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USD/CAD

  • #16,201
  • Jun 1, 2021 8:36am Jun 1, 2021 8:36am
Retail position remain net Long as indicated by sentiment on Forex Factory, Forex Client Sentiment, IG Sentiment analysis etc. Expecting a USD/CAD "flash crash" to happen anytime in the near future if this sentiment continues...

Attached Image
  • #16,202
  • Jun 1, 2021 8:56am Jun 1, 2021 8:56am
Quoting Inthebox
sold 1.20321
BE. keep on trying.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,203
  • Jun 1, 2021 9:13am Jun 1, 2021 9:13am
Quoting Lifestudent3
Retail position remain net Long as indicated by sentiment on Forex Factory, Forex Client Sentiment, IG Sentiment analysis etc. Expecting a USD/CAD "flash crash" to happen anytime in the near future if this sentiment continues... {image}
soon it will reverse. no worries.
  • #16,204
  • Jun 1, 2021 9:16am Jun 1, 2021 9:16am
Quoting Lifestudent3
Retail position remain net Long as indicated by sentiment on Forex Factory, Forex Client Sentiment, IG Sentiment analysis etc. Expecting a USD/CAD "flash crash" to happen anytime in the near future if this sentiment continues... {image}
Yes, agree, but look at the average entry for the long it's quite far
  • #16,205
  • Jun 1, 2021 10:28am Jun 1, 2021 10:28am
Quoting Manulondres
{quote} Yes, agree, but look at the average entry for the long it's quite far
600 pip drawdown... some people are not letting go
  • #16,206
  • Jun 1, 2021 10:36pm Jun 1, 2021 10:36pm
asia high or asia low to be broken?
interestingly price now around fib 50 from last week high to this week low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,207
  • Jun 1, 2021 11:13pm Jun 1, 2021 11:13pm
sell 1.20711
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,208
  • Jun 1, 2021 11:46pm Jun 1, 2021 11:46pm
Quoting Inthebox
sell 1.20711
Also sold around the level, but there seems to be some bull momentum in USD at the moment, maybe will find a bounce of 61/78 fib level. I will add more shorts around those levels
  • #16,209
  • Jun 1, 2021 11:56pm Jun 1, 2021 11:56pm
Quoting Lifestudent3
{quote} Also sold around the level, but there seems to be some bull momentum in USD at the moment, maybe will find a bounce of 61/78 fib level. I will add more shorts around those levels
will see first whether it's an exhaust move to fake yesterday's high.
fib 61/78 looks good because like h4 quasimodo entry.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,210
  • Jun 2, 2021 1:47am Jun 2, 2021 1:47am
Quoting Lifestudent3
Retail position remain net Long as indicated by sentiment on Forex Factory, Forex Client Sentiment, IG Sentiment analysis etc. Expecting a USD/CAD "flash crash" to happen anytime in the near future if this sentiment continues... {image}
Dun believe or read too much into this info. Just take it with a pinch of salt. Two sides of scale. The MMs are also equally aware there are long term swing traders waiting for bottom sweep or averaging buying so they wont push px too down either to benefit them. This UC has gotten many traders attention to wait for the right moment to buy and for this, it wont be straight forward dip down
  • #16,211
  • Jun 2, 2021 12:10pm Jun 2, 2021 12:10pm
Quoting Inthebox
sell 1.20711
Quoting Inthebox
{quote} will see first whether it's an exhaust move to fake yesterday's high. fib 61/78 looks good because like h4 quasimodo entry.

tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,212
  • Jun 2, 2021 12:31pm Jun 2, 2021 12:31pm
The more down price underwater, the more retail long positions will be added. The bottom will be where maximum retail longs already added. So when you see 80% retaileres are long, does not exactly mean price will dive more.
Price will bounce back somewhere.Maybe 300 pips lower or right here.
When it goes up, more retail longs will be reduced.
Do not forget, retailers are wrong all the way EXCEPT at tops and bottoms.

Trade safe...
Trade to enjoy... Money is after!
  • #16,213
  • Jun 2, 2021 12:40pm Jun 2, 2021 12:40pm
Quoting saninvestor
Do not forget, retailers are wrong all the way EXCEPT at tops and bottoms. Trade safe...
i had been selling since end of april till now.
so from another perspective, i would rather be right all the way EXCEPT at tops and bottoms.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,214
  • Jun 2, 2021 12:45pm Jun 2, 2021 12:45pm
Quoting Inthebox
{quote} i had been selling since end of april till now. so from another perspective, i would rather be right all the way EXCEPT at tops and bottoms.
Of course you were trading at MM direction. Right direction. When we are talking about retailers, referring to majority of them at wrong direction.
Trade to enjoy... Money is after!
  • #16,215
  • Jun 2, 2021 12:54pm Jun 2, 2021 12:54pm
this ranging is really coiling waiting to spring.
the question is which side?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,216
  • Jun 2, 2021 1:00pm Jun 2, 2021 1:00pm
Quoting Inthebox
this ranging is really coiling waiting to spring. the question is which side? {image}
Friday is pretty challenging day...
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Trade to enjoy... Money is after!
  • #16,217
  • Jun 2, 2021 1:06pm Jun 2, 2021 1:06pm
Quoting saninvestor
{quote} Friday is pretty challenging day... {image}
so let it be a rest day.
however ......... cannot go out to play ..........
have a good night sleep.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,218
  • Edited 9:32pm Jun 2, 2021 9:08pm | Edited 9:32pm
Quoting Inthebox
{quote} i had been selling since end of april till now. so from another perspective, i would rather be right all the way EXCEPT at tops and bottoms.
I only switch n started selling in May, thanks to u bro. Shorting on every retrace up but need to be nimble n not greedy. At this moment, this mkt is going kill longs but also wont reward shorts so easily
  • #16,219
  • Jun 2, 2021 10:26pm Jun 2, 2021 10:26pm
Quoting alivepool
{quote} I only switch n started selling in May, thanks to u bro. Shorting on every retrace up but need to be nimble n not greedy. At this moment, this mkt is going kill longs but also wont reward shorts so easily
that pattern is called range.
if day trading for this pair usdcad, 30-40 pips between support/resistance would be very good already.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,220
  • Jun 2, 2021 11:31pm Jun 2, 2021 11:31pm
2 zones to watch
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ITB - Seeing Orderliness amongst 'Randomness'
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