USD/CAD Trading Room | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

USD/JPY Trading Room 34 replies

GBP CAD room FOR Specialist 5 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD Trading Room
Exit Attachments

USD/CAD Trading Room

  • #261
  • Jan 26, 2010 9:51am Jan 26, 2010 9:51am
the trade weight index is strong between these two curriencies so is a good trade pair

buy the usd/cad

on this one

cad is really weak
  • #262
  • Jan 26, 2010 3:06pm Jan 26, 2010 3:06pm
hello peeps,
I have been trading since 2007,Well this is my first post on this blog.
According to my analysis
Short Usd/cad for -1.0525.(TP)
Stop Loss -1.0715
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad- 26-01-2009.gif Size: 15 KB
  • #263
  • Jan 27, 2010 4:20am Jan 27, 2010 4:20am
Quoting Darjee
hello peeps,
I have been trading since 2007,Well this is my first post on this blog.
According to my analysis
Short Usd/cad for -1.0525.(TP)
Stop Loss -1.0715
hello my name ryan swan aka swano

how did you get to usd / cad being short

what indicators or fundermentals did you use

see if we can help each other out
  • #264
  • Edited 6:18am Jan 27, 2010 5:42am | Edited 6:18am
Quoting swano
hello my name ryan swan aka swano

how did you get to usd / cad being short

what indicators or fundermentals did you use

see if we can help each other out
hi Swano
Nice to meet you. well if you look on the chart there is strong daily restance trendline going though 1.0660. Stochasctics are overbought on daily chart. Accoding to my analysis it should retrace to level of 1.052, which is fibonacci retracement of 61.8%.
  • #265
  • Jan 27, 2010 9:24am Jan 27, 2010 9:24am
Quoting Darjee
hi Swano
Nice to meet you. well if you look on the chart there is strong daily restance trendline going though 1.0660. Stochasctics are overbought on daily chart. Accoding to my analysis it should retrace to level of 1.052, which is fibonacci retracement of 61.8%.
Hi Darjee

I dont have any proof and I wont give the details of my strategy till the time that its completely tested. However there is no reason for a SHORT trade at the moment unless you re using a predictive method of trading.

Anyway I see that your stop-loss must be at a decent level. 1.0705 is the real test as per my strategy. I dont see a retrace today.
  • #266
  • Jan 27, 2010 1:36pm Jan 27, 2010 1:36pm
Quoting neo1599
Bought USD/CAD @ 1.0639 TP: 1.0705

I have taken this trade based on a strategy I am testing.

1.0639 is resistance for uptrend on the weekly charts(according to my analysis, not confirmed) I will keep a close eye on PA from here till NY session end. SL: 1.0592
Hey Neo, you get stopped out yesterday afternoon? Must have been pretty close either way...
  • #267
  • Jan 27, 2010 1:46pm Jan 27, 2010 1:46pm
Hi Guys,

I'm new in here & forex, please come to my journal here:
http://www.forexfactory.com/showthre...09#post3405109.
Guys, please share with me about loonie and U can share or teach me how to make good analysis to make profit.

Thanks!
  • #268
  • Jan 28, 2010 5:43am Jan 28, 2010 5:43am
Quoting Vengeance
Hey Neo, you get stopped out yesterday afternoon? Must have been pretty close either way...
Didn't get stopped out. I closed my trade at news time when the price went close enough to my target.

My strategy still says Long but looks like a risky trade to take especially with the unemployment news etc scheduled for today. As of now I have a very small Short just to test the water.
  • #269
  • Jan 28, 2010 6:19am Jan 28, 2010 6:19am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Looney, trendline res@ 1.065xx and support 1.054xx.


We would like to see a break above or below these levels to either go long or short.

If you are brave enough can play the tight range when the top and bottom is reached. http://cdn.forexfactory.com/images/s.../yim/happy.gif
Attached Image (click to enlarge)
Click to Enlarge Name: uc_daily.gif Size: 18 KB
  • #270
  • Jan 28, 2010 9:34am Jan 28, 2010 9:34am
Hello

I am adding Short positions now with an SL above 1.0720 Target 1: 1.0446 Target 2: 1.0333 Target 3: 1.0250. Tomorrow to 1.0475 according to my analysis.

Again this is based on strategy I am testing its in initial stages and should not be followed.
  • #271
  • Jan 28, 2010 12:22pm Jan 28, 2010 12:22pm
I'm taking a small short in this area with a Stop at 1.075, target is below 1.03

On the yearly timeframe:
Attached Image (click to enlarge)
Click to Enlarge Name: USD.CAD - 1 year.png Size: 37 KB

On the montly timeframe:
Attached Image (click to enlarge)
Click to Enlarge Name: USD.CAD - 1 month.png Size: 47 KB


Wtih Bernake's "thing" today, and GDP numbers tomorrow, there is a lot of even risk. Although, those events are what may kick price to resume the downtrend.
  • #272
  • Jan 28, 2010 4:58pm Jan 28, 2010 4:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: forex.gif Size: 17 KB

----------------

Identify significant levels
  • #273
  • Feb 3, 2010 6:28pm Feb 3, 2010 6:28pm
Went Long @ 1.06214.
  • #274
  • Feb 3, 2010 6:57pm Feb 3, 2010 6:57pm
Took the quick 10 PIPS and exited.
  • #275
  • Feb 3, 2010 11:57pm Feb 3, 2010 11:57pm
Quoting yorygog
Took the quick 10 PIPS and exited.
Gotta take what you can get and 10 pips is 10 pips! I gotta ask, though; what made you go long at 1.0621? Seems like an odd place to get long at... Just my thoughts on that, so please don't take any offense.

Cheers

Veng.
  • #276
  • Feb 4, 2010 4:46am Feb 4, 2010 4:46am
I did something that I rarely do and that was to trade off the 1 minute chart. At the time I had it ranging between 1.0581---1.0637 ( not on the 1 minute chart ). I decided to take a stab at it anyway and like you said 10 PIPS is 10 PIPS.

Cheers!
  • #277
  • Feb 4, 2010 7:56am Feb 4, 2010 7:56am
Shorted @ 1.06268.
  • #278
  • Feb 5, 2010 4:07am Feb 5, 2010 4:07am
Added LONGS at 1.0701.

Based on strategy being evaluated.
  • #279
  • Feb 5, 2010 4:35am Feb 5, 2010 4:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey Folks...

I am a pound fan recently started trading most currencies.

Not sure what the outcome will be after NFP but I think we should retrace some, whole world is buying the dollar, and we can see short week for the dollar next week! That's not guranteed though

Anyway, these are thoughts only and I trade what the chart says...

My opinions are posted on my thread but here is the UC chart and i am long since 1.066 target is 1.08.

I only intend to trade long for $ currencies, buy the dips.

ta
ams
Attached Image
  • #280
  • Feb 5, 2010 9:15am Feb 5, 2010 9:15am
Quoting yorygog
Shorted @ 1.06268.
Toook a 79 PIP loss on that one.

I hear news that China will be replacing the Greenback with the CAD. Any thoughts?

I do not trade this pair that often.

I am itching to go SHORT on this pair..

Take it for what is worth---I did just lose 79 PIPS on my last trade.

0 traders viewing now