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USD/CAD

  • #1,341
  • Dec 9, 2011 10:05am Dec 9, 2011 10:05am
Quoting doughnut
I wonder if he will post his losses seem he do not lol.
Ya, most people always "realize" their profits and "forgot" their losses..
if a he trades 50% margin and he earn 100 times but the last time some extra-ordinary news released and market went wrong on his direction by 200 pips or he had a wrong trade that lost 200 pips then he will blow his account by 101th time. I think his account may not super large so he trade 50% because he doesnt really care if he really lose all the money, but after he has a larger account, he may not trade 50%..

Quoting western
get to know the aud/cad extensively...then understand the usd/cad and the aud/usd and you will know what I mean. Then that risk isnt really that risky. .
i know what do you mean and i just give you my suggestion because i had something like you before and i eventually blow my account, and i am not afraid of you laugh at me, i repeated this kind of mistake by 4 times (for more than 50% margin) and another 7 times by keep adding position at losing (which is another similar way as trading huge margin, but if you are winning and adding new position it is safe if you place your winning trade s/l b/e or average your trade s/l b/e or at some small reasonable loss), i finally learned and i just dont want you repeat my mistake because i know the feeling is very sad.

we will never know the market and we can never control the price the only thing we can 100% control is our risk.
  • #1,342
  • Dec 9, 2011 10:20am Dec 9, 2011 10:20am
Quoting Yuchen
Ya, most people always "realize" their profits and "forgot" their losses..
if a he trades 50% margin and he earn 100 times but the last time some extra-ordinary news released and market went wrong on his direction by 200 pips or he had a wrong trade that lost 200 pips then he will blow his account by 101th time. I think his account may not super large so he trade 50% because he doesnt really care if he really lose all the money, but after he has a larger account, he may not trade 50%..



i know what do you mean and i just give you my suggestion...
my opinon on the cad....we are over valued by about 400 pips.
  • #1,343
  • Dec 9, 2011 11:07am Dec 9, 2011 11:07am
Quoting western
Ripped it again at 1.0210
That's what I like to hear
  • #1,344
  • Edited Dec 10, 2011 4:00am Dec 9, 2011 11:27am | Edited Dec 10, 2011 4:00am
CAD Trade Balance falls unexpectedly ... worst than forecast.

Crude falls to $98.53 on concerns about EZ Debt crisis..

Locked short scalpers at +251 pips.
Attached Image (click to enlarge)
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  • #1,345
  • Dec 9, 2011 1:52pm Dec 9, 2011 1:52pm
Head and shoulders on UC?
Attached Image (click to enlarge)
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Any prices quoted are futures
  • #1,346
  • Dec 9, 2011 2:05pm Dec 9, 2011 2:05pm
Quoting redteamgo
Head and shoulders on UC?
does not look like a textbook H&S to me... looks like more like a choppy sign wave...
  • #1,347
  • Dec 9, 2011 2:08pm Dec 9, 2011 2:08pm
Quoting adug6
does not look like a textbook H&S to me... looks like more like a choppy sign wave...
yeah its definitely not symmetrical... hm.

thanks for your input!
Any prices quoted are futures
  • #1,348
  • Dec 9, 2011 2:11pm Dec 9, 2011 2:11pm
For those longing usdcad, you may consider to take your profit as there is a potential gap down on monday.. Good luck and trade with care
  • #1,349
  • Dec 9, 2011 2:17pm Dec 9, 2011 2:17pm
Quoting HandsFx
For those longing usdcad, you may consider to take your profit as there is a potential gap down on monday.. Good luck and trade with care
Gap down from what?
  • #1,350
  • Dec 10, 2011 5:03am Dec 10, 2011 5:03am
Quoting adug6
Gap down from what?
Based on my timing calculation, but of course I might be wrong as well
  • #1,351
  • Dec 10, 2011 6:03am Dec 10, 2011 6:03am
Quoting HandsFx
For those longing usdcad, you may consider to take your profit as there is a potential gap down on monday.. Good luck and trade with care
hey CAD thread


if you are doing cycle work that is totally personal and differs from one to others.

based on my cycle its time to go long and its backed with some support lines.

just to add several more perks its currently 38.2 fib retrace of the uptrend swing and a possible end of wave 2 in the elliot wave cycle.

i would be warry though below there is an intersection of angles and that might be place to go long. its 61.8 retrace at the below intersection near the red arrow. price has to make it there in 48 hourly bars. if it doesnt and bounces here it becomes invalid.

i might send a scout to go long on this level
enjoy

i highligted it in yellow to show that this might be critical support to go long.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #1,352
  • Edited 11:23pm Dec 10, 2011 11:18pm | Edited 11:23pm
Sorry for the wrong thread to post ......

Will post USD/CAD later ... after I wake up from my dreams ...

There're some correlations in those charts with USD/CAD & EUR/USD.

attached : i ) EUR/AUD 1H vs. AUD/USD 1H . ii ) AUD/USD 15m
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  • #1,353
  • Dec 10, 2011 11:37pm Dec 10, 2011 11:37pm
USDX vs CADX 15m tf.

Hitting the sack now ...

(sign off)
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  • #1,354
  • Edited 10:37am Dec 11, 2011 8:48am | Edited 10:37am
I'll go with the bulls and bears on a mission - slaughtering

BTW ... how much does grapes with the best quality cost in your country per kg ?
Attached Image(s) (click to enlarge)
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  • #1,355
  • Dec 11, 2011 6:49pm Dec 11, 2011 6:49pm
Quoting doughnut
In my opinion it would be good to buy at 1.0174 target 1.0350
My target was reached 30 pip stop loss.
Trade less make more!
  • #1,356
  • Edited 9:06pm Dec 11, 2011 7:56pm | Edited 9:06pm
Quoting doughnut
My target was reached 30 pip stop loss.
You are very good ! ... May I know what're your confluences for that precise entry ?
Quoting VennD
CAD Trade Balance falls unexpectedly ... worst than forecast. Crude falls to $98.53 on concerns about EZ Debt crisis..
Locked short scalpers at +251 pips.
Carried fwd trades from last Friday ... locked at +332 pips ... atm.

It didn't closed above 250 last Friday but never mind ... just do what you know best for you and for me
  • #1,357
  • Dec 11, 2011 8:27pm Dec 11, 2011 8:27pm
Quoting VennD
You are very good ! ... May I know what're your confluences for that precise entry ?

Carried fwd trades from last Friday ... locked at +332 ... atm.

It didn't closed above 250 last Friday but never mind ... just do what you know best for you and for me
I was the suport area from December 6 however if it doesn't hold 1.0156 will be my next buying area. The way I make my entry are based on 15 min charts however I use 8 hr charts for the big picture.
Trade less make more!
  • #1,358
  • Edited 8:35pm Dec 11, 2011 8:32pm | Edited 8:35pm
Quoting doughnut
I was the suport area from December 6 however if it doesn't hold 1.0156 will be my next buying area. The way I make my entry are based on 15 min charts however I use 8 hr charts for the big picture.
ok ! understood . thanks . I hope u still remember what are there to expect above 225 - 300.
  • #1,359
  • Dec 11, 2011 8:45pm Dec 11, 2011 8:45pm
Quoting VennD
ok ! understood . thanks . I hope u still remember what are there to expect above 225 - 300.
I'm assuming there will be a lot of sellers there I will close half my position and then invest in larger stops for the other half. I am convinced however this market is going higher. I have positions still open from December 7 entry at 1.0081 but I don't like making entry's on Sunday nite we see what happens.
Trade less make more!
  • #1,360
  • Dec 11, 2011 9:00pm Dec 11, 2011 9:00pm
Quoting doughnut
I'm assuming there will be a lot of sellers there I will close half my position and then invest in larger stops for the other half. I am convinced however this market is going higher. I have positions still open from December 7 entry at 1.0081 but I don't like making entry's on Sunday nite we see what happens.
yeah ... most of them probably potential sellers , .... above 320 might be potential buyers ...
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