USD/CAD | Page 158 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

USD/JPY - USD/CAD any thoughts? 4 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD
Exit Attachments

USD/CAD

  • #3,141
  • Aug 15, 2012 12:49am Aug 15, 2012 12:49am
It looks like USDCAD will stay near current levels for 2-3 days and then make a clear up or down move.
  • #3,142
  • Aug 15, 2012 6:37am Aug 15, 2012 6:37am
i am waiting for the move on this pair....it's in range....keeping my fingers crossed...my bias is down for this week....

we will see once US session opens...waiting...have you guys caught the move on eur pair just 2 hours back...

i have my short leg on this pair from @1.0007...moved to b/e...
I am a hunter...i kill both bulls and bears...
  • #3,143
  • Aug 15, 2012 8:09am Aug 15, 2012 8:09am
Usd/cad is asleep today.
  • #3,144
  • Aug 15, 2012 8:33am Aug 15, 2012 8:33am
Hi guys....

I know it is boring with this pair...i am waiting for the breakout which is not happening....

Here are my charts....

First is 4h chart which is in range for this entire week...

Second is 5m chart and fib. is for previous 4h candle....waiting for the breakout...

In the mean time i was watching eur/usd which is in range for last 2 hours....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd-cad-waiting-for-breakout-4h chart.gif Size: 19 KB
Click to Enlarge Name: usd-cad-waiting-for-breakout-5m.gif Size: 17 KB
I am a hunter...i kill both bulls and bears...
  • #3,145
  • Aug 15, 2012 9:58am Aug 15, 2012 9:58am
Guys it broke the range....short the pair....

I short the pair....
I am a hunter...i kill both bulls and bears...
  • #3,146
  • Aug 15, 2012 11:28am Aug 15, 2012 11:28am
GL

NOT much interest down there, gotta be nervous selling a bottom in a OS market
when they pull the rug out the stops above will be a chain reaction like splitting the atom, but could go another 100 or 1000 who knows
"Millionaires don't use astrology, billionaires do"
  • #3,147
  • Aug 15, 2012 11:43am Aug 15, 2012 11:43am
This pair is really slow....i was waiting for last 4hrs...2 legs out with +2 pip...

I could have performed well...i will see this pair 2morow...The main point i noticed with this pair is it will trend only during US session rest of the day it will be in range....

I will be in the market....let market show me the bottom...today it broke range down side and last weekly candle is down....this week it already retraced and moving downward....i am biased down for this week...

Cheers guys...happy pippin....i knew today it will break but couldn't add any leg...will see this pair 2morow...
I am a hunter...i kill both bulls and bears...
  • #3,148
  • Aug 15, 2012 12:04pm Aug 15, 2012 12:04pm
This ain't going down another 100 pips, no way no how. If it did I'm done with this pair.
  • #3,149
  • Aug 15, 2012 1:06pm Aug 15, 2012 1:06pm
Quoting Zappa
This ain't going down another 100 pips, no way no how. If it did I'm done with this pair.
that's what I thought as well. I'm long from 0.989 , TP 1.065 , with no Stop loss.
  • #3,150
  • Aug 15, 2012 1:11pm Aug 15, 2012 1:11pm
Quoting sasakiac
that's what I thought as well. I'm long from 0.989 , TP 1.065 , with no Stop loss.
If you don't think it's going to go down another 100 pips, then why would you not use a stop loss just in case you're wrong?
  • #3,151
  • Aug 15, 2012 2:21pm Aug 15, 2012 2:21pm
Quoting Zappa
This ain't going down another 100 pips, no way no how. If it did I'm done with this pair.
I think that the probability of going lower by 100 pips in the rest of the week is low.
  • #3,152
  • Aug 15, 2012 2:25pm Aug 15, 2012 2:25pm
Quoting eurgbpaud
I think that the probability of going lower by 100 pips in the rest of the week is low.
are u betting that it wont happen?
  • #3,153
  • Aug 15, 2012 2:33pm Aug 15, 2012 2:33pm
Quoting sidhujag
are u betting that it wont happen?
I am betting that it is less likely than going higher. I have a long position.
  • #3,154
  • Aug 15, 2012 2:34pm Aug 15, 2012 2:34pm
Quoting eurgbpaud
I am betting that it is less likely than going higher. I have a long position.
hmmmm it just made another low very bearish sign actually. I think I'll sell here with a tight stop
  • #3,155
  • Aug 15, 2012 3:35pm Aug 15, 2012 3:35pm
Quoting sidhujag
hmmmm it just made another low very bearish sign actually. I think I'll sell here with a tight stop
You may be right. But we do not know yet if that new low is the low of the day or the low of the week or the low of the month or none of the above.
  • #3,156
  • Aug 15, 2012 3:41pm Aug 15, 2012 3:41pm
Quoting eurgbpaud
You may be right. But we do not know yet if that new low is the low of the day or the low of the week or the low of the month or none of the above.
Yea... well if u got in near th ebottom its a good trade with good R/R... otherwise its 50/50
  • #3,157
  • Aug 15, 2012 4:11pm Aug 15, 2012 4:11pm
Quoting Zappa
If you don't think it's going to go down another 100 pips, then why would you not use a stop loss just in case you're wrong?
I notice that this pair usually won't stay under 0.99 for a long time. So I would rather long for every -100 pips under this level instead of shorting it. To me, it seems really close to the bottom.
  • #3,158
  • Aug 15, 2012 4:50pm Aug 15, 2012 4:50pm
Quoting sasakiac
I notice that this pair usually won't stay under 0.99 for a long time. So I would rather long for every -100 pips under this level instead of shorting it. To me, it seems really close to the bottom.
Join the club, friend.
  • #3,159
  • Aug 15, 2012 5:07pm Aug 15, 2012 5:07pm
We gotta be at the bottom of the bottom here. It has a very slight chance of tagging 60, but I doubt it.
  • #3,160
  • Aug 15, 2012 5:27pm Aug 15, 2012 5:27pm
Quoting Pilfered
Join the club, friend.
Good performance I should say and I'm thinking we might have a similar strategy. I personally believe that usd/cad is good for long term trade since its very slow ( or stable ). I think of 1.00 as a pivot point. Prices will usually return to this level regardless long or short. My strategy is a little bit weird. I enter short when it's 100 pips above or long when it's 100 pips below. And add pending orders for every 100 pip distance. I used to put stop loss but I ended up breaking even.... and the price normally went back in less than a week.

I really hate to determine trend direction though, it just makes me more nervous and kills my brain. I believe this lazy trading strategy will just make my life easier.
6 traders viewing now