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USD/CAD

  • #15,201
  • Aug 23, 2019 1:21am Aug 23, 2019 1:21am
buy limit 1.3310
  • #15,202
  • Aug 24, 2019 11:57am Aug 24, 2019 11:57am
short selling below weak levels early next week. TP1/2 60/80. SL 20.
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  • #15,203
  • Aug 25, 2019 5:23am Aug 25, 2019 5:23am
UC Weekly seems to have run out of upward puff from that long trend or channel of the last two years and especially the last 35 weeks and the last six weeks now seems to be running out of puff also. Not a very technical term, but then I’m not a very technical person ...
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  • #15,204
  • Aug 26, 2019 10:28am Aug 26, 2019 10:28am
Quoting asgcorp
short selling below weak levels early next week. TP1/2 60/80. SL 20. {image}
excellent setup with a lot more downside. Adding here now TP1 is 120 TP2 is 160.
UCAD is maxed out now.
  • #15,205
  • Aug 26, 2019 11:16am Aug 26, 2019 11:16am
Quoting asgcorp
{quote} excellent setup with a lot more downside. Adding here now TP1 is 120 TP2 is 160. UCAD is maxed out now.
I have shorted last week and still waiting and paying a swap.
  • #15,206
  • Aug 26, 2019 12:48pm Aug 26, 2019 12:48pm
Targets for short is 1.287 to 1.280
  • #15,207
  • Aug 26, 2019 7:11pm Aug 26, 2019 7:11pm
Quoting Neil0163
Targets for short is 1.287 to 1.280
Hi Neil, hope you are doing well. I jumped the gun back on August 6 with a small position and have stacked orders all the way up to the 61.8% fib retracement level.

Im curious to see what kind of a timeframe you believe your TP’s will get hit? This was my first attempt at setting up a longer term swing trade and don’t want to pull out so early especially seeing it’s now making lower lows. I’m trying to stay disciplined but I feel like it was easier to hold in drawdown than it is in the green. I know we all have different views but I’m curious to understand yours, if you’d be so kind.

Cheers,
  • #15,208
  • Aug 26, 2019 11:25pm Aug 26, 2019 11:25pm
Quoting NewbTrader7
{quote} Hi Neil, hope you are doing well. I jumped the gun back on August 6 with a small position and have stacked orders all the way up to the 61.8% fib retracement level. Im curious to see what kind of a timeframe you believe your TP’s will get hit? This was my first attempt at setting up a longer term swing trade and don’t want to pull out so early especially seeing it’s now making lower lows. I’m trying to stay disciplined but I feel like it was easier to hold in drawdown than it is in the green. I know we all have different views but I’m curious...
Hi buddy that was based off the 4 and daily emotions are hard to control let it hit your stop loss or take profit if you have the correct Rik management it won't matter if you loose this trade. People only panic when they overleverage.
  • #15,209
  • Aug 27, 2019 9:39am Aug 27, 2019 9:39am
sell limit
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  • #15,210
  • Aug 27, 2019 10:01am Aug 27, 2019 10:01am
just added to my position here (short). Big dump soon.
  • #15,211
  • Aug 27, 2019 10:22am Aug 27, 2019 10:22am
covered my entire UCAD position (short) with a loss. Trade failed.
  • #15,212
  • Aug 27, 2019 5:11pm Aug 27, 2019 5:11pm
Quoting Neil0163
{quote} Hi buddy that was based off the 4 and daily emotions are hard to control let it hit your stop loss or take profit if you have the correct Rik management it won't matter if you loose this trade. People only panic when they overleverage.

Thanks for the prompt response. I’m not over leveraged and have a stop in place. I still feel confident in the trade and don’t believe one spike invalidates the trade. Longer term break of the rising TL is broken and figured there would be a retest, just didn’t think it would be this abrupt. We’ll see how it trades at this level and if it gives signs of returning to its original trend I might reevaluate and get out before the stop is hit.

Will be interesting to see how the wind will blow by the end of the week.
  • #15,213
  • Aug 27, 2019 5:37pm Aug 27, 2019 5:37pm
In a Short from Weekly PP 1.32914
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #15,214
  • Aug 28, 2019 6:49am Aug 28, 2019 6:49am
I think I drew the channel for USD / CAD correctly and now you can sell the pair from the upper border. Stochastic and RSI are overbought, there is no upward trend. I look at the trend in Ishimoku. Now the Tenkan and Kijun lines are inside the cloud, there is no parade of three lines.

Н4
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  • #15,215
  • Aug 28, 2019 6:57am Aug 28, 2019 6:57am
Quoting CassandraK
I think I drew the channel for USD / CAD correctly and now you can sell the pair from the upper border. Stochastic and RSI are overbought, there is no upward trend. I look at the trend in Ishimoku. Now the Tenkan and Kijun lines are inside the cloud, there is no parade of three lines. Н4 {image}
so it is a downtrend? or a range?may be to wait litle bit, because support is very close
  • #15,216
  • Aug 28, 2019 9:05am Aug 28, 2019 9:05am
- Goldman wants to see this pair at 1.3600 while Citi at 1.3015

https://www.forexlive.com/news/!/gol...shift-20190828

https://www.theglobeandmail.com/inve...-global-trade/
  • #15,217
  • Aug 28, 2019 9:22am Aug 28, 2019 9:22am
Quoting Ziko9o8
- Goldman wants to see this pair at 1.3600 while Citi at 1.3015 https://www.forexlive.com/news/!/gol...shift-20190828 https://www.theglobeandmail.com/inve...-global-trade/
I sort of agree with them but they may have to wait a bit for entry..
For me, this week, I am looking to buy anything below 1.3197 handle....
  • #15,218
  • Aug 28, 2019 9:22am Aug 28, 2019 9:22am
Quoting Ziko9o8
- Goldman wants to see this pair at 1.3600 while Citi at 1.3015 https://www.forexlive.com/news/!/gol...shift-20190828 https://www.theglobeandmail.com/inve...-global-trade/
Citi is smoking crack, Goldman is more close to it.
  • #15,219
  • Aug 28, 2019 9:53am Aug 28, 2019 9:53am
Quoting asgcorp
{quote} Citi is smoking crack, Goldman is more close to it.
Can’t they both be right if we’re talking about two different timelines?

for me, I believe we go 1.30970-ish and then back up again. Weekly is ripe for a new low but anything Can happen and so take with a grain of a salt and an entire tequila bottle.
  • #15,220
  • Edited 10:31am Aug 28, 2019 10:19am | Edited 10:31am
Quoting JayBag
{quote} I sort of agree with them but they may have to wait a bit for entry.. For me, this week, I am looking to buy anything below 1.3197 handle....
- That's a long shot, I bought at 1.3290

Quoting asgcorp
{quote} Citi is smoking crack, Goldman is more close to it.
- But this is the fourth week without any new high.

Quoting NewbTrader7
{quote} Can’t they both be right if we’re talking about two different timelines? for me, I believe we go 1.30970-ish and then back up again. Weekly is ripe for a new low but anything Can happen and so take with a grain of a salt and an entire tequila bottle.
- Definitely, time will tell.
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