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USD/CAD

  • #1,281
  • Dec 8, 2011 9:10am Dec 8, 2011 9:10am
Quoting Yuchen
if hourly bar can close above 1.0150, will be good for bullish
let's see if it will test 1.0220 !
  • #1,282
  • Dec 8, 2011 9:12am Dec 8, 2011 9:12am
if we close this week above 1.094, do you think we come to bull next week?
  • #1,283
  • Dec 8, 2011 9:15am Dec 8, 2011 9:15am
Quoting Yuchen
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 !
Well I cut it down to under 9k now.. at least we're only in 4 digits now lol...

I think I'm gonna get off and regroup... mind's not thinking properly.
  • #1,284
  • Dec 8, 2011 9:18am Dec 8, 2011 9:18am
Quoting novbruff
if we close this week above 1.094, do you think we come to bull next week?
i think you made a typo, what numder do you actually mean?
  • #1,285
  • Dec 8, 2011 9:18am Dec 8, 2011 9:18am
Quoting adug6
Well I cut it down to under 9k now.. at least we're only in 4 digits now lol...

I think I'm gonna get off and regroup... mind's not thinking properly.
I ripped this thing at 1.0066 at 50% leverage, have been adding since just after claims. almost at at 70% return in an hour and a half. I knew this was coming today. at a trickle down to 1.0050 i knew it was bull$hit and divergence on the RSI.
  • #1,286
  • Dec 8, 2011 9:22am Dec 8, 2011 9:22am
if we close today above 1.02 its game over for the u/c
  • #1,287
  • Dec 8, 2011 9:29am Dec 8, 2011 9:29am
Quoting western
if we close today above 1.02 its game over for the u/c
i think 1.0223 will be more important
  • #1,288
  • Edited 9:50am Dec 8, 2011 9:40am | Edited 9:50am
Quoting Yuchen
i think 1.0223 will be more important
I'd prefer it to stay above 1.0250 . Let's rock U/C !

... but ... sell orders and mixed stops are on standbyyy .... (U know where ... , right ?)

(+1,165 pips secured in U/C)
  • #1,289
  • Dec 8, 2011 9:47am Dec 8, 2011 9:47am
Quoting Yuchen
i think you made a typo, what numder do you actually mean?
sorry i mean 1.0194-1.0200
  • #1,290
  • Dec 8, 2011 9:51am Dec 8, 2011 9:51am
Quoting novbruff
sorry i mean 1.0194-1.0200
oh, no, i dont think that level is significant.. the resistence is around 1.0223 and close above 1.0250 could be a good confirmation to break it (based on that knowledgable glasses boy VennD )
  • #1,291
  • Dec 8, 2011 9:51am Dec 8, 2011 9:51am
Quoting western
I ripped this thing at 1.0066 at 50% leverage, have been adding since just after claims. almost at at 70% return in an hour and a half. I knew this was coming today. at a trickle down to 1.0050 i knew it was bull$hit and divergence on the RSI.
Must be a great feeling

I'm gonna rock this bitch too soon enough... just gotta stop being a retard.
  • #1,292
  • Dec 8, 2011 10:05am Dec 8, 2011 10:05am
Quoting adug6
Must be a great feeling

I'm gonna rock this bitch too soon enough... just gotta stop being a retard.

I have been waiting for this since the wknd. I was just executing on a plan. I didnt think it would rip like this. 1.0050 was a big level for me....so I took it...I had a stop loss at 1.0025 and pumped in 50% leverage with a tight stop. It paid off...but it doesnt always. This was about 12 hours of planning on the wknd to develop this strategy.
  • #1,293
  • Dec 8, 2011 10:12am Dec 8, 2011 10:12am
its still going up...

man i just hope everyone keeps buying... losses cut in half... a bit of a rellief... past the 200 MA on the hourly.. thats gotta be good news?
  • #1,294
  • Dec 8, 2011 10:15am Dec 8, 2011 10:15am
Quoting adug6
its still going up...

man i just hope everyone keeps buying... losses cut in half... a bit of a rellief

Dude....this could be a late trend bounce. I dont want to get your hopes up...but 1.05? and if it continues with the trend....your looking at a higher high. Just keep your ammo tight. I was lookng for a trend bounce.....but sometimes it is late due to fundamental reasons. The fundamentals in this case didnt come thru so the trend continues.

Everyone is saying 1.0223 or 1.0250...I think its 1.0205...we close higher then that on the 4 hour....watch out. In my opinion.
  • #1,295
  • Edited 12:13pm Dec 8, 2011 10:54am | Edited 12:13pm
Quoting VennD
... probably consolidation between 1.0050 - 1.0300 ... IMO.
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.
Quoting adug6
I'm the text book suicide trader. lol.
Down $12,000 just today. I should just get someone to reverse my buy/sell order functions, then I'd be rich.
Well ... You are so generous today . Thank you very much ... and don't be jealous... there will always be tomorrow for a better one ...
Quoting western
Dude....this could be a late trend bounce. I dont want to get your hopes up...but 1.05? and if it continues with the trend....your looking at a higher high. Just keep your ammo tight. I was lookng for a trend bounce.....but sometimes it is late due to fundamental reasons. The fundamentals in this case didnt come thru so the trend continues.
Everyone is saying 1.0223 or 1.0250...I think its 1.0205...we close higher then that on the 4 hour....watch out. In my opinion.
Im happy for you . Congrate , mate .

Shall we go for consolidation ? but ... this U/C is stubborn ... suppose to do about 100 pips consolidation ...

(+1,206 pips secured in U/C)
  • #1,296
  • Edited 11:47am Dec 8, 2011 11:45am | Edited 11:47am
Careful with all the whipsaws these few days ... some more banks need about ... more than 27billion yuro.

The stock comes mostly from USD. .....Demand and supply , remember ?
  • #1,297
  • Dec 8, 2011 11:55am Dec 8, 2011 11:55am
Quoting VennD
Well ... You are so generous today . Thank you very much ... and don't be jealous... there will always be tomorrow for a better one ...
Well afterall it's the season of giving anyway... so merry christmas

But I'm only down $3500 now... (only lol).
  • #1,298
  • Dec 8, 2011 12:16pm Dec 8, 2011 12:16pm
loonie has broken out of the doldrums, trailing stops all the way to 50% fib on h4, about 1.0290 ( I think there is pent up demand to push past 1.0220

hopefully merkel and sarkozy will get the PIGS to straighten up and we can all make a penny before the holiday break....
  • #1,299
  • Edited 1:06pm Dec 8, 2011 12:59pm | Edited 1:06pm
Quoting marionette
loonie has broken out of the doldrums, trailing stops all the way to 50% fib on h4, about 1.0290 ( I think there is pent up demand to push past 1.0220

hopefully merkel and sarkozy will get the PIGS to straighten up and we can all make a penny before the holiday break....
Looking at those candles .... projected (in U/C) sell orders some where nearby 1.0225 and probably heavy sell orders around the 1.0245/50 area. Above them ... probably mixed stops (buy stops/sell limit/ stop loss/ take profit and all kinds of aliens stops) .

I expect some consolidation , first .

attached : USD Index (USDLFX) 1H.
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  • #1,300
  • Dec 8, 2011 1:25pm Dec 8, 2011 1:25pm
H1
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