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USD/CAD

  • #3,761
  • Jun 10, 2013 2:29pm Jun 10, 2013 2:29pm
Price being rejected at USDCAD Daily 61.8 FIB level for LONG trade.
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All posts are my personal opinion
  • #3,762
  • Jun 20, 2013 5:55am Jun 20, 2013 5:55am
I am long from .0315, think we are going to at least retest the most recent top in .0420 area.
Thanks.
  • #3,763
  • Jun 20, 2013 9:51am Jun 20, 2013 9:51am
Here we are again, range 1.02-1.04. Pick ur side . Trade safe fellows
trade safe
  • #3,764
  • Jun 21, 2013 7:54am Jun 21, 2013 7:54am
1.047 achieved ahead of time.
A possible repeat of history?
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  • #3,765
  • Jun 21, 2013 8:03am Jun 21, 2013 8:03am
Quoting tweezer
1.047 achieved ahead of time. A possible repeat of history? {image}

tweezer, could you clarify what repeat and history you have in mind, and what are your projections now?
Thanks.
  • #3,766
  • Jun 21, 2013 8:45am Jun 21, 2013 8:45am
Quoting MidnightRun
{quote} tweezer, could you clarify what repeat and history you have in mind, and what are your projections now? Thanks.
I'm referring to event in the 1/3 cycle (first blue box) around late January. A couple more move up before a plunge and then creeping to the meeting point at 1.047 again. A possible trade setup is to short every up move until price reaches 1.042. After which we can buy every dip until price reaches 1.047 again. At the end of the second blue box, we have plenty to look forward to.

Of course this is just a possible scenario. Please don't blindly follow as it's not a signal.
  • #3,767
  • Jun 21, 2013 9:10am Jun 21, 2013 9:10am
Quoting tweezer
{quote} I'm referring to event in the 1/3 cycle (first blue box) around late January. A couple more move up before a plunge and then creeping to the meeting point at 1.047 again. A possible trade setup is to short every up move until price reaches 1.042. After which we can buy every dip until price reaches 1.047 again. At the end of the second blue box, we have plenty to look forward to. Of course this is just a possible scenario. Please don't blindly follow as it's not a signal.

Do I get it right that a couple of more moves up you have in mind should exceed today's top at 1.0490 before plunging? Is it how it works?
Thanks.
  • #3,768
  • Jun 21, 2013 9:32am Jun 21, 2013 9:32am
Lets go USD!
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  • #3,769
  • Jun 21, 2013 11:48am Jun 21, 2013 11:48am
Quoting MidnightRun
{quote} Do I get it right that a couple of more moves up you have in mind should exceed today's top at 1.0490 before plunging? Is it how it works? Thanks.
might or might not happen. nothing can be 100% certain otherwise everyone will be rich
we can take the past into consideration in our future trades
  • #3,770
  • Jun 24, 2013 7:23am Jun 24, 2013 7:23am
New high, loving it
trade safe fellows
trade safe
  • #3,771
  • Jun 24, 2013 7:31am Jun 24, 2013 7:31am
Seems like they are determined to push it up. I put in a short
  • #3,772
  • Jun 24, 2013 9:49am Jun 24, 2013 9:49am
Weekly gap didn't seem to want to be closed. Long still in favor?
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  • #3,773
  • Jun 24, 2013 10:27am Jun 24, 2013 10:27am
I know this whole GAP issue is really contentious but really there is no gap.
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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #3,774
  • Jun 24, 2013 10:49am Jun 24, 2013 10:49am
It looks a gap on my platform. Mind I ask you what broker are you with.
  • #3,775
  • Jun 24, 2013 10:49am Jun 24, 2013 10:49am
May have to wait till later in the week to see any big moves in the currency. We are at a 2 year high though so i maintain my short.

http://www.futurecurrencyforecast.co...year-low/20006
  • #3,776
  • Jun 24, 2013 11:08am Jun 24, 2013 11:08am
Quoting ilcgs
It looks a gap on my platform. Mind I ask you what broker are you with.
Broker does not matter mate. The so called GAP is just price feed closing on Friday then opening on Sunday. Reality is that trading does not stop. Interbank, currency has still been traded through the retail GAP. There are quite a few sites if you google where you can see spot prices over weekend. It's just our retail brokers don't let us trade it.

I think we will test 1.065x ish and if this gives way 1.10- 1.12 is not unrealistic. This is not a call it is just my view. I will re-load @ 1.03 -1.035x ish if we get there ?

Good Luck All.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #3,777
  • Jun 24, 2013 12:15pm Jun 24, 2013 12:15pm
Quoting ilcgs
Weekly gap didn't seem to want to be closed. Long still in favor? {image}
You can't consider this a gap until the candle closes on Friday. Normally gap opens that don't close on Monday (and this one will not unless some extreme event happens in next 4 hours), the gap will not be closed until Friday. With Canada GDP, good possibility of closing gap on Friday on a bounce.

With the Bernanke sitting on the ask for all USD crosses, including commodity based like CAD and AUD, going long on dips is the best bet for the Summer of '13.
Ecclesiastes 1:9
  • #3,778
  • Jun 24, 2013 1:30pm Jun 24, 2013 1:30pm
Just went short on this pair. It seems like the recent up-trend is running out of momentum. Keeping my fingers crossed!
  • #3,779
  • Jun 25, 2013 3:50pm Jun 25, 2013 3:50pm
Quoting AVLtrader
Just went short on this pair. It seems like the recent up-trend is running out of momentum. Keeping my fingers crossed!

It hasn't been this high since Nov of 2011 and its becoming more and more tempting to short this pair. How much higher can it go?
  • #3,780
  • Edited 9:49pm Jun 28, 2013 4:04pm | Edited 9:49pm
Pending short at 1.05550. Stop 1.06275, target 1.041
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