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USD/CAD

  • #16,221
  • Jun 3, 2021 3:20am Jun 3, 2021 3:20am
sold 1.20673
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,222
  • Jun 3, 2021 3:27am Jun 3, 2021 3:27am
Quoting Inthebox
sold 1.20673
Where is your SL?
  • #16,223
  • Jun 3, 2021 3:35am Jun 3, 2021 3:35am
Quoting zerocool007
{quote} Where is your SL?
will analyze whether to exit if there is a strong h1 candle close above round number 1.21.
also another sell if price reaches the higher second zone previously mentioned.
no hard stop for me unless away from computer for long period of time.
i also BE when minor support resistance is broken.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,224
  • Jun 3, 2021 3:42am Jun 3, 2021 3:42am
Usdcad is the worse currency for reversal strategy...within 1 week of shorting...I recover all my loss after waiting for 6 months....
  • #16,225
  • Jun 3, 2021 6:02am Jun 3, 2021 6:02am
Quoting Inthebox
{quote} will analyze whether to exit if there is a strong h1 candle close above round number 1.21. also another sell if price reaches the higher second zone previously mentioned. no hard stop for me unless away from computer for long period of time. i also BE when minor support resistance is broken.
I have sell limit at 1.20840.
  • #16,226
  • Jun 3, 2021 6:18am Jun 3, 2021 6:18am
Quoting jinsen
Usdcad is the worse currency for reversal strategy...within 1 week of shorting...I recover all my loss after waiting for 6 months....
Double edged...if u catch the top or bottom, u can ride on new trend and pocket many green pips for a long while so in this perspective, it becomes a highly rewarding reversal that is worth the long wait

But lets simplify things abit..as long fed keeps bullshit abt they not concerned about rising inflation and as long oil producers are faking a smile at the opec table, this UC is bound to go down n down

The fed's ego is bigger than the ocean. They keep reminding us that they are God or God sent and they keep harping rising inflation is transistory and people wages will soon level.it off. And they always like to put a disclaimer that in case they are wrong, they have all the tools to counter the inflation so in other words, they pretend they are still the Almighty God.
  • #16,227
  • Jun 3, 2021 6:22am Jun 3, 2021 6:22am
Quoting alivepool
{quote} Double edged...if u catch the top or bottom, u can ride on new trend and pocket many green pips for a long while so in this perspective, it becomes a highly rewarding reversal that is worth the long wait
Agree.. I only trade usd/cad and its very revarding when i catch top/bottom of a trend.
  • #16,228
  • Jun 3, 2021 6:35am Jun 3, 2021 6:35am
Quoting Inthebox
sold 1.20673
BE.
sold 1.20696
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,229
  • Jun 3, 2021 8:41am Jun 3, 2021 8:41am
Just take care, USD continues to gain momentum vs CAD. I expect a mild rally going up to 1.22 - 1.23 max over the next couple of weeks.
  • #16,230
  • Jun 3, 2021 11:07am Jun 3, 2021 11:07am
Quoting Inthebox
{quote} BE. sold 1.20696
another sell 1.21136, no more.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,231
  • Jun 3, 2021 11:13am Jun 3, 2021 11:13am
Quoting Inthebox
{quote} another sell 1.21136, no more.
Very strong momentum but im still bearish overall until i see daily break of structure.
  • #16,232
  • Jun 3, 2021 12:45pm Jun 3, 2021 12:45pm
i posted this on the pm thread. will post here also.

looks like usd longs being built here, in advance of non-farm tomorrow. usdcad, cable, euro all looking building $ longs. i'm short silver and long usdcad. i might be in too early, as usual, so some retracement is probable.

let's see.
In tea leaves we trust!
  • #16,233
  • Jun 3, 2021 1:53pm Jun 3, 2021 1:53pm
Quoting Mcbeaners
i posted this on the pm thread. will post here also. looks like usd longs being built here, in advance of non-farm tomorrow. usdcad, cable, euro all looking building $ longs. i'm short silver and long usdcad. i might be in too early, as usual, so some retracement is probable. let's see.
the counter point developing is a strong s&p i'm seeing via ES. ES up and dollar down has been the norm last couple of years. could be tricky trading tomorrow.
In tea leaves we trust!
  • #16,234
  • Jun 3, 2021 3:01pm Jun 3, 2021 3:01pm
Quoting Mcbeaners
{quote} the counter point developing is a strong s&p i'm seeing via ES. ES up and dollar down has been the norm last couple of years. could be tricky trading tomorrow.
ye,i expect some big moves tommorow.
  • #16,235
  • Jun 3, 2021 3:12pm Jun 3, 2021 3:12pm
i think i'm wrong about the dollar move and es is pointing to the opposite. dollar down. i can be fooled by my system on these types of drops and slow recovery. i'm looking to exit my usdcad long and silver short. this might come in the asian market.
In tea leaves we trust!
  • #16,236
  • Jun 4, 2021 3:46am Jun 4, 2021 3:46am
I see a small pullback over next week. Thoughts?

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  • #16,237
  • Jun 4, 2021 4:24am Jun 4, 2021 4:24am
Just keep add short....won't get screw like I did for long.
Been fuck by long that I now anti long...
  • #16,238
  • Jun 4, 2021 4:28am Jun 4, 2021 4:28am
Quoting jinsen
Just keep add short....won't get screw like I did for long. Been fuck by long that I now anti long...
You're too dare to short at the moment. What about if today it go up to 1.22xxx - 1.23 ?
You account will be in large drawdown.
  • #16,239
  • Jun 4, 2021 4:33am Jun 4, 2021 4:33am
Quoting hans91
{quote} You're too dare to short at the moment. What about if today it go up to 1.22xxx - 1.23 ? You account will be in large drawdown.
Looking at weekly, this can go easily up to 1.28-1.30...so why risk a 1000 pip drawdown for a few pips with scalping shorts?
Everyone can see the chart, but only a few can actually read it.
  • #16,240
  • Jun 4, 2021 4:35am Jun 4, 2021 4:35am
Quoting hans91
{quote} You're too dare to short at the moment. What about if today it go up to 1.22xxx - 1.23 ? You account will be in large drawdown.
you are right in the sense that we should be watching the ny news.
those who already shorted make sure you have some kind of risk management.
as for me, i allow myself to lose only what i had already earned this week.
ITB - Seeing Orderliness amongst 'Randomness'
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