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USDCAD trend reversal?

  • #3,621
  • Nov 23, 2010 4:44pm Nov 23, 2010 4:44pm
Quoting Cdawg
Trade is on track so far, now will we get over the .0240 area, if so next stop .0350-80 area...

Happy trading
Still holding, keep getting rejected off the .0240ish level since November 4th.. lol.. probably should have closed it at .0250 area..

Trade SL set at +100 so either way green pips

Maybe the news will swing it my way tomorrow
  • #3,622
  • Nov 23, 2010 5:30pm Nov 23, 2010 5:30pm
Gonna watch E/CAD for possible sell <1.3655.

Cad had some good #s while E still has still to deal with Ireland et al.

CDAWG: I be avoiding U/Cad (cuz, I ain't going to be at my computer tomorrow & don't know who is going to frigging bomb their neighbour tonight)

I like yer 0250 resistance area for possible buy.

May your pips be green
  • #3,623
  • Nov 23, 2010 6:20pm Nov 23, 2010 6:20pm
similar reasoning wrt G/Cad.

6030 possible:nerd:
  • #3,624
  • Nov 24, 2010 4:56pm Nov 24, 2010 4:56pm
Quoting Scarecru
Gonna watch E/CAD for possible sell <1.3655.

Cad had some good #s while E still has still to deal with Ireland et al.
May your pips be green
Yeppers- pip gods were smiling on that one.

Gonna watch for break of 3459 Prev supp on 9/20
  • #3,625
  • Nov 24, 2010 5:06pm Nov 24, 2010 5:06pm
Quoting Scarecru
similar reasoning wrt G/Cad.

6030 possible:nerd:
Love when the mkts listen to TA

Prev supp (10/13) 5955 break & up TL (10/25-11/10) broken {Dtf}

I be selling
  • #3,626
  • Nov 24, 2010 6:47pm Nov 24, 2010 6:47pm
G/CAD: Daily- up TL (9/14-10/13).

When $ closes <5901 on 15m. That be a sell for me.
  • #3,627
  • Nov 25, 2010 3:56am Nov 25, 2010 3:56am
guys, i read this on my oanda fx news but my economic english is not so good can you guys tell me what it mean?
here is the news :
"Downside pressures are evident again intraday with attempts to lift capped by the 21-day MA on the topside. Daily charts show scope for price to extend weakness and we are looking for opportunities to set short trades. Sell another 21-day MA rejection of go with a break of 1.0070 for the base of the Bollinger band at 1.9965. (AS)
Copyright 2010 Thomson Reuters - IFRMarkets"
  • #3,628
  • Nov 25, 2010 4:11am Nov 25, 2010 4:11am
Quoting yeri
guys, i read this on my oanda fx news but my economic english is not so good can you guys tell me what it mean?
here is the news :
"Downside pressures are evident again intraday with attempts to lift capped by the 21-day MA on the topside. Daily charts show scope for price to extend weakness and we are looking for opportunities to set short trades. Sell another 21-day MA rejection of go with a break of 1.0070 for the base of the Bollinger band at 1.9965. (AS)
Copyright 2010 Thomson Reuters - IFRMarkets"
They say their bias is down according to daily chart. Price has been rejected @ 21-day MA so they'll try to short again from there or short on a break of 1.0070 for a target of 1.9965.
You have to get used to their mumbo jumbo, that makes them sound smart and if it doesn't work out, no one is the wiser
  • #3,629
  • Nov 25, 2010 5:15pm Nov 25, 2010 5:15pm
CAD on D chart: sto down (<signal).

adding sells @0075.

If these be triggered, then Beaver buys to be considered

I trade wrt Daily charts, so H 15M charts could give Newbies buy signals

"Keep yer stick on the ice"
& green pips to all (cept brokers)
  • #3,630
  • Nov 25, 2010 6:34pm Nov 25, 2010 6:34pm
Quoting pqt
They say their bias is down according to daily chart. Price has been rejected @ 21-day MA so they'll try to short again from there or short on a break of 1.0070 for a target of 1.9965.
You have to get used to their mumbo jumbo, that makes them sound smart and if it doesn't work out, no one is the wiser
thanks pqt, thats the hard one to understand their mumbo jumbo, especially when they want to short but they also said "FLAT" trend today at their forecast.
  • #3,631
  • Nov 26, 2010 6:14am Nov 26, 2010 6:14am
I woke up to a green Friday. Have a great weekend all. I'm done.
Si vis pacem, para bellum.
  • #3,632
  • Nov 27, 2010 1:34am Nov 27, 2010 1:34am
Hey Scare!

Long time no post... Pqt's interpretation was bang on. Pete's analysis is solid stuff. That said, i've always found their USDCAD analysis, although solid, to be...not the most apt nor timely and to be quite honest, I would not follow it at all. Nonetheless, when Pete speaks, he generally has great wisdom to impart!

Quoting pqt
They say their bias is down according to daily chart. Price has been rejected @ 21-day MA so they'll try to short again from there or short on a break of 1.0070 for a target of 1.9965.
You have to get used to their mumbo jumbo, that makes them sound smart and if it doesn't work out, no one is the wiser
  • #3,633
  • Nov 27, 2010 5:43am Nov 27, 2010 5:43am
Quoting yeri
thanks pqt, thats the hard one to understand their mumbo jumbo, especially when they want to short but they also said "FLAT" trend today at their forecast.
Well, of course, since price has blasted thru the 21MA now! In my opinion, this pair is so choppy intraday that the only sensible way to trade it is playing the range (currently ~1.03-0.995)
  • #3,634
  • Nov 27, 2010 5:06pm Nov 27, 2010 5:06pm
Yo VENGE truly great to read you again

The pip gods are good to you (I hope).
Where you been?

Gonna take a break this wkd & put a long on the Green Riders vs Als (hoping that DUCE hasn't shorted this pair)

Big issue for me this weekend is Korea.

Keep yer stick on the ice Venge.
  • #3,635
  • Edited 5:49am Nov 28, 2010 5:31am | Edited 5:49am
Nice triangle to trade on USDCAD. Looking for a convincing H4 close to the upside....or a clear rejection. Will be watching EU as an indicator for this trade re USD strength/weakness.
Cheers
CanuckCT
Attached Image (click to enlarge)
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  • #3,636
  • Nov 28, 2010 5:59pm Nov 28, 2010 5:59pm
WRT Canuckct's post:

On Dtf: STO is up .
The posted 4H triangle looks probable for up break.

Possible BuyStop @ 0250 (Fri H + spread)
  • #3,637
  • Nov 28, 2010 6:09pm Nov 28, 2010 6:09pm
Tie game at 11-11! I'm sure the last quarter should see the riders do something stupid like last year!


Quoting Scarecru
Gonna take a break this wkd & put a long on the Green Riders vs Als (hoping that DUCE hasn't shorted this pair)
  • #3,638
  • Nov 29, 2010 7:02am Nov 29, 2010 7:02am
Quoting CanuckCT
Nice triangle to trade on USDCAD. Looking for a convincing H4 close to the upside....or a clear rejection. Will be watching EU as an indicator for this trade re USD strength/weakness.
Cheers
CanuckCT
What's your EU indicator saying?
Si vis pacem, para bellum.
  • #3,639
  • Nov 29, 2010 7:37am Nov 29, 2010 7:37am
Buy the break of USDCAD and sell EURUSD.
Cheers
CanuckCT

Quoting Duce
What's your EU indicator saying?
  • #3,640
  • Nov 29, 2010 3:50pm Nov 29, 2010 3:50pm
DUCE/ Canuck:

split the difference

Sell E/CAD

broke 62% fib ( Sept 10-Oct 25) lo/hi last week.
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