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USD/CAD

  • #2,041
  • Edited 11:37pm Jan 13, 2012 11:14pm | Edited 11:37pm
@ izzas ,

With ref to my answer to you # 2035.

The 1st chart has been posted earlier (# 2000).
Look at how the trap was setup and / or ... when market opposed to an idea.
How was my counter-measured in there ? ... should my BE+1 taken out ?
Quoting PhAnTi'
whats your take on cable?
Quoting VennD
Looking at those candles ... probably above 1.5420 could be interesting also ... juz an opinion thou ... and NOT to forget below mine
I think PhAnTi loves that cable very much .
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  • #2,042
  • Jan 13, 2012 11:36pm Jan 13, 2012 11:36pm
Quoting Kas1
you may like this venn
Hey Kas1 , thank you ... but ... I don't understand how it works. It keeps on re-printing ... almost got me wrong on the actual RES level at that point in time. Anyway ... thank you once again.

Lets enjoy our weekend !
  • #2,043
  • Edited Jan 15, 2012 7:42am Jan 14, 2012 11:23am | Edited Jan 15, 2012 7:42am
@ Kas1 ,

Just a guess ... I think that Mr.Nick didn't lost a single dime ...

It's just a matter of ... OUT from the left pocket ... and goes back INTO the right pocket !
  • #2,044
  • Jan 14, 2012 11:37am Jan 14, 2012 11:37am
Quoting VennD
@ Kas1 ,

Just a guess ... I think that Mr.Nick doesn't lost a single dime ...

It's just a matter of ... OUT from the left pocket ... and goes back INTO the right pocket !
Venn...thanks for your money this week....I appreciate it!

Also..TIA for your money in the upcoming week too...

I'll just keep giving you my charts...and you can post them....then I will do the opposite of your trades. Here is a double thumbs up
  • #2,045
  • Edited Jan 15, 2012 7:23am Jan 14, 2012 11:43am | Edited Jan 15, 2012 7:23am
Quoting western
Venn...thanks for your money this week....I appreciate it! Also..TIA for your money in the upcoming week too...
?my money? What you got in there is not mine but ... the market's money. I would never give you even a single dime. yeah ! ... probably u can get tons of it (next week)
Quoting western
I'll just keep giving you my charts...and you can post them....
Is that a joke ?? What is that do you meant ? U gave me charts ? When ? BTW ... May you post your analysis charts on U/C, pls . ?
Quoting western
... then I will do the opposite of your trades
That would make other ppl reluctant to post charts / analysis just like you do ?
  • #2,046
  • Jan 14, 2012 11:59am Jan 14, 2012 11:59am
Quoting VennD
It is called ... sharing the market's money.

yeah ! ... probably u can get tons of it (next week)

BTW ... what's your analysis for next week on U/C ? (If you're kind to tell us ?)
i have no idea where u/c is going....could go down...could go up. I am not going to play it this week..or any other cad crosses until the boc announcement and I get more confirmation from the iran situation...which I doubt it. whats the impact if iran shuts it down? U/C go up or down? some say up..some say down. But...i have a slight feeling once we establish out of this wedge we go down heavy..which means iran blocks the gate and oil goes to 150.00...which they will. once we break 1.0075 and then onto 1.0051 to watch..we bust thru that with confidence....get on the train! thats my gut feeling....but i am ping pong with you.
  • #2,047
  • Edited Jan 15, 2012 4:40am Jan 14, 2012 12:03pm | Edited Jan 15, 2012 4:40am
Quoting western
i have no idea where u/c is going....could go down...could go up. I am not going to play it this week..or any other cad crosses until the boc announcement and I get more confirmation from the iran situation...which I doubt it. whats the impact if iran shuts it down? U/C go up or down? some say up..some say down.
Both are true.

Iran shut it down = Oil price UP = CAD strenght.
US battleships around = USD strenght.

So ... that's why I said ... "Ignition to ping pong !"

ah ! just scalp the waves up and down. (We haven't gone out yet from the daily diagonal).

edit : Watch that Deep Sky Blue line up there . It has been 'long' to be touched !
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  • #2,048
  • Jan 14, 2012 12:07pm Jan 14, 2012 12:07pm
Quoting VennD
Both are true.

Iran shut it down = Oil price UP = CAD strenght.
US battleships around = USD strenght.

So ... that's why I said ... "Ignition to ping pong !"

ah ! just scalp the waves up and down.

but whats safe to trade? high interest rated countries?
  • #2,049
  • Edited 12:52pm Jan 14, 2012 12:25pm | Edited 12:52pm
Quoting western
but whats safe to trade? high interest rated countries?
Those like ... buy aud/usd and nzd/usd , example , only buy if they are rejected by SUP.

In the case of U/C , then u should go as sellers (if rejected by RES) , only if you want to keep it overnight. Long scalp only thou.

U/C 30m charts.

edit : added BB, MAs and EMAs on the 2nd chart.
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  • #2,050
  • Jan 14, 2012 2:19pm Jan 14, 2012 2:19pm
0.9830 provided support for the pair during September. 0.9780, where the current run began is the next and important support line.

I am bullish on USD/CAD.

The situation in Europe is deteriorating at a faster pace, and this certainly helps the US dollar. Also fresh worrying American signs have a weakening effect on the Canadian dollar. Another external influence is the tensions around Iran, tensions which push oil prices higher together with the loonie. But all in all, the Canadian dollar is under pressure. In Canada, the rate decision will like send a concerned message.
  • #2,051
  • Jan 14, 2012 4:31pm Jan 14, 2012 4:31pm
Quoting VennD
Hey Kas1 , thank you ... but ... I don't understand how it works. It keeps on re-printing ... almost got me wrong on the actual RES level at that point in time. Anyway ... thank you once again.

Lets enjoy our weekend !
no problem...yeah, it resets when the bar closes because it draws from the last x number of bars...you can change the periods back and the time frame it shifts on
  • #2,052
  • Jan 14, 2012 4:44pm Jan 14, 2012 4:44pm
demand to be tested around 1.0175 i think
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  • #2,053
  • Jan 14, 2012 6:32pm Jan 14, 2012 6:32pm
probably a mess here but fun to play with...
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  • #2,054
  • Jan 14, 2012 8:50pm Jan 14, 2012 8:50pm
It's hard to understand for me where the USDCAD pair is going short term. That's why I am checking out the separate charts for USD and CAD index against the baskets of other currencies.

Comments to my ugly charts:

$USD chart
---------
I think the USD will pull back a little bit to the 80-79 level, and after that it will probably will jump higher to 83-84.


$CAD chart
----------
I think CAD will go higher to 0.990-0.995 (resistance line on the chart), and after that it will go down.

At this moment I am short on USDCAD, and if you followed my posts I am just holding a short position from the end of last week. I took profits on Friday, but kept half of my position. I will follow my charts and will hold a short position in order to hit the targets I mentioned above. After that I will be going long.

This pullback on USDCAD might be a very quick thing, or it can take a day or two, but I am ready to go long anytime. I truly believe that fear will be back on the markets some time at the end of January, or in February, and USD will go a lot higher. As always I might be wrong though, the markets always find a way to trick investors :-).
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  • #2,055
  • Jan 14, 2012 9:58pm Jan 14, 2012 9:58pm
Quoting canadian
It's hard to understand for me where the USDCAD pair is going short term. That's why I am checking out the separate charts for USD and CAD index against the baskets of other currencies.

Comments to my ugly charts:

$USD chart
---------
I think the USD will pull back a little bit to the 80-79 level, and after that it will probably will jump higher to 83-84.


$CAD chart
----------
I think CAD will go higher to 0.990-0.995 (resistance line on the chart), and after that it will go down.

At this moment I am short on USDCAD, and if you followed...
i agree, will be due for a break out one way or another close to the end of the month...if usdx continues to trend upwards the way it is, i think a break to the upside for this pair is more likely

was just looking at cad strength against other currencies...probably a good idea to buy dips on au/ca and sell the pullbacks on eu/ca for a bit
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  • #2,056
  • Jan 15, 2012 3:57am Jan 15, 2012 3:57am
Quoting VennD
@ izzas ,

With ref to my answer to you # 2035.

The 1st chart has been posted earlier (# 2000).
Look at how the trap was setup and / or ... when market opposed to an idea.
How was my counter-measured in there ? ... should my BE+1 taken out ?


I think PhAnTi loves that cable very much .
Venn would you mind commenting on your trade management...I'm curious because I see a lot of your charts bracketed with buy and sell orders. From what I've heard it sounds like you are locking in your profits on a hedge on the major swings and scalping in between those. I had knocked around a strategy similiar to this but was leaving breakeven stops on either side and as price broke to new highs or lows trailed the market at that point with buy or sell stop orders to lock in more profits in case the market reversed back into the range. Are you doing any thing similiar to this or do you have a method for this type of trading?
  • #2,057
  • Edited 7:29am Jan 15, 2012 6:35am | Edited 7:29am
Quoting bayfisherman
Venn would you mind commenting on your trade management...I'm curious because I see a lot of your charts bracketed with buy and sell orders.
What you saw are not working orders but are (actual) executed trades.
Quoting bayfisherman
From what I've heard it sounds like you are locking in your profits on a hedge on the major swings and scalping in between those. I had knocked around a strategy similiar to this but was leaving breakeven stops on either side and as price broke to new highs or lows trailed the market at that point with buy or sell stop orders to lock in more profits in case the market reversed back into the range. Are you doing any thing similiar to this or do you have a method for this type of trading?
No, Im not using similar strategy 100% , partly yes and the other part - no. Aren't you satisfied with your strategy and ...still lossing a dime or two with such strategy ? I don't mean that your/such strategy is totally wrong. Such strategy is also right in a ... 'one way ticket' environment but I'd guess you missed 'something' in such strategy , ... have to sit down with a cup of coffee ... what that is ... that you missed ? (Im reluctant to tell you what is the colour of my underwear )
  • #2,058
  • Jan 15, 2012 6:52am Jan 15, 2012 6:52am
Quoting VennD
What you saw are not working orders but are (actual) executed trades.
No, Im not using similar strategy 100% , partly yes and the other part - no. Aren't you satisfied with your strategy and ...still lossing with such strategy ? I don't mean that your strategy is wrong. That is also true in a ... 'one way ticket' environment but I'd guess you missed 'something' in such strategy , ... have to sit down with a cup of coffee ... what that is ... that you missed ? (Im reluctant to tell you what is the colour of my underwear )
No I'm not using that strategy...just curious. Hey I get it if you don't want to show your underwear not a problem just looking to the master for answers unsolved. $5 love you long time...
  • #2,059
  • Jan 15, 2012 8:03am Jan 15, 2012 8:03am
Quoting VennD
What you saw are not working orders but are (actual) executed trades.
No, Im not using similar strategy 100% , partly yes and the other part - no. Aren't you satisfied with your strategy and ...still lossing a dime or two with such strategy ? I don't mean that your/such strategy is totally wrong. Such strategy is also right in a ... 'one way ticket' environment but I'd guess you missed 'something' in such strategy , ... have to sit down with a cup of coffee ... what that is ... that you missed ? (Im reluctant to tell you what is the colour of my...
If you ask me.....his charts look like crayola skid marks. All you need is a straight line, and some probability analysis..its just as effective. Then...learn money mangement, and learn how to deal with your emotions. Then the holy grail of trading....which is...........

LET YOUR PROFITS RUN!!!!!!! CUT YOUR LOSSES!!

I dont know what venn is trying to accomplish by showing some fancy charts? Either one he is trying to gather a following by posting his gains so he can later on unveil a website to scam others into buying into it, or two...i dont know? LOL...but his charts are $hit just cluttered with a bunch of lines and fibo's. why would someone brag about there profits online? think about it. If someone is posting charts....atleast explain to others why you are posting the charts...otherwise dont post at all.
  • #2,060
  • Jan 15, 2012 8:31am Jan 15, 2012 8:31am
@ western ,

Say whatever you wanna say ... I don't mind at all
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