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Lets talk USDCAD

  • #81
  • Jun 20, 2006 2:27am Jun 20, 2006 2:27am
Quoting fxvision
lol, reversed since TL's didn't hold. 1.1176 is first pivot target
I dont know also what to do.
Im still in in short, but now im getting into loss area ...
  • #82
  • Jun 20, 2006 2:33am Jun 20, 2006 2:33am
I dont like this. Everthing moves depending on this f.....dollar....
and fed keeping market with a big '?' in the head.
Would be nice to see the market not caring anymore about 'workds..'
  • #83
  • Jun 20, 2006 6:01am Jun 20, 2006 6:01am
JOHN 3:16
  • #84
  • Jun 20, 2006 6:06am Jun 20, 2006 6:06am
Good I was still in short before CPI
my strategy is quite simple
I dont make big risky trades, so i can wait and wait ..not too long ofcousrse

Better to get 200$ a trade and wait, instead of loosing 500$ and cant wait
  • #85
  • Jun 20, 2006 6:11am Jun 20, 2006 6:11am
Quoting trucco
Good I was still in short before CPI
my strategy is quite simple
I dont make big risky trades, so i can wait and wait ..not too long ofcousrse

Better to get 200$ a trade and wait, instead of loosing 500$ and cant wait
.

I hear you there. I had a $2 risk on this one and am in profit about $2 right now.
JOHN 3:16
  • #86
  • Jun 20, 2006 6:16am Jun 20, 2006 6:16am
Quoting renasdad
.

I hear you there. I had a $2 risk on this one and am in profit about $2 right now.
For me the best friend is not only trend, but time...time factor and patience
I was in with a bit more, but not very much. I profit 80$. not much. I will buy a new jeans today .
  • #87
  • Jun 20, 2006 6:21am Jun 20, 2006 6:21am
My short from 1.1180 survived another test of 1.1250 and price has dropped to 1.1160. This chasing was a mistake from the start so I'm exiting here for +20 pips and thank my lucky charm this time.
Always wait for the opportune moment… just be careful not to miss it.
  • #88
  • Jun 20, 2006 6:38am Jun 20, 2006 6:38am
Quoting fxvision
My short from 1.1180 survived another test of 1.1250 and price has dropped to 1.1160. This chasing was a mistake from the start so I'm exiting here for +20 pips and thank my lucky charm this time.
If we had thousands of dollars and lot of time to wait for our mistakes almost all our trades, soon or later, would become profitable
  • #89
  • Jun 20, 2006 6:42am Jun 20, 2006 6:42am
Quoting fxvision
My short from 1.1180 survived another test of 1.1250 and price has dropped to 1.1160. This chasing was a mistake from the start so I'm exiting here for +20 pips and thank my lucky charm this time.

Im out also, I dont know very well CAD behaviours after announcments, so i stay out
  • #90
  • Jun 20, 2006 6:49am Jun 20, 2006 6:49am
Quoting fxvision
Just went long from 1.1195. I believe the trendlines will hold support ahead of the data. I might be wrong but with a tight stop at 1.1180, and a potential rise back to the 1.1250 area, the trade has a good r/r ratio.
You were correct also, apart of bunching first down to 1,1180.
Would have been nice long till there and short after
  • #91
  • Jun 20, 2006 7:24am Jun 20, 2006 7:24am
Yeah, all in all I feel I have had a good grip on loonie and a nice chunk of profit has been booked lately. If the current move continues past 1.1175 we could see 1.1150 tested. 100ema in 1.1175 and 200 ema in 1.1150 on the hourly. Right now I have left loonie to give the majors some attention. Housing starts out in 5 mins. Maybe this choppy day will get more choppy :
Always wait for the opportune moment… just be careful not to miss it.
  • #92
  • Jun 21, 2006 2:09am Jun 21, 2006 2:09am
Yes! Very nice drop to the 23.6% fib level around 1.1130 just now. If it breaks, we should see 1.1110 tested once more.
Always wait for the opportune moment… just be careful not to miss it.
  • #93
  • Jun 21, 2006 7:51am Jun 21, 2006 7:51am
I am not that knowledgeable on Loonie behavior. I just watched the 8:30 news and went down smoothly down 50 pips, I have a question though how often does this pair whips??

It moved nice slow in one direction, and since I am not that familiar with it I exited too early only grabbing 8 pips.
  • #94
  • Jun 21, 2006 1:37pm Jun 21, 2006 1:37pm
Only 8 pips is a shame in such a rallying market. Next time, just move your stop. That way, you feel you are doing something active and you still leave your trade open for more profits. Well, regarding behaviour... These last 3 weeks or so, Loonie has stayed within this very nice 250 pips range and the moved up and down have been fairly smooth. I think it trends very nicely also in periods. Just look at the daily chart and go back. I think it all depends on how short term you approach your trades.
Always wait for the opportune moment… just be careful not to miss it.
  • #95
  • Jun 22, 2006 3:41am Jun 22, 2006 3:41am
I have taken a short position from 1.1110. Tight stop above. Target remains 1.0980.
Always wait for the opportune moment… just be careful not to miss it.
  • #96
  • Jun 22, 2006 11:20am Jun 22, 2006 11:20am
Took the 10 pip loss and reversed long at the break of 1.1130. What a rally today... phew....
Always wait for the opportune moment… just be careful not to miss it.
  • #97
  • Jun 22, 2006 11:42am Jun 22, 2006 11:42am
Got in a little late on this one but in the green at the moment. I thought I had a buy stop at the 50% fib but evidently I didn't, got in just at the 61%.

Edit - long at 1.1165 so I have missed a good chunk.
  • #98
  • Jun 23, 2006 11:14am Jun 23, 2006 11:14am
Quote
Took the 10 pip loss and reversed long at the break of 1.1130. What a rally today... phew....

Closed my long loonie trade from 1.1130 in 1.1255. It topped at 1.1289, but I wasn't around the trading station then. +125 pips booked.
Always wait for the opportune moment… just be careful not to miss it.
  • #99
  • Jun 26, 2006 2:47pm Jun 26, 2006 2:47pm
I'm there dude
JOHN 3:16
  • #100
  • Jun 30, 2006 5:16am Jun 30, 2006 5:16am
LONG USDCAD.
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-soso
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