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USD/CAD

  • #1,001
  • Nov 15, 2011 9:46pm Nov 15, 2011 9:46pm
Tracking USDIX 5m , 15m , 30m & 4h.
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  • #1,002
  • Edited 12:48am Nov 16, 2011 12:46am | Edited 12:48am
Quoting VennD
... maybe U/C is targeting 325 ,...
long 251 short 284 (+33 pips).
Today's trading maybe a bit choppy due to Brent's December crude contract and U.S. December crude options expired,

Oil's prices might be volatile ...

Closed the abv long at BE ... and re-enter long @ 247 (+37 pips).

added ...

short 281 long 248 (+33 pips) , short 280 long 249 (+31 pips).

Total secured +101 pips.
  • #1,003
  • Edited 1:50am Nov 16, 2011 1:09am | Edited 1:50am
Look at this AU ... jumping like a mad cattle ......
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  • #1,004
  • Edited 5:03am Nov 16, 2011 3:29am | Edited 5:03am
Quoting VennD
...
short 284 long 247 (+37)
short 281 long 248 (+33)
short 280 long 249 (+31)
Total secured +101 pips.
Closed all those 3 longs at BE ... re-enter longs 215x3 (+200 pips)
added...
long 223 short 281 (+58). TTL secured +258 pips...

Note : Scalping is not suitable if u do not study the higher time frames scenario. Secondly , it is not suitable also if you ignore the news/fundies because ... if suddenly an exporter threw a big order into the markets ... spike triggers your stop loss . Thirdly, numerous occasion some big market participants create rumors (make-ups) for their own short term interests, and you are thrown out of the trade. Bye bye you go ...

US Data : In 1-3hrs from now 10 US data to be released. 2 of them are of high impact , might trigger mr.spikes on both directions ...

I'll stop scalping in a moment till they release those data. Good luck to your trades... !
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  • #1,005
  • Nov 16, 2011 6:56am Nov 16, 2011 6:56am
5m
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  • #1,006
  • Edited 6:44pm Nov 16, 2011 6:40pm | Edited 6:44pm
Quoting VennD
Today's trading maybe a bit choppy due to Brent's December crude contract and U.S. December crude options expired,

Oil's prices might be volatile ....
US Industrial Productions rises,... that's one of the reason why U/C goes up ... besides the fluctuations of oil prices ... but ... if you try to chase the price ... u might be late ... why ? ... I don't know ... U figure it out yourselves...

Only buy at rejected supports and only sell at rejected resistances...

Im now secured with +1,109 pips.

Will come out the next projected orders in a moment ... brb...
  • #1,007
  • Edited 8:09pm Nov 16, 2011 7:08pm | Edited 8:09pm
atm ... Crude $101.94/b (-0.64%)

There're several data (USD and CAD) to be released 9-10hrs from now ... so ... before those data .... the following are the orders...

Sell Orders = 250~375
Buy Orders = 135~230

Other groups ...

Sell Orders = 310~430
Buy Orders = 080~200

attached : U/C 5m , 15m & 30m.

Good Luck !
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  • #1,008
  • Nov 16, 2011 10:42pm Nov 16, 2011 10:42pm
So do you expect the USD/CAD to go down anytime soon?
  • #1,009
  • Nov 16, 2011 11:02pm Nov 16, 2011 11:02pm
[email protected]= 1.0082...sl= 1.0280
It is possible to make large sums trading, small losses, large wins
  • #1,010
  • Edited 11:35pm Nov 16, 2011 11:27pm | Edited 11:35pm
Quoting Bill88
So do you expect the USD/CAD to go down anytime soon?
Can we take out the word " soon" from your sentence ?

Nothing goes up without going down ... and vice versa. Everybody knows ... the prime mover of U/C is the US data because US is the biggest trading partner for Canada follow by Japan ... I think so ....

However ... just a note to you and the others ... there might be people betting on 1.0300 ... some where around that area ... against the market ... for whatever reason they may have. If PA trade / touch that lottery number ... somebody has to pay somebody ... in millions of course.

So ... what do you think now ? Might ... or might not ... market touch that lottery number ? It's up to you how to trade this... Good Luck !
  • #1,011
  • Nov 16, 2011 11:39pm Nov 16, 2011 11:39pm
I'm currently in a USD/CAD Sell
I got in at 1.0024
In your opinion, what are the chances of it going below that anytime
in the near future?
  • #1,012
  • Edited Nov 17, 2011 12:02am Nov 16, 2011 11:54pm | Edited Nov 17, 2011 12:02am
Quoting Bill88
I'm currently in a USD/CAD Sell
I got in at 1.0024
In your opinion, what are the chances of it going below that anytime
in the near future?
Usually ... when oil prices goes up ... U/C falls ... but ... we also has to consider of US requirement towards Canada (oil) and vice versa (electronic goods, etc).

Why don't you try ... to google what are the next fundamentals projections and also ... what does your technicals charts projected to you ? . Pls don't ask me .... coz Im only scalping using the lower time frames

Hopes ... there will be spikes to below 1.0000 due to that orders. Then ... u can get out if u are fast enough

Hey ! why don't u post your chart analysis in here ... let me see.

atm ... Crude $102.53/b
  • #1,013
  • Nov 17, 2011 3:05am Nov 17, 2011 3:05am
Look at the moustache carefully ... how does it ride ?
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  • #1,014
  • Nov 17, 2011 3:42am Nov 17, 2011 3:42am
targeting 1.0295..next resistance level
  • #1,015
  • Nov 17, 2011 3:46am Nov 17, 2011 3:46am
crude oil looks like its has reversed on the 1 hour chart......bearish for CAD
  • #1,016
  • Edited 6:36am Nov 17, 2011 6:07am | Edited 6:36am
5m , 15m & 30m ... (+1,302 pips secured)
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  • #1,017
  • Edited 4:01pm Nov 17, 2011 3:12pm | Edited 4:01pm
Canadaian Stocks falls ...
Crude down a bit to $98.67/b ...

Both means U/C ups or at least holds ...

Here comes another alien ... this one a bit moroon ... feeds on humans ... maybe later ... it might eat all the skunks up there ...

As of now ... maybe making down retracement ... until 12hrs later ... we may see another blow towards the resistances because ... 12hrs later ... CAD data will be released and was projected by consensus to favour USD but ... sometimes ... the table turn upside down also ... therefore you got to watch your charts very carefully ...

I'll check what are the next projected orders ... and will update them here ...

Good luck to you ! Hopes ... you can be among the millionaires ... due to forex

(+1,618 pips secured).
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  • #1,018
  • Edited 6:37pm Nov 17, 2011 4:24pm | Edited 6:37pm
Quoting shripsfx
targeting 1.0295..next resistance level
1.0295 Blown ! ... another 5 pips ... that somebody has to pay my nannies ...

(edited)
shy by 4 pips to 1.0300
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  • #1,019
  • Edited 4:49pm Nov 17, 2011 4:48pm | Edited 4:49pm
Quoting VennD
...
Sell Orders = 250~375
Buy Orders = 135~230

Other groups ...

Sell Orders = 310~430
Buy Orders = 080~200
Good Luck !
Sell Orders = 305~390
Buy Orders = 170~285

Other Groups ...
Sell Orders = 335~425
Buy Orders = 170~250

Relate those orders with your technicals and ... shoot ! As always ... who has the most money ... wins ! Period.

Good Luck to everybody...
  • #1,020
  • Edited 7:39pm Nov 17, 2011 7:14pm | Edited 7:39pm
Quoting VennD
...
(+1,618 pips secured).
short 296 long 270 (+26 pips)
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