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  • #3,801
  • Jul 15, 2013 11:52am Jul 15, 2013 11:52am
Quoting zz_zhang
{quote} I am with you this time round.... Trade safe fellows

Lower your lots or divide 1 lot into 4 and add to position if it goes against you so your overall position averages to better price.
I add to position in 25 pips increments but you could do 30 or 50.Point is if you are wrong then you can exit at 25% of intended order hence cut the losses to minimum and if you feel good about the trade then you can add more.
Just a tip
In trading, you have to be defensive and aggressive at the same time
  • #3,802
  • Jul 15, 2013 3:43pm Jul 15, 2013 3:43pm
short 422 424
price moved 6pips in 2hours
wow
In trading, you have to be defensive and aggressive at the same time
  • #3,803
  • Jul 15, 2013 3:44pm Jul 15, 2013 3:44pm
Yea I traded the short term swings today nice whipsaw
  • #3,804
  • Jul 15, 2013 3:46pm Jul 15, 2013 3:46pm
I have a target around 1.2060 for this next wave. Hopefully, I don't get shaken out this time.
  • #3,805
  • Jul 15, 2013 3:51pm Jul 15, 2013 3:51pm
Quoting ChinoCop
I have a target around 1.2060 for this next wave. Hopefully, I don't get shaken out this time.
1.2060 for the USD/CAD ?
It's the simple things in life that have the most powerful meaning.
  • #3,806
  • Jul 15, 2013 3:54pm Jul 15, 2013 3:54pm
Quoting lebleup
{quote} 1.2060 for the USD/CAD ?
161.8 extension of the 4 hour FOMC candle plus the pullback of the 7/11/2013 00:00 4 hour candle. Sorry, 1.0206. Typo!
Attached Image (click to enlarge)
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  • #3,807
  • Jul 15, 2013 3:55pm Jul 15, 2013 3:55pm
Quoting ChinoCop
I have a target around 1.2060 for this next wave. Hopefully, I don't get shaken out this time.

1.20? or 1020
1.20 is 1600pips last time that was reached was 2008 housing crash.
In trading, you have to be defensive and aggressive at the same time
  • #3,808
  • Jul 15, 2013 4:00pm Jul 15, 2013 4:00pm
Quoting ChinoCop
{quote} 161.8 extension of the 4 hour FOMC candle plus the pullback of the 7/11/2013 00:00 4 hour candle.
Well this pair has been would up tight for 3 plus years. I do expect a pop upwards. But that much? Well, being that I am LONG this pair... that would be SHWEEEEET! Oil is expected to pull way back (cut near in half from these levels) according to some big oil guru... that would assist in the ignition of lift off. Let's see how it unfolds.
It's the simple things in life that have the most powerful meaning.
  • #3,809
  • Jul 15, 2013 4:01pm Jul 15, 2013 4:01pm
Quoting lebleup
{quote} Well this pair has been would up tight for 3 plus years. I do expect a pop upwards. But that much? Well, being that I am LONG this pair... that would be SHWEEEEET! Oil is expected to pull way back (cut near in half from these levels) according to some big oil guru... that would assist in the ignition of lift off. Let's see how it unfolds.
Sorry, I meant 1.0206 . First, It has to get through the green trendline connecting the higher lows.
Attached Image (click to enlarge)
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  • #3,810
  • Jul 15, 2013 4:04pm Jul 15, 2013 4:04pm
Quoting ChinoCop
{quote} Sorry, I meant 1.0206

I know. You were seeing if anyone was awake.
It's the simple things in life that have the most powerful meaning.
  • #3,811
  • Jul 15, 2013 9:16pm Jul 15, 2013 9:16pm
In my technical opinion, an ideal place to load some small shorts would be at around 1.046x area. There is where price completes a smaller "journey" based on what I see on my chart.
  • #3,812
  • Jul 16, 2013 1:25am Jul 16, 2013 1:25am
Quoting ChinoCop
{quote} Sorry, I meant 1.0206 . First, It has to get through the green trendline connecting the higher lows. {image}
yea its good idea.we short too and hope data us in red this week
  • #3,813
  • Jul 16, 2013 2:45am Jul 16, 2013 2:45am
Nice rising wedge on the hourlies so potentially some downside to come so I am looking to short below 1.0400, but put in some buy orders just above 1.0440 as the daily charts showing a retrace to just above the fib level.
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  • #3,814
  • Edited 12:54pm Jul 16, 2013 11:47am | Edited 12:54pm
closed my shorts +150pips.
Will reload once above 430
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #3,815
  • Jul 16, 2013 11:56pm Jul 16, 2013 11:56pm
Quoting Davit
closed my shorts +150pips. Will reload once above 430 {image}
great! I am expecting another 1.06
  • #3,816
  • Jul 17, 2013 12:36am Jul 17, 2013 12:36am
Quoting namitak007
{quote} great! I am expecting another 1.06

Not likely unless BOC cuts rates but that would be too dramatic.
News is due in 9hrs
To me anything above .1050 is sell zone unless again fundies change.

Long term Canadian dollar looks strong.I will be continually buy or short the USD against the Loonie when it overshoots.
I think overall sentiment is BOC would love to increase the rate of 1% which has not changed last 4yrs.

"Conventional wisdom is that Canada’s central bankers will raise the benchmark interest rate in the later part of 2014, when it will have been frozen at 1 per cent for about four years."
In trading, you have to be defensive and aggressive at the same time
  • #3,817
  • Jul 17, 2013 12:55am Jul 17, 2013 12:55am
Quoting Davit
{quote} Not likely unless BOC cuts rates but that would be too dramatic. News is due in 9hrs To me anything above .1050 is sell zone unless again fundies change. Long term Canadian dollar looks strong.I will be continually buy or short the USD against the Loonie when it overshoots. I think overall sentiment is BOC would love to increase the rate of 1% which has not changed last 4yrs. [url=http://www.theglobeandmail.com/report-on-business/economy/economy-lab/poloz-could-surprise-with-first-policy-decision-by-pushing-back-rate-rise/article13211667/]"Conventional...
yup! Not sure about increased rate but hold can be expected.
I have sell orders right from 1.045 to 1.06 in total 5 with 30 pips gaps!
  • #3,818
  • Jul 17, 2013 1:18am Jul 17, 2013 1:18am
Quoting namitak007
{quote} yup! Not sure about increased rate but hold can be expected. I have sell orders right from 1.045 to 1.06 in total 5 with 30 pips gaps!
WTF did you copy my trading plan?
While you are at it don't overlook EC short 37 and above. I have 3 shorts now at 3650 area but will continue shorting this as well if it goes higher.
In trading, you have to be defensive and aggressive at the same time
  • #3,819
  • Jul 17, 2013 1:44am Jul 17, 2013 1:44am
Quoting Davit
{quote} WTF did you copy my trading plan? While you are at it don't overlook EC short 37 and above. I have 3 shorts now at 3650 area but will continue shorting this as well if it goes higher.
hahahahah!

Well I am currently short on AU @0.9191 and @0.922 And EU @1.3144 pending @1.32 and @1.31 so I will not go for any other pair righ now till all these gets either SL or TP hit !
  • #3,820
  • Jul 19, 2013 3:25am Jul 19, 2013 3:25am
Quoting namitak007
{quote} yup! Not sure about increased rate but hold can be expected. I have sell orders right from 1.045 to 1.06 in total 5 with 30 pips gaps!
Changed plan. Closed orders!! off from this for a bit.

Quoting namitak007
{quote} planning for long here? I am still with my shorts with target 1.0367
target hit. Closed all shorts and now waiting for long ! Yup! I will be longing from here.
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