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USD/CAD

  • #16,061
  • May 14, 2021 6:04am May 14, 2021 6:04am
Quoting Inthebox
{quote} the trend is down but i mentioned before, it hit a major support, nobody knows when price will break that. maybe until they are satisfied when they accumulate enough to sell at higher prices. {quote}
Seems like the price is reacting to ur downfib. But now is not yet tme to confirm short right?
  • #16,062
  • May 14, 2021 8:39am May 14, 2021 8:39am
Quoting Inthebox
{quote} i only trade what i see on the chart. {image}
You collect many pips today, keep up the good work.
But may I know what's your target of this downtrend?
  • #16,063
  • May 14, 2021 9:07am May 14, 2021 9:07am
Quoting hans91
{quote} You collect many pips today, keep up the good work. But may I know what's your target of this downtrend?
i was out and just came back, it hit my tp.
i am a day trader(or stretch over another day) so i don't go for big pips.
it just happened that i caught the top this round.
tp can be around the lines that i had drawn.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,064
  • May 14, 2021 9:22am May 14, 2021 9:22am
Quoting alivepool
{quote} Seems like the price is reacting to ur downfib. But now is not yet tme to confirm short right?
why wait for a confirmed short while you can trade the range since price hit a strong support?
lots of opportunity will be missed.
normally it will be a break of support and a test of the break.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,065
  • May 14, 2021 10:05am May 14, 2021 10:05am
Quoting Inthebox
{quote} i was out and just came back, it hit my tp. i am a day trader(or stretch over another day) so i don't go for big pips. it just happened that i caught the top this round. tp can be around the lines that i had drawn. {image}
How about this one?
I take someone's chart. He posted it yesterday. I'm thinking that it make fake break towards 1.20000 then going up at least 600 - 1000 pips..
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  • #16,066
  • May 14, 2021 11:21am May 14, 2021 11:21am
Quoting hans91
{quote} How about this one? I take someone's chart. He posted it yesterday. I'm thinking that it make fake break towards 1.20000 then going up at least 600 - 1000 pips.. {image}
i think price ultimately will be attracted to the lower support zone which will be very tough to break.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,067
  • May 14, 2021 12:32pm May 14, 2021 12:32pm
Quoting Inthebox
{quote} i think price ultimately will be attracted to the lower support zone which will be very tough to break. {image}
Usually such strong movements after a long time trend, is made before trend change.
UC made a higher high and then a higher low on H4 chart for first time from 1.2475 that decline accelerated.
I think 1.2045 was the bottom.
See chart.
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Trade to enjoy... Money is after!
  • #16,068
  • May 14, 2021 12:34pm May 14, 2021 12:34pm
Quoting saninvestor
{quote} Usually such strong movements after a long time trend, is made before trend change. UC made a higher high and then a higher low on H4 chart for first time from 1.2475 that decline accelerated. I think 1.2045 was the bottom. See chart. {image}
I see at least a correction to 1.24x
Trade to enjoy... Money is after!
  • #16,069
  • May 15, 2021 12:28pm May 15, 2021 12:28pm
Quoting saninvestor
{quote} I see at least a correction to 1.24x
what price will you be buying?
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,070
  • May 15, 2021 1:00pm May 15, 2021 1:00pm
Quoting saninvestor
{quote} I see at least a correction to 1.24x
Here at 1.20xx might be easily also a reversal...and up towards 1.30+.
Everyone can see the chart, but only a few can actually read it.
  • #16,071
  • May 15, 2021 1:13pm May 15, 2021 1:13pm
CAD COT:

Pay attention to NET POSITIONS...they are on TOP so next week can be reversal one
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  • #16,072
  • May 16, 2021 4:54am May 16, 2021 4:54am
Quoting Inthebox
{quote} what price will you be buying?
I'm buying this above 1.2090 and will add more above 1.2135 and then above 1.2204
Trade to enjoy... Money is after!
  • #16,073
  • May 17, 2021 9:33am May 17, 2021 9:33am
sold.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,074
  • May 17, 2021 9:37am May 17, 2021 9:37am
Keeping short since the beginning of the year.
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  • #16,075
  • May 17, 2021 9:42am May 17, 2021 9:42am
Quoting Inthebox
sold. {image}
So now whats next. Seems like it keep gog down
  • #16,076
  • May 17, 2021 9:47am May 17, 2021 9:47am
Quoting alivepool
{quote} So now whats next. Seems like it keep gog down
https://www.forexfactory.com/thread/...6#post13538886
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,077
  • May 17, 2021 9:57am May 17, 2021 9:57am
And the funniest part is where is the big demand? Airlines mostly grounded, vehicles are heading towards green emission electric cars so in future cars dun run on petrol anymore. And against the odds, the oil px is gog up. Really manipulated piece of shit.
  • #16,078
  • May 17, 2021 10:26am May 17, 2021 10:26am
Probably the 'last bear standing' now.
  • #16,079
  • May 17, 2021 1:32pm May 17, 2021 1:32pm
Quoting Sedate
Probably the 'last bear standing' now.
Everyone is thinking uc is cheap n bargain now. MM will instead make it look even cheaper until one day the retail traders give up or hit margin call n all exit the ring, then MM will bring it back up and this move up will be very swift, too fast till retail traders who are already on sideline ,cant catch much of up move also
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  • #16,080
  • May 17, 2021 1:38pm May 17, 2021 1:38pm
Quoting alivepool
{quote} Everyone is thinking uc is cheap n bargain now. MM will instead make it look even cheaper until one day the retail traders give up or hit margin call n all exit the ring, then MM will bring it back up and this move up will be very swift, too fast till retail traders who are already on sideline ,cant catch much of up move also .
Oil just before covid was trading around 58usd when flights m economy at full pace. Fast forward to today, it is trading at 66 usd when half the world literally come to a halt due to covid. Is there any logical sense in this
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