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EurCad Analysis and Trading Ideas

  • #101
  • May 13, 2012 4:08am May 13, 2012 4:08am
Lol I was talking Friday about getting out of my trades before Oanda goes to weekend spread.
I'm glad I did, at this moment EURCAD has a spread of 35 pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #102
  • May 13, 2012 11:38am May 13, 2012 11:38am
And 7 hours later, still 35 pips spread
New voice message: Why are you calling me? If I need you, I'll call you!
  • #103
  • May 13, 2012 1:36pm May 13, 2012 1:36pm
Quoting KillerWhale
And 7 hours later, still 35 pips spread
It's huge... on my brooker it's 12.
  • #104
  • May 13, 2012 5:16pm May 13, 2012 5:16pm
Quoting Tomoney
It's huge... on my brooker it's 12.
I have 8 pips spread now, but I'm still waiting to get in a trade.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #105
  • May 13, 2012 5:24pm May 13, 2012 5:24pm
Quoting KillerWhale
I have 8 pips spread now, but I'm still waiting to get in a trade.
Only I did get into a trade in EU, long at 1.2885.
That was irresistible

Going for 1.2920
New voice message: Why are you calling me? If I need you, I'll call you!
  • #106
  • May 13, 2012 5:58pm May 13, 2012 5:58pm
Quoting KillerWhale
Only I did get into a trade in EU, long at 1.2885.
That was irresistible

Going for 1.2920
where is your stop loss !? 2850 !?
  • #107
  • May 13, 2012 8:25pm May 13, 2012 8:25pm
@KillerWhale:

Support is holding for OIL so there is going to be a BULL run on OIL - strengthen the Canadian and with the EUR weakening as expected - EUR/CAD is a perfect SHORT trade to 1.2750

That's about a 150 pip run

Respectfully,
HDA
  • #108
  • Edited 9:04pm May 13, 2012 8:39pm | Edited 9:04pm
Hi Killerwhale... When you mention on parity, it means with USD/CAD, Strong USD against CAD, short eur/cad and if USD/CAD weak, long eur/cad? Or the long/short you are referring purely only on USD/CAD.
  • #109
  • May 13, 2012 11:54pm May 13, 2012 11:54pm
Quoting HDA
a perfect SHORT trade to 1.2750
@ HDA Respectfully - my setup suggests 1.2766 so would have a tight stop below that level. Time will tell.
With due respect to all (who might have a different viewpoint).
  • #110
  • May 14, 2012 12:10am May 14, 2012 12:10am
Quoting mjl
@ HDA Respectfully - my setup suggests 1.2766 so would have a tight stop below that level. Time will tell.
@mjl:

I adjusted the TP to 1.27781 and didnt change it in the forum, thanks for sharing.

Respectfully,
HDA
  • #111
  • May 14, 2012 12:32am May 14, 2012 12:32am
hello HDA sir what is the best SL for the pair. I just sell now @ 1.2891

but confuse for SL
  • #112
  • May 14, 2012 1:42am May 14, 2012 1:42am
Quoting HDA
@mjl:

I adjusted the TP to 1.27781 and didnt change it in the forum, thanks for sharing.

Respectfully,
HDA
Thanks, my target same as yours
New voice message: Why are you calling me? If I need you, I'll call you!
  • #113
  • May 14, 2012 4:42am May 14, 2012 4:42am
Quoting KillerWhale
Thanks, my target same as yours
You have target this pricing because of re-test of Jan 2012 Low?
  • #114
  • May 14, 2012 6:51am May 14, 2012 6:51am
Quoting mjl
@ HDA Respectfully - my setup suggests 1.2766 so would have a tight stop below that level. Time will tell.
1.27 or 1.28 ? i am short @1.2936 and was thinking of a TP.
u think eur/cad can fall that much ?
thanx
ash
  • #115
  • May 14, 2012 7:05am May 14, 2012 7:05am
Hello Killerwhale and HDA,

I thought that since I dont post a lot in the rooms I would give this a shot. I have been watching the EurCad and have shorted it in my practice accoount. The reason for the short was because it attempted to break through the 200 EMA four different times and was unable to. Now this is where I need some guidance, can you give the newbie some ideas where to set his stop loss? HDA you and I have talked about this before and I would like to hear your thoughts on this again.

Thanks

Shawn
  • #116
  • May 14, 2012 7:15am May 14, 2012 7:15am
I forgot to say that I was looking at a 15 min chart when it was trying to break through the 200 ema. Still trying to figure out what TF to use as well. HDA says 3 hours but my MT4 does have that set up yet.

Shawn
  • #117
  • May 14, 2012 7:32am May 14, 2012 7:32am
i'm looking at daily chart and i see a descending triangle. currently we are at the bottom horizontal trednline and price is figuring out whether to bounce and go long or break the horizontal line. i only see this going long at least few hours.
Wooooohooooo or Boooooohooooo
  • #118
  • May 14, 2012 7:51am May 14, 2012 7:51am
Ok I closed my position for now and made a few pips. Went short at 1.2914 and closed at 1.28870. Looking at the 15 min chart it attempted to break through 1.2887 several times without any luck. Of course as I type this its drifting further down. Oh well Im just a newbie trying to learn a few things and 27 pips isnt all that bad!

Shawn
  • #119
  • May 14, 2012 12:23pm May 14, 2012 12:23pm
I'm long @ 1.2867 SL 1.2859 TP open.
Note we have a bullish garley on the weekly with the 0.618 and 1.618 extension as well as bullish butterfly on the H1 and H4. If my SL gets taken out I'll probably look to re-enter.
Cheers
  • #120
  • May 14, 2012 12:38pm May 14, 2012 12:38pm
We had good moves and the best times, I'm not in the market .
Now, maybe the price reaches 1.2879 or 1.2887. Little divergence in RSi14 M30. Donīt follow me, I'm also learning, constantly learning.
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