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EurCad Analysis and Trading Ideas

  • #381
  • Edited 1:50am May 21, 2012 1:34am | Edited 1:50am
Quoting KillerWhale
OKAY<
ready?
1. Go from anywhere trade UCAD
2. Target = Parity
3. Maximum leverage 1>>5
4. Set your trades
5. Wait till it hits target.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #382
  • May 21, 2012 1:35am May 21, 2012 1:35am
Quoting KillerWhale
1. Go from anywhere trade UCAD
2. Target = Parity
3. Maximum leverage 1>>5
4. Set your trades
5. Wait till it hits target.
I don't think I can make it any easier than this.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #383
  • May 21, 2012 1:39am May 21, 2012 1:39am
May i knw wat u mean parity? really no idea.
  • #384
  • May 21, 2012 1:46am May 21, 2012 1:46am
Quoting KillerWhale
I don't think I can make it any easier than this.
As of this moment I have 5 entries UCAD, all shorts (that's better anyway because of the whether, it's heating up here) going for parity.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #385
  • May 21, 2012 1:46am May 21, 2012 1:46am
Quoting KillerWhale
As of this moment I have 5 entries UCAD, all shorts (that's better anyway because of the whether, it's heating up here) going for parity.
And we have 192 pips to go
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  • #386
  • May 21, 2012 1:47am May 21, 2012 1:47am
Quoting KillerWhale
And we have 192 pips to go
Sorry about that, 191
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  • #387
  • May 21, 2012 1:48am May 21, 2012 1:48am
Quoting KillerWhale
Sorry about that, 191
+ 2 24 ounce cans of beer!
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  • #388
  • May 21, 2012 1:49am May 21, 2012 1:49am
Quoting KillerWhale
+ 2 24 ounce cans of beer!
Oh shit, and half a pint of Vodka
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  • #389
  • May 21, 2012 1:53am May 21, 2012 1:53am
I am short from the resistance 1.3065, the daily trend is still short so I have exit 50% for 15 pips and put the stoploss at BE and let the other 50% for a target of 1.2935... Max
Attached Image (click to enlarge)
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  • #390
  • May 21, 2012 2:23am May 21, 2012 2:23am
[quote=KillerWhale;5685137]1. Go from anywhere trade UCAD
2. Target = Parity
3. Maximum leverage 1>>5
4. Set your trades
5. Wait till it hits target.[/quote

hi killer whale...

some questions...when u trade Us/Cad what time frame is good to use?
and for how long do u leave your trade ...i know u leave it for parity but can you plz describe how do u analyzie parity on daily basis...
tahnx
ASH
  • #391
  • May 21, 2012 2:29am May 21, 2012 2:29am
[quote=ash_k;5685282]
Quoting KillerWhale
1. Go from anywhere trade UCAD
2. Target = Parity
3. Maximum leverage 1>>5
4. Set your trades
5. Wait till it hits target.[/quote

hi killer whale...

some questions...when u trade Us/Cad what time frame is good to use?
and for how long do u leave your trade ...i know u leave it for parity but can you plz describe how do u analyzie parity on daily basis...
tahnx
ASH
Don't wait, set your target and forget that you have that trade.
It will go there, when it wants to.

Sooner or later.

In the meantime, go do something useful..
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  • #392
  • May 21, 2012 2:30am May 21, 2012 2:30am
[quote=KillerWhale;5685298]
Quoting ash_k

Don't wait, set your target and forget that you have that trade.
It will go there, when it wants to.

Sooner or later.

In the meantime, go do something useful..
What I mean is this: you will always get your goal.
In the meantime you can scalp the hell out of every currency you can think of, but finally you goal with UCAD will get HIT!
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  • #393
  • May 21, 2012 2:31am May 21, 2012 2:31am
[quote=KillerWhale;5685301]
Quoting KillerWhale

What I mean is this: you will always get your goal.
In the meantime you can scalp the hell out of every currency you can think of, but finally your goal with UCAD will get HIT!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #394
  • May 21, 2012 2:34am May 21, 2012 2:34am
Ok i have close my last short and reverce long from the support... Max
Attached Image (click to enlarge)
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  • #395
  • May 21, 2012 2:55am May 21, 2012 2:55am
Quoting maximus2005
Ok i have close my last short and reverce long from the support... Max
I would wait, we are under resistance and price found her channel it is much better to wait until breakout plus Daily looks like a top and sneaky bear attempt.

http://s17.postimage.org/sq2s4tc7j/eurocad.gif
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http://s13.postimage.org/djetec707/eurocaddaily.gif
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swing it!
  • #396
  • May 21, 2012 3:16am May 21, 2012 3:16am
Quoting tomspin
I would wait, we are under resistance and price found her channel it is much better to wait until breakout plus Daily looks like a top and sneaky bear attempt.

http://s17.postimage.org/sq2s4tc7j/eurocad.gif
image hosting

http://s13.postimage.org/djetec707/eurocaddaily.gif
free picture hosting

@tomspin:

Very very GOOD - you are learning - PATIENCE - yes - your analysis is correct that - maximus2005 should wait. This currency pair teaches Patience and anyone who trades it without patience - will fail.

Respectfully,
HDA
  • #397
  • May 21, 2012 4:19am May 21, 2012 4:19am
Ok enter long and get 15 pips for the first 50% and the other 50% stop out at BE...I am waiting now to see what will happen...



Quoting HDA

@tomspin:

Very very GOOD - you are learning - PATIENCE - yes - your analysis is correct that - maximus2005 should wait. This currency pair teaches Patience and anyone who trades it without patience - will fail.

Respectfully,
HDA
Attached Image (click to enlarge)
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  • #398
  • May 21, 2012 4:28am May 21, 2012 4:28am
HDA could please tell me what kind of confirmation do you look for to enter the trade please after a bounce of a resistance or support... thx again for your help Max

Quoting HDA
@Unknownpips:


Killerwhale in one of his previous posts says that he buys support and sells resistance. If you are an agressive trader you can immediately sell resistance and go short. You can also wait for confirmation to go short.
It's really a personality issue. What you and your account can tolerate.

Shorting resistance is not a bad plan neither is waiting for conformation to short it also.

I have found it's alot less stressful to just wait for confirmation. Waiting for confirmation...
  • #399
  • May 21, 2012 5:48am May 21, 2012 5:48am
Quoting maximus2005
HDA could please tell me what kind of confirmation do you look for to enter the trade please after a bounce of a resistance or support... thx again for your help Max
I can tell you what I look for, if you hit sup or res and you have a break of the rally or drop - try to find a doji or a hammer or bull/bear engulf and if you are agressive trader jump in without waiting for confirmation candle, or wait and have a "safe" entry but sacrifice those pips you could earn by agressive execution. HDA wrote a nice post about entry few pages back.
Good luck

Edit I forgot to mention breakout off consolidation period is a good entry signal as well - something that actually we are waitng for right now with EUR/CAD
swing it!
  • #400
  • May 21, 2012 5:52am May 21, 2012 5:52am
Thx tomspin for your help so you do not use any indicator, divergence or fib for confirmation only candlestick pattern, I will go back to see HDA post concerning is entry... thx Max


Quoting tomspin
I can tell you what I look for, if you hit sup or res and you have a break of the rally or drop - try to find a doji or a hammer or bull/bear engulf and if you are agressive trader jump in without waiting for confirmation candle, or wait and have a "safe" entry but sacrifice those pips you could earn by agressive execution. HDA wrote a nice post about entry few pages back.
Good luck
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