Since the beginning of the thread this pair dropped +-400 pips and i still see people saying " I am going long here"... Oh boy, keep those longs coming, i love it
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Disliked1.0700 is so close. Lets see what US Consumer Confidence brings. Would be no sense to go long here. We have CAD Current Account and US ADP tomorrow. US and CAD GDP on Thursday, Chicago PMI... well, Ill hold my shorts.Ignored
Disliked1.0700 is so close. Lets see what US Consumer Confidence brings. Would be no sense to go long here. We have CAD Current Account and US ADP tomorrow. US and CAD GDP on Thursday, Chicago PMI... well, Ill hold my shorts.Ignored
DislikedI'm off my short positions. Gonna wait for the consilidation in the 07s. Previous bottom 0775 during the week is where I'll start loading the truck again. Or breach of today's low tomorrow... Whitchever comes first.
Cya.Ignored
DislikedIt's being doing this since 1.1000 after cracking round figures...But profits today were too fast not to be taken...Could I be wrong? surely. So I'm watching for that consolidation to take place first. Ore breach of today's low in the next days.Ignored
DislikedIt's being doing this since 1.1000 after cracking round figures.
BOC statement was just one "tick" less hawkish than rasing rates. Bias remain bearish in the short term.
But profits today were too fast not to be taken. I mean, if someone throws a pack of cash at you what would you do? I take it and RUN
Could I be wrong? surely. So I'm watching for that consolidation to take place first. Ore breach of today's low in the next days.Ignored
DislikedI agree cesarnc, to close now and be patient. Also, 1.0700 could be a hard level to break as both a weekly and monthly pivot are there.Ignored
DislikedAgreed... this website (quoted below) from which I get market commentaries, has the strategy of going full long from now... Well, last week they had the strategy of covering shorts at 0800 and go long, too
They just issued this. Can you smell the concern in it?
"10:44 We are hearing of large stops building in USD/CAD below 1.0690, which is where we have the stop placed for the current long in the Weekly Strategy. The low so far has been 1.0710/15 and today's close will be very important to gauge the significance of the move down after the BOC rate statement."Ignored
DislikedDear Revoke,
Would you explain to me what's the relation between US/CAd and CAd/Yen?
thanksIgnored