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USD/CAD

  • #3,121
  • Aug 10, 2012 1:16pm Aug 10, 2012 1:16pm
Yep you too. I still remember that gap on the 23 July. I was long euro and held the position into drawdown to exit with a -50 pip loss just to see it rocket up like a thunderbolt 2 days later.
  • #3,122
  • Aug 10, 2012 3:04pm Aug 10, 2012 3:04pm
another dogshit week in the bull camp LOL

They should of murdered the asshats responsible that forced 5 digit forex, these fuckers can now move 10x the orders without actually moving anything.

Maybe another year we can have 7 digit and move a market 1/10 of a cent hahaa
"Millionaires don't use astrology, billionaires do"
  • #3,123
  • Aug 10, 2012 5:50pm Aug 10, 2012 5:50pm
Quoting eurgbpaud
I think usually when AUDUSD goes up USDCAD goes down and vice versa. If I had believed that AUDUSD is more likely to go up I would not have taken a long USDCAD position.

AUDUSD is just below a trendline since early August 2011 and I assume it will stay below that trendline.
AUDUSD can go up and USDCAD up at same time if AUDCAD also goes up. Obviously this means that the best trade to be in between the three pairs is AUDCAD long.

I am not 100% sure of these AUD pairs and getting in now after it's already bottomed over 500 pips is risky because it's harder to know where to place a stop. Hence, I'm focused on USDCAD, which looks like a great set-up to me.
  • #3,124
  • Aug 12, 2012 9:54am Aug 12, 2012 9:54am
Quoting Zappa
AUDUSD can go up and USDCAD up at same time if AUDCAD also goes up. Obviously this means that the best trade to be in between the three pairs is AUDCAD long.

I am not 100% sure of these AUD pairs and getting in now after it's already bottomed over 500 pips is risky because it's harder to know where to place a stop. Hence, I'm focused on USDCAD, which looks like a great set-up to me.
You are correct; I shouldn't have included the word "usually" when writing about AUDUSD and USDCAD.
USDCAD also looks great to me but the big players would have to agree with that.
  • #3,125
  • Aug 12, 2012 7:03pm Aug 12, 2012 7:03pm
Quoting eurgbpaud
You are correct; I shouldn't have included the word "usually" when writing about AUDUSD and USDCAD.
USDCAD also looks great to me but the big players would have to agree with that.
I took a closer look at the pairs this weekend and tried to find the strongest pair out of all of them. AUDJPY could be straight up nasty. I lowered my size on the USDJPY trade and moved it over to AUDJPY-long. Still have a long USDCAD trade too.

AUDJPY has potential for 100.00 in what could be an explosive move. I'd like to see it stay above 81.55. There is a decent chance that it has bottomed at 82.24.
  • #3,126
  • Aug 12, 2012 11:06pm Aug 12, 2012 11:06pm
took a short at 99169, anyone else see a bear flag on the 1hr chart?
  • #3,127
  • Aug 13, 2012 1:06am Aug 13, 2012 1:06am
Am in buy USDCAD @ 0.9913 target 0.9931 for 18 pips
Forex Learner
  • #3,128
  • Aug 13, 2012 7:32am Aug 13, 2012 7:32am
Quoting NewbTrader7
took a short at 99169, anyone else see a bear flag on the 1hr chart?

A bit too drawn out for my liking. .9910 is proving to be some decent resistance. I'm still short from the .9920 test last friday though. Oil's up a bit this morning. Thinking that will help CAD once the TSX opens this morning. TP is at .9890.
  • #3,129
  • Aug 13, 2012 8:53am Aug 13, 2012 8:53am
Quoting rkr81
Am in buy USDCAD @ 0.9913 target 0.9931 for 18 pips
Nice catch!
  • #3,130
  • Aug 13, 2012 8:54am Aug 13, 2012 8:54am
Quoting rkr81
Am in buy USDCAD @ 0.9913 target 0.9931 for 18 pips
Took profit..

Bought again at .9926 Target 0.9951
Forex Learner
  • #3,131
  • Aug 13, 2012 11:06am Aug 13, 2012 11:06am
Quoting Zappa
I took a closer look at the pairs this weekend and tried to find the strongest pair out of all of them. AUDJPY could be straight up nasty. I lowered my size on the USDJPY trade and moved it over to AUDJPY-long. Still have a long USDCAD trade too.

AUDJPY has potential for 100.00 in what could be an explosive move. I'd like to see it stay above 81.55. There is a decent chance that it has bottomed at 82.24.
My only open position is long USDCAD. So far so good.
  • #3,132
  • Aug 14, 2012 8:13am Aug 14, 2012 8:13am
Are we going to see the .9900 test today??? Wondering how many long stops are at .9890...
  • #3,133
  • Aug 14, 2012 8:23am Aug 14, 2012 8:23am
good data for US and still this pair going down... beats me, lol
  • #3,134
  • Aug 14, 2012 8:26am Aug 14, 2012 8:26am
Quoting fasy007
good data for US and still this pair going down... beats me, lol
Economy of Canada is dependent on US economy, so good news for US translates to good news for Canada. Plus Canada doesn't have 'fiscal cliff', QE etc factors so good news out of US becomes better news for Canada.

My bias on this pair is Long till we don't close on daily/weekly below 0.9983.
  • #3,135
  • Aug 14, 2012 8:28am Aug 14, 2012 8:28am
Quoting tech_dream
Economy of Canada is dependent on US economy, so good news for US translates to good news for Canada. Plus Canada doesn't have 'fiscal cliff', QE etc factors so good news out of US becomes better news for Canada.

My bias on this pair is Long till we don't close on daily/weekly below 0.9983.
thanks mate for clearing it up
  • #3,136
  • Aug 14, 2012 9:19am Aug 14, 2012 9:19am
"Millionaires don't use astrology, billionaires do"
  • #3,137
  • Aug 14, 2012 2:05pm Aug 14, 2012 2:05pm
Geeezum , the dirty lil slut still dont want to part her legs.

I see a gang rape coming really soon.
"Millionaires don't use astrology, billionaires do"
  • #3,138
  • Aug 14, 2012 5:20pm Aug 14, 2012 5:20pm
Quoting OrionsWay
Geeezum , the dirty lil slut still dont want to part her legs.

I see a gang rape coming really soon.
"Somebody get some chloroform, damn it!"

You bullish/bearish AUDUSD, Orion?
  • #3,139
  • Aug 14, 2012 6:31pm Aug 14, 2012 6:31pm
Quoting Zappa
"Somebody get some chloroform, damn it!"

You bullish/bearish AUDUSD, Orion?
Sorry Zappa i dont trade it
"Millionaires don't use astrology, billionaires do"
  • #3,140
  • Aug 14, 2012 9:28pm Aug 14, 2012 9:28pm
I'm bullish.. bought in at @9950.. plan to ride/milk it back up to 1.02+ area.. might take some time..first area i'm looking at is 1.0064

Used to actively actually 'daytrade' this pair, but its slow..

I don't think the stars have lined up for orion yet.. we had a meteor shower last week though.
lowest draw down possible please.
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