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USD/CAD

  • #521
  • Oct 18, 2011 7:19am Oct 18, 2011 7:19am
Hi Traders
We're getting step by step closer to very important Fibo&S/R level 1.02700...
The last week rally needs some fuel.
If todays news won't push the pair above 1.02700 I am expecting some 38,2% or 50% retracement.
But... we have Ben Bernanke today so it could be a tricky trading !!!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 117 KB
Read Charts - Not Papers
  • #522
  • Edited 12:42pm Oct 18, 2011 11:46am | Edited 12:42pm
Quoting VennD
added to the above trades ...

long @ 1.0193 + short @ 1.0229 (+36 pips)

Total secured +733 pips. Haven't close them .

Infact ... I have some more shorts of which I haven't disclose in this thread , ... which need to be paired with longs. Monday would probably be good for buying (long scalps) Usd/Cad , should there be any technicals/fundies/sentiments conflunces.

Good Luck to your trades ... !
I have closed all previous scalpers except maintaining that short @ 1.0478 and 3 more new entries.

current trades ...

short @ 1.0478 + long @ 1.0045 (+433 pips)
short @ 1.0253 + long @ 1.0162 (+91 pips)

Talking about retracement ... for sure , men ! I hv seen numerous retracement up and down in my 1m-5m charts. (juz kidding).

attached : usd/cad 15m projection.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad15m_01.gif Size: 30 KB
Click to Enlarge Name: usdcad15m_02.gif Size: 30 KB
  • #523
  • Oct 18, 2011 12:54pm Oct 18, 2011 12:54pm
Quoting VennD
I have closed all previous scalpers except maintaining that short @ 1.0478 and 3 more new entries.
current trades ...
short @ 1.0478 + long @ 1.0045 (+433 pips)
short @ 1.0253 + long @ 1.0162 (+91 pips)
Well VennD, so where's you target in a day or two?
I am bit confused now...
Looking on EURUSD I think the momentum is so strong that I need to revise my USDCAD morning projection.
I think price needs to take a deep breath to 1.0200 and can continue its rally to reach 1.01000 tomorrow
How'd you think?
Read Charts - Not Papers
  • #524
  • Edited 1:56pm Oct 18, 2011 1:25pm | Edited 1:56pm
Quoting halkins
Well VennD, so where's you target in a day or two?
I am bit confused now...
Im sorry halkins, Im afraid tht I dnt hv targets like u do (long term) coz Im scalping in a lower tfs ... I take whatever PA shows me (movements) in a lower tf , sometimes it is just a co-incident that i hv a long term trades due to my lil bit understanding of reading signal candles.

Anywhere ... just trade according to your method ... as long as we can get there together , thts ok with me

at this point of typing ... US Data favouring USD , leading stocks rises , US Govt T-Bonds & T-Bills rises also . No doubt , usd/cad might rise as per your retracement expectation in a zigzag manner cuz ... crude oil rises too . Apart from tht this week there might be some demand for CAD.

Quoting halkins
... Looking on EURUSD I think the momentum is so strong that I need to revise my USDCAD morning projection.
I think price needs to take a deep breath to 1.0200 and can continue its rally to reach 1.01000 tomorrow
How'd you think?
Probability - 1.0085

Regards.
  • #525
  • Oct 18, 2011 3:57pm Oct 18, 2011 3:57pm
Looks like the pair has changed from downtrending to ranging between about the 1.0050 to 1.0250 area, provided that no major fundamental influences change that.

This should be easy to trade for a while.
  • #526
  • Oct 18, 2011 4:04pm Oct 18, 2011 4:04pm
Tracking USD Index ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix_daily_02.gif Size: 53 KB
Click to Enlarge Name: usdix4h_02.gif Size: 54 KB
  • #527
  • Oct 18, 2011 8:06pm Oct 18, 2011 8:06pm
Quoting VennD
I have closed all previous scalpers except maintaining that short @ 1.0478 and 3 more new entries.

current trades ...

short @ 1.0478 + long @ 1.0045 (+433 pips)
short @ 1.0253 + long @ 1.0162 (+91 pips)

Talking about retracement ... for sure , men ! I hv seen numerous retracement up and down in my 1m-5m charts. (juz kidding).

attached : usd/cad 15m projection.
added to the above scalpers ...

short @ 1.0184 + long @ 1.0115 (+69 pips) ... lurking some more ...

GL 2yr trades ... !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad15m_03.gif Size: 37 KB
  • #528
  • Edited 3:05am Oct 19, 2011 2:44am | Edited 3:05am
Snailing down too slow ... so boring ...

short @ 1.0478 + long @ 1.0045 (+433 pips) = ON
short @ 1.0253 + long @ 1.0162 (+91 pips) = Closed
short @ 1.0184 + long @ 1.0115 (+69 pips) = Closed

added new entries ...

short @ 1.0147 + long @ 1.0100 (+47 pips)

GL 2yr Trades ... !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad15m_04.gif Size: 37 KB
  • #529
  • Oct 19, 2011 5:05am Oct 19, 2011 5:05am
Hi Traders
Interesting situation now on USDCAD
The price is crawling on 1.0100-1.0090 area.
I HOPE bulls are strong enough to support this area.
If they manage to push the price higher, we’ll have a foundation for a new beautiful head&shoulders pattern and possible 1.0400 on the target.
On the other hand bears are so close to 1.0000 that they will try to break below parity, but it’s less probability scenario for this moment….
I am neutral, watching closely, listening to the news... but supporting bulls

Here’s bullish scenario
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 112 KB

------------------------------------------------------------------------------------------------
Guys, I want to start new thread about FX-Options Trading. I need to collect vouchers.
If you find my analysis of any value I would appreciate any vouchers from those who are eligible.
Thanks a $MILLION.
------------------------------------------------------------------------------------------------
Read Charts - Not Papers
  • #530
  • Oct 19, 2011 5:44am Oct 19, 2011 5:44am
Quoting VennD
... Probability - 1.0085
Bulls looks like ... Mooon-die ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix4h_03.gif Size: 57 KB
Click to Enlarge Name: usdix_daily_03.gif Size: 54 KB
  • #531
  • Oct 19, 2011 6:00am Oct 19, 2011 6:00am
Too many longsss ... not enough money to pay ... some must be slaughtered ... after that ... bears turn
  • #532
  • Edited 8:38pm Oct 19, 2011 12:23pm | Edited 8:38pm
Quoting VennD
Snailing down too slow ... so boring ...

short @ 1.0478 + long @ 1.0045 (+433 pips) = ON
short @ 1.0253 + long @ 1.0162 (+91 pips) = Closed
short @ 1.0184 + long @ 1.0115 (+69 pips) = Closed
short @ 1.0147 + long @ 1.0100 (+47 pips) = ON
added ...
long @ 1.0089 + short @ 1.0142 (+53 pips) = ON
long @ 1.0117 + short @ 1.0185 (+68 pips) = ON
long @ 1.0177 + short @ 1.0211 (+34 pips) = ON
long @ 1.0178 + short @ 1.0212 (+34 pips) = ON

Secured +669 pips ... Going to close those scalpers in a moment ... but I'll maintain the top and bottom for a reason ...

GL 2yr Trades ... !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad30m_01.gif Size: 44 KB
  • #533
  • Oct 20, 2011 3:33am Oct 20, 2011 3:33am
Quoting VennD
short @ 1.0478 + long @ 1.0045 (+433 pips) = ON
short @ 1.0253 + long @ 1.0162 (+91 pips) = Closed
short @ 1.0184 + long @ 1.0115 (+69 pips) = Closed
short @ 1.0147 + long @ 1.0100 (+47 pips) = ON

added ...

long @ 1.0089 + short @ 1.0142 (+53 pips) = ON
long @ 1.0117 + short @ 1.0185 (+68 pips) = ON
long @ 1.0177 + short @ 1.0211 (+34 pips) = ON
long @ 1.0178 + short @ 1.0212 (+34 pips) = ON

Secured +669 pips ... Going to close those scalpers in a moment ... but I'll maintain the top and bottom for a reason ......
ALL scalpers closed ! except ...
short @ 1.0478 + long @ 1.0045 (+433 pips) = ON

added fresh entries ...

short @ 1.0244 + long @ 1.0185 (+59 pips)

Njoy your pipping ... !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad15m_06.gif Size: 59 KB
  • #534
  • Oct 20, 2011 3:59am Oct 20, 2011 3:59am
USDiX ....

Good Night ! ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix4h_04.gif Size: 40 KB
Click to Enlarge Name: usdix_daily_04.gif Size: 54 KB
  • #535
  • Oct 20, 2011 4:34pm Oct 20, 2011 4:34pm
Tracking USD Index ...

attached ...

1h
4h
Daily
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix1h_01.gif Size: 25 KB
Click to Enlarge Name: usdix4h_05.gif Size: 29 KB
Click to Enlarge Name: usdix_daily_05.gif Size: 35 KB
  • #536
  • Edited 5:51pm Oct 20, 2011 5:09pm | Edited 5:51pm
Earlier ...

1) Canadian Wholesale Trade 0.9% ---> 0.2%.
2) Leading Indicators , 0.0% ---> -0.1%
3) August Inventories 0.5% ---> 0.9%.

That's why I bought and sold ... usd/cad.
  • #537
  • Edited 5:48pm Oct 20, 2011 5:22pm | Edited 5:48pm
Currently in Trades ...

short @ 1.0478 + long @ 1.0045 (+433 pips)
short @ 1.0244 + long @ 1.0185 (+59 pips)
short @ 1.0229 + long @ 1.0140 (+89 pips)
short @ 1.0167 + long @ 1.0134 (+33 pips)

Secured +614 pips ...

Apprxmtly abt 12hrs from now ... the expectation might be to sell CAD should the Canadian data materialize as per consensus ... U can relate that probabilities with your indis ... (attached 15m chart)

GL 2yr Trades ... !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad15m_07.gif Size: 47 KB
  • #538
  • Oct 20, 2011 9:38pm Oct 20, 2011 9:38pm
Hi everyone, I have a short on the CAD down to 9800 area. Lets see how she works as it is with the overall trend.
Please do not vouch for me.
  • #539
  • Edited 2:43am Oct 21, 2011 2:19am | Edited 2:43am
Quoting VennD
....

Apprxmtly abt 12hrs from now ... the expectation might be to sell CAD should the Canadian data materialize as per consensus ... U can relate that probabilities with your indis ...
4 more hours to go on the Canadian Data ... but the UTL (pink colour) as per post # 537 - already BLOWN !

Awaiting CAD data ... , previous <> Consensus ...

1) Consumer Price Index (MoM) 0.3% <> 0.1% (High Impact)
2) Consumer Price Index (YoY) 3.1% <> 3.0% (High Impact)
3) Bank of Canada Consumer Price Index Core (MoM) 0.4% <> 0.3% (Medium Impact)
4) Bank of Canada Consumer Price Index Core (YoY) 1.9% <> 1.9% (Medium Impact)

Expect votality should there be a mixed data of good and bad.

Personally , I will keep on buying at rejected SUPPORTS IF actual data favours consensus ... and do otherwise at rejected RESISTANCES ... should data make surprises ... but ... tht's just ME and my toys ... subjected to all those been said go along with indis ...

Now ... Let me scalp ...
  • #540
  • Oct 21, 2011 3:15am Oct 21, 2011 3:15am
Looking at those very funny candles ... probably ...

Mixed Stops above 1.0400 and below 1.0000

Whilst ...

SellOrders 1.0370-1.0400
BuyOrders 1.0030-1.0000

Probabilities ONLY , thou ...
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