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USD/CAD

  • #2,961
  • Jul 23, 2012 9:20am Jul 23, 2012 9:20am
Was looking at the weekly GBPCAD and it appears to be a great buy with a stop at 1.5460. With this long consolidation we might see an explosive move upwards on this pair.
So next I look at the GBPUSD to see how that looks long-term. This pair looks bearish.
So if GBP looks ready to explode UP against CAD, and GPD looks ready to move DOWN against USD, then USD must REALLY be ready to explode against the CAD! It's hard to say where to put a target, because many days will pass where you'll have to analyze the trade as it moves, but I don't think 1.1700 is out of touch with reality. It won't get there overnight, but it could get there in a hurry when viewed on a weekly chart.
  • #2,962
  • Jul 23, 2012 2:41pm Jul 23, 2012 2:41pm
Quoting Zappa
Was looking at the weekly GBPCAD and it appears to be a great buy with a stop at 1.5460. With this long consolidation we might see an explosive move upwards on this pair.
So next I look at the GBPUSD to see how that looks long-term. This pair looks bearish.
So if GBP looks ready to explode UP against CAD, and GPD looks ready to move DOWN against USD, then USD must REALLY be ready to explode against the CAD! It's hard to say where to put a target, because many days will pass where you'll have to analyze the trade as it moves, but I don't think...
"Millionaires don't use astrology, billionaires do"
  • #2,963
  • Jul 24, 2012 7:40am Jul 24, 2012 7:40am
Shorted USD/CAD:
1.0192 --> @1.0130 (SL 1.0212)

Reason:
-8h high volume upthrust
-good CAD data
  • #2,964
  • Jul 24, 2012 9:26pm Jul 24, 2012 9:26pm
Anyone part of the usd/cad bull move today??
All posts are my personal opinion
  • #2,965
  • Jul 24, 2012 10:22pm Jul 24, 2012 10:22pm
if the cad exports lots of oil, how many of you follow the oil charts with the usdcad moves?
  • #2,966
  • Jul 25, 2012 12:22am Jul 25, 2012 12:22am
sold usdcad @ 1.0211 target 25 pips

http://spartan-trader.blogspot.in
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  • #2,967
  • Jul 25, 2012 12:40am Jul 25, 2012 12:40am
sell :1.0222 target:1,0190
  • #2,968
  • Jul 25, 2012 6:36am Jul 25, 2012 6:36am
Quoting Rtm
Anyone part of the usd/cad bull move today??
I did. Still long and expecting much more.
  • #2,969
  • Jul 25, 2012 7:02am Jul 25, 2012 7:02am
Probably not a bad place to go long right now if you're not in already.
  • #2,970
  • Jul 25, 2012 5:20pm Jul 25, 2012 5:20pm
I moved my stop to 1.0079 which would put me at -25 if the trade goes sour. Meanwhile, if this trade is destined to head higher, at MINIMUM, it should break the high at 1.0523 which is still 370 pips away. If you got in earlier (which I did add a little there) or if you enter here (I added a little here too) you have still got a good r/r trade. Even if you had bought earlier in the day at 1.0185 like me, you're still only risking 106 pips to gain 338. And that's initial risk, stops will be moved along the way to minimize risk even further. As long as you're not over-leveraged it is a good trade set-up.
  • #2,971
  • Jul 25, 2012 5:36pm Jul 25, 2012 5:36pm
CAD
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Money can not be a goal, is the result of a job well done.
  • #2,972
  • Jul 26, 2012 6:29am Jul 26, 2012 6:29am
Jeez, I sure have a knack for coming on here, posting my stop, and then shortly thereafter the market races to my #.

Well, I pulled it and just put it below the last low at 1.0060. If it goes there then I lose. I just can't tell you how many times I've tried to get cute with putting my stops as close as I can only to see the market hit my stop and reverse 500 pips like I thought it would. Talk about frustrating!

Anyways, still long. Now my risk is 39 pips instead of 25. At worst case scenario we should at least see a decent sized pullback from this drop.
  • #2,973
  • Jul 26, 2012 10:21am Jul 26, 2012 10:21am
Six buys as stops were triggered.
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  • #2,974
  • Jul 26, 2012 12:50pm Jul 26, 2012 12:50pm
Quoting Zappa
Jeez, I sure have a knack for coming on here, posting my stop, and then shortly thereafter the market races to my #.

Well, I pulled it and just put it below the last low at 1.0060. If it goes there then I lose. I just can't tell you how many times I've tried to get cute with putting my stops as close as I can only to see the market hit my stop and reverse 500 pips like I thought it would. Talk about frustrating!

Anyways, still long. Now my risk is 39 pips instead of 25. At worst case scenario we should at least see a decent sized pullback...

Ya gotta keep em way outta range, to take em they must REALLLLLY commit.
Imma long fella too, but they would need to bankrupt USA to get my stops LOL
"Millionaires don't use astrology, billionaires do"
  • #2,975
  • Jul 26, 2012 1:01pm Jul 26, 2012 1:01pm
Quoting OrionsWay
Ya gotta keep em way outta range, to take em they must REALLLLLY commit.
Imma long fella too, but they would need to bankrupt USA to get my stops LOL

I hear ya, but at the same time I hate to let a trade turn into a big loss. Done that too many times already, and on top of the loss of money you lose time. I'm definitely guilty of putting stops too close as well, but I'm almost always watching the market, so I am quick to get back in if things still look right. This move down today has been quick right from the top, and the top also happened quickly. The market just isn't that easy. It will be back to that top shortly. The only times there seems to ever be a lasting top/bottom that doesn't fool around for a while is when a spike down is followed by a spike up or vice versa.
  • #2,976
  • Jul 26, 2012 1:07pm Jul 26, 2012 1:07pm
Quoting Zappa
I hear ya, but at the same time I hate to let a trade turn into a big loss. Done that too many times already, and on top of the loss of money you lose time. I'm definitely guilty of putting stops too close as well, but I'm almost always watching the market, so I am quick to get back in if things still look right. This move down today has been quick right from the top, and the top also happened quickly. The market just isn't that easy. It will be back to that top shortly. The only times there seems to ever be a lasting top/bottom that doesn't fool...
Ya understand that too, latest move was corrective kill the longs before a big run up me thinks
"Millionaires don't use astrology, billionaires do"
  • #2,977
  • Jul 26, 2012 1:13pm Jul 26, 2012 1:13pm
Quoting OrionsWay
Ya understand that too, latest move was corrective kill the longs before a big run up me thinks
There's been a lot of those which is why I'm so bullish. Anyways, this down move from 6/4 looks better with this latest low. A reversal here could be explosive. With all this building of a long position it is bound to pop, and it just "looks" better primed with the low that occurred today.

Of course, now that I've written down my confidence in this on a public forum it will probably drop like a rock! Hehehe. Well, I hope not or I'm going to go beat my ol' lady.

I kid, I kid..
  • #2,978
  • Edited 3:03pm Jul 26, 2012 2:35pm | Edited 3:03pm
Quoting Zappa
There's been a lot of those which is why I'm so bullish. Anyways, this down move from 6/4 looks better with this latest low. A reversal here could be explosive. With all this building of a long position it is bound to pop, and it just "looks" better primed with the low that occurred today.

Of course, now that I've written down my confidence in this on a public forum it will probably drop like a rock! Hehehe. Well, I hope not or I'm going to go beat my ol' lady.

I kid, I kid..
LMAO go and beat the clown hahahaa


I think if we cant close 1.0105or higher daily we go to .9950 area or 75% retracement below that .9730 area, regardless of wherever they run the market liquidating GOTTA be bullish U/C Longterm IMO
"Millionaires don't use astrology, billionaires do"
  • #2,979
  • Jul 27, 2012 9:43am Jul 27, 2012 9:43am
Gotta be pips away from the bottom if not there already. See chart for explanation.
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  • #2,980
  • Jul 27, 2012 9:53am Jul 27, 2012 9:53am
Something else.
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