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USD/CAD

  • #541
  • Edited 6:24am Oct 21, 2011 6:20am | Edited 6:24am
Quoting VennD
...
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...
1) 0.2%
2) 3.2%
3) 0.5%
4) 2.2%

Overall favouring CAD , some volatility due to items against consensus. Until the next data .... Good Luck !
  • #542
  • Oct 21, 2011 10:56am Oct 21, 2011 10:56am
I am up 161 pips so far and pulling some profit here. 9800 is deep limit. Stop to break even.
Please do not vouch for me.
  • #543
  • Edited 5:02pm Oct 21, 2011 2:25pm | Edited 5:02pm
Quoting spillini
I am up 161 pips so far and pulling some profit here. 9800 is deep limit. Stop to break even.
spillini , Congratulation bro ! yeah ... I see some more prices below 1.0100 need to be executed... but reluctant to comment further due to POSSIBLE MIXED STOPS (esp Buy Orders and Stop Loss) lying around 1.0030/50 through 1.0000 *^* .

My scalpers gave me +1,026 pips (secured + locked ) so far , due to the drops ...

Regards !
  • #544
  • Oct 21, 2011 3:03pm Oct 21, 2011 3:03pm
1h , 4h & Daily ...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdix4h_06.gif Size: 32 KB
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  • #545
  • Oct 21, 2011 3:06pm Oct 21, 2011 3:06pm
4h & Daily ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix4h_07.gif Size: 40 KB
Click to Enlarge Name: usdix_daily_07.gif Size: 57 KB
  • #546
  • Oct 22, 2011 7:32am Oct 22, 2011 7:32am
USD/CAD – Bias (W1): Bearish + Uncertain; Bias (D1): Slightly Bearish + Uncertain; Bias (Overall): Bearish + Uncertain

http://lcchong.files.wordpress.com/2...ng?w=837&h=382

http://lcchong.files.wordpress.com/2...ng?w=837&h=380
  • #547
  • Edited 7:55pm Oct 22, 2011 4:41pm | Edited 7:55pm
Quoting VennD
...
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) ...
Quoting VennD
1) 0.2%
2) 3.2%
3) 0.5%
4) 2.2%

Overall favouring CAD , some volatility due to items against consensus. Until the next data .... Good Luck !
1) 0.3% <> 0.1% ---> 0.2% (Decrease) - Buy usd/cad
2) 3.1% <> 3.0% ---> 3.2% (Increase) - Sell usd/cad
3) 0.4% <> 0.3% ---> 0.5% (Increase) - Sell usd/cad
4) 1.9% <> 1.9% ---> 2.2% (Increase) - Sell usd/cad

U might be late to sell now (current price is @ 1.0068) , cuz.. BoC's CPI yearly target is +2.0% . Target has been achieved. Look at your chart ... where are we now ?

On another note ... most Greek bailout money has GONE to pay off my nannies (bondholders)... only left few bucks to pay for oil to Canada and cattle meat to Australia (just kidding, ok). That might be bad for CAD and AUD ... but ... that's just my views. Pls don't take it seriously , imho .
  • #548
  • Oct 22, 2011 4:55pm Oct 22, 2011 4:55pm
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #549
  • Oct 22, 2011 9:12pm Oct 22, 2011 9:12pm
Quoting VennD
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 ...
This is what I did that Friday ...

Maintain...
short @ 1.0478 + long @ 1.0045 (+433 pips)

Revised longs ...
short @ 1.0244 + closed long @ 1.0185 at BE , reenter long @ 1.0088 (+156 pips)
short @ 1.0229 + closed long @ 1.0140 at BE , reenter long @ 1.0073 (+156 pips)
short @ 1.0167 + closed long @ 1.0134 at BE , reenter long @ 1.0069 (+98 pips)

added ...
short @ 1.0186 + long @ 1.0088 (+98 pips)
short @ 1.0178 + long @ 1.0090 (+88 pips)

All those trades are still open ... Total secured +1,029 pips. Will close them on Monday IF usd/cad doesn't want to go down anymore and will maintain the top and bottom ...

Good Luck to your next week trades and have a nice weekend ... !
  • #550
  • Oct 22, 2011 11:46pm Oct 22, 2011 11:46pm
VennD, are you no longer following Aud/Usd. It was very valuable to read your comments and we are missing your expert opinions on that thread. btw, any thoughts on Aud/Usd?
  • #551
  • Edited 4:55pm Oct 23, 2011 3:13am | Edited 4:55pm
Quoting 10pipstud
VennD, are you no longer following Aud/Usd. It was very valuable to read your comments and we are missing your expert opinions on that thread. btw, any thoughts on Aud/Usd?
Hello 10pipstud ! U want some more money eh ? . I will come once in a while to aud/usd to post. I see this thread usd/cad was not fully utilize so ... let me park here for a while until someone drives me away . After all , usd/cad is also a commodity currency.

aud/usd (1.0368)
----------------
Not that u cannot sell from current price [(1.0368) - short scalp ok with tight sl)]... but Im afraid that u might have to be prepared for 100-200 pips SL , because up there ... some more interesting prices need to be executed. Just be prepared to sell at these prices 1.0406 / 1.0432 / 1.0437. AU weaknessess atm is some where between 1.0437-1.0455 (Daily RES 3) , if u sell from its weakiest level ... u won't have to use so much sl . U then will only has to look for the best possible price to execute your trade... imo

.... and if u think that euro has some effect on aud , then ... this might be something worth to ponder. U know those euro investors ? Some hs bn paid and some hvn't. To those who wanted to invest some more in euro are still looking to EU Summits for direction. Guess what they gonna do next ? I don't know... u sum it up

Extra careful with these aud/usd data ...

Japan Retail Sales + Trade Balance ...16hrs from now. Projected to increase by consensus.

Aust PPI (QoQ + YoY), 17hrs from now. One of them is of high impact (YoY) projected by consensus to decrease substantially , but don't take my word for it. U also need to look at audusd chart + indis to confirm.

I think the rest are from US data and China data.

These are my entries in aud/usd currently open. U can use those price entries as guidance in yr future aud/usd trade but no guarantee as time has passed by ...

long @ 0.9393 + short @ 1.0370 (+977 pips)
long @ 1.0150 + short @ 1.0356 (+206 pips)
long @ 1.0170 + short @ 1.0360 (+190 pips)
long @ 1.0178 + short @ 1.0356 (+178 pips)
long @ 1.0195 + short @ 1.0356 (+161 pips)
long @ 1.0205 + short @ 1.0353 (+148 pips)

Total secured +1,860 pips. Will close those scalpers on Monday before Japan data release ... and maintain the top and bottom if market doesn't override them.

GL to your endeavour to become millionaire due to forex ...
  • #552
  • Oct 23, 2011 5:46am Oct 23, 2011 5:46am
Hi VennD, I always follow your post and still want you to post more&more
Anyway, I would like to know how you define weakest level in Aud/Usd? and why you're interested in only commodity currency?
I like your range trading style but I cannot do it now because I cannot define top and bottom like you. So please explain me if you have time. Thanks a lot
  • #553
  • Edited 3:42pm Oct 23, 2011 2:36pm | Edited 3:42pm
Quoting Richie_Rich
Hi VennD, I always follow your post and still want you to post more&more
Anyway, I would like to know how you define weakest level in Aud/Usd? and why you're interested in only commodity currency?
I like your range trading style but I cannot do it now because I cannot define top and bottom like you. So please explain me if you have time. Thanks a lot
... If u have time ... pls get the answer from aud/usd main thread . Thanks a lot

On another note ... look at aud/usd 4h tf. Mostly all those candles belong to sellers between 1.0397-1.0146. Last week there are big chunk of sell orders around 1.0340-1.0370 (mine was included ) , has been executed and some might have gone taking their profit when AU fell to 1.0145-1.0116. So I think by now that RES 1.0370 is weakening. Sooner or later price might stay above it and ... 1.0800 here I come !
  • #554
  • Edited 5:40pm Oct 23, 2011 4:11pm | Edited 5:40pm
Lets talk abt usd/cad only in this thread. Others might be confused. Sorry abt tht aud/usd , folks ! :sorry:

usd/cad from 1.0079 , going after 1.0133 or ... 1.0065/46 . Mixed stops 1.0030/50 - 1.0000, probably base on candles.
  • #555
  • Edited Oct 24, 2011 12:34am Oct 23, 2011 8:16pm | Edited Oct 24, 2011 12:34am
Quoting VennD
...

Japan Retail Sales + Trade Balance ...16hrs from now. Projected to increase by consensus.

Aust PPI (QoQ + YoY), 17hrs from now. One of them is of high impact (YoY) projected by consensus to decrease substantially , but don't take my word for it. U also need to look at audusd chart + indis to confirm.

I think the rest are from US data and China data after that.
Japan data increases but still in a negative zone ... , -775.3B <> +198.0B ---> -300.4B

Aust data decreases more than projected by consensus... ,
QoQ = 0.8% <> 0.8% ---> 0.6%
YoY = 3.4% <> 2.9% ---> 2.7%

Closed all scalpers in usd/cad and aud/usd , waiting for fresh entries...

Maintain positions ...

usd/cad , long @ 1.0045 + short @ 1.0478
aud/usd , long @ 0.9393 + short @ 1.0370
  • #556
  • Oct 24, 2011 2:18am Oct 24, 2011 2:18am
LONG


Entry: 1.0055
TP: 1.0196
  • #557
  • Edited 4:13am Oct 24, 2011 4:04am | Edited 4:13am
Quoting kibescorp
LONG


Entry: 1.0055
TP: 1.0196
long @ 1.0052 , tp ... i follow u
  • #558
  • Edited 4:40am Oct 24, 2011 4:26am | Edited 4:40am
Germany PMI and Euro Zone PMI .... so ...... no payment to Canada. That's why usd/cad goes up

:edited:
  • #559
  • Oct 24, 2011 11:58am Oct 24, 2011 11:58am
Quoting VennD
Germany PMI and Euro Zone PMI .... so ...... no payment to Canada. That's why usd/cad goes up

:edited:
Germany is willing to help Europe's bailout fund.

Japan is threatening to intervene.

Oil price went up atm to $90.42/barrel.

....
short @ 1.0088 + long @ 1.0052 (+36 pips)
short @ 1.0077 + long @ 1.0026 (+51 pips)

short @ 1.0478 + closed long @ 1.0045 at BE , reenter long @ 1.0025 (+453 pips)
  • #560
  • Oct 24, 2011 1:48pm Oct 24, 2011 1:48pm
Quoting kibescorp
LONG


Entry: 1.0055
TP: 1.0196
nice target
Hero calls followed by margin calls...
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