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USD/CAD

  • #3,381
  • Oct 17, 2012 8:10am Oct 17, 2012 8:10am
My strategy is based on Murray levels. I can't say more detail. There are represented only lines of support and resistance. It would not be clearer but only confuse users if I leave all my calculations on the chart. Really this strategy is useful for short-range forecast. But orders are work with high level of probability. And you are right as to stop loss. If you have more questions please ask. I'll replay with pleasure.
  • #3,382
  • Oct 17, 2012 12:50pm Oct 17, 2012 12:50pm
...I see a bullish divergence in RSI in 5M, 15M, 30M chart...
  • #3,383
  • Oct 17, 2012 1:17pm Oct 17, 2012 1:17pm
Do any of you usdcad guys know whether the currency aspect of the Exxon Celtic Exploration deal is going thru today?

Got a good trade out of drop that fell below fib at .9789 - couldn't believe my luck (couldn't believe it went that far)
  • #3,384
  • Oct 17, 2012 1:19pm Oct 17, 2012 1:19pm
Quoting RWalker
Do any of you usdcad guys know whether the currency aspect of the Exxon Celtic Exploration deal is going thru today?

Got a good trade out of drop that fell below fib at .9789 - couldn't believe my luck (couldn't believe it went that far)
lol 9789 isnt a good price
  • #3,385
  • Oct 17, 2012 1:30pm Oct 17, 2012 1:30pm
Quoting sidhujag
lol 9789 isnt a good price
...that was my EXIT price on a scalp. I thought I'd have to get out at the fib, but something told me I should hang in and I got an extra 5 pips at high leverage. For me, it was a great price!

Correlation with other currencies that know I very well broke down today and other indications suggested it would stop at 9789 -- but it didn't

Why?
  • #3,386
  • Oct 17, 2012 1:44pm Oct 17, 2012 1:44pm
Quoting RWalker
...that was my EXIT price on a scalp. I thought I'd have to get out at the fib, but something told me I should hang in and I got an extra 5 pips at high leverage. For me, it was a great price!

Correlation with other currencies that know I very well broke down today and other indications suggested it would stop at 9789 -- but it didn't

Why?

No rumors?

Okay. Is there a well-vouched trader here who knows something about detecting large commercial FX transactions of any kind?
  • #3,387
  • Oct 17, 2012 3:55pm Oct 17, 2012 3:55pm
Quoting RWalker
No rumors?

Okay. Is there a well-vouched trader here who knows something about detecting large commercial FX transactions of any kind?
Just have to get someone with access to interbank fx orders
  • #3,388
  • Oct 17, 2012 5:10pm Oct 17, 2012 5:10pm
Quoting Rknigh2
Just have to get someone with access to interbank fx orders
Hahaa you can PM them to me when ever you feel like Rk
"Millionaires don't use astrology, billionaires do"
  • #3,389
  • Oct 17, 2012 6:24pm Oct 17, 2012 6:24pm
Quoting RWalker
...that was my EXIT price on a scalp. I thought I'd have to get out at the fib, but something told me I should hang in and I got an extra 5 pips at high leverage. For me, it was a great price!

Correlation with other currencies that know I very well broke down today and other indications suggested it would stop at 9789 -- but it didn't

Why?
not sure but 9765 is my murray math support
  • #3,390
  • Oct 18, 2012 3:45am Oct 18, 2012 3:45am
Hi, everybody. I here is my expectations as to USD/CAD today: BUY If the price breaks resistance level 0.98267 bullish movement will begin. The aim of such movement is the level 0.98667, with the following move up to the level 0.98877. SELL If the price breaks support level 0.97600 bearish movement will continue. The aim of such movement is the level 0.97350 with the following move down to the level 0.97046.
  • #3,391
  • Oct 18, 2012 5:26am Oct 18, 2012 5:26am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting candle779
Hi, everybody. I here is my expectations as to USD/CAD today: BUY If the price breaks resistance level 0.98267 bullish movement will begin. The aim of such movement is the level 0.98667, with the following move up to the level 0.98877. SELL If the price breaks support level 0.97600 bearish movement will continue. The aim of such movement is the level 0.97350 with the following move down to the level 0.97046.
I assume this system is working for you, else you wouldn't keep using it, but are you using it alone or in conjunction with something else?

Long term studies of Murrey Math predictors average a 51.4% success rate -- roughly the equivalent of tossing a coin, but like any technical analysis, Murrey Math predictions are far more reliable when they they show confluence with other indicators. In this case, I can't find any correlation between the values you posted and any trend line or Fibonacci levels but perhaps someone else in this forum can as I'm sure all of us are interested in any tool that will increase our success rate.
You can always make money tomorrow provided you don't lose it today.
  • #3,392
  • Oct 18, 2012 6:21am Oct 18, 2012 6:21am
i want to trade this pair at 8:30 EST when news comes out. i was researching past movements and this pair has been around this same level 0.9760-80 when this kind of news in the past. and started moving hour or so after news was released
  • #3,393
  • Oct 18, 2012 9:53am Oct 18, 2012 9:53am
The correlations seems out of wack today, good China GDP, aud/cad goes down. Good philly fed manufacturing, cad gets murdered. I mean it should be the other way around right?
  • #3,394
  • Oct 18, 2012 10:05am Oct 18, 2012 10:05am
Quoting Iro
The correlations seems out of wack today, good China GDP, aud/cad goes down. Good philly fed manufacturing, cad gets murdered. I mean it should be the other way around right?

Reaction to US jobs and maybe some correction for yesterdays "risk-on" gains?

Providing some opportunities for good prices to get back in. Added another partial short at .9825 U/C.
  • #3,395
  • Oct 18, 2012 10:09am Oct 18, 2012 10:09am
Quoting Rknigh2
Reaction to US jobs and maybe some correction for yesterdays "risk-on" gains?

Providing some opportunities for good prices to get back in. Added another partial short at .9825 U/C.
i was long yesterday night on deeps. book profit too early 0.9808
  • #3,396
  • Oct 18, 2012 10:39am Oct 18, 2012 10:39am
Ha I was a bit surprised by the move myself. But you can't predict the governor of Ontario or whatever resigning.
  • #3,397
  • Oct 18, 2012 10:45am Oct 18, 2012 10:45am
Quoting Rknigh2
Reaction to US jobs and maybe some correction for yesterdays "risk-on" gains?

Providing some opportunities for good prices to get back in. Added another partial short at .9825 U/C.
Maybe, but I think if it was just risk on profit taking they'd do it at the end of the session or day.

Instead the price went the opposite direct right after the news. My feeling is that the pros already brought in early ahead of everyone else, and "sold the fact". That's my theory anyway.
  • #3,398
  • Oct 18, 2012 2:04pm Oct 18, 2012 2:04pm
Quoting sidhujag
not sure but 9765 is my murray math support
This is what I call a good price.
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  • #3,399
  • Oct 19, 2012 7:38am Oct 19, 2012 7:38am
Pretty huge spike on the cad!
  • #3,400
  • Oct 19, 2012 7:45am Oct 19, 2012 7:45am
mark carney will keep the cad dollar strong, he's neither a dove or a hawk he's a pig
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