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USD/CAD

  • #1,101
  • Nov 28, 2011 12:34am Nov 28, 2011 12:34am
Tracking CAD Index & USD Index ...

I saw this morning CNY (Chinese Yuan) being traded against USD , AUD & CAD.

Could be that factor causes all these jumping up and down in the commodity currencies...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadlfx_1h_011.gif Size: 30 KB
Click to Enlarge Name: usdix_1h_022.gif Size: 20 KB
  • #1,102
  • Nov 28, 2011 12:53am Nov 28, 2011 12:53am
Between 6-8hrs from now ... there're US data to be released ... projected by consensus ... urmmm ... looks like a mixed data.

I don't know how true will that be ... got to re-check the technicals also.

Btw .... one of them ....

New Home Sales report is quite volatile and subject to huge revisions during this session... imo.

Trade with care !
  • #1,103
  • Edited 5:05am Nov 28, 2011 4:42am | Edited 5:05am
One of U/C characteristics is that ... it has the tendency to retrace about 180-200 pips. After that it pump the other direction for about .... pips , observe it yourselves...

I think there's a signal candle appear to .... dot dot dot ... figure it out yourselves

attached : CAD INDEX 1H & USD INDEX 1H.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadlfx_1h_022.gif Size: 30 KB
Click to Enlarge Name: usdix_1h_033.gif Size: 22 KB
  • #1,104
  • Edited 6:51am Nov 28, 2011 5:38am | Edited 6:51am
Quoting VennD
One of U/C characteristics is that ... it has the tendency to retrace about 180-200 pips. After that it pump the other direction for about .... pips , observe it yourselves...

I think there's a signal candle appear to .... dot dot dot ... figure it out yourselves
Should it doesn't want to reverse after the 200 pips retracement , ... it might add about 50 pips more ... projected to touch 1.0271.

After that ... I will tell you some more...
  • #1,105
  • Edited 6:07am Nov 28, 2011 6:06am | Edited 6:07am
Quoting VennD
U/C 5m.

No data to follow through except Japan data (6hrs from now) .

I think today is the last day of the month for me to pay Canada's oil . If I pay ... U/C goes down or consolidation ... and if I give excuses not to pay ... due to recession ... U/C goes up .

... or ... we shoot among ourselves ... gl !
The other day ... I was making fun but ... what I am trying to tell you is that ... every 25th of the month ... oil importers has to pay Canada's oil.

So ... all this retracement is about selling USD and bought CAD to settle the oil . Got it ?
  • #1,106
  • Nov 28, 2011 6:42am Nov 28, 2011 6:42am
Quoting VennD
......
short 522 + long 398 (+124 pips)

Looking forward to scalp some more ...
Therefore ... closed long 1.0398 at BE ... and re-enter long @ 1.0327 to secure +195 pips. (522-327=195).
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_daily_055.gif Size: 43 KB
  • #1,107
  • Nov 28, 2011 6:50am Nov 28, 2011 6:50am
my TP 2 target almost hit... time to go back up eh?
  • #1,108
  • Edited 7:08am Nov 28, 2011 7:00am | Edited 7:08am
Quoting SystemFX2011
my TP 2 target almost hit... time to go back up eh?
Nope ! ... might go up a bit ... yes ! because ... as long as those guys haven't finish paying ... U/C won't go up above 1.0523 .... unless .... there's some special bond buying (being offered in Europe) that might attract those big guns. therefore ... your job is to find out whether there's any bonds being sold in Europe like hot cakes ? (Germany's bond doesn't attract them ... any other Europe's bonds ?)
  • #1,109
  • Nov 28, 2011 7:07am Nov 28, 2011 7:07am
there's a long legged doji on the 30 min TF; reversal pattern, morning star on 1hr, hammer on the 4hr.



Quoting VennD
Nope ! ... might go up a bit ... yes ! because ... as long as those guys haven't finish paying ... U/C won't go up above 1.0523 .... unless .... there's some special bond buying (being offered in Europe) that might attract those big guns. therefore ... your job is to find out whether there's any bonds being sold in Europe like hot cakes ?
chance would be a fine thing matey... I don't know anything about Fundamentals, really, some, but not enough to do any damage
  • #1,110
  • Nov 28, 2011 7:16am Nov 28, 2011 7:16am
Quoting SystemFX2011
there's a long legged doji on the 30 min TF; reversal pattern, morning star on 1hr, hammer on the 4hr.

chance would be a fine thing matey... I don't know anything about Fundamentals, really, some, but not enough to do any damage
Earlier ... I saw signal candle in USDIX 1h signalling that USDIX will fall . I will mark it and post the chart ... however ... it is in 1h tf ... usually only a down retracement for U/C . If the signal candle in 4h tf ... it would be a long ride down.
  • #1,111
  • Nov 28, 2011 7:29am Nov 28, 2011 7:29am
Quoting VennD
Earlier ... I saw signal candle in USDIX 1h signalling that USDIX will fall . I will mark it and post the chart ... however ... it is in 1h tf ... usually only a down retracement for U/C . If the signal candle in 4h tf ... it would be a long ride down.
Here it is ... one of the rules in USDIX ...

Uptrend = bull candle = High = Close = 79.56 (Any same numbers will do).

usually by about 3-20 pips from that signal candle ... it will start to fall.
Attached Image (click to enlarge)
Click to Enlarge Name: usdix_1h_044.gif Size: 23 KB
  • #1,112
  • Nov 28, 2011 7:41am Nov 28, 2011 7:41am
I wouldnt mind seeing 79.56 again on USDX
  • #1,113
  • Edited 8:00am Nov 28, 2011 7:46am | Edited 8:00am
Quoting SystemFX2011
I wouldnt mind seeing 79.56 again on USDX
Maybe we will .... maybe we won't

Here is another version of USD Index (USDLFX) being traded in the market.

I don't know who they are ... cruely shorted it.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx_1h_011.gif Size: 32 KB
  • #1,114
  • Nov 28, 2011 7:55am Nov 28, 2011 7:55am
Hopefully it will pull back up around $1.027 - $1.03.
  • #1,115
  • Nov 28, 2011 8:17am Nov 28, 2011 8:17am
atm ... CAD Index is flying to the moon ...
Attached Image (click to enlarge)
Click to Enlarge Name: cadlfx_1h_033.gif Size: 30 KB
  • #1,116
  • Nov 28, 2011 8:51am Nov 28, 2011 8:51am
4h ichimoku indicates a bearish period, but I am still waiting for the daily chart. A lot of news going to be published this week
  • #1,117
  • Nov 28, 2011 8:58am Nov 28, 2011 8:58am
US Data are out to be released soon in few minutes..
  • #1,118
  • Edited Nov 29, 2011 12:28pm Nov 28, 2011 12:30pm | Edited Nov 29, 2011 12:28pm
US New Home Sales (MoM) ... not good enough to put U/C above 1.0523.

Previous = 5.7%
Consensus = 0.0%
Actual = 1.3%

attached : CAD Index & USD Index.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadlfx_1h_044.gif Size: 30 KB
Click to Enlarge Name: usdix_1h_055.gif Size: 24 KB
  • #1,119
  • Edited 12:50pm Nov 28, 2011 12:41pm | Edited 12:50pm
Quoting VennD
Therefore ... closed long 1.0398 at BE ... and re-enter long @ 1.0327 to secure +195 pips. (522-327=195).
Closed long 327 at BE ... and re-enter long @ 1.0305. Maintain short @ 1.0522. Total secured +217 pips (522-305=217).

attached : U/C Daily & 1h.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_daily_066.gif Size: 50 KB
Click to Enlarge Name: usdcad_1h_011.gif Size: 21 KB
  • #1,120
  • Edited 11:13pm Nov 28, 2011 11:02pm | Edited 11:13pm
Tracking CAD and USD Indexes ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadlfx_1h_055.gif Size: 32 KB
Click to Enlarge Name: usdix_1h_066.gif Size: 29 KB
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