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USD/CAD

  • #4,061
  • Aug 28, 2013 7:27am Aug 28, 2013 7:27am
Quoting xandi
{quote} "Land in sight!!!!"
...entered long now (6190) for the "due" retracement!!! 100 pips of hard fall!!!
  • #4,062
  • Aug 28, 2013 7:35am Aug 28, 2013 7:35am
Quoting xandi
{quote} ...entered long now (6190) for the "due" retracement!!! 100 pips of hard fall!!!
...and closed!!! 20 pips profit, good scalping!!!! +40+20= 60 pips on a universe of 100 pips wanted fall...could be worst! i´m happy
  • #4,063
  • Aug 28, 2013 8:02am Aug 28, 2013 8:02am
Closed ALL SHORT GBP/CAD positions and went LONG in light of Carney's firing up the GBP as well as the Crude situation in the cycle. PLUS there's a pretty nasty looking BULLISH ENGULFING on the Month chart of this pair. Call me crazy...but stops are in and I snagged a nice entry LONG. Let errrrr RRRRRRIIIIIp!!
  • #4,064
  • Aug 28, 2013 8:16am Aug 28, 2013 8:16am
Quoting alex4xes
My views, looks strong bull controlled market as of now. My chart is attached with detailed analysis of mine. We have established support @ 1.5880-1.5900 handle, but I am looking at 1.6280 handle where there was previous resistance which can act as support now, a perfect 3 drive harmonic move can start from this price level, & there are also many Fib & Fib extension confluence over there. But its market & it can do anything irrespective of how many odds we stack in our favor. Target is well above at 1.6880 handle so its very high R:R play. Cheers!...
I have too longed it as I was waiting for this LVL to play it. Have scaled out few & left few open & kept SL at its initial place so that if it is hit I come out BE, & will scale in more if the momentum persist. Its all about LVL & PA into those LVL. I still have my target in mind but at this PA & knowing price doesn't go in straight line, I am assuming that it will play a range bound play for coming few days between 1.6500 - 300 - 200, before shooting for my targets. All I have to do now is to wait n watch for PA to dictate when to scale in for leveraging my profit. WnW, patience is virtue!
Cheers
Attached Image(s) (click to enlarge)
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  • #4,065
  • Aug 28, 2013 6:32pm Aug 28, 2013 6:32pm
I believe that we had the last correction of the wave 04 today, in spite of not having had any complexity in the wave 02 possible indications of high. And other the analysis fundamentalista and favorable since the growth and imminent since the rates were high on that month of Augusts, I believe that now and the hour of buying, personnel will discuss seriously at that forum since him and I specify for USDCAD
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  • #4,066
  • Aug 29, 2013 12:20pm Aug 29, 2013 12:20pm
Quoting Fxmaximus
Closed ALL SHORT GBP/CAD positions and went LONG in light of Carney's firing up the GBP as well as the Crude situation in the cycle. PLUS there's a pretty nasty looking BULLISH ENGULFING on the Month chart of this pair. Call me crazy...but stops are in and I snagged a nice entry LONG. Let errrrr RRRRRRIIIIIp!!
Oh ain't it a good thing when trades work out the way your trading plan was figured? Oh ya. Nice.. very nice.
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  • #4,067
  • Aug 29, 2013 1:36pm Aug 29, 2013 1:36pm
Quoting Fxmaximus
{quote} Oh ain't it a good thing when trades work out the way your trading plan was figured? Oh ya. Nice.. very nice. {image}
good day to you, Fx

Well done.

I have entered first shorts again on USD/CAD ( but small) and will manage the trade up. Was of the opinion that we may target 1.07xx - so prepared for that. This will probably become a multi-month hold for me towards 1.0180.

Enjoy!
  • #4,068
  • Aug 29, 2013 1:45pm Aug 29, 2013 1:45pm
Quoting TauTrader
{quote} good day to you, Fx Well done. I have entered first shorts again on USD/CAD ( but small) and will manage the trade up. Was of the opinion that we may target 1.07xx - so prepared for that. This will probably become a multi-month hold for me towards 1.0180. Enjoy!

Short biased myself.I assume your 1.018 target is based upon 200MA correct?
Regards
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #4,069
  • Aug 29, 2013 2:09pm Aug 29, 2013 2:09pm
Quoting TauTrader
{quote} good day to you, Fx Well done. I have entered first shorts again on

Thanks!

USD/CAD ( but small) and will manage the trade up. Was of the opinion that we may target 1.07xx - so prepared for that. This will probably become a multi-month hold for me towards 1.0180. Enjoy!
With regards USD/CAD: Be aware that CRUDE Oil is closely related to this pair. Crude is on the verge of imploding which will propel ALL CAD cross pairs even higher. Observe closely the geopolitical events occurring currently that can have an impact on crude prices around the world. FWIW.
  • #4,070
  • Aug 29, 2013 2:21pm Aug 29, 2013 2:21pm
I agree with Fxmaximus we should be linked in the notiçias of the Petroleum they see á front -> Libya threatens to bombard no-authorized ships - " Any ship that is not under contract with the National Company of Petroleum (NOC) and that to approach of the terminals it will be bombarded by air and sea ", the premier said, increasing that possesses the support of the General National Congress - the higher political organ in Libya - THICK LEAD COMES OH...
  • #4,071
  • Aug 29, 2013 9:01pm Aug 29, 2013 9:01pm
Quoting Davit
{quote} Short biased myself.I assume your 1.018 target is based upon 200MA correct? Regards {image}
Good day to you, Davit

My apology for the late response. Had to catch some ZZZZ...

Going to have to time this. Every 100 pips up i'll look to possibly add. Slowly increasing lot size to improve average entry price. In terms of the 1.0180, I do not use moving averages.

Wish you all success

Regards
  • #4,072
  • Aug 29, 2013 9:51pm Aug 29, 2013 9:51pm
Quoting FxMaximus
{quote} With regards USD/CAD: Be aware that CRUDE Oil is closely related to this pair. Crude is on the verge of imploding which will propel ALL CAD cross pairs even higher. Observe closely the geopolitical events occurring currently that can have an impact on crude prices around the world. FWIW.
Good day to you, I hear you. But I never bank on correlation. Sometimes it's a good indicator. Sometimes not. A quick glance over a GU and EU chart would indicate reasonable correlation. But if we look at the past 50 period weekly, positive correlation was only 5.5%. Look at what happened from 12 August to date on OIL and CAD.

All the best
Attached Image
  • #4,073
  • Aug 30, 2013 6:56am Aug 30, 2013 6:56am
Quoting TauTrader
{quote} Good day to you, I hear you. But I never bank on correlation. Sometimes it's a good indicator. Sometimes not. A quick glance over a GU and EU chart would indicate reasonable correlation. But if we look at the past 50 period weekly, positive correlation was only 5.5%. Look at what happened from 12 August to date on OIL and CAD. All the best {image}
Nice chart and presentation Mr. Tau. Again, a market is comprised of opposing sentiment. The way I see it, the sentiment is changing across the boards. Today is "the last day of summer" trading. Come Sunday Open...

Let the games begin!!!!
  • #4,074
  • Aug 30, 2013 7:59am Aug 30, 2013 7:59am
Quoting FxMaximus
{quote} Nice chart and presentation Mr. Tau. Again, a market is comprised of opposing sentiment. The way I see it, the sentiment is changing across the boards. Today is "the last day of summer" trading. Come Sunday Open... Let the games begin!!!!
Good day to you, sir FX

I'm not suggesting anything... your view is valid and the conclusion sound. Only time will tell us the truth. Which ever side you trade, may you prosper.

All success and a good end of the week to you.

Take care
  • #4,075
  • Aug 30, 2013 8:11am Aug 30, 2013 8:11am
USDCAD should go north or south while bullard speaks cause at monday US and CAD bank holiday also its weekend and month end WTF
  • #4,076
  • Aug 30, 2013 8:17am Aug 30, 2013 8:17am
Quoting TauTrader
{quote} Good day to you, sir FX I'm not suggesting anything... your view is valid and the conclusion sound. Only time will tell us the truth. Which ever side you trade, may you prosper. All success and a good end of the week to you. Take care
You as well Mr. Tau Trader. I will do my very best to finally take some rest time for this extended weekend ahead of us.
  • #4,077
  • Sep 2, 2013 3:36am Sep 2, 2013 3:36am
USD_CAD Boring >_< I want to see this pair in DIP side
  • #4,078
  • Sep 2, 2013 6:20am Sep 2, 2013 6:20am
Good day,

Reasonable area to start looking at more serious short position for me. Entered 2 TINY shorts to test the waters.. will add larger sells as we move deeper into the sell zone.. Have made a few Dollars already getting in and out from these levels.

Regards
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  • #4,079
  • Sep 2, 2013 7:02am Sep 2, 2013 7:02am
Quoting TauTrader
Good day, Reasonable area to start looking at more serious short position for me. Entered 2 TINY shorts to test the waters.. will add larger sells as we move deeper into the sell zone.. Have made a few Dollars already getting in and out from these levels. Regards {image}
I suggest that you watch for the reaction at 1.0520 (intra-day support) for a buy until 1.0562 resistance on daily tf).
The 1.0562 level can be faded into immediately because we already had a bearish bat form there.
Enjoy your day sir.
Meshach

NB: THERE IS ALSO 1.0580 RESISTANCE ON DAILY TF TO WATCH OUT FOR.
Find attached a screen short of a sell on WTI crude I just took. I'm sure we know how that CAD correcelates positively with crude.
A sell-off on crude therefore suggests weakness in the CAD.
Attached Image (click to enlarge)
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  • #4,080
  • Sep 2, 2013 7:32am Sep 2, 2013 7:32am
Quoting pipcenturion
{quote} I suggest that you watch for the reaction at 1.0520 (intra-day support) for a buy until 1.0562 resistance on daily tf). The 1.0562 level can be faded into immediately because we already had a bearish bat form there. Enjoy your day sir. Meshach NB: THERE IS ALSO 1.0580 RESISTANCE ON DAILY TF TO WATCH OUT FOR. Find attached a screen short of a sell on WTI crude I just took. I'm sure we know how that CAD correcelates positively with crude. A sell-off on crude therefore suggests weakness in the CAD. {image}
Good day to you, pipcenturion

Thank you for your post.

Normally a negative correlation between USD/CAD and oil. But good. I am slowly building the short towards 1.0180. Thank you for the pointers. Taken note.

All the best
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