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USD/CAD

  • #15,781
  • Nov 19, 2020 8:47am Nov 19, 2020 8:47am
Quoting warrensapp
{quote} Interesting - in your experience, is it just in this environment, or have you noticed it is usually the case when OPEC cuts production its a bearish reaction to over supply?
Whatever is the overpowering theme in the media will drive the price. At times the production cuts are big in the news so there is an uptrend from there. The market as a whole right now is bearish on oil demand, coupled with all the other data coming out. Some trader here once posted if you are trading oil you are trading stocks. Seems the basic correlations of stocks up, oil up and USD down and vice versa are still in play.
Be humble or be humbled.
  • #15,782
  • Nov 19, 2020 7:11pm Nov 19, 2020 7:11pm
Quoting Mcbeaners
i know in the past folk used to correlate crude, and commodities with cad but still worth looking at? i'm doubtful.
I think it is. Graph of CAD with WTI (orange line):
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  • #15,783
  • Edited 11:38am Nov 20, 2020 3:32am | Edited 11:38am
Short for me
Attached Image (click to enlarge)
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Stop
  • #15,784
  • Nov 20, 2020 6:09am Nov 20, 2020 6:09am
i'm expecting more down for usdcad today. ... we'll see.
In tea leaves we trust!
  • #15,785
  • Nov 20, 2020 7:06am Nov 20, 2020 7:06am
Quoting danizani95
Short for me{image}
i do like me "m" and "w" 's and inverted ones also. but only on the hrly and above. too much shithousery below that. i do like it more on the 4hrly looking in 20ema and willimans %r.

----------

reckon i've missed the best entry @ 1.30604

fwiw i have my order there....
In tea leaves we trust!
  • #15,786
  • Nov 20, 2020 7:40am Nov 20, 2020 7:40am
Quoting Mcbeaners
{quote} i do like me "m" and "w" 's and inverted ones also. but only on the hrly and above. too much shithousery below that. i do like it more on the 4hrly looking in 20ema and willimans %r. ---------- reckon i've missed the best entry @ 1.30604 fwiw i have my order there....
Unfortunately we can never enter/exit at the best price. The most important thing is the RR ratio. Be positive
  • #15,787
  • Nov 20, 2020 7:42am Nov 20, 2020 7:42am
my general experience is to wait, they will push the stops at some point. or i'll wait until a pull back if i missed the best entry. same to you!
In tea leaves we trust!
  • #15,788
  • Nov 20, 2020 10:04am Nov 20, 2020 10:04am
well i was out and came about sold some @ 1.30515ish and then my order was filled @ 1.30603.... and i loaded up @ 1.3066ish. fingers crossed.
In tea leaves we trust!
  • #15,789
  • Nov 20, 2020 10:22am Nov 20, 2020 10:22am
closing all my cad trades here....
In tea leaves we trust!
  • #15,790
  • Nov 24, 2020 7:01am Nov 24, 2020 7:01am
time to get short again? 0.76430 (long from futs) translates to about 1.3085 ish.
In tea leaves we trust!
  • #15,791
  • Nov 24, 2020 8:25am Nov 24, 2020 8:25am
climbed to 1.3090 .... not bad, not bad at all. i of course joined too early. still should be good for the run. fingers crossed.
In tea leaves we trust!
  • #15,792
  • Nov 24, 2020 8:29am Nov 24, 2020 8:29am
Quoting Mcbeaners
time to get short again? 0.76430 (long from futs) translates to about 1.3085 ish.
It could be a good short but i'm not going to trader it
  • #15,793
  • Nov 24, 2020 8:33am Nov 24, 2020 8:33am
fair enough - let's see if i'm right.
In tea leaves we trust!
  • #15,794
  • Nov 24, 2020 8:40am Nov 24, 2020 8:40am
i don't trade crude price and cad but crude is flying so maybe that's the push i see in cad.

maybe?
In tea leaves we trust!
  • #15,795
  • Nov 24, 2020 9:42am Nov 24, 2020 9:42am
On 1D if we bounce from the local trend + support, the target for me will be 1.32
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  • #15,796
  • Nov 24, 2020 10:09am Nov 24, 2020 10:09am
Quoting Tangerine.K
On 1D if we bounce from the local trend + support, the target for me will be 1.32 {image}
we'll see tan but first it has to go to the recent lows @ 1.30095. from that we can see what is going to happen.
In tea leaves we trust!
  • #15,797
  • Nov 24, 2020 10:47am Nov 24, 2020 10:47am
closing me cad here... good enough.
In tea leaves we trust!
  • #15,798
  • Nov 24, 2020 11:29am Nov 24, 2020 11:29am
re-entered my cad long. i'm getting continuations signals. crude long also is of interest(to me)
In tea leaves we trust!
  • #15,799
  • Nov 24, 2020 1:50pm Nov 24, 2020 1:50pm
i closed it too early, anyway its enough for one day.
In tea leaves we trust!
  • #15,800
  • Nov 27, 2020 1:56am Nov 27, 2020 1:56am
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Jeks