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USD/CAD

  • #4,001
  • Aug 23, 2013 4:52am Aug 23, 2013 4:52am
the new governor of the boc is gonna bring you all a margin call
  • #4,002
  • Aug 23, 2013 6:43am Aug 23, 2013 6:43am
if this 4 hour candle closes like this for GBPCAD its seemingly a very strong reversal.
  • #4,003
  • Aug 23, 2013 6:45am Aug 23, 2013 6:45am
Quoting JeremyWS
if this 4 hour candle closes like this for GBPCAD its seemingly a very strong reversal.
  • #4,004
  • Aug 23, 2013 6:52am Aug 23, 2013 6:52am
Dear Members

Hopefully I'm on the right train going South.......
  • #4,005
  • Aug 23, 2013 7:46am Aug 23, 2013 7:46am
Quoting Jan Price
Dear Members Hopefully I'm on the right train going South.......
The train conductor is yellin'..... "ALL ABOARD!!!" Let's just see how many stops along the way this line will take.
  • #4,006
  • Aug 23, 2013 8:29am Aug 23, 2013 8:29am
Possible intervesoes central banks of the countries of the 3rd world, including Brazil, can provicar one handedness starting today, this growth can become in indecision market stay tuned to a formation of a fourth wave with possible 5th wave and short.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-d1-liteforex-group-of.png Size: 49 KB
  • #4,007
  • Aug 23, 2013 10:27am Aug 23, 2013 10:27am
Good day,

If we can dip slightly - I can kill one of the weaker entries. Otherwise I build for short. USD/CAD could still go to 1.07xx from here - no problem. Target down to 1.018x

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 99 KB
  • #4,008
  • Aug 23, 2013 10:28am Aug 23, 2013 10:28am
Quoting TauTrader
Good day, If we can dip slightly - I can kill one of the weaker entries. Otherwise I build for short. USD/CAD could still go to 1.07xx from here - no problem. Target down to 1.018x Regards {image}

I see you on all threads. how many pairs do you trade?
  • #4,009
  • Aug 23, 2013 10:37am Aug 23, 2013 10:37am
Quoting giveachance
{quote} I see you on all threads. how many pairs do you trade?
Good day to you, Sir

Mostly GBP/USD. But also EUR/USD, USD/CAD, AUD/USD, USD/CHF, NZD/USD and EUR/GBP. That is it.

I have only recently started posting on threads outside of GU.

Did not mean to post too much..

Regards to you!
  • #4,010
  • Aug 23, 2013 10:42am Aug 23, 2013 10:42am
Quoting TauTrader
{quote} Good day to you, Sir Mostly GBP/USD. But also EUR/USD, USD/CAD, AUD/USD, USD/CHF, NZD/USD and EUR/GBP. That is it. I have only recently started posting on threads outside of GU. Did not mean to post too much.. Regards to you!

wishing you all the luck
  • #4,011
  • Aug 23, 2013 10:47am Aug 23, 2013 10:47am
Quoting TauTrader
Good day, If we can dip slightly - I can kill one of the weaker entries. Otherwise I build for short. USD/CAD could still go to 1.07xx from here - no problem. Target down to 1.018x Regards {image}

We are going to 650 for sure, and most probably to the 1.0800 area. Not immediately though.
  • #4,012
  • Aug 23, 2013 10:57am Aug 23, 2013 10:57am
Quoting MidnightRun
{quote} We are going to 650 for sure, and most probably to the 1.0800 area. Not immediately though.
Good day to you, MidnightRun

Could be if we end the next 2 weeks up at these levels ( 1.05xx to 1.06xx) - but towards year end - I believe we will slide down. I have a small positive swap on shorties - so ok. Just have to check the wallet and not get too involved. Time it. Time it.

May you prosper
  • #4,013
  • Aug 23, 2013 11:47am Aug 23, 2013 11:47am
Correction of the third wave is beginning, and will be a fix already complex that the second wave was very stable!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m15-liteforex-group-of.png Size: 78 KB
  • #4,014
  • Aug 23, 2013 1:08pm Aug 23, 2013 1:08pm
Quoting ronnyxtrader
Correction of the third wave is beginning, and will be a fix already complex that the second wave was very stable! {image}

Judging on your chart numbers it seems you are on 5 or 15min chart.I don't think drawing EW on short Time frame is ideal.
In trading, you have to be defensive and aggressive at the same time
  • #4,015
  • Aug 23, 2013 1:26pm Aug 23, 2013 1:26pm
G/C If retrace continues next week I am looking at least 38.2 Fib but my TP is slightly higher and close to 61.8 fib previous support level at 59.5
I feel slightly better and will hold until reach target.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.daily.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,016
  • Edited Aug 24, 2013 12:08am Aug 23, 2013 1:30pm | Edited Aug 24, 2013 12:08am
another look from harmonic perspective.
G/C
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.h4.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,017
  • Aug 23, 2013 2:42pm Aug 23, 2013 2:42pm
Analyzing the daily graph which many consider more correct're watching a formation of a SHOOTING STAR BEARISH indicated the beginning of a fall next week, with a possible range between laterality or will 1.05x 1.03x, that due to the banks' interventions centras other developing countries according to fundamentalist analysis. Sincerely and until the next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Shot.png Size: 56 KB
  • #4,018
  • Aug 24, 2013 8:21am Aug 24, 2013 8:21am
Quoting Fxmaximus
Davit, check out the M tf on the GBP/CAD. Is that an engulfing or what? Threw down some for long term growth. Lookin' kinda ready to give some growth spurts as the commodity currencies....(CAD, NZD, AUD...I know you know that) are getting clocked. "Set and forget."
Now with the GBP/CAD clearly visiting the "Supply" level as HDA pointed out, the downside can be fast a viscous. I've already taken a SHORT position after considering HDA's very valid points. Excellent stuff. Now, however, I am looking at that HUGE BULLISH ENGULFING on the Month chart. Come end of August, just days away, what will the UPSIDE potential be once this pair reaches the "DEMAND ZONE" areas. Anyone looking at the Month chart can see the tremendous upside POTENTIAL...key word.... "POTENTIAL". The W1 chart is sending us streamers indicating there is some activity moving in that direction. Just an FYI for my fellow SWING to POSITION style FX bros.
  • #4,019
  • Aug 24, 2013 9:15am Aug 24, 2013 9:15am
Quoting Fxmaximus
{quote} Now with the GBP/CAD clearly visiting the "Supply" level as HDA pointed out, the downside can be fast a viscous. I've already taken a SHORT position after considering HDA's very valid points. Excellent stuff. Now, however, I am looking at that HUGE BULLISH ENGULFING on the Month chart. Come end of August, just days away, what will the UPSIDE potential be once this pair reaches the "DEMAND ZONE" areas. Anyone looking at the Month chart can see the tremendous upside POTENTIAL...key word.... "POTENTIAL". The W1 chart is sending us streamers...

I believe we will hit at least 59 1st before going past 1.65. I seriously doubt G/C going beyond price channel since 2010.Its been within it for over 3yrs.
For this pair to go higher past 1.65 there must be real fundamental reasons change ie serious drop of oil prices..which I don't see it happening.
Yes upside has tremendous potential but that upside was coming from 2008 crash.In my humble view global economy is stagnant and no country's economy is dominate to cause extreme shift.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.weekly.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,020
  • Aug 24, 2013 9:43am Aug 24, 2013 9:43am
For GBP/CAD, pay attention to GBP/USD and USD/CAD

Play around with this and see demand is higher for which pairs - spot the strength and weakness in USD, GBP and CAD

USD/CAD x GBP/USD = GBP/CAD
GBP/CAD ÷ USD/CAD = GBP/USD
GBP/CAD ÷ GBP/USD = USD/CAD
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