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USD/CAD

  • #15,921
  • Feb 27, 2021 7:13am Feb 27, 2021 7:13am
Quoting Zircon
{quote} ?? still possible weekly close.
Yes, the DXY will start rising now. Dollar up. I agree.
Be humble or be humbled.
  • #15,922
  • Feb 27, 2021 4:02pm Feb 27, 2021 4:02pm
Quoting Vincent1
Since we don't see buyers here, on H4 looks like a possible Three Valleys and A River It's like a Three Drives more complex, inside and AB=CD The target is around 1.25 Waiting for a sell-off {image}{image}
Update
Attached Image (click to enlarge)
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  • #15,923
  • Feb 27, 2021 5:41pm Feb 27, 2021 5:41pm
Inserted Video


$6000 trading week.
instagram: stepbystepforex
  • #15,924
  • Mar 1, 2021 4:13am Mar 1, 2021 4:13am
I am 100% convinced bonds will rise which will strengthen USD which in turn will put pressure on energy. BUY: $USDCAD 1.2696 CLOSE 50% AT 1.28
Attached Image (click to enlarge)
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00 AND PUT A STOP IN AT ENTRY AND LET IT RUN RISK FREE
It's a big game.
  • #15,925
  • Mar 1, 2021 4:22pm Mar 1, 2021 4:22pm
Quoting Zircon
{quote} ?? still possible weekly close.
?... +/- 1.25600
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #15,926
  • Mar 2, 2021 7:30am Mar 2, 2021 7:30am
Quoting Zircon
{quote} ?... +/- 1.25600


1.26500. good support maybe??
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #15,927
  • Mar 3, 2021 5:52am Mar 3, 2021 5:52am
Quoting Zircon
Sentiment Reversed- some hope start build. ?maybe
Buying is better
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #15,928
  • Mar 3, 2021 9:56am Mar 3, 2021 9:56am
Quoting Zircon
{quote} Buying is better
This is scalpers paradise. I don't think there can be any buying or selling decision that can be made with this. This is just going in and out and repeat.
  • #15,929
  • Mar 3, 2021 3:42pm Mar 3, 2021 3:42pm
Quoting Piphunter40
{quote} This is scalpers paradise. I don't think there can be any buying or selling decision that can be made with this. This is just going in and out and repeat.
if you bought 5 hrs ago will be 26 pips up. looks you scalping ?
i am talking about buy and hold...

i love scalping time to times.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #15,930
  • Mar 11, 2021 1:05pm Mar 11, 2021 1:05pm
Will there be a reversal right when Biden is to sign the new covid relief bill ? I really don't know how to interpret this ? IMHO So, I went for it anyways... the second image is at the moment of signing. I realize it may be a coincidence and that it may not be a reversal at all...
Attached Image(s) (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,931
  • Mar 11, 2021 4:00pm Mar 11, 2021 4:00pm
Quoting Pipimintpati
Will there be a reversal right when Biden is to sign the new covid relief bill ? I really don't know how to interpret this ? IMHO So, I went for it anyways... the second image is at the moment of signing. I realize it may be a coincidence and that it may not be a reversal at all... {image} {image}
Why would it reverse?

when there is an extra 1.9 TRILLION USD in the system, they don't become worth MORE

In fact, they become worth LESS

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #15,932
  • Edited 4:47pm Mar 11, 2021 4:24pm | Edited 4:47pm
Quoting Erebus
{quote} Why would it reverse? when there is an extra 1.9 TRILLION USD in the system, they don't become worth MORE In fact, they become worth LESS {image}

And even though I know this I still made the trade. I've seen stranger things. Thank you though for reminding me that I am able to make decisions based on nothing whatsoever. however, I have not yet lost on this trade...


Edit, But i'm about to....
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,933
  • Edited 12:30am Mar 12, 2021 12:18am | Edited 12:30am
Or maybe not, Stranger things have happened...

I didn't want to seem more incorrect earlier than I already was, but, none of the stimulus money has changed accounts yet. So, there is no real reason for anything to change until the money is transferred to various institutions and really, the dollars are still dollars so although diluted they should still be in the USA Coffers...IMHO, just a thought. Ultimately the dollar will fall soon IMHO, too.
Attached Image (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,934
  • Edited 11:11am Mar 12, 2021 10:34am | Edited 11:11am
I made this trade earlier, and I think what happen was the SP500 went sideways all morning and held USDCAD in place while XAUUSD positioned itself to go long as SP500 went bullish at times, then driving the USD Down and USDCAD.
Attached Image(s) (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,935
  • Mar 12, 2021 1:11pm Mar 12, 2021 1:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 86 KB
  • #15,936
  • Mar 12, 2021 9:04pm Mar 12, 2021 9:04pm
With all the stimulus money hitting the markets this weekend the SP500 should have a good week ? IMHO and the dollar folds tanks. But, here the weekly chart has landed right on top of these overlapping whole fibo % I am curious to where the open will be... Although the 110 % is a very common target/reversal IMHO...
Attached Image (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,937
  • Mar 14, 2021 10:08am Mar 14, 2021 10:08am
Quoting Pipimintpati
With all the stimulus money hitting the markets this weekend the SP500 should have a good week ? IMHO and the dollar folds tanks. But, here the weekly chart has landed right on top of these overlapping whole fibo % I am curious to where the open will be... Although the 110 % is a very common target/reversal IMHO... {image}
It will start reversing direction soon as the equity markets and oil reach new highs. 1.24 flat?
Be humble or be humbled.
  • #15,938
  • Mar 14, 2021 6:16pm Mar 14, 2021 6:16pm
Quoting Temujin
{quote} It will start reversing direction soon as the equity markets and oil reach new highs. 1.24 flat?

why do you say 1.24 flat ?
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,939
  • Mar 14, 2021 6:56pm Mar 14, 2021 6:56pm
Quoting Erebus
{quote} Why would it reverse? when there is an extra 1.9 TRILLION USD in the system, they don't become worth MORE In fact, they become worth LESS {image}
Everyone else is printing as well...
  • #15,940
  • Mar 16, 2021 5:57pm Mar 16, 2021 5:57pm
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