Attachments: USD/CAD

USD/CAD

#2,681
May 8, 2012 2:15pm May 8, 2012 2:15pm

tomspin
| Joined Dec 2011 | Status: Trader | 2,927 Posts

Quoting piplow

Disliked

Same thoughts except going to wait for another up move to 1.0 before shorting. USD/CAD is right at support right now. Definitely could get better R/R or I may miss the move, but gotta follow the rules. USDX all needs a breather as its hit the top of the trendline. Retrace down coming.

Ignored

I am aiming at the bottom of a channel somewhere at the back of my mind so my RR would be fine, Resistance well pointed out, however I enter my trades when I see a signal in this case shooting star in the middle. I will put my stops before going to bed few pips away from your potential entry.
Regards.

swing it!

#2,682
May 8, 2012 3:55pm May 8, 2012 3:55pm

sdcasper
| Joined Jul 2011 | Status: Trader | 504 Posts

i have no idea how ew works. just trying.

Attached Image (click to enlarge)

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#2,683
May 8, 2012 9:14pm May 8, 2012 9:14pm

RiverTrader
| Joined Jul 2009 | Status: Trader | 209 Posts

My ignorance maybe, have you noticed USD/CAD and EUR/USD always make opposite movement direction?

Simple is powerful all the time.

#2,684
May 8, 2012 10:09pm May 8, 2012 10:09pm

jayjb
Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts

Look at NZDCAD.. it's been held by the same m15 bear line since monday open

price looks to break out now following what looks like a inverted HnS on m15

#2,685
Edited 7:31am May 9, 2012 6:50am | Edited 7:31am

feelmypecs
| Joined Apr 2012 | Status: Trader | 66 Posts

Well, were back we're back to parity, if not a tiny bit above it. Shorting @ 1.0047. Daily chart shows resistance at about 0050, and I doubt its going to break through today.

Edit: Well shiver me timbers

#2,686
May 9, 2012 8:58am May 9, 2012 8:58am

Duce
| Joined Jan 2009 | Status: Snr. Director | 1,158 Posts

1.01 is the next target, depending on today's close.

Quoting feelmypecs

Disliked

Well, were back we're back to parity, if not a tiny bit above it. Shorting @ 1.0047. Daily chart shows resistance at about 0050, and I doubt its going to break through today.

Edit: Well shiver me timbers

Ignored

Si vis pacem, para bellum.

#2,687
May 9, 2012 9:46am May 9, 2012 9:46am

perisher
| Joined Apr 2012 | Status: Trader | 37 Posts

If there wasnt BOC taking about raising rate we would be at least at 1,02.1,02 is coming this mounth for shure...

#2,688
May 9, 2012 10:04am May 9, 2012 10:04am

tomspin
| Joined Dec 2011 | Status: Trader | 2,927 Posts

I am short with tp open

http://s16.postimage.org/dr0nt26hx/usdcad.gif
image hosting adult

swing it!

#2,689
May 9, 2012 12:24pm May 9, 2012 12:24pm

perisher
| Joined Apr 2012 | Status: Trader | 37 Posts

Tomspin, how much is stop los ?

#2,690
May 11, 2012 11:49am May 11, 2012 11:49am

perisher
| Joined Apr 2012 | Status: Trader | 37 Posts

Nobody there? I added longs at 99,60...Its unbelievable range trading all the time...Now am also I pretty shore that before June 5. we won't see levels above 1,02..maybe it will surprise, usually its like that, I am prepared, adding longs till 0,90, but hopefully we won't get there.

#2,691
May 11, 2012 11:59am May 11, 2012 11:59am

bowski
| Joined Dec 2011 | Status: Trader | 10 Posts

The price should bounce off 0.99635 upwards. The sudden spike presents a good buying opportunity for USD as nothing has changed in the euro crisis and other major currency pairs are not moving into positive direction against USD at this time.

#2,692
May 11, 2012 12:13pm May 11, 2012 12:13pm

KADC
Joined Apr 2012 | Status: Be unreasonable. | 897 Posts

The current Euro-fear news is priced into the market at this point, and now that we're back at the levels of the channel we were trading at for so long I think the pair will head back down for some more vacillation.

Since oil is unlikely to go any lower there's nothing to push the Loonie down, I wouldn't go long until after hitting the bottom of the channel or breaking out above the top.

You can always make money tomorrow provided you don't lose it today.

#2,693
May 11, 2012 2:13pm May 11, 2012 2:13pm

bowski
| Joined Dec 2011 | Status: Trader | 10 Posts

Quoting Kadc

Disliked

The current Euro-fear news is priced into the market at this point, and now that we're back at the levels of the channel we were trading at for so long I think the pair will head back down for some more vacillation.

Since oil is unlikely to go any lower there's nothing to push the Loonie down, I wouldn't go long until after hitting the bottom of the channel or breaking out above the top.

Ignored

AT this point I feel that the market is still in favour of a strong US dollar at this present time. As the reversal at 0.99635 of the USD/CAD drop indicates. I was correct.

#2,694
May 11, 2012 2:36pm May 11, 2012 2:36pm

KADC
Joined Apr 2012 | Status: Be unreasonable. | 897 Posts

That ~400 pip move was merely a bounce to the 50% Fibonacci. A nice scalp, certainly, but I don't read any reversal signals from that action.

I'm shorting CAD/JAP, AUD/USD, gold, and natural gas until the end of today's session (I don't normally hold positions over the weekend though I may with natural gas) so I certainly wish you luck if you're going long, but whether or not it crested at parity is something I'd prefer to wait for confirmation before I re-enter USD/CAD.

You can always make money tomorrow provided you don't lose it today.