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USD/CAD

  • #2,301
  • Apr 3, 2012 8:22am Apr 3, 2012 8:22am
Quoting johnnypocket
Why are people so convinced that this pair is going up?
History
Experience
Interpret the charts
Watch Oil price
Watch Commodities in general
Watch Euro forecast

is that enough reasons for you?

My longer term view:
UCAD will go up up up up and some more up but at this moment I will always go long when UCAD is 0.9950 or less, and set standard target at parity.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,302
  • Apr 3, 2012 11:52am Apr 3, 2012 11:52am
5 bullish, 3 bearish, then 2 bullish candles. Ben Bernake speaks in an hour and fifteen minutes, which usally make this pair weak. My guess is that this pair has another bull candle, then it will fall below the 0.9887 (the lower trendline).
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  • #2,303
  • Apr 3, 2012 11:54am Apr 3, 2012 11:54am
short
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  • #2,304
  • Apr 3, 2012 12:42pm Apr 3, 2012 12:42pm
What I see right now is a correction from the down trend ... The pair can go both sides ...

My SL: 0.9939 (pivotpoint) , TP:0.9865
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  • #2,305
  • Apr 3, 2012 12:46pm Apr 3, 2012 12:46pm
Quoting KillerWhale
History
Experience
Interpret the charts
Watch Oil price
Watch Commodities in general
Watch Euro forecast

is that enough reasons for you?

My longer term view:
UCAD will go up up up up and some more up but at this moment I will always go long when UCAD is 0.9950 or less, and set standard target at parity.
So what you are saying is you are fairly confident of upwards movement.http://www.forexfactory.com/images/icons/icon7.gif
Do you see much lower first(what kind of level?)
  • #2,306
  • Apr 3, 2012 12:52pm Apr 3, 2012 12:52pm
Quoting johnnypocket
So what you are saying is you are fairly confident of upwards movement.http://www.forexfactory.com/images/icons/icon7.gif
Do you see much lower first(what kind of level?)
YES
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  • #2,307
  • Apr 3, 2012 10:36pm Apr 3, 2012 10:36pm
i hop this time resistance crack to go up up 1.0000
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trade small no lose
  • #2,308
  • Apr 4, 2012 4:34am Apr 4, 2012 4:34am
Dear Killerwhale.
I remember about 2 weeks ago you had a buy position in this pair & I had one as well, you said that the pair go up but it takes long time & you closed your position, I didnt & it went to lose 100 pips but after 10-12 days it returned & I close it at breakeven but only after one day that I closed, it touched the tp at 1, would you please explain that how did you know that pair going up would take such a long time & can you tell me how can I learn it( I mean anticipating the currect time ) if there is any book or pdf concerned please let me know.
Thanks alot & happy trading.
  • #2,309
  • Apr 4, 2012 6:22am Apr 4, 2012 6:22am
And it's nicely going UP
  • #2,310
  • Apr 4, 2012 6:37am Apr 4, 2012 6:37am
I'm currently up 538 pips total for the usd/cad pair and I have it so anyone can view my orders, take profits, current account value, etc. so take a look and see if any of it inspires you.
  • #2,311
  • Apr 4, 2012 7:31am Apr 4, 2012 7:31am
Quoting Tomoney
Long @ 0,9898, no SL, 1,0 or near target
I closed half @ 0,9958 gaining +60 pips

About the rest, I'll see how will the situation develop.
  • #2,312
  • Apr 4, 2012 2:23pm Apr 4, 2012 2:23pm
Quoting uptrendup
Dear Killerwhale.
I remember about 2 weeks ago you had a buy position in this pair & I had one as well, you said that the pair go up but it takes long time & you closed your position, I didnt & it went to lose 100 pips but after 10-12 days it returned & I close it at breakeven but only after one day that I closed, it touched the tp at 1, would you please explain that how did you know that pair going up would take such a long time & can you tell me how can I learn it( I mean anticipating the currect time ) if there is any book...
Can't remember exactly what happened but I think it was the trend in EU that warned me. I always look at both EU and UCAD because a lot of times they go opposite, not always though so it is kind of complicated. But then you can combine it with ECAD to get the total picture.
I hope this helps.
Further what helps is an enormous amount of screen time. You get a feel for what's going to happen. I'm talking 100's of hours during many weeks.
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  • #2,313
  • Apr 4, 2012 2:24pm Apr 4, 2012 2:24pm
I just closed my longs in UCAD (a bit too late, could have had more juice) but I want to see what happens with EU first. (Maybe pull-back there?)
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  • #2,314
  • Apr 4, 2012 3:03pm Apr 4, 2012 3:03pm
And I closed my second half too gainig same as the last +60pips

I agree what you wrote Killer that it would be good to look at EU now, but also there will be a lot of informations from Canada tomorrow which can shake here.

See you tomorrow
  • #2,315
  • Apr 4, 2012 3:48pm Apr 4, 2012 3:48pm
Ill tell you guys... I have been having much more luck trading EURCAD... thing moves amazingly
  • #2,316
  • Apr 5, 2012 4:55am Apr 5, 2012 4:55am
Quoting Wulfgar
Ill tell you guys... I have been having much more luck trading EURCAD... thing moves amazingly
To be honest I haven't focus on eurcad yet, but maybe I'll think about this pair.

At the moment we are @ 0,9995. To my view we can move to 1,005, maybe above and there could be a good entry point to go short if we'll see a pullback on EU and news from Canada will be a bit good.
  • #2,317
  • Apr 5, 2012 4:56am Apr 5, 2012 4:56am
Closed BUY USD/CAD for 21,4 pips
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  • #2,318
  • Apr 5, 2012 7:32am Apr 5, 2012 7:32am
The mother of all spikes there, uber figures from canada.
  • #2,319
  • Apr 5, 2012 8:47am Apr 5, 2012 8:47am
Quoting GDR3k
The mother of all spikes there, uber figures from canada.
indeed, flushing of stops, could go down quite a bit further if we get a bounce back in eurusd and other usd pairs in the opposite direction... and in sp500 because lately usdcad is -1 correlated with the sp500
  • #2,320
  • Edited 10:14am Apr 5, 2012 9:21am | Edited 10:14am
Long @ 0.9918
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