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  • #341
  • Dec 2, 2010 11:53am Dec 2, 2010 11:53am
Quoting Cdawg
Hmm, a good sell-off the day before Non farm. Coincidence or what? I'm going to buy, limit set just above parity 1.0010.

Stop set 0.9960
i'm long atm, SL 0.9900 add a few more long when hit 0.9980,let's dance ,i heard some China will buy around 1.0000
  • #342
  • Dec 2, 2010 1:01pm Dec 2, 2010 1:01pm
Quoting pip1hunter
i heard some China will buy around 1.0000
LOL that's quite a precise statement.
I wonder where you've heard that from... got the link?
  • #343
  • Dec 2, 2010 5:22pm Dec 2, 2010 5:22pm
What a drop.
What i am concerned about is the drop was pretty fast but decreasing vol.
Anyway its a classic pre NFP situation...you see some crazy moves...and we will probably see crazy or no moves at all today.
CAD employment and NFP...that pair will rock!
COT: The precious data ignored
  • #344
  • Dec 2, 2010 5:32pm Dec 2, 2010 5:32pm
Quoting kuroro001
CAD employment and NFP...that pair will rock!
You're well right kuroro! remember guys... its better to stay away from the market or if you're trading do make sure you got your stops set.
  • #345
  • Dec 3, 2010 7:34am Dec 3, 2010 7:34am
Could anyone explain me:
why in this pair USD goes up and not like in other pairs - down AFTER such bad news related to unemployment?
  • #346
  • Dec 6, 2010 10:24pm Dec 6, 2010 10:24pm
data,,,canadian rate decision in 8 hours,forecasts are thats its gonna stay on hold,i dont think its gonna increase bad us economic data,70% of canadas exports go to usa,us unmr 9.8,

from what i see,at the rate decision the usd will go up by maybe 30pips or more,
today i got 25pips from aud rate decision,but exit is instant in 30 seconds,lol

if anybody is interested in the caD talk just reply
  • #347
  • Dec 13, 2010 11:03am Dec 13, 2010 11:03am
Well I just thought I could post this chart here. It's on EUR/CAD - H4

Just on the spot...
Attached Image (click to enlarge)
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  • #348
  • Dec 15, 2010 10:17am Dec 15, 2010 10:17am
Took a long at 1.0005 ... anyone else from down here? As long as parity is held, I'm holding until 1.0450 .
  • #349
  • Dec 15, 2010 1:36pm Dec 15, 2010 1:36pm
Quoting jack.canadia
Took a long at 1.0005 ... anyone else from down here? As long as parity is held, I'm holding until 1.0450 .
I took a long at 1.0004. Added it to my long from 1.0062. 1.0174 area is what I'm hoping we break. Metals down. Oil down. Bad news in EU. Not sure what's keeping the loonie up.
Si vis pacem, para bellum.
  • #350
  • Dec 18, 2010 9:12am Dec 18, 2010 9:12am
USD/CAD in a bearish trend, we can see descending wedge on higher timeframes and faster MA is below than slower MA.
If price would rise more, it would be a good oportunity to open a sell order at downtrend line from weekly chart at about 1.0200.

http://img694.imageshack.us/img694/3291/usdcadd2.png

Regards,
suirad
  • #351
  • Dec 20, 2010 6:49am Dec 20, 2010 6:49am
Quoting Duce
I took a long at 1.0004. Added it to my long from 1.0062. 1.0174 area is what I'm hoping we break. Metals down. Oil down. Bad news in EU. Not sure what's keeping the loonie up.
Trades are going nicely right now. Took some profit off the table. Still holding some longs with SL in the green.
Si vis pacem, para bellum.
  • #352
  • Dec 20, 2010 7:34am Dec 20, 2010 7:34am
Quoting suirad
USD/CAD in a bearish trend, we can see descending wedge on higher timeframes and faster MA is below than slower MA.
If price would rise more, it would be a good oportunity to open a sell order at downtrend line from weekly chart at about 1.0200.

Regards,
suirad
The level to beat for now is parity. Sure, a short play inside the wedge may be valid, but the only thing I am doing with this pair is taking longs near parity until the wedge gives out.

We can't really say where the overall long term bias is right now. I am liking the small range plays though, they've been good for at least 150 pips each time.
  • #353
  • Dec 20, 2010 7:35am Dec 20, 2010 7:35am
Quoting Duce
Trades are going nicely right now. Took some profit off the table. Still holding some longs with SL in the green.
Same man. I got out of my longs that were higher off parity and kept the 1.0004 running. Just going to hold it at break even and see what I can get from it.

You looking at any other pairs?
  • #354
  • Dec 20, 2010 7:45am Dec 20, 2010 7:45am
Quoting jack.canadia
You looking at any other pairs?

I've been scalping the EU quite successfully lately. 3 trades, 64 pips. But most of my time has been back here in the UCad. I took a little beating on the Cable and eventually got out of all my trades there. I was thinking about shorting this pair, but not yet. If we get a close above 1.01768, I'm still thinking long (according to what the daily Ichimoku cloud is telling me). Trade well, sir.
Si vis pacem, para bellum.
  • #355
  • Dec 20, 2010 8:00am Dec 20, 2010 8:00am
100-SMA is capping the upside along with the trendline.
Attached Image (click to enlarge)
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  • #356
  • Dec 20, 2010 9:05am Dec 20, 2010 9:05am
My trend line caps at 1.0245 area.
Si vis pacem, para bellum.
  • #357
  • Dec 24, 2010 4:46am Dec 24, 2010 4:46am
Target is near for 185 pips @ 1.0010. sell sell sell
Another buy option at psychological level?

http://img841.imageshack.us/img841/5170/usdcadd3.png

Regards,
suirad
  • #358
  • Dec 28, 2010 7:43am Dec 28, 2010 7:43am
Took a fresh long at the bottom of the triangle.
Attached Image (click to enlarge)
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  • #359
  • Dec 28, 2010 12:06pm Dec 28, 2010 12:06pm
Here is my current view. My current target on all positions still remains 1.0360

Trade plan will be negated with break below triangle.
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  • #360
  • Dec 28, 2010 3:17pm Dec 28, 2010 3:17pm
Quoting jack.canadia
Here is my current view. My current target on all positions still remains 1.0360

Trade plan will be negated with break below triangle.
I'm with you, Sell limit picked up at 0.9985.. looking to .0240 first and then see if .0360 is on the table.

Of course couple of minor resistances .0070 and .0160 on the way. not much in the way of news, so price was floating down on low volume, expecting a pretty good retrace, might not be till Jan 2, 2011..
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