USD/CAD | Page 82 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

USD/JPY - USD/CAD any thoughts? 4 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD
Exit Attachments

USD/CAD

  • #1,621
  • Dec 22, 2011 2:28pm Dec 22, 2011 2:28pm
Quoting Kas1
lookn for 10169 but could get ambushed around 10208
a push down a little more and im out
Attached Image (click to enlarge)
Click to Enlarge Name: usca.gif Size: 24 KB
  • #1,622
  • Dec 22, 2011 3:01pm Dec 22, 2011 3:01pm
14 hours, cad gdp and us durable goods orders coming out at the same time, might give this pair a significant pulse...i dont trade news, to me almost everything is reflected in price and time.
  • #1,623
  • Edited Dec 23, 2011 10:53am Dec 22, 2011 3:13pm | Edited Dec 23, 2011 10:53am
Quoting VennD
... Previous data released was US Home Sales - not good and ... insufficient fuel to heat their homes (US Crude Oil Stocks Change - down). No wonder U/C cannot go up

Next data ... US GDP (in 5hrs time) ... projected by consensus to favour USD . Lemme check my technicals how true is that ...

p/s ! I hv closed about +1,673 pips (in U/C) before I hit the sack , and leave the top and bottom as it is about +469 pips for market liquidity
U/C 1h

Locking some pips at first support ... and might add short at any rejected RES.

edited : before and after.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_1h_033.gif Size: 24 KB
Click to Enlarge Name: usdcad_1h_044.gif Size: 26 KB
Click to Enlarge Name: usdcad_1h_044b.gif Size: 31 KB
  • #1,624
  • Dec 22, 2011 3:19pm Dec 22, 2011 3:19pm
Quoting Kas1
14 hours, cad gdp and us durable goods orders coming out at the same time, might give this pair a significant pulse...i dont trade news, to me almost everything is reflected in price and time.
Mind you @ Kas1 ... this is NOT news but ... REAL DATA ... real money flowing in and out of a country . However ... you are right also ... everything has been reflected in the charts IF we know how ... some don't ... unfortunately regards !
  • #1,625
  • Edited 4:35pm Dec 22, 2011 4:32pm | Edited 4:35pm
There're 7 data to be released in the next hours . 2 data are important .

Consensus ...

-US Core Durable Goods Orders (MoM) / 1.1% <> 0.5% / Sell UC
-CAD GDP (MoM) / 0.2% <> 0.1% / Buy UC

The others are 4 of Moderate votality and 1 Low votality.

Your timing is also important ... when to get in and when to get out ... in regards to the above consensus IF materialize (1 sell , 1 buy )

Expections on each ups and downs ...

High Votality = 80-250 pips ... on each of the data.
Moderate Votality = 20-40 pips ... each.
Low Votality = 10-20 pips ... each.

Anyway ... don't let yourselves be confused ... mind only the charts ... and you will be on the way to become ... among the millionaires ... because of forex

good luck !
  • #1,626
  • Dec 22, 2011 5:00pm Dec 22, 2011 5:00pm
Quoting VennD
...this is NOT news but...REAL DATA...
ur right

Quoting VennD
High Votality = 80-250 pips ... on each of the data.
Moderate Votality = 20-40 pips ... each.
Low Votality = 10-20 pips ... each.
good info...
  • #1,627
  • Dec 22, 2011 9:18pm Dec 22, 2011 9:18pm
Venn,

Good information. Thanks.

When you were learning about forex did you have any books that you found to be particularly helpful?
  • #1,628
  • Dec 22, 2011 9:33pm Dec 22, 2011 9:33pm
Quoting VennD
I think that rather dangerous . Might be some big money somewhere nearby... just below that . Im incline towards short than long thou , ... we can try . Expect some pull back to the upsides . Regards !

edited : Foreigners are buying Canada's Securities. IF they are heavy ... U/C suppose to go down.
It is like this VennD, when you have a 'proven' system / method, when it gives signal, you take the trade.

The trade itself means nothing, whether it wins or loses, it is not about me being right - ANYTHING CAN HAPPEN

The only thing I can control is how much is lost, I do this with percentage of account RISK and use proper POSITION SIZING

Then move on to the next trade, will keep you updated, but I know most posting here are short term traders...
Attached Image (click to enlarge)
Click to Enlarge Name: 0003.png Size: 14 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,629
  • Dec 22, 2011 10:27pm Dec 22, 2011 10:27pm
Quoting Erebus
It is like this VennD, when you have a 'proven' system / method, when it gives signal, you take the trade.

The trade itself means nothing, whether it wins or loses, it is not about me being right - ANYTHING CAN HAPPEN

The only thing I can control is how much is lost, I do this with percentage of account RISK and use proper POSITION SIZING

Then move on to the next trade, will keep you updated, but I know most posting here are short term traders...
well said ... profits is all that matters . thank you for your explanation.
  • #1,630
  • Edited 11:04pm Dec 22, 2011 10:44pm | Edited 11:04pm
Quoting scarroll
Venn,
Good information. Thanks.
When you were learning about forex did you have any books that you found to be particularly helpful?
Quoting VennD
yeah ... fyi ... I only heard abt indicators in 2005 . My nannies never told me that there are indicators for trading currencies when I was 3 y/o ... no platforms what so ever ! The notice board in the banks are our platform...
No Ma'am , I learn by doing . Trade naked charts - PA .

Purposely place ... TLs / Channels / Fibo , Signal Candles/Patterns , etc ... so that u can understand what Im trying to tell you.

Note: In those days ... we don't use bro kers . Only deal directly with the banks . So ... we keep all our real foreign currency notes in the banks (safe deposit boxes) . Now ... everything has changed . Thank you to my nannies ... for making me look stooopid
  • #1,631
  • Dec 22, 2011 11:13pm Dec 22, 2011 11:13pm
Where are we now ? ... I guess moving on to 169 / 142 ... after that it might rise to heaven ?
  • #1,632
  • Edited 6:37am Dec 23, 2011 1:49am | Edited 6:37am
Quoting VennD
U/C 5m @ 1.0246 ... +31
Quoting VennD
... Locking some pips at first support ... and might add short at any rejected RES.
I saw something amusing . Ascending TL broken (post # 1623). Closed previous long (203) at BE. Maintain the upper short (265).

After that ... I saw signal candle in 1h tf to reverse entry (from short to long). Probably it is just a long scalp . Entered long at 185 just to secure the pips gain (+80 pips). Probably also ... it is rejected by one of the supports @ 179 (edited).

Will see what happen next ...
  • #1,633
  • Edited 10:46am Dec 23, 2011 2:52am | Edited 10:46am
Kas1 ,

There ! ... One of my skunk riders has been found guilty ... locked up ... and hanged

IF it is not dead yet ... it will escape ... rising ... and run amok !

edited : before and after.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_1h_022.gif Size: 32 KB
Click to Enlarge Name: usdcad_1h_033.gif Size: 34 KB
  • #1,634
  • Edited 6:39am Dec 23, 2011 6:06am | Edited 6:39am
Those 2 important data mentioned earlier as per consensus - materialized.

Stll hanging in here ... long scalp @ 185 with trailing stop loss. Maintain short position @ 265 (+80 pips secured).
  • #1,635
  • Edited 7:48am Dec 23, 2011 6:53am | Edited 7:48am
That kiwi is going down because recently it has been hit with earthquake ... but after few days later ... it will shoot up after receiving insurance money ... probably from UK (gbp/nzd - might down at that point in time).

But all those are just for me ... am not making any calls in here about nzdusd and gbpnzd.

attached:

nzdusd 15m - short
usdix 1h

gbpnzd 15m - long , consider it as paying insurance premium ... atm. When the times come reverse both pairs entries (all in all ... 4X gains )...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd_15m_011.gif Size: 30 KB
Click to Enlarge Name: usdix_1h_011.gif Size: 19 KB
Click to Enlarge Name: gbpnzd_15m_011.gif Size: 34 KB
  • #1,636
  • Edited 8:35am Dec 23, 2011 8:31am | Edited 8:35am
Quoting VennD
Those 2 important data mentioned earlier as per consensus - materialized.

Stll hanging in here ... long scalp @ 185 with trailing stop loss. Maintain short position @ 265 (+80 pips secured).
U/C hasn't make a move eh ?

Anyhow ... closed long 185 at BE+1 and re-enter long @ 183 . Maintain short @ 265 , (+82 pips secured).

5.5hrs to market close...
  • #1,637
  • Dec 23, 2011 8:48am Dec 23, 2011 8:48am
As expected it has been an extremely slow day for any movement. I opened a short at 1.0195. Just an extremely small position risking only 1.0% of my account. I'll hold it over the holidays and wait for U/C to drop...as long as it continues it's downward trend. It should retrace back to 1.0110 or 1.0050 within the next few weeks and I don't mind holding the position for a while.
  • #1,638
  • Edited 11:00am Dec 23, 2011 9:14am | Edited 11:00am
Quoting scarroll
As expected it has been an extremely slow day for any movement. I opened a short at 1.0195. Just an extremely small position risking only 1.0% of my account. I'll hold it over the holidays and wait for U/C to drop...as long as it continues it's downward trend. It should retrace back to 1.0110 or 1.0050 within the next few weeks and I don't mind holding the position for a while.
USDCAD INDEXES 30m

If CAD doesn't wanna fall ... shoot it down ! That will make U/C goes up ... to take ... @ scarroll 's mooneyyy ... (just kidding here , @ scarroll).

edited : short position revised.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_indexes_30m_011.gif Size: 38 KB
Click to Enlarge Name: usdcad_indexes_30m_022.gif Size: 38 KB
  • #1,639
  • Dec 23, 2011 10:29am Dec 23, 2011 10:29am
...just move down already, 10169 tp
Attached Image (click to enlarge)
Click to Enlarge Name: usca.gif Size: 23 KB
  • #1,640
  • Edited 11:40am Dec 23, 2011 11:02am | Edited 11:40am
Quoting Kas1
...just move down already, 10169 tp
Not yettt ... moving up againnn ... @ 1.0198 now ... and keep on pushing up ...

(edited)
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_5m_011.gif Size: 16 KB
16 traders viewing now