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USD/CAD

  • #2,061
  • Jan 15, 2012 8:35am Jan 15, 2012 8:35am
@ bayfisherman ,

In the book it says ... grasshoppers are insects that can hop , walk and fly ... but it doesn't use underwear
  • #2,062
  • Edited 9:18am Jan 15, 2012 9:04am | Edited 9:18am
Quoting western
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...
I like that Venn. You know a fellow trader encouraged me to be a part of this forum and since that inception a couple of months ago, I'm am ever amazed at the critics and the childish slander that comes out in here, unbelievable. It's like religious wars or something, what a joke.

See the problem I have here Western is that no one did ask you...so why don't you go rant somehwhere else like maybe your own thread and post some charts, unbelievable.

What's the ole saying if don't have anything good to say...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cad time proj2.jpg Size: 154 KB
  • #2,063
  • Jan 15, 2012 9:17am Jan 15, 2012 9:17am
Quoting western
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...
your chart is your chart, if you can trade off it and make money consistently who cares what it looks like...a picture says a thousand words...
  • #2,064
  • Jan 15, 2012 10:25am Jan 15, 2012 10:25am
Quoting western
Then the holy grail of trading....which is...........

LET YOUR PROFITS RUN!!!!!!! CUT YOUR LOSSES!!
Have you ever traded a range using this strategy?
Kill the ego, or it will kill the mission.
  • #2,065
  • Jan 15, 2012 11:06am Jan 15, 2012 11:06am
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 .
Thanks Vendd
  • #2,066
  • Jan 15, 2012 1:12pm Jan 15, 2012 1:12pm
I agree and disagree with Western. I think Vennd's charts are ok, as long as they are working for him. The main objective is to make money. Also, it is very beneficial to all the people to see the charts, so I think this is a very valuable content for the forum when people show their charts. I think this particular input from Vennd is very good, and nobody should take this from him.

On the other hand I agree with Western that the posts that contain only amounts of pips, like " I locked 500 pips" etc. are useless. They just serve the purpose of raising the self esteem of the poster, but what value do they actually bring to the community? If you claim that you are that good and make 500 pips a day, what is the problem to post your real trades with entries and exits? We all know that sharing won't hurt to anybody, and it won't change the direction of the market at all. It happens very often that people see here Vennd posting comments about him making lots of pips, and they ask to share his insight with them, but he refuses. The people are right to ask him to share, because the forums are created for this purpose. In my mind it doesn't make any sense why this forum is used for showing off. In other words, why to post this useless info if you don't want to share anything with others?


Quoting western
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...
  • #2,067
  • Jan 15, 2012 5:37pm Jan 15, 2012 5:37pm
Quoting canadian
I agree and disagree with Western. I think Vennd's charts are ok, as long as they are working for him. The main objective is to make money. Also, it is very beneficial to all the people to see the charts, so I think this is a very valuable content for the forum when people show their charts. I think this particular input from Vennd is very good, and nobody should take this from him.

On the other hand I agree with Western that the posts that contain only amounts of pips, like " I locked 500 pips" etc. are useless. They just serve the purpose of...
I don't think anybody is obligated to share every last detail of how they trade on here...for me seeing that somebody, for example, made 300pips in the last day, just gives me more confidence that I can do it too

Enough said, time to analyze
  • #2,068
  • Jan 15, 2012 6:18pm Jan 15, 2012 6:18pm
Quoting Kas1
I don't think anybody is obligated to share every last detail of how they trade on here...for me seeing that somebody, for example, made 300pips in the last day, just gives me more confidence that I can do it too

Enough said, time to analyze
your right nobody is obligated to share. BUT I made 400 pips off this chart on friday. when in fact...the instrument being traded...didnt even have a daily range of 100 pips.

I admit I have bad days...infact I lost some 150 pips on the eur/cad and another 45 pips on the e/u. but i admit it. DUDE....NOBODY wins all the time....if they did..they wouldnt be posting on this website. learning to crush the losers and let the winners ride is the key. I could trade randomly and still profit as long as I hold the discipline of cutting my losses quickly.

ALTHOUGH.....having a strategy that wins 60 to 70 percent helps alot.
  • #2,069
  • Jan 16, 2012 2:49am Jan 16, 2012 2:49am
Quoting Kas1
...
target got, looking for a drop into demand now
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  • #2,070
  • Jan 16, 2012 8:29am Jan 16, 2012 8:29am
Bias: Neutral

There is one asymmetric triangle in USD/CAD’s daily chart. This indicates that USD/CAD is in consolidation stage. As of now, I have no clue about the breakout direction.


http://lcchong.files.wordpress.com/2...ng?w=837&h=381
  • #2,071
  • Jan 16, 2012 11:25am Jan 16, 2012 11:25am
I am still holding short positions, but I will be getting out soon. I still believe that there is space to go down, but I want to protect my profits. As you know I was short since last Friday.
  • #2,072
  • Jan 16, 2012 6:30pm Jan 16, 2012 6:30pm
Triangle breakout on Daily chart
Short @ 1.0171, long term trade targeting 0.9771
Expect the unexpected.
  • #2,073
  • Jan 16, 2012 7:17pm Jan 16, 2012 7:17pm
Quoting fx-rocket
Triangle breakout on Daily chart
Short @ 1.0171, long term trade targeting 0.9771
how about a nice surprise tomorrow?? half a point increase....for a downside breakout.....OR a half point cut for an upside breakout....
  • #2,074
  • Edited 8:10pm Jan 16, 2012 7:17pm | Edited 8:10pm
I don't have balls for this trade. I just closed all my shorts, and even though I know there is some space for USD/CAD to go down, I can't short before the Bank of Canada announcement. I think it will be too risky to predict where it will go after the announcement. Last time I think the movement was more than 100 pips. Actually I am not even comfortable to be on the short side. I am going to open a small long position.

Quoting fx-rocket
Triangle breakout on Daily chart
Short @ 1.0171, long term trade targeting 0.9771
  • #2,075
  • Jan 16, 2012 10:07pm Jan 16, 2012 10:07pm
A breakout of the symmetrical traingle on the daily chart, if the bearish pattern closes outside the traingle it seems to indicate Downtrend as of now. was also looking at correlations for a while, but it aint working at times and also during the news times.
Attached Image (click to enlarge)
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  • #2,076
  • Jan 17, 2012 1:50pm Jan 17, 2012 1:50pm
as todays rally wanes more people turning to dollar and selling other currencies. Applies to USDCAD too
  • #2,077
  • Jan 19, 2012 6:24am Jan 19, 2012 6:24am
long entry 1.0090
target 1.0670.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad weekly.jpg Size: 51 KB
Click to Enlarge Name: usdcad daily.jpg Size: 57 KB
  • #2,078
  • Jan 19, 2012 8:15am Jan 19, 2012 8:15am
Quoting entheos
long entry 1.0090
target 1.0670.
Your stop?
  • #2,079
  • Jan 19, 2012 8:38am Jan 19, 2012 8:38am
same, long at 1.0080, s/l 1.0000 tp1= 1.0200 tp2=1.0280 tp3= 1.0320 and finally 1.04, if it goes above this then i am also aiming for 1.05-1.07 in long term (about a month)
  • #2,080
  • Edited 10:57am Jan 19, 2012 10:02am | Edited 10:57am
I posted during a weekend that I want to wait for $USD index to come down to 80-79 level, and after that I will go long. The time has come. I will be diving in soon. :-). I expect US dollar to bounce against most of the currencies, perhaps next 2-3 days to be red on the markets. I might be wrong of course. :-). My target is $83 on $USD

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...
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