I open a SMALL or TINY POSITION , I AM HUNTING. I am immediately in drawdown almost 100% of the time , sometimes I...
Leverage is the key for many things ...
Trading small have it's advantages but making interesting money needs a good planning, taking profits regularly is always a must. Expectations are kept alive by the long experience in domain.
  • #14,139
  • Dec 6, 2018 3:45pm Dec 6, 2018 3:45pm
Closed a few, even took a tiny loss ... should it go to 1.3363, I will remain with a few small positions in.
  • #14,140
  • Dec 6, 2018 7:53pm Dec 6, 2018 7:53pm
Quoting aa4fx
Closed a few, even took a tiny loss ... should it go to 1.3363, I will remain with a few small positions in.
no down move, I continue the small selling adding one @ 1.3394
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