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USD/CAD

  • #601
  • Oct 25, 2011 9:22am Oct 25, 2011 9:22am
I dont know guys, looks like a stop hunt to me. Like you said, time will tell.
Please do not vouch for me.
  • #602
  • Oct 25, 2011 9:24am Oct 25, 2011 9:24am
Just added to my short position with short stop, looks like a sucker run to me, though.
Please do not vouch for me.
  • #603
  • Oct 25, 2011 9:25am Oct 25, 2011 9:25am
E/U and A/U starting to continue push back long. Good sign for shorts on CAD
Please do not vouch for me.
  • #604
  • Oct 25, 2011 9:26am Oct 25, 2011 9:26am
Gonna sell E/U at 4050.
Please do not vouch for me.
  • #605
  • Oct 25, 2011 9:43am Oct 25, 2011 9:43am
Quoting VennD
Besides those CAD data mentioned above ... 4-5hrs from now US Data will be released projected by consensus to be favouring USD.

U sum it up ... make a wise decision on the actual direction ... but it's better to focus only to your chart and technical indis.

Dear VennD,
you've mentioned if CAD data are increase than SELL the CAD.
( and it did...the Data of CAD were better/increase)
and u've wrote also :
Oil prices currently went up , atm ... @ $92.75/b , that indicates usd/cad down , unless otherwise.

but atm...why the CAD Spike UP?
with incredible Up Up Away !!!
hix hix my BL @ 0.9950 didn't touch !

pls.give me some input...thanx a lot may GBU
  • #606
  • Oct 25, 2011 9:53am Oct 25, 2011 9:53am
Quoting VennD
Ignition ! vroom - vroom (probably 9973 lottery number will strike today ... )
My lottery numbers doesn't strike ... but I bought loonie @ 0.9992 and sold @ 1.0208 (+216 pips).

lemme check what's our next programme ...
  • #607
  • Oct 25, 2011 9:55am Oct 25, 2011 9:55am
Before I go to my day job...lol. Please dont take my post as critical. As fellow traders I love your input to make me better as well as I hope you do the same. But keep in mind I am mostly deep term trader so I accept these pullbacks as signposts along the way. For instance, what may be a reversal on the smaller charts for another, may simply be a minor correction for me. My smallest chart is the 1 hr but the Dailys I trade by. I am new to the forum and still havent learned how to post a chart, but I will figure it out soon.

My positions are. Active: Short to 9800 on U/CAD
Long to 1.06500 on A/U

Pending positions are : Short to 1.3670 at 1.0450 on E/U stop 1.4162
: Short to 118.00 at 123.25 on G/J stop 125.05


By the way, when I get halfway I pull 1/2 off and move stop to B/E
Please do not vouch for me.
  • #608
  • Oct 25, 2011 10:00am Oct 25, 2011 10:00am
Quoting spillini
Gonna sell E/U at 4050.
Ecofin meeting cancelled ...

I hv sold EU @ 1.3958
  • #609
  • Edited 10:19am Oct 25, 2011 10:07am | Edited 10:19am
Quoting spillini
Before I go to my day job...lol. Please dont take my post as critical. As fellow traders I love your input to make me better as well as I hope you do the same. But keep in mind I am mostly deep term trader so I accept these pullbacks as signposts along the way. For instance, what may be a reversal on the smaller charts for another, may simply be a minor correction for me. My smallest chart is the 1 hr but the Dailys I trade by. I am new to the forum and still havent learned how to post a chart, but I will figure it out soon.

My positions are....
Don't worry too much ... just do what u must. No offend at all ...

btw .. have you take consideration on the UP retracement on usd/cad ?
  • #610
  • Oct 25, 2011 10:07am Oct 25, 2011 10:07am
Quoting VennD
Ecofin meeting cancelled ...

I hv sold EU @ 1.3958
You are good, always sell at top and buy at bottom, may i ask you do you use any indicator signals ?
  • #611
  • Oct 25, 2011 10:21am Oct 25, 2011 10:21am
Quoting VennD
My lottery numbers doesn't strike ... but I bought loonie @ 0.9992 and sold @ 1.0208 (+216 pips).

lemme check what's our next programme ...
Dear VennD,
you've mentioned if CAD data are increase than SELL the CAD.
( and it did...the Data of CAD were better/increase)
Q : why it's UP ? not down(sell)

and u've wrote also :
Oil prices currently went up , atm ... @ $92.75/b , that indicates usd/cad down , unless otherwise.
Q : why it's UP ? not down(sell)

but atm...why the CAD Spike UP?
with incredible Up Up Away !!!
hix hix my BL @ 0.9950 didn't touch !

pls.give me some input...thanx a lot may GBU
  • #612
  • Oct 25, 2011 10:26am Oct 25, 2011 10:26am
Just added a short at the Daily Trend line

Quoting VennD
Don't worry too much ... just do what u must. No offend at all ...

btw .. have you take consideration on the UP retracement on usd/cad ?
Please do not vouch for me.
  • #613
  • Oct 25, 2011 10:28am Oct 25, 2011 10:28am
Quoting Yuchen
You are good, always sell at top and buy at bottom, may i ask you do you use any indicator signals ?
Candlesticks .

First , I hint "Ignition" ..... then I posted # 592 , that's before usd/cad shoot its rocket .
  • #614
  • Oct 25, 2011 10:32am Oct 25, 2011 10:32am
Quoting spillini
Just added a short at the Daily Trend line
ok. just now rocket is part of that up retracement. maybe there're some more. I don't know. Use yr fibo. gl !
  • #615
  • Edited 11:04am Oct 25, 2011 10:55am | Edited 11:04am
Quoting bestrader98
Dear VennD,
you've mentioned if CAD data are increase than SELL the CAD.
( and it did...the Data of CAD were better/increase)
and u've wrote also :
Oil prices currently went up , atm ... @ $92.75/b , that indicates usd/cad down , unless otherwise.

but atm...why the CAD Spike UP?
with incredible Up Up Away !!!
hix hix my BL @ 0.9950 didn't touch !

pls.give me some input...thanx a lot may GBU
Fundies or whatever out there are make-ups , though they are the prime movers. The truth are in the candlesticks and formations.

U know ... There're somethings out there that we didn't know, for example ...

Sovereign Central Banks masking their identity to sell/buy through Bank of Settlement (BIS) in huge volume. Hedge funds , fixings and many more other things.. As u go along in fx trading , u'll pickup the understandings..

That's all I can tell u as of now. Will tell u further in due course.

Did I tell u abt... there are ppl guarding 1.0000 just now ? They're like gamblers but not quite. If that 1.0000 blown , somebody has to pay my nannies. In millions , of course. Sweet eh ?
  • #616
  • Edited 12:23pm Oct 25, 2011 12:15pm | Edited 12:23pm
Closed most of the scalpers earlier , only left the following ...

short @ 1.0478 + long @ 0.9992 (+486)
short @ 1.0208 + long @ 0.9993 (+215)
short @ 1.0206 + long @ 0.9993 (+213)
short @ 1.0204 + long @ 0.9994 (+210)
short @ 1.0203 + long @ 0.9994 (+209)
short @ 1.0202 + long @ 0.9994 (+208)

Total secured +1,541 pips. GL 2yr trades !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad5m_02.gif Size: 28 KB
  • #617
  • Oct 25, 2011 2:12pm Oct 25, 2011 2:12pm
I give up. Just dont get it...how in heaven is that possible to enter in such perfect moments...
  • #618
  • Oct 25, 2011 3:14pm Oct 25, 2011 3:14pm
Quoting kibescorp
LONG


Entry: 1.0055
TP: 1.0196

Trade completed.


(no stop loss had been implemented)


Bearing in mind, though, that someone who uses tight stops would have been stopped out before the upwards surge took place.
  • #619
  • Edited 5:03am Oct 26, 2011 2:37am | Edited 5:03am
Quoting VennD
Closed most of the scalpers earlier , only left the following ...

short @ 1.0478 + long @ 0.9992 (+486)
short @ 1.0208 + long @ 0.9993 (+215)
short @ 1.0206 + long @ 0.9993 (+213)
short @ 1.0204 + long @ 0.9994 (+210)
short @ 1.0203 + long @ 0.9994 (+209)
short @ 1.0202 + long @ 0.9994 (+208)

Total secured +1,541 pips. GL 2yr trades !
added to the abv trades...

long @ 1.0115 + short @ 1.0151 (+36 pips) . Total secured +1,577 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad15m_10.gif Size: 38 KB
  • #620
  • Edited 7:08am Oct 26, 2011 3:50am | Edited 7:08am
Last night CAD data was good but .... strong buy orders resulting in usd/cad ignited its rocket to the north. Technically, looking at the daily , I think some more up retracement need to be done.

and as usual ... don't forget that sell orders / mixed stops that I have mentioned some where abv 1.0370/400 , mixed stops abv 1.0400 (last week ... probably still up there) . I think so.

For usd/cad , the more it goes higher ... the more it attract sellers while in aud/usd ... the more it goes deeper ... the more it attract buyers.

As of now .... I think the ratio for usd/cad is more sellers than buyers. Its natural ... some bears got slaughtered by mr.market ... after that ... bulls turn to be slaughtered.

-edited-
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