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USD/CAD

  • #1,261
  • Edited 8:28am Dec 7, 2011 8:19am | Edited 8:28am
Some serious CAD sellers are every where right now ...

however ... there might be some sell orders above 225 and some mixed stops above 245 in U/C.

Careful sometimes ... around these time 12:00gmt and 16:00gmt.

Good luck !

(+1,021 pips secured in U/C)

Note :
CAD = Canadian Dollar
U/C = USD/CAD
  • #1,262
  • Dec 7, 2011 9:34am Dec 7, 2011 9:34am
Quoting VennD
Some serious CAD sellers are every where right now ...

however ... there might be some sell orders above 225 and some mixed stops above 245 in U/C.

Careful sometimes ... around these time 12:00gmt and 16:00gmt.

Good luck !

(+1,021 pips secured in U/C)

Note :
CAD = Canadian Dollar
U/C = USD/CAD
hi glasses boy, i believe you mean there are some buy stop orders for USD/CAD between 1.0225-1.0245,
but USD/CAD needs to first break 1.0140 for further up..
lets see how far it can go, looks good bullish for 1H chart now...
still hold my long at 1.01198 from yesterday, i have to admit that was an impatient trade and this pair didnt really move that much.
  • #1,263
  • Dec 7, 2011 9:51am Dec 7, 2011 9:51am
On my hourly it has been bouncing off the 61.8 fibonacci retracement (resistance?) level from the october 28th low, is it a sign that we might be continuing the down trend and fully retracing the 0.98 low?
  • #1,264
  • Edited 12:31pm Dec 7, 2011 10:17am | Edited 12:31pm
Quoting Yuchen
hi glasses boy, i believe you mean there are some buy stop orders for USD/CAD between 1.0225-1.0245,
but USD/CAD needs to first break 1.0140 for further up..
lets see how far it can go, looks good bullish for 1H chart now...
still hold my long at 1.01198 from yesterday, i have to admit that was an impatient trade and this pair didnt really move that much.
Hey Yuchen ! How are you fat boy ? Pls don't make ppl confuse. English is English . Never interpret english as how the mandarin language (Everything turn upside down)

I mean to say ...

==> sell orders above 225 (i.e 225-245)

==> Mixed Stops above 245 (i.e sell limits , buy stops , stop loss + take profit ).

Im scalping long and scalping short from 1.0065
Attached Image (click to enlarge)
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  • #1,265
  • Dec 7, 2011 10:25am Dec 7, 2011 10:25am
Quoting VennD
Hey Yuchen ! How are you ? Pls don't make ppl confuse. English is English . Never interpret english as how the mandarin language (Everything turn upside down)

I mean to say ...

==> sell orders above 225 (i.e 225-245)

==> Mixed Stops above 245 (i.e sell limits , buy stops , stop loss + take profit ).

Im long from 1.0065
Got your point glasses boy !
I am doing good, thanks and I will have a christmas party with my colleagues in 35 mins !!!!
  • #1,266
  • Dec 7, 2011 7:07pm Dec 7, 2011 7:07pm
Quoting HandsFx
Good time to enter now. I just enter my long 1.0120-1.0150 (16:00 GMT)
Seems like it will have the last drop for 1-3 more days..
cut off all my long already..
  • #1,267
  • Dec 7, 2011 10:00pm Dec 7, 2011 10:00pm
Quoting VennD
Some serious CAD sellers are every where right now ...

however ... there might be some sell orders above 225 and some mixed stops above 245 in U/C.

Careful sometimes ... around these time 12:00gmt and 16:00gmt.

Good luck !

(+1,021 pips secured in U/C)

Note :
CAD = Canadian Dollar
U/C = USD/CAD

dear VennD and for all senior expert traders...
me as a newbee wanna to asked :
if ECB cut their rate by 50 bps,than what would happenned with the E/U ?
going down or it's going UP ?
and what the influence for U/C ?
pls.give me ur's opinion.
thanx a lot & happy pips
  • #1,268
  • Edited 1:27am Dec 8, 2011 12:06am | Edited 1:27am
Quoting bestrader98
dear VennD ......
me as a newbee wanna to asked :
if ECB cut their rate by 50 bps,than what would happenned with the E/U ?
going down or it's going UP ?
Usually traders will sell E/U.

Quoting bestrader98
... and what the influence for U/C ?
pls.give me ur's opinion.thanx a lot & happy pips
U/C might go up... but in those process... " I " might lend those European banks some of " my " USD stock which " I " have right now ... billionzzz (in-order to earn interest). So ... what good does that 50 bps rate cut can do to harm E/U ? Don't you see what happened in AUD/USD ?

Why would " I " want to lend " my " money to those European Banks ? Because ... all " my " investments in EZ will be flashed down into the drains IF EURO dollar falls ... too much.

Anyhow ... EZ will still be paying their oil to Canada . Might affect much on USD rather than CAD.

I don't know about other's opinion ...

(+1,031 pips secured in U/C)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_1h_022.gif Size: 17 KB
  • #1,269
  • Dec 8, 2011 4:16am Dec 8, 2011 4:16am
Quoting VennD
Usually traders will sell E/U.


U/C might go up... but in those process... " I " might lend those European banks some of " my " USD stock which " I " have right now ... billionzzz (in-order to earn interest). So ... what good does that 50 bps rate cut can do to harm E/U ? Don't you see what happened in AUD/USD ?

Why would " I " want to lend " my " money to those European Banks ? Because ... all " my " investments in EZ will be flashed down into the drains IF EURO dollar falls ... too much.

Anyhow ... EZ will still be...

dear VennD,
based on Forecast ; the ECB would cut the rate 25 bsp from 1.25 > 1.00
meaning : we could sell the E/U right now ? or buy U/C now ?
am I right? still the enter point from the chart,that's from PA rejected.
pls.correct me if I went wrong.
thanx a lot
happy TRADE for all TRADERS
  • #1,270
  • Edited 6:57am Dec 8, 2011 6:00am | Edited 6:57am
Quoting bestrader98
dear VennD,
based on Forecast ; the ECB would cut the rate 25 bsp from 1.25 > 1.00
meaning : we could sell the E/U right now ? or buy U/C now ?
am I right? still the enter point from the chart,that's from PA rejected.
pls.correct me if I went wrong.
thanx a lot
happy TRADE for all TRADERS
Forgive me .... but newbies always impatience to take action

U wanna sell EUR/USD at the current price ? Very good ! ... Do you know that some of those 39 European banks already borrowed "my" money 9.36 billion euros ? and .... I will give them some more in due course . You are very much welcome to sell ... please ... hehehe ...

Whatever you wanna do .... wait for these to finish ...

1) ECB and BoE rate decision. (BoE rate unchanged @ 0.50%)
2) EU summit in Brussels ... commences @ 18:30 gmt.

Let me check where are those orders hiding in EUR/USD . brb ...

Hey ! ... let me see your chart analysis , please . (I'll not tell you where are the orders IF u don't post your chart. I think ... I never see your chart analysis ... not even one since Im here ... am I correct ? )
  • #1,271
  • Dec 8, 2011 7:09am Dec 8, 2011 7:09am
Quoting VennD
Forgive me .... but newbies always impatience to take action

U wanna sell EUR/USD at the current price ? Very good ! ... Do you know that some of those 39 European banks already borrowed "my" money 9.36 billion euros ? and .... I will give them some more in due course . You are very much welcome to sell ... please ... hehehe ...

Whatever you wanna do .... wait for these to finish ...

1) ECB and BoE rate decision. (BoE rate unchanged @ 0.50%)
2) EU summit in Brussels ... commences @ 18:30 gmt.

Let me check where are those orders hiding...
as you knew : i am just a newbie tradeWOMAN !
still CONFUSED how to post the Chart...still figure out how to do it !
would u like to teach me?
so why I don't asked to much...to you & others.
I am very shame NOT TO Post the chart !
very sorry than...
  • #1,272
  • Edited 8:49am Dec 8, 2011 7:22am | Edited 8:49am
Quoting bestrader98
as you knew : i am just a newbie tradeWOMAN !
still CONFUSED how to post the Chart...still figure out how to do it !
would u like to teach me?
so why I don't asked to much...to you & others.
I am very shame NOT TO Post the chart !
very sorry than...
Im sorry to tell you this ... I think you should learn all the mt4's functions and FF thread's functions ... else where ... before you learn how to trade fx. Im so sorry
  • #1,273
  • Dec 8, 2011 7:38am Dec 8, 2011 7:38am
so is it safe to assume we're hitting .98 or around there before we retest any highs?
  • #1,274
  • Dec 8, 2011 8:18am Dec 8, 2011 8:18am
Quoting adug6
so is it safe to assume we're hitting .98 or around there before we retest any highs?
How's the rocket ?

(Total secured +1,114 in U/C) :
  • #1,275
  • Dec 8, 2011 8:22am Dec 8, 2011 8:22am
Quoting VennD
How's the rocket ?

(Total secured +1,114 in U/C) :
If this isn't the definition of volatility then I don't know what is. Wow.
  • #1,276
  • Dec 8, 2011 8:43am Dec 8, 2011 8:43am
if hourly bar can close above 1.0150, will be good for bullish
  • #1,277
  • Dec 8, 2011 8:58am Dec 8, 2011 8:58am
I'm the text book suicide trader. lol.

Down $12,000 just today. I should should just get someone to reverse my buy/sell order functions, then I'd be rich.
  • #1,278
  • Dec 8, 2011 9:00am Dec 8, 2011 9:00am
Quoting adug6
I'm the text book suicide trader. lol.

Down $12,000 just today. I should should just get someone to reverse my buy/sell order functions, then I'd be rich.
what?? are you serious?? are you super rich and have a very very large account?
  • #1,279
  • Dec 8, 2011 9:04am Dec 8, 2011 9:04am
Quoting Yuchen
what?? are you serious?? are you super rich and have a very very large account?
lol..

Just a greedy amateur learning his lesson... it's okay, this is good... you can't learn without getting screwed bad enough that the lesson sticks.

I'll make it make it back.
  • #1,280
  • Dec 8, 2011 9:06am Dec 8, 2011 9:06am
Quoting adug6
lol..

Just a greedy amateur learning his lesson... it's okay, this is good... you can't learn without getting screwed bad enough that the lesson sticks.

I'll make it make it back.
yeah... i lost 20,000 dollars in total of my first 3 years trading and luckly, i started not losing now (although not earning a lot)
but i suggest you use smaller margin to trade then you will lose same pips, with less money to gain same experience.
good luck and hope we will still survive after 20 years and will close to be a trader like VennD glasses boy !
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