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USD/CAD

  • #16,721
  • Apr 26, 2022 8:15am Apr 26, 2022 8:15am
waiting to sell
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,722
  • Apr 28, 2022 2:06am Apr 28, 2022 2:06am
Long 17 Postions Avg: 1.21605

Target 1: 1.32555

Target 2: 1.35600

Target 3: 1.40800
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Bulls Run. Bears Bite. We Profit.
  • #16,723
  • Apr 28, 2022 2:28pm Apr 28, 2022 2:28pm
one of the best my entries(till this moment ) this week!, trend/channel edge!

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H
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #16,724
  • Apr 29, 2022 7:14am Apr 29, 2022 7:14am
I think that the rally isn't over yet. Next week could be super bullish for the USD after the FOMC meeting.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,725
  • Apr 29, 2022 10:32am Apr 29, 2022 10:32am
Commodity currencies are getting hit again, trapping bulls who thought that there would be a recovery with stocks
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,726
  • Apr 29, 2022 1:08pm Apr 29, 2022 1:08pm
Quoting ForexGoose
I think that the rally isn't over yet. Next week could be super bullish for the USD after the FOMC meeting. {image}
Be cautious about that thinking - reasoning is this:

Many traders have heard the rumor that the FED will raise 0.75% at the FOMC meeting rather than just the 0.5% increase - that is why the DXY has taken off this week.

Now if the FED only raises rates by 0.5% and many were expecting 0.75% it "could" produce a rip roaring drop in DXY to at least the 38% retracement level of this move from March 31 to today 97.0 to 103.3.

The 38% fib would be 101.50.

IF that retracement occurs, which I believe it will, that would produce rallies in Cable and Euro - however short lived...
...because you never know - until you do!
  • #16,727
  • Apr 29, 2022 1:41pm Apr 29, 2022 1:41pm
Quoting fxsport
{quote} Be cautious about that thinking - reasoning is this: Many traders have heard the rumor that the FED will raise 0.75% at the FOMC meeting rather than just the 0.5% increase - that is why the DXY has taken off this week. Now if the FED only raises rates by 0.5% and many were expecting 0.75% it "could" produce a rip roaring drop in DXY to at least the 38% retracement level of this move from March 31 to today 97.0 to 103.3. The 38% fib would be 101.50. IF that retracement occurs, which I believe it will, that would produce rallies in Cable and...
https://www.investors.com/research/i...cent-increase/

there could be a rally
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,728
  • Apr 30, 2022 11:40pm Apr 30, 2022 11:40pm
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  • #16,729
  • May 1, 2022 3:06pm May 1, 2022 3:06pm
USDCAD price action on the daily time frame is ranging within a wedge (purple), and presently at the wedge resistance trendline. It is also at the 1.28620 horizontal resistance area (red) seen on the monthly time frame. Recent price action favours bulls more than bears, and we may see a northward market engineering in the early part of this week before any southward turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #16,730
  • May 2, 2022 10:30am May 2, 2022 10:30am
Good Morning Everyone. I just joined this thread. Have a trade on... Have sell. ... thinking it would go down.... Might still later on...
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #16,731
  • May 3, 2022 8:36am May 3, 2022 8:36am
Just waiting to see what will happen next...
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #16,732
  • May 3, 2022 2:15pm May 3, 2022 2:15pm
trend change above 1.30 is possible
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,733
  • May 7, 2022 10:16am May 7, 2022 10:16am
Next week should be bullish for USD/CAD if stocks continue to sell after the U.S. CPI report, causing a break of the 1.30 level. I wouldn't sell anywhere from current levels in the near term. Buying dips makes more sense with a stop loss under the 100 or 200 DMA.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,734
  • May 8, 2022 3:11pm May 8, 2022 3:11pm
USDCAD price action on the daily time frame has closed above the 1.28876 area – an area it had failed to close above despite several days of bullish challenge. We may see further northward move to an area of value, such as the immediate 1.30280 horizontal resistance.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #16,735
  • May 8, 2022 8:57pm May 8, 2022 8:57pm
Looks bullish and it could easily break 1.295 to reach above 1.30 soon
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,736
  • May 9, 2022 3:11am May 9, 2022 3:11am
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #16,737
  • May 9, 2022 11:02am May 9, 2022 11:02am
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,738
  • May 9, 2022 11:10am May 9, 2022 11:10am
Quoting ForexGoose
{image}
I'm just thinking about RR.
  • #16,739
  • May 9, 2022 11:15am May 9, 2022 11:15am
Quoting tiborf71
{quote} I'm just thinking about RR.
risk = account balance * 10%

manage leverage and you won't have to think at all

leverage should be 1:10 max for serious traders, rookies use high gambling leverage
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,740
  • May 9, 2022 11:25am May 9, 2022 11:25am
Quoting ForexGoose
{image}
it is a mistake that high leverage is detrimental.
if you know what you're doing then it's your friend.
what do you think you can tell the RR ratio if you look at this chart?
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