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USD/CAD

  • #741
  • Edited 7:57pm Nov 1, 2011 7:30pm | Edited 7:57pm
Quoting VennD
...
2.5hrs to 3 US data of Moderate Votalities , abt 20-40 pips each , up and down.

9.5hrs to 1 US data of Low Votality , abt 10-20 pips.

gud luck !
Quoting VennD
The first 3 US data are NO GOOD !

short @ 1.0183
=== The 4th data (low votality / 10-20 pips) was good. If we look at fundies, usd/cad should fall ... however ... oil prices falls as investors worry about Greece and the whole of Europe. The same reason (one of the factors) also causes aud/usd to fall.

=== Selling might resumes in eur/usd also.

=== Everthing turn upside down. I think by now ... smaller nations in Europe are the MOST POWERFUL countries in Europe ... NOT Germany ... NOT England

=== Tomorrow we will see several US data (ISM Non-Manufacturing & Factory Orders among them).

=== So ... forget about all these dumb fundies with half-blind-eyes atm ... look more into the charts ... and shoot !

p/s !
*** Im still on scalping mood in usd/cad ...
*** My apology for attaching eur/usd 1h chart in this thread. Thought it might be useful for you ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1h_02.gif Size: 26 KB
  • #742
  • Nov 1, 2011 7:40pm Nov 1, 2011 7:40pm
Quoting VennD
=== The 4th data (low votality / 10-20 pips) was good. If we look at fundies, usd/cad should fall ... however ... oil prices falls as investors worry about Greece and the whole of Europe. The same reason (one of the factors) also causes aud/usd to fall.

=== Selling might resumes in eur/usd also.

=== Everthing turn upside down. I think by now ... smaller nations in Europe are the MOST POWERFUL countries in Europe ... NOT Germany ... NOT England

=== Tomorrow we will see several US data (ISM Non-Manufacturing & Factory Orders among...
I think USD/CAD has the potential to test 1.0264 today (the chance to break it is very small though), however, if it broken, then the next target should be at 1.0373-0388.
  • #743
  • Edited 8:05pm Nov 1, 2011 8:03pm | Edited 8:05pm
Quoting Yuchen
I think USD/CAD has the potential to test 1.0264 today (the chance to break it is very small though), however, if it broken, then the next target should be at 1.0373-0388.
yeah ... Im eyeing at the 3rd RES and lurking around that area ... see IF there's any chances loonie can stay above it comfortably ... while drinking a cup of tea ... made in Canada ...
  • #744
  • Nov 1, 2011 8:10pm Nov 1, 2011 8:10pm
Quoting VennD
yeah ... Im eyeing at the 3rd RES and lurking around that area ... see IF there's any chances loonie can stay above it comfortably ... while drinking a cup of tea ... made in Canada ...
lol.. but 1H price and MACD looks a little bit divergent now..
haha, i will just be patient and i am still looking for the long-term set up at 0.9700 level to long USD/CAD, not sure if there is any chances to get that in the near future.
by the way, where are you from, how come i can see you online almost all the time.
  • #745
  • Edited 8:26pm Nov 1, 2011 8:19pm | Edited 8:26pm
Quoting Yuchen
lol.. but 1H price and MACD looks a little bit divergent now..
haha, i will just be patient and i am still looking for the long-term set up at 0.9700 level to long USD/CAD, not sure if there is any chances to get that in the near future.
Probably so ...
Quoting Yuchen
... by the way, where are you from, how come i can see you online almost all the time.
I hv dual citizenship ... where am I from ? (non of yr business ) ... ordered the isp provider/s to mask my present. actually ... i might be off line ... and smiling ... while sleeping ... somewhere ... out in the ocean ...
  • #746
  • Edited 8:54pm Nov 1, 2011 8:52pm | Edited 8:54pm
Quoting VennD
......
Updated ..
long @ 0.9925 + short @ 1.0183 (+258 pips)
long @ 0.9927 + short @ 1.0179 (+252 pips)
long @ 0.9930 + short @ 1.0175 (+245 pips)
long @ 0.9942 + short @ 1.0172 (+230 pips)
long @ 0.9933 + short @ 1.0171 (+238 pips)
long @ 0.9982 + short @ 1.0170 (+188 pips)

Total secured +1,411 pips ... excluding +585 pips which I haven't close (short @ 1.0478 + long @ 0.9893).
added to the above trades ...

long @ 1.0159 + short @ 1.0219 (+60 pips)

Total secured +2,056 pips ...
  • #747
  • Nov 1, 2011 9:09pm Nov 1, 2011 9:09pm
Quoting Yuchen
I think USD/CAD has the potential to test 1.0264 today (the chance to break it is very small though), however, if it broken, then the next target should be at 1.0373-0388.
Last few weeks ... many sell orders in there ...

Mixed stops ... I think ... there're still some where above 1.0400
  • #748
  • Edited 11:04pm Nov 1, 2011 10:43pm | Edited 11:04pm
attached : usd/cad 5m / 15m / 1h tfs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad5m_02.gif Size: 34 KB
Click to Enlarge Name: usdcad15m_02.gif Size: 37 KB
Click to Enlarge Name: usdcad1h_05.gif Size: 51 KB
  • #749
  • Nov 1, 2011 11:39pm Nov 1, 2011 11:39pm
Quoting VennD
Last few weeks ... many sell orders in there ...

Mixed stops ... I think ... there're still some where above 1.0400
ya, it is possible.. and the biggest major resistence to determine the new range for USD/CAD is around 1.0670, i dont except it will break until the US election !!!
  • #750
  • Edited Nov 2, 2011 12:01am Nov 1, 2011 11:54pm | Edited Nov 2, 2011 12:01am
Quoting Yuchen
ya, it is possible.. and the biggest major resistence to determine the new range for USD/CAD is around 1.0670, i dont except it will break until the US election !!!
If only u can find out ... that oil might be going down again ... only then that 1.0670 will be re-tested. Range wise ... yes ... I agreed.

Crude Oil must go down ... IF usd/cad might be traded above the said levels. How/When would oil be down again ? (? Question mark ?)
  • #751
  • Nov 2, 2011 2:22am Nov 2, 2011 2:22am
Quoting Geene
Sell @ 0166...small entry
Close +2
Trader from Croatia
  • #752
  • Edited 6:16am Nov 2, 2011 4:44am | Edited 6:16am
Between 1-8hrs from now 3 US data will be released. 2 of low votalities (10-20 pips each) and 1 of medium votality (20-40 pips)... up and down.

Plus ... Fed's Rate decision , FOMC meeting minutes release and Fed's Press Conference. These 3 are of high impact - might be too volatile 80-350 pips + spikes 20-45 pips !

The medium impact mentioned above , ADP Employment Change , was projected by consensus to increase 91.0k ---> 100.0k , IF materialize ...this might push usd/cad to blow the recent RESISTANCE 1.0221.

Wed - 6 US data
Thu - 12 US data
Fri - 5 US data + 4 CAD data

I wanna focus on charts now ... gl ! attached : usd/cad 15m tf
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad15m_03.gif Size: 37 KB
  • #753
  • Edited 6:22am Nov 2, 2011 6:20am | Edited 6:22am
Quoting Geene
Close +2
Hey Geene ! Don't you wanna contribute something in here for common benefit ? ooonly laughing his +2 pips ...
  • #754
  • Nov 2, 2011 7:41am Nov 2, 2011 7:41am
Quoting VennD
....
Updated ..
short @ 1.0478 + long @ 0.9893 (+585 pips)
long @ 0.9925 + short @ 1.0183 (+258 pips)
long @ 0.9927 + short @ 1.0179 (+252 pips)
long @ 0.9930 + short @ 1.0175 (+245 pips)
long @ 0.9942 + short @ 1.0172 (+230 pips)
long @ 0.9933 + short @ 1.0171 (+238 pips)
long @ 0.9982 + short @ 1.0170 (+188 pips)
long @ 1.0159 + short @ 1.0219 (+ 60 pips)
Total secured +2,056 pips ... Closed ALL except the top and bottom..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1h_06.gif Size: 44 KB
  • #755
  • Nov 2, 2011 8:29am Nov 2, 2011 8:29am
Tracking USD Index ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix1h_02.gif Size: 41 KB
Click to Enlarge Name: usdix1h_03.gif Size: 35 KB
  • #756
  • Nov 2, 2011 8:40am Nov 2, 2011 8:40am
Quoting VennD
Hey Geene ! Don't you wanna contribute something in here for common benefit ? ooonly laughing his +2 pips ...
I know what i did wrong and what i did right..

Right: sell
Wrong: TP...typo
Trader from Croatia
  • #757
  • Nov 2, 2011 8:45am Nov 2, 2011 8:45am
My long term plan for this pair is range trade between 0.9670 to 1.0670 so i am just staying aside now.
  • #758
  • Nov 2, 2011 8:50am Nov 2, 2011 8:50am
Quoting Yuchen
My long term plan for this pair is range trade between 0.9670 to 1.0670 so i am just staying aside now.
1000 pips range..why is it so important to stay aside?
Trader from Croatia
  • #759
  • Nov 2, 2011 9:00am Nov 2, 2011 9:00am
http://my.jetscreenshot.com/3270/20111102-piej-86kb.jpg

entered @ 1.0121
  • #760
  • Nov 2, 2011 9:02am Nov 2, 2011 9:02am
Quoting Geene
1000 pips range..why is it so important to stay aside?
yeah 1000 pips that's why i said for long term range..
i do not know if i should buy or sell this pair now so that's why i decide to stay aside.. in my opinion, 1H chart is downtrend but 4H chart is still uptrend with the potential to back bearish later though (cause daily chart is still bearish but not as strong as before).. kind of complicated now.
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