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USD/CAD

  • #15,301
  • Sep 23, 2019 11:23am Sep 23, 2019 11:23am
As long as price stays below SMA-13, my view for US/CA is short.

PS: I'm long NZ/US
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Meditate -> Workout -> Good Food = Good Life!
  • #15,302
  • Sep 23, 2019 11:36am Sep 23, 2019 11:36am
Quoting YellowFellow
As long as price stays below SMA-13, my view for US/CA is short. PS: I'm long NZ/US {image}
That's cool, I am holding a few short position too, my plan is to hold as long as possible.
  • #15,303
  • Sep 23, 2019 11:50am Sep 23, 2019 11:50am
Quoting alphabear
{quote} That's cool, I am holding a few short position too, my plan is to hold as long as possible.
Here is the trade!
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  • #15,304
  • Sep 23, 2019 11:35pm Sep 23, 2019 11:35pm
Same here! I'm holding for some days and it's now ready for the explosion
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Give me a lever long enough and a place to stand, and I will move the Earth
  • #15,305
  • Sep 24, 2019 12:19am Sep 24, 2019 12:19am
Going to look to short above these tops
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ex nihilo
  • #15,306
  • Sep 24, 2019 4:24am Sep 24, 2019 4:24am
- Also short here for 1.3240
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  • #15,307
  • Sep 24, 2019 6:44am Sep 24, 2019 6:44am
This pair drives me nuts sometimes. Its been going absolutely nowhere for over a week now, when there was plenty of news events to get it moving. Just weird how it seems to stuck in place so often.
  • #15,308
  • Sep 24, 2019 7:47am Sep 24, 2019 7:47am
Quoting Nate04
This pair drives me nuts sometimes.
- Can you handle the truth!?

- There is no money in the money(Forex) market. They say the daily volume of FX market hit $6.6 Trillion, but after you subtract the volume of EU + UJ and divide the rest among say 64 pairs, then how much is left for USDCAD!!!???
  • #15,309
  • Sep 24, 2019 8:51am Sep 24, 2019 8:51am
If you want to make decent money or a living in Forex, try to make between an average of 10-30 pips a day. Once you reach that objective, PUSH YOURSELF AWAY FROM YOUR COMPUTER and come back the next day.
Lost....
  • #15,310
  • Sep 24, 2019 9:03am Sep 24, 2019 9:03am
usd cad is a good pair to trade, look to those ranges, Fibonacci levels, it has character,just follow
  • #15,311
  • Sep 24, 2019 9:21am Sep 24, 2019 9:21am
What's the story on oil? Are prices ever going to go up?

Based off the chart, unless it breaks from my up channel shown - shorting USDCAD is the play.

Cramer thinks its time to get out of oil stocks because younger money managers are looking to the future for alternative energy - but that doesn't mean A.) We don't still need oil for other things, and B.) Oil is a scarce resource and should go up in value the more of it we use up.

Oil has been down though and the implication then is to long USDCAD.

What's everyone's take?
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If you're gonna be a bear, be a grizzly
  • #15,312
  • Sep 24, 2019 9:47am Sep 24, 2019 9:47am
Quoting Nate04
This pair drives me nuts sometimes. Its been going absolutely nowhere for over a week now, when there was plenty of news events to get it moving. Just weird how it seems to stuck in place so often.
I find this pair one of the best to trade actually, among others of course, but this one is surely one of the most suitable. It's only my opinion
Give me a lever long enough and a place to stand, and I will move the Earth
  • #15,313
  • Sep 24, 2019 9:51am Sep 24, 2019 9:51am
Quoting artestine
{quote} I find this pair one of the best to trade actually, among others of course, but this one is surely one of the most suitable. It's only my opinion
True.
I used to trade GBPJPY....very lucrative but very risky. The USDCAD is one of the least risky pairs out there.
Lost....
  • #15,314
  • Sep 24, 2019 9:55am Sep 24, 2019 9:55am
Quoting warrensapp
What's the story on oil? Are prices ever going to go up? Based off the chart, unless it breaks from my up channel shown - shorting USDCAD is the play. Cramer thinks its time to get out of oil stocks because younger money managers are looking to the future for alternative energy - but that doesn't mean A.) We don't still need oil for other things, and B.) Oil is a scarce resource and should go up in value the more of it we use up....
- I'm short on oil for $57 & $53.75

- I don't trust the relation between oil & USDCAD

https://www.myfxbook.com/forex-market/correlation
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  • #15,315
  • Sep 24, 2019 10:28am Sep 24, 2019 10:28am
Quoting Ziko9o8
{quote} - I'm short on oil for $57 & $53.75 - I don't trust the relation between oil & USDCAD https://www.myfxbook.com/forex-market/correlation {image} {image}
True - the inverse correlation between USDCAD and OIL is not directly true 100% of the time. Today for example oil is down and so is USDCAD, but that is mostly due to the USD being weak across the board (all currencies). Unrelated to oil.

But if oil starts to rebound, doesn't that strengthen the Canadian dollar?
If you're gonna be a bear, be a grizzly
  • #15,316
  • Sep 24, 2019 10:35am Sep 24, 2019 10:35am
Quoting warrensapp
{quote} True - the inverse correlation between USDCAD and OIL is not directly true 100% of the time. Today for example oil is down and so is USDCAD, but that is mostly due to the USD being weak across the board (all currencies). Unrelated to oil. But if oil starts to rebound, doesn't that strengthen the Canadian dollar?
- Yes, but I have to see it on my chart.
  • #15,317
  • Sep 24, 2019 2:32pm Sep 24, 2019 2:32pm
Quoting Ziko9o8
{quote} - I'm short on oil for $57 & $53.75 - I don't trust the relation between oil & USDCAD https://www.myfxbook.com/forex-market/correlation {image} {image}
Daily USDCAD versus US_OIL (aqua). Note that prices have not always been negative coefficient.
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Lost....
  • #15,318
  • Edited 5:03am Sep 25, 2019 2:20am | Edited 5:03am
- Short @ 1.3260 TP 1.3220

+ Edit:- Bullish and scalping up for 1.3280 & 1.3290
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  • #15,319
  • Sep 25, 2019 5:17am Sep 25, 2019 5:17am
personally, I hate trading this pair, and I hate trading crude....I have some R up near here, looks decent...sold some just now at 1.3275, 50 pip stop....
Look Sharp/Trade Tight
  • #15,320
  • Sep 25, 2019 5:16pm Sep 25, 2019 5:16pm
still look bulish for me, it didnt go down, so should go up..
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