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USDCAD trend reversal?

  • #561
  • Jun 7, 2007 9:59am Jun 7, 2007 9:59am
Quoting cesarnc
100 hour ema + I'm selling USD rallies in USDCAD. Next would be 0650, never happened.... No new lows today, I TP and reduce position for the next round
loading up more shorts @ 0630 i presume? (and above)
BAM BAM BOOM! -bravado
  • #562
  • Jun 7, 2007 10:01am Jun 7, 2007 10:01am
Quoting bravado
loading up more shorts @ 0630 i presume? (and above)
just loaded 0611, the ema now... but dollar is rallying yet.... let's where it goes... USDCAD will have direction tomorrow with the news, I would guess
  • #563
  • Jun 7, 2007 10:31am Jun 7, 2007 10:31am
Quoting cesarnc
just loaded 0611, the ema now... but dollar is rallying yet.... let's where it goes... USDCAD will have direction tomorrow with the news, I would guess
at this point you should not be loading anymore short. you already have enough.

stay put.
BAM BAM BOOM! -bravado
  • #564
  • Jun 7, 2007 10:33am Jun 7, 2007 10:33am
Quoting bravado
at this point you should not be loading anymore short. you already have enough.

stay put.
That previous 0620 I TP's already at the 0585 stall
  • #565
  • Jun 7, 2007 10:41am Jun 7, 2007 10:41am
Quoting cesarnc
That previous 0620 I TP's already at the 0585 stall
nice.
BAM BAM BOOM! -bravado
  • #566
  • Jun 7, 2007 10:45am Jun 7, 2007 10:45am
Quoting bravado
nice.
USDCAD is not making new lows for a while... So I sell USD rallies and TP when it stalls. That let me inline in case those big home runs come....

Also helps me with a few pips to nurse my dreaded carry trades
  • #567
  • Jun 7, 2007 12:04pm Jun 7, 2007 12:04pm
nice move cad/jpy , it seems the waited retracement is coming for the loonie, break of 0645 double bottom and downtrenline from 1169
  • #568
  • Jun 7, 2007 12:33pm Jun 7, 2007 12:33pm
I hope you guys have your stops above 1.0690/1.0700. It looks like the greenbuck is finally taking a breath or .......
Attached Image (click to enlarge)
Click to Enlarge Name: cad, 6-7.gif Size: 16 KB
  • #569
  • Jun 7, 2007 12:39pm Jun 7, 2007 12:39pm
I'm long :O
Target: 1.0680
  • #570
  • Jun 7, 2007 4:24pm Jun 7, 2007 4:24pm
usdcad making some new highs.
BAM BAM BOOM! -bravado
  • #571
  • Jun 7, 2007 5:50pm Jun 7, 2007 5:50pm
I'm long. I'm all in.
When I buy it, it moves down. When I sell it, it moves up.
  • #572
  • Jun 7, 2007 5:52pm Jun 7, 2007 5:52pm
Quoting pujolshomerun
I'm long. I'm all in.
Thanks.. I'm trading your signature now
  • #573
  • Jun 7, 2007 5:54pm Jun 7, 2007 5:54pm
Quoting pujolshomerun
I'm long. I'm all in.
your signature.
BAM BAM BOOM! -bravado
  • #574
  • Jun 7, 2007 6:30pm Jun 7, 2007 6:30pm
Nice pin-bar forming in the 4hr chart, after the rejection off the highs...

I Tp'd last short 0650 at 0615, now waiting for confirmation to sell again...

Still holding other positions though...

30 min to go.
  • #575
  • Jun 7, 2007 6:49pm Jun 7, 2007 6:49pm
Quoting cesarnc
Nice pin-bar forming in the 4hr chart, after the rejection off the highs...

I Tp'd last short 0650 at 0615, now waiting for confirmation to sell again...

Still holding other positions though...

30 min to go.
Yeah, the 1H drew a nice pin/doji at 18:00 EDT.

I'm testing a new system, so paper traded short at close of 19:00 EDT candle, which was 1.0634. Recording as 1.0631 for a more "realistic" entry.
  • #576
  • Jun 8, 2007 5:46am Jun 8, 2007 5:46am
USD/CAD 1st target @ 1.0680 reached. Let's see if the news would be enough to push the price through the resistance @ 1.0690/00
  • #577
  • Jun 8, 2007 6:10am Jun 8, 2007 6:10am
All-out USDCAD... Stinking news + USD bullish sentiment... Looking for a better price to build new short positions...
  • #578
  • Jun 8, 2007 6:15am Jun 8, 2007 6:15am
Quoting cesarnc
All-out USDCAD... Stinking news + USD bullish sentiment... Looking for a better price to build new short positions...
cesar,

Not that bad, the news that is, the losses were in temp jobs but the permanent jobs were up 32k. In any event I like this pullback, that just makes for better short entry levels.
Patience + Humility + Study = Success
  • #579
  • Jun 8, 2007 6:16am Jun 8, 2007 6:16am
Lower than expected increase in Canadian employment pushed the rate higher. A move above the reported offers between 1.0690/1.0710 will open the door toward 1.0750/60.
  • #580
  • Jun 8, 2007 6:20am Jun 8, 2007 6:20am
Quoting DutchTrader
cesar,

Not that bad, the news that is, the losses were in temp jobs but the permanent jobs were up 32k. In any event I like this pullback, that just makes for better short entry levels.
Yeah, actually I meant that the news didn't inspire new USDCAD shorts. And USD bulls are hitting the market for days already... So we'd better stay off until further indication here - for CAD long or USD short eventually...

The 10yr Treasury, that ignited the dollar bulls yesterday is still soaring, already highest in 5 years...

I'm now for another round of dollar buyings until the end of the session... The bad news is that next week is a incognito to me now...
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