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USD/CAD

  • #14,381
  • Jan 7, 2019 11:21am Jan 7, 2019 11:21am
Entering Long on this H4 Candle Close .. Long Term target 1.345xx
Markets are Irrational
  • #14,382
  • Jan 7, 2019 11:21am Jan 7, 2019 11:21am
Quoting okshop
{quote} Closed TP2 {image}
Good Job..
Markets are Irrational
  • #14,383
  • Jan 7, 2019 11:49am Jan 7, 2019 11:49am
Guys what’s your take on BOC rate decision on Wednesday? Hike or hold?
  • #14,384
  • Jan 7, 2019 11:53am Jan 7, 2019 11:53am
Quoting mamalujo
Guys what’s your take on BOC rate decision on Wednesday? Hike or hold?
I am expecting Hawkish Monetary Policy of BOC... Let's see what comes out...

PS: Not expecting a rate rise
Markets are Irrational
  • #14,385
  • Jan 7, 2019 1:39pm Jan 7, 2019 1:39pm
I am Long
Attached Image (click to enlarge)
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  • #14,386
  • Jan 7, 2019 2:02pm Jan 7, 2019 2:02pm
Quoting ArslanHyder
{quote} I am expecting Hawkish Monetary Policy of BOC... Let's see what comes out... PS: Not expecting a rate rise
So do you think by Wednesday DXY should go up ?
  • #14,387
  • Jan 7, 2019 2:14pm Jan 7, 2019 2:14pm
Quoting swagat555
{quote} So do you think by Wednesday DXY should go up ?
Then it may tank to support before around 94.40/93.44 next day, take care,
https://www.forexfactory.com/showthr...9#post11854879
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #14,388
  • Jan 7, 2019 2:25pm Jan 7, 2019 2:25pm
Quoting swagat555
{quote} So do you think by Wednesday DXY should go up ?
DXY can go up only if the fundamentals align... all I am seeing is weakening dollar...
Markets are Irrational
  • #14,389
  • Jan 7, 2019 2:54pm Jan 7, 2019 2:54pm
Quoting ArslanHyder
{quote} DXY can go up only if the fundamentals align... all I am seeing is weakening dollar...
okay. Thanks for info. So entering Long in this range is not good idea right !
  • #14,390
  • Jan 7, 2019 3:07pm Jan 7, 2019 3:07pm
Quoting swagat555
{quote} okay. Thanks for info. So entering Long in this range is not good idea right !
Exactly... Stay green dear.
Markets are Irrational
  • #14,391
  • Jan 7, 2019 8:05pm Jan 7, 2019 8:05pm
Just popping in to say I agree with the bullish sentiment, we're in a possible acceleration zone to the upside. I'll be surprised if the current lows aren't swept a couple times first before we shift up, we'll want to see pin bars on any bars that break the recent lows.
  • #14,392
  • Jan 7, 2019 8:12pm Jan 7, 2019 8:12pm
long only here
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NEVER BREAK RULES
  • #14,393
  • Jan 7, 2019 11:06pm Jan 7, 2019 11:06pm
TL Broken???
https://www.forexfactory.com/showthr...7#post11856077


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TMT Scalping System (Best system on FF)
  • #14,394
  • Jan 8, 2019 3:17am Jan 8, 2019 3:17am
If the long works, we're about to get our pin bar. This thing might drop down to 1.3175--another key level, be careful, don't submit a limit without a stop attached.
  • #14,395
  • Jan 8, 2019 4:25am Jan 8, 2019 4:25am
Quoting Scotty B
If the long works, we're about to get our pin bar. This thing might drop down to 1.3175--another key level, be careful, don't submit a limit without a stop attached.
I will be adding long again on new swing low as I broke up my lot into smaller chunks for each key level for entering long.
Markets are Irrational
  • #14,396
  • Edited 7:06am Jan 8, 2019 6:40am | Edited 7:06am
I bought into the extreme drop wanting a retrace. However, I expect the PA to finish the channel somewhere just below ~1.32’s or 1.31’s (who knows). I usually don’t position in the middle of a channel but it was such a strong drop, it seems there should be a bounce of some kind. Can’t wait to get out.
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Taigen Profit This Month: na
  • #14,397
  • Jan 8, 2019 6:40am Jan 8, 2019 6:40am
Looks like majority peeps are on long today..let's see
  • #14,398
  • Jan 8, 2019 7:40am Jan 8, 2019 7:40am
Here's some "recent" charts I did for some of you.

-- TP 1 & 2 hit on the way up.
--- 3 pip draw down predicted on 17th December, 2018 @ 1.3665 sell, Max Pain Level (TP2) once TP1 was breached. Giving us an optimum entry level for 130:1 RR

https://www.forexfactory.com/attachm...0&d=1545081917

https://www.forexfactory.com/attachm...8&d=1545081761

https://www.forexfactory.com/attachm...7&d=1545080170

Hope it makes sense
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #14,399
  • Jan 8, 2019 9:18am Jan 8, 2019 9:18am
BOC decision is tomorrow, best to wait for better trade setup after the news

buying looks attractive from the 1.32 level
Don't Worry Be Happy
  • #14,400
  • Edited 4:49pm Jan 8, 2019 1:10pm | Edited 4:49pm
Trading is always tentative. None of my buy limits were filled, but I don't think I missed the train. We are still hanging out at important levels, it'll likely take the news this week to make or break the trade. I am looking at the 1.3125ish level. The whole point is to work to find the longer term entry zones. I would avoid being long at this time unless you're scaling in.
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