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USD/CAD

  • #1,181
  • Dec 2, 2011 4:23am Dec 2, 2011 4:23am
more us data to come later on
  • #1,182
  • Dec 2, 2011 4:28am Dec 2, 2011 4:28am
Quoting adug6
i got screwed too... wow and i was so confident i was going to make a killing lol wow
It still possible to drop, but NFP is very high risk and volatile, with CAD data not in favor, I rather move out than gamble with NFP result again..
  • #1,183
  • Dec 2, 2011 4:39am Dec 2, 2011 4:39am
Quoting HandsFx
It still possible to drop, but NFP is very high risk and volatile, with CAD data not in favor, I rather move out than gamble with NFP result again..
an expensive lesson i learned today... i thought i was being smart shorting it down... somebody is having fun with my money
  • #1,184
  • Dec 2, 2011 4:43am Dec 2, 2011 4:43am
after the announcements im just going to go all in an let it ride for for months until it gets back up there... i lose more trying to time things.
  • #1,185
  • Dec 2, 2011 4:52am Dec 2, 2011 4:52am
Quoting adug6
an expensive lesson i learned today... i thought i was being smart shorting it down... somebody is having fun with my money
You just start short it today? Its very late to short today, you should just wait for opportunity to long instead if you don't have any position earlier.. Later on NFP will be even more volatile, be careful with your trade..
  • #1,186
  • Dec 2, 2011 4:56am Dec 2, 2011 4:56am
Quoting HandsFx
You just start short it today? Its very late to short today, you should just wait for opportunity to long instead if you don't have any position earlier.. Later on NFP will be even more volatile, be careful with your trade..
I was shorting it it because i was pretty sure it was going to to hit the bottom support level, then i was going to go long from there... and just leave it until it retraces back to highs. I should have known better. But there's no such thing as a free lesson I guess. What are your plans?
  • #1,187
  • Dec 2, 2011 5:00am Dec 2, 2011 5:00am
Quoting adug6
I was shorting it it because i was pretty sure it was going to to hit the bottom support level, then i was going to go long from there... and just leave it until it retraces back to highs. I should have known better. But there's no such thing as a free lesson I guess. What are your plans?
just relax, those news just have a short term effect. I went short earlier ago and i will keep them till mid next week depending on the development. I dont think we have reached the low yet. Just look at your d1 chart.
  • #1,188
  • Dec 2, 2011 5:02am Dec 2, 2011 5:02am
Quoting adug6
I was shorting it it because i was pretty sure it was going to to hit the bottom support level, then i was going to go long from there... and just leave it until it retraces back to highs. I should have known better. But there's no such thing as a free lesson I guess. What are your plans?
My original plan of the day: Close my short by end of the day today and long usdcad on monday if:
1. CAD data good or as forecasted
2. NFP result is good or as forecasted

With the condition 1 already not in favor, I rather clear of my position and watch and wait for new opportunity.. Let's see how it goes..
  • #1,189
  • Edited 9:50pm Dec 2, 2011 5:24am | Edited 9:50pm
Quoting adug6
an expensive lesson i learned today... i thought i was being smart shorting it down... somebody is having fun with my money
Definately not me ... A plan .... must have a counter-measure ...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_1h_077.gif Size: 20 KB
  • #1,190
  • Dec 2, 2011 5:40am Dec 2, 2011 5:40am
0.4% of the work force have stopped looking for work.

Good thing I DIDN'T pull out of my losing USD/CAD long prematurely.
Risk-off back on. Finally.
  • #1,191
  • Dec 2, 2011 6:00am Dec 2, 2011 6:00am
Quoting kibescorp
0.4% of the work force have stopped looking for work.

Good thing I DIDN'T pull out of my losing USD/CAD long prematurely.
Risk-off back on. Finally.
yup.. with NFP passed, it looks safe to long usdcad now, but I will only enter on monday to enjoy better weekend
It might create double bottom later on around 4am..
  • #1,192
  • Dec 2, 2011 6:27am Dec 2, 2011 6:27am
touched a trend line on a daily chart quite nicely....
Attached Image (click to enlarge)
Click to Enlarge Name: 11-12-02_09-24-32_USDCAD.jpg Size: 171 KB
  • #1,193
  • Dec 2, 2011 6:46am Dec 2, 2011 6:46am
This bullish resurgence needs to continue ... I still have a long way to go before my position changes from red to green! Damn the ECB.
  • #1,194
  • Edited 9:57pm Dec 2, 2011 6:49am | Edited 9:57pm
Another version of USD Index (USDLFX) being traded in the market.

Securing +374 pips. (Watch the tail if you are going long on U/C ... )
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx_1h_011.gif Size: 35 KB
  • #1,195
  • Dec 2, 2011 7:06am Dec 2, 2011 7:06am
Quoting kibescorp
This bullish resurgence needs to continue ... I still have a long way to go before my position changes from red to green! Damn the ECB.
u long at what price?
  • #1,196
  • Dec 2, 2011 8:27am Dec 2, 2011 8:27am
Quoting sneaky_russian
touched a trend line on a daily chart quite nicely.... Attachment

Yes i saw that...but i waited for confirmation.....nice post by the way sneaky russian. that was a sneaky post. Also...Look at Eur/CAD it is just bouncing off its trend line...its usually a lag to the usdcad. Good trade on that puppy right now.
  • #1,197
  • Dec 2, 2011 10:17am Dec 2, 2011 10:17am
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_1h_011.gif Size: 20 KB
Click to Enlarge Name: usdcad_daily_011.gif Size: 34 KB
  • #1,198
  • Dec 2, 2011 11:52am Dec 2, 2011 11:52am
Quoting HandsFx
u long at what price?
A bit too embarrassing to reveal ...

... but it hasn't gotten up there yet.
  • #1,199
  • Edited 11:55pm Dec 2, 2011 11:34pm | Edited 11:55pm
Tracking CAD Index and USD Index as at market close ...

Does unemployment rate really drops in US ? Even the figures say so ... I still have doubt on it ... there must be something missing ... some where ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadlfx_1h_022.gif Size: 41 KB
Click to Enlarge Name: usdx_1h_011.gif Size: 32 KB
  • #1,200
  • Edited 1:21am Dec 3, 2011 1:19am | Edited 1:21am
Do you trade EUR/USD ? If you do ... besides considering EZ problems ... also do remember ... US problems . Those in chart are possibilities only ... might also re-visit 1.37 / 1.38 IF it decides to continue the uptrend.

Does my chart looks sloopy ... with many lines ? Yes it does ... but mind you ... my trendlines represent where the big monies are ... How about yours ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_1h_011.gif Size: 43 KB
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