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The Jack.Canadia of 2010

  • #1
  • First Post: Edited Apr 19, 2010 2:26pm Dec 26, 2009 9:34am | Edited Apr 19, 2010 2:26pm
I will be trading USD/CAD using mainly H4-chart setups. I've been around here before, posting mainly in the Cable Update Thread and told some of the members there that I would be back and posting in a new thread for 2010.

Expect to see trade setups, forecasts, and documentation of my trades (winners/losers). My methods are quite simple and I hope you find them useful to your strategy.

Enjoy my analysis.
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  • #2
  • Jan 2, 2010 4:01pm Jan 2, 2010 4:01pm
Great to see this thread and I will enjoy your analysis on this pair. Welcome back!
  • #3
  • Jan 12, 2010 12:58pm Jan 12, 2010 12:58pm
Sorry. Been busy getting settled back at school. A trade looks to be setting up in USD/CAD on the 4 hr and I will post sometime soon a trade plan.

-Jack
  • #4
  • Jan 15, 2010 9:37am Jan 15, 2010 9:37am
Quoting jack.canadia
Sorry. Been busy getting settled back at school. A trade looks to be setting up in USD/CAD on the 4 hr and I will post sometime soon a trade plan.

-Jack
This trade did not flourish. However, I am in a trade I took off the daily chart from 1.0235 .. See chart below. My target is yet to be determined.
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  • #5
  • Jan 16, 2010 11:57am Jan 16, 2010 11:57am
Quoting jack.canadia
This trade did not flourish. However, I am in a trade I took off the daily chart from 1.0235 .. See chart below. My target is yet to be determined.
This was the chart I intended to post.
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  • #6
  • Edited 2:57pm Jan 19, 2010 8:39am | Edited 2:57pm
Quoting jack.canadia
This was the chart I intended to post.
I am no net long 1.02785 (20k total).

I am looking to add and will post later on regarding that.
  • #7
  • Jan 19, 2010 6:13pm Jan 19, 2010 6:13pm
Quoting jack.canadia
I am no net long 1.02785 (20k total).

I am looking to add and will post later on regarding that.
Did add to the position. See the pic for my trade as of now.

My net long is 1.02845
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  • #8
  • Jan 20, 2010 7:48am Jan 20, 2010 7:48am
Quoting jack.canadia
Did add to the position. See the pic for my trade as of now.

My net long is 1.02845
I opted for a manual close. See result posted below.

Firsts trade, first big win this year!

Definitely looking to buy again, but on a retracement.
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  • #9
  • Jan 20, 2010 9:18am Jan 20, 2010 9:18am
Quoting jack.canadia
I opted for a manual close. See result posted below.

Firsts trade, first big win this year!

Definitely looking to buy again, but on a retracement.
Here's my plan to buy again. Stalled at my original target!
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  • #10
  • Jan 21, 2010 9:33am Jan 21, 2010 9:33am
Setup on GBPUSD.

Few notes. Test, break and close below daily 200 SMA. 4H chart lower low = confirmation to plan a trade.

See below.
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  • #11
  • Jan 22, 2010 6:32am Jan 22, 2010 6:32am
Quoting jack.canadia
Setup on GBPUSD.

Few notes. Test, break and close below daily 200 SMA. 4H chart lower low = confirmation to plan a trade.

See below.
Order fill at 1.6245 (15k).
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  • #12
  • Edited 5:58pm Jan 22, 2010 9:49am | Edited 5:58pm
Week 1 had no trades.

Two trades this week (long USD/CAD [which would still be a big winner!] and short GBP/USD [missed target by 7 pips so closed manually]) plus some smaller scalp trades. All winners.

Gain since inception = 153% (2 weeks)
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  • #13
  • Edited 5:57pm Jan 22, 2010 12:11pm | Edited 5:57pm
Based on my experience with this pair, I always tell myself that "USD/CAD loves 61.8% retracements after a shift in trend"

This plan is valid only if the TL is not broken first.
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  • #14
  • Jan 24, 2010 11:26am Jan 24, 2010 11:26am
I don't trade this pair, but caught wind of this possibility on another thread. Going to watch it closely.
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  • #15
  • Jan 24, 2010 4:39pm Jan 24, 2010 4:39pm
Quoting jack.canadia
I don't trade this pair, but caught wind of this possibility on another thread. Going to watch it closely.
Long taken.

Gap up after large down move in price = professional gap in price. Bought after the fill.
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  • #16
  • Edited 8:26pm Jan 24, 2010 7:54pm | Edited 8:26pm
Quoting jack.canadia
Long taken.

Gap up after large down move in price = professional gap in price. Bought after the fill.
Took a manual close.

Entered LONG GBP/USD near 1.6100 ... target 1.6150 .. closed manually

Not a bad sunday. I have exams this week so I should stop this trading for tonight. +4.42%
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  • #17
  • Jan 24, 2010 10:03pm Jan 24, 2010 10:03pm
Quoting jack.canadia
Based on my experience with this pair, I always tell myself that "USD/CAD loves 61.8% retracements after a shift in trend"

This plan is valid only if the TL is not broken first.
This is the current play. Waiting. Buy order at 1.0395

Cheers.
  • #18
  • Jan 25, 2010 9:27am Jan 25, 2010 9:27am
Short USD/CAD @ 1.0599 .. T = open SL = 30
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  • #19
  • Jan 25, 2010 10:55am Jan 25, 2010 10:55am
Quoting jack.canadia
Took a manual close.

Entered LONG GBP/USD near 1.6100 ... target 1.6150 .. closed manually

Not a bad sunday. I have exams this week so I should stop this trading for tonight. +4.42%
I should learn to hold winners.
  • #20
  • Jan 25, 2010 4:09pm Jan 25, 2010 4:09pm
Quoting jack.canadia
Short USD/CAD @ 1.0599 .. T = open SL = 30
USD/CAD still in play. Partial taken and stop at BE.

GBP/USD trade plan in the works. Plan is negated if there is a close above the 50% fib.
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