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USDCAD trend reversal?

  • #3,661
  • Dec 7, 2010 9:41pm Dec 7, 2010 9:41pm
Out at 1.0125 and now looking to buy dips again... 1.0080-1.0100 is my initial buy in area with target being 1.0150 and depending how things look, 1.0190-1.0200.

Quoting Scarecru
Yo Venge: great post!

Agree with your #s.

BoC rate hold & dove statements= you be spot on.

FYI (hope it helps) OZ & KIWI look like they may drop ( vicey-versey Loonie) China may be tightening their policies.

4H: down TL break (gives poss TPP 1.0226)
0115 is 38% fib
0143 is 200 ema/50% fib confluence point.
$ @ 50 ema
Dtf: STO is o/s & X'd up signal.

I am long (well,as in us/cad)

Stay in green pips.

Keep yer stick on the ice & I shall be asking Santa for a cup
  • #3,662
  • Dec 9, 2010 8:06pm Dec 9, 2010 8:06pm
Break 0150 up is key!

Otherwise, loonie be below parity & I save my poutine
  • #3,663
  • Dec 9, 2010 8:20pm Dec 9, 2010 8:20pm
I haven't been trading too actively this week, but I notice that the week has been relatively boring. I'm looking at my daily charts and the last 3 candles really don't give an indication other than stalling the slight uptrend that started on Dec. 3rd. What are you thoughts?
Si vis pacem, para bellum.
  • #3,664
  • Dec 9, 2010 10:32pm Dec 9, 2010 10:32pm
Quoting Scarecru
Break 0150 up is key!

Otherwise, loonie be below parity & I save my poutine
still buying dips?
  • #3,665
  • Dec 9, 2010 11:48pm Dec 9, 2010 11:48pm
Hi guys

Yeah it's been a pretty 'exciting' week...*yawn*...So boring that I have lost track how many times I have scalped the 1.0080 (give or take 10-20) - 1.0130 (again give or take a handful). Got out of my last long from this morning mid-aftn.

Dailies look neutral but I'm still biased for USD strength going into xmas so am done range trading this pair and will look to build a nice large pos. anywhere from 1.0005-1.0030. Crossing my fingers that we get there sooner than later! Likewise, looking to get a nice, large, short EUR/USD pos. going too...Not quite sure where though...

Was going to short it at 1.3310 area last night but felt it might get up to 1.3350/75 so put and order at 50 & 70 and went oto bed...A bit annoyed it didn't do me a favour and move higher before dropping, but such is life! Now just toying with where I want to try and enter... If there are any out there who find that they get into a position and it immediately goes against them, please let me know levels you are looking at in EUR/USD!!!
  • #3,666
  • Dec 10, 2010 2:37am Dec 10, 2010 2:37am
http://kiprushov.files.wordpress.com...12/image27.png
  • #3,667
  • Dec 11, 2010 4:45pm Dec 11, 2010 4:45pm
Quoting Duce
I haven't been trading too actively this week, but I notice that the week has been relatively boring. I'm looking at my daily charts and the last 3 candles really don't give an indication other than stalling the slight uptrend that started on Dec. 3rd. What are you thoughts?
DUCE: just scalpin' Hr with 2X6 ema.

Dtf: either long > 0145 { one of Venge's numbers} or sell @0078.

Dly chart still bearish & could be quiet with Christmas anearing.

Beaver daily. past 3 days 83.16 was resistance.
83.30 is break of down TL.


See what Sunday night & impact of china news to plan trades.

Keep yer stick on the ice & hold yer gold/man-sacks.
  • #3,668
  • Dec 11, 2010 4:52pm Dec 11, 2010 4:52pm
Quoting yuan83
still buying dips?
Yo Yuan: nope just awaiting break of 0145 or short 0078.

Gonna search the OPEC news to see if any clues for oil pa.
  • #3,669
  • Dec 11, 2010 7:59pm Dec 11, 2010 7:59pm
Quoting Scarecru
Yo Yuan: nope just awaiting break of 0145 or short 0078.

Gonna search the OPEC news to see if any clues for oil pa.
i see... a symmetrical triangle forming. china interest rate will prob move the pair
  • #3,670
  • Dec 13, 2010 6:57pm Dec 13, 2010 6:57pm
4H: sell stop @0063 (last candle lo - spread)

Htf: 0082 is 50 ema (heading down).

FOMC tomorrow - may cause turbulence for a spell; but Teks longer term
say "parity possible".

DUCE do ya remember last Christmas when I asked Santa for parity

Well, my longer trades have this view & be forewarned that I have already forwarded my letter to the BIG GUY that this is numero uno on my wish list.

Hey VENGE, you may want to get a piece of this: same bet-

If parity (us/cad) is NOT achieved before my beloved Leafs win the Stanley Cup; poutine for all contributors to the thread
  • #3,671
  • Dec 13, 2010 7:09pm Dec 13, 2010 7:09pm
Quoting Scarecru

If parity (us/cad) is NOT achieved before my beloved Leafs win the Stanley Cup; poutine for all contributors to the thread
You did not just say win the cup and leafs in the same sentence!!!! And poutine is for the habs fans.. haha

I'm buying... orders stilling ready to be bought, for the trip back to 1.07+

doubling lots every 100 pips or so..
  • #3,672
  • Dec 13, 2010 7:55pm Dec 13, 2010 7:55pm
DUCE & VENGE:

Strolled down memory lane.

Dec 14 2009, loonie opened @ 1.0587.

Today, Chilecon (Carney)was dovish & lamented strength of loonie ( but wtf can he do about the anti-us$ sentiment?).

Now we gotz Moodies et al talking about lowering US credit rating

" Dear Santa: I have been really, really good this year.
I have tried to assist others.
I refrained from beastiality ( a tough one; but, I persevered!)
So please bring me gold & silver ingots this year
  • #3,673
  • Dec 13, 2010 8:51pm Dec 13, 2010 8:51pm
Quoting Cdawg
You did not just say win the cup and leafs in the same sentence!!!! And poutine is for the habs fans.. haha

I'm buying... orders stilling ready to be bought, for the trip back to 1.07+

doubling lots every 100 pips or so..
Sir/Madam/or Transgender(no offense; gotta respect the HRC or ya/be screwed)
Did indeed have "leafs" & "Cup" in same sentence.Knew it be a safe bet.
{parity before Stanley}. Poutine is "brain food" for Hab fans.

Might I ask why 1.07? If you have good info, I am right behind you (you may not like it;however, you may
  • #3,674
  • Dec 14, 2010 7:43pm Dec 14, 2010 7:43pm
Dtf: < 0027 sell as STO headin' down.
sym triangle in down trend.
down TL ( 12/8-14) 0102 stop.

>0280 (200 ema) I shall cross-over to the dark side ( bulls with 1.07xx target as per dawg). Sure wish I knew why the posit was made
  • #3,675
  • Dec 15, 2010 7:22pm Dec 15, 2010 7:22pm
To parity or not to parity? That is the question. (with apologies to Will S)

Is pa going to support yet again or will $ go to 9996/28 afore heading north?

STO on Wkly heading south.

Trying to figger fundeementals like a dog chasing its tail. Ya just go in circles.
Mayhaps, loonie is bought for the interest rate spread
  • #3,676
  • Dec 20, 2010 4:45pm Dec 20, 2010 4:45pm
Well with a little patience that EUR/USD I missed on round one wasn't all bad as I got short at a better rate - 1.3470. Gonna let this one play out and see if I can ride it as low as 1.26 or so...If we get back to the 1.29s and depending on PA I might think about taking some profits there. Obviously, I feel euro has a bit more weakness in it.

USD/CAD was able to build myself a nice long at 1.0012 and will just sit on that as well. Looking for 1.0240 to assess the trend (assuming it continues to push higher) with my optimistic target kicking in the 1.03s...and very optimistic target circa 1.05 where, should we be so fortunate as to get there, I will likely short the hell out of it (again assuming nothing really changes).

Merry Christmas all and safe trading in these illiquid environs!!!
  • #3,677
  • Dec 24, 2010 7:46pm Dec 24, 2010 7:46pm
Quoting Vengeance
Well with a little patience that EUR/USD I missed on round one wasn't all bad as I got short at a better rate - 1.3470. Gonna let this one play out and see if I can ride it as low as 1.26 or so...If we get back to the 1.29s and depending on PA I might think about taking some profits there. Obviously, I feel euro has a bit more weakness in it.

USD/CAD was able to build myself a nice long at 1.0012 and will just sit on that as well. Looking for 1.0240 to assess the trend (assuming it continues to push higher) with my optimistic target kicking in...
Merry Christmas Venge.

Looking @ E Dtf have AB=CD with 1.2646 TPP.

Two fx traders that I plied with my Christmas poutine (rum & eggnog gravy) suggest they are eyeballing a 0.85xx & possible 0.75xx target.

They also, are not ruling out Euro going the way of the dodo.

My wish for 2011 is that the Human Rights Commission is charged with criminal assault on Common Sense! Found guilty & subjected to euthanasia.
  • #3,678
  • Dec 24, 2010 7:51pm Dec 24, 2010 7:51pm
Quoting Scarecru
Merry Christmas Venge.

Looking @ E Dtf have AB=CD with 1.2646 TPP.

Two fx traders that I plied with my Christmas poutine (rum & eggnog gravy) suggest they are eyeballing a 0.85xx & possible 0.75xx target.

They also, are not ruling out Euro going the way of the dodo.

My wish for 2011 is that the Human Rights Commission is charged with criminal assault on Common Sense! Found guilty & subjected to euthanasia.
EU looks slightly oversold now.. oh yes i heard abt e 0.85 target before..

anw wad's ur view on UC. it is still moving in range isnt it? however it seem to find support, i feel it can make another move up
  • #3,679
  • Dec 26, 2010 6:52pm Dec 26, 2010 6:52pm
Yuan: still ranging possible triangle on Dtf

Down tl so I shall watch for rise to .0080 then sell.

Not going to trade tonight.

Being lactose intolerant, I found a dairy-free eggnog recipe that I am trying out.

Real simple: 1) 12 parts rum
2) ENJOY
  • #3,680
  • Dec 27, 2010 6:41pm Dec 27, 2010 6:41pm
SWEEEEEEEEET Sel Entry Limit hit yesterday

Up tl on Dly (Dec 15-24) broken to downside will bears run er down to parity?

Low liquidity could be wild swings ( will stay on 4H H tfs & scalp
with bias short.

Keep yer stick on the ice
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