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Weekly COT report Analysis + Trade Ideas

  • #521
  • Mar 19, 2010 7:06am Mar 19, 2010 7:06am
Quoting Patience
Yeah, let's have USD/JPY explode upwards. It's only done 104 pips this week. I thought last week was bad with only 144 pips. This is getting ridiculous.
Hi Patience,
today we may see some firework , NY session should be exciting
  • #522
  • Mar 19, 2010 7:07am Mar 19, 2010 7:07am
Quoting Patience
Yeah, let's have USD/JPY explode upwards. It's only done 104 pips this week. I thought last week was bad with only 144 pips. This is getting ridiculous.
Hi Patience,

I heard on CNBC that with witching day, 2/3 times the market goes up so I am hoping the market will go up. and I believe

a) today will be some short squeeze
b) due to witching, market will go up esp at 1500GMT fixing.

Good luck :-)

PS :

I am still short USDCAD with S/L at 1.0130 and TP at 1.0050.

Cheers
  • #523
  • Mar 19, 2010 7:08am Mar 19, 2010 7:08am
Quoting Clouds
hey patience,

it's a tricky pair, in the short-term, parity or 1.06 is just as likely i guess
He, he - well at least the traders that are long the Loonie don't have to worry about intervention.

Nice trade Puks - mind you it did gap
Nothing worth having is easy.
  • #524
  • Mar 19, 2010 7:15am Mar 19, 2010 7:15am
Quoting puks
I am still short USDCAD with S/L at 1.0130 and TP at 1.0050.

Cheers
Good luck. I'm long 1.0120 SL 1.008 TP open
  • #525
  • Mar 19, 2010 7:15am Mar 19, 2010 7:15am
Quoting shahab8b
Hi Patience,
today we may see some firework , NY session should be exciting
G'day Shahab

That divergence and support on the 4 hour USDX played out well. Could eek out some more gains except 1 hour is looking a little toppy.

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-4HOUR-19MAR.jpg Size: 164 KB
Attached Image (click to enlarge)
Click to Enlarge Name: usdx-1hour-19mar.jpg Size: 160 KB
Nothing worth having is easy.
  • #526
  • Mar 19, 2010 7:15am Mar 19, 2010 7:15am
Quoting puks
Hi Patience,

I heard on CNBC that with witching day, 2/3 times the market goes up so I am hoping the market will go up. and I believe

a) today will be some short squeeze
b) due to witching, market will go up esp at 1500GMT fixing.

Good luck :-)

PS :

I am still short USDCAD with S/L at 1.0130 and TP at 1.0050.

Cheers
yeah it seems, U/Cad is going toward your TP but if i were you would TP at 1.0075-80
  • #527
  • Mar 19, 2010 7:22am Mar 19, 2010 7:22am
Quoting puks
Hi Patience,

I heard on CNBC that with witching day, 2/3 times the market goes up so I am hoping the market will go up. and I believe

a) today will be some short squeeze
b) due to witching, market will go up esp at 1500GMT fixing.

Good luck :-)

PS :

I am still short USDCAD with S/L at 1.0130 and TP at 1.0050.

Cheers
Yeah, US futures are green at the moment. Anyone watching EUR/CHF? Shucks, I bet a few were pissed the SNB haven't been around. M.A.C.Doug had the right idea.
Nothing worth having is easy.
  • #528
  • Mar 19, 2010 7:31am Mar 19, 2010 7:31am
Quoting puks
Hi Patience,

I heard on CNBC that with witching day, 2/3 times the market goes up so I am hoping the market will go up. and I believe

a) today will be some short squeeze
b) due to witching, market will go up esp at 1500GMT fixing.

Good luck :-)

PS :

I am still short USDCAD with S/L at 1.0130 and TP at 1.0050.

Cheers
wow Puks!!, well done buddy
  • #529
  • Mar 19, 2010 7:35am Mar 19, 2010 7:35am
I bought U/Cad at 1.0070

let's try to pick the bottom
  • #530
  • Mar 19, 2010 7:36am Mar 19, 2010 7:36am
cad/jpy hits 90 time to think about shorting cad soon IMO, i just bought usd/cad , too, after getting SL'd, moving my stops 1005
  • #531
  • Mar 19, 2010 7:37am Mar 19, 2010 7:37am
Quoting Clouds
cad/jpy hits 90 time to think about shorting cad soon IMO, i just bought usd/cad , too, after getting SL'd, moving my stops 1005
oh, your SL got hit?
  • #532
  • Mar 19, 2010 7:45am Mar 19, 2010 7:45am
Quoting shahab8b
oh, your SL got hit?
yea when the news happen, but i quickly bought it again, aud/usd looks bearish, usd/cad looks maxed out to the downside, at least temp.
  • #533
  • Mar 19, 2010 7:51am Mar 19, 2010 7:51am
Quoting shahab8b
oh, your SL got hit?
do u think this could be the channel , that it broke out a few times , that's how i got idea to buy down there

Attached Image
  • #534
  • Mar 19, 2010 7:59am Mar 19, 2010 7:59am
Quoting shahab8b
wow Puks!!, well done buddy
out at 1.0060.
  • #535
  • Mar 19, 2010 8:06am Mar 19, 2010 8:06am
Quoting Clouds
do u think this could be the channel , that it broke out a few times , that's how i got idea to buy down there

Attachment
it could the channel, but I think something like this,
there no S till .98 and if you consider the triangle measured height, (about 800-900 pips) ,the target may be around 60% of that which will be .97-98
Attached Image (click to enlarge)
Click to Enlarge Name: uc1g.gif Size: 16 KB
  • #536
  • Mar 19, 2010 8:15am Mar 19, 2010 8:15am
I moved SL of my Long U/Cad from 1.0070 to B/E, I dont like getting caught in a wrong counter trend trade
  • #537
  • Mar 19, 2010 8:22am Mar 19, 2010 8:22am
Quoting shahab8b
I moved SL of my Long U/Cad from 1.0070 to B/E, I dont like getting caught in a wrong counter trend trade
what's weird to see is a currency making new highs against the usd, the jpy and cad are only ones that have done that since nov.

we'll in see if 90 holds for cad/jpy (triple top). if it does, usd/cad could very well turn bullish
  • #538
  • Mar 19, 2010 9:34am Mar 19, 2010 9:34am
Quoting Clouds
what's weird to see is a currency making new highs against the usd, the jpy and cad are only ones that have done that since nov.

we'll in see if 90 holds for cad/jpy (triple top). if it does, usd/cad could very well turn bullish

what a bottom picking we did on U/Cad, long from 1.0070 it was a super fast 70 pips, I took short on A/U .9190 , that one seems healthy too
  • #539
  • Mar 19, 2010 10:18am Mar 19, 2010 10:18am
Quoting shahab8b
what a bottom picking we did on U/Cad, long from 1.0070 it was a super fast 70 pips, I took short on A/U .9190 , that one seems healthy too
ha. im short au,too and long uc. yea great day - would be nice see a close above 1.02 for cad, either way the momentum is on usd bulls side
  • #540
  • Mar 19, 2010 2:02pm Mar 19, 2010 2:02pm
Hello,

Im short on the USD/CAD.

I think it will go down sooner or later.
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