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USD/CAD

  • #4,121
  • Sep 2, 2013 10:43am Sep 2, 2013 10:43am
Quoting pipcenturion
{quote} Bro, check that monster bear candle from Friday. That candle alone did over 40pips! That's about 50% of the average daily range of USDCAD. Do you think real traders will joke with such ''hand writing on the wall''? I also mentioned that a bearish bat has been formed on daily tf. The only thing to watch out for is a daily candle close above 1.0608 because that will invalidate the resistance (and the bat pattern also). This condition is what MUST be fulfilled for a bat to transpose into a crab. Enjoy your day bro.

Since you like Harmonics Check out GC
Its 1.27 fib Extension on weekly was rejected previously like recently..According to Scott Carney high probable short area.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #4,122
  • Sep 2, 2013 10:46am Sep 2, 2013 10:46am
Good day,

Trade plan going forward

Regards
Attached Image (click to enlarge)
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  • #4,123
  • Sep 2, 2013 11:40am Sep 2, 2013 11:40am
Quoting JeremyWS
{quote} no as its all just a multiple of daily, so monthly doesn't matter, i.e. for 24 month rolling you would calculate it in terms of days i.e. 30x24 = 720.



If you draw a monthly chart of 2yrs and daily chart of 2yrs results are the same.You just have more detailed data on daily chart.
I don't understand your perspective.Are you referring simply daily chart is more precise in mathematical sense then monthly? in terms of software able to calculate?Probably true but how does that change the facts.Monthly is just compressed weekly and daily and 4h 1h etc
In trading, you have to be defensive and aggressive at the same time
  • #4,124
  • Sep 2, 2013 2:07pm Sep 2, 2013 2:07pm
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}
Target has been reached. 1.638...ish. (See Attached Image... )

Davit, I am eyeing GBP/CAD for some downside. It looks ripe for some nice retracement to the downside. I am with you on that. Let's see how this unfolds.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADShorttoLong.JPG Size: 108 KB
  • #4,125
  • Sep 2, 2013 10:32pm Sep 2, 2013 10:32pm
USD_CAD Making me Such a boring and too much Confusing I am with Long on CAD_Sep with Stander lot 1.00
and CAD_sep still move in down side Big big lose i am facing now a days I am just waiting USD_CAD Down side
so that CAD_Sep move up side 13_Sep is last day of CAD_Sep Contract big reason too worry about my money
any one have any news or Idea where USD_CAN will move ???? more up or take few step back down side ??
  • #4,126
  • Sep 2, 2013 11:36pm Sep 2, 2013 11:36pm
Hello

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  • #4,127
  • Sep 3, 2013 12:16am Sep 3, 2013 12:16am
Quoting FxMaximus
{quote} Target has been reached. 1.638...ish. (See Attached Image... ) Davit, I am eyeing GBP/CAD for some downside. It looks ripe for some nice retracement to the downside. I am with you on that. Let's see how this unfolds. {image}

Hi Max
Retrace is "due"
Hopefully tonight's construction PMI is negative which I doubt lately every Pound stat has been positive.Kind of frustrating me.
This is why pound has not dropped like the Euro.
Short retrace is doable like 30-40 pips but I am looking back to 59.5 which is my TP.I am willing to wait a month or so.
regards
In trading, you have to be defensive and aggressive at the same time
  • #4,128
  • Sep 3, 2013 5:41am Sep 3, 2013 5:41am
USD_CAD little fall but major fall will come in this week B ready and catch it Good luck
  • #4,129
  • Sep 3, 2013 5:46am Sep 3, 2013 5:46am
Long here looking to buy a quick pullback to 1.0538. stop just above round number 1.05
All posts are my personal opinion
  • #4,130
  • Sep 3, 2013 6:04am Sep 3, 2013 6:04am
Quoting pipcenturion
{quote} .. . Anyway, USDCAD has come into supply zone very much like I said in my first post to TT. 1.0553- 1.0581 (sell cluster) There also is a bearish bat on daily tf with its point D within my sell cluster. I expect some decent sell off until at least 1.0474 Happy trading everyone.
Here is progress report from the sell trade I took yesterday.
I'm +40pips now.
See chart attached.
Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1_progress_report.png Size: 37 KB
  • #4,131
  • Sep 3, 2013 6:06am Sep 3, 2013 6:06am
Quoting pipcenturion
{quote} Here is progress report from the sell trade I took yesterday. I'm +40pips now. See chart attached. Happy trading! {image}
you taking some profit or what!?
All posts are my personal opinion
  • #4,132
  • Sep 3, 2013 6:09am Sep 3, 2013 6:09am
lots of USD news out at 10 better get those SL's in!
All posts are my personal opinion
  • #4,133
  • Sep 3, 2013 6:17am Sep 3, 2013 6:17am
Quoting Rtm
{quote} you taking some profit or what!?
I will take profit at 1.0484 (actual support on daily time frame is 10 pips lower though)
Enjoy your day.
  • #4,134
  • Sep 3, 2013 6:18am Sep 3, 2013 6:18am
USD_CAD ; move down after making my Mind bored >_< i was with Buy on CAD_Sep If USD_CAD move down then CAD_Sep move up and today finally USD_CAD move down and CAD_SEP go up and i gain 300$ I am sure now CAD_Sep will go more up B cz i closed my trade >_< any way I am happy now good luck to all of you
  • #4,135
  • Sep 3, 2013 7:06am Sep 3, 2013 7:06am
Quoting pipcenturion
{quote} I will take profit at 1.0484 (actual support on daily time frame is 10 pips lower though) Enjoy your day.
still sticking to this?
  • #4,136
  • Sep 3, 2013 9:06am Sep 3, 2013 9:06am
Quoting ForexWhale
{quote} still sticking to this?
Emphatically yes! I try to the the very best of entries and then hold the trade it turns realized P/L.
I just threw in another sell limit at a near resistance level. Pyramiding your trades this way can really make the profit add up while maintaining trades ONLY in the direction of impulsive waves.
Enjoy your day.
  • #4,137
  • Sep 3, 2013 9:10am Sep 3, 2013 9:10am
Quoting pipcenturion
{quote} Emphatically yes! I try to the the very best of entries and then hold the trade it turns realized P/L. I just threw in another sell limit at a near resistance level. Pyramiding your trades this way can really make the profit add up while maintaining trades ONLY in the direction of impulsive waves. Enjoy your day.

I stack orders too
Key is always be within your comfort zone.I am still waiting for 1.06 and higher to pull the trigger.
In trading, you have to be defensive and aggressive at the same time
  • #4,138
  • Sep 3, 2013 9:10am Sep 3, 2013 9:10am
Quoting pipcenturion
{quote} Here is progress report from the sell trade I took yesterday. I'm +40pips now. See chart attached. Happy trading! {image}
well done. I was taken out with some gains. GL
the cautious seldom err....C
  • #4,139
  • Sep 3, 2013 9:17am Sep 3, 2013 9:17am
Quoting pipcenturion
{quote} Emphatically yes! I try to the the very best of entries and then hold the trade it turns realized P/L. I just threw in another sell limit at a near resistance level. Pyramiding your trades this way can really make the profit add up while maintaining trades ONLY in the direction of impulsive waves. Enjoy your day.

If this plays out your TP is easily conservative .. Bearish Gartley - Daily chart. Enjoy
Attached Image (click to enlarge)
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Fall down 7 times, Stand up 8.
  • #4,140
  • Sep 3, 2013 9:21am Sep 3, 2013 9:21am
My style of trading is swing hence I don't take trades unless I am willing to gain minimum 100pips.Because of this shorter time frame fluctuations I ignore.
Key fact is price is still above 1.050 therefore target 1.06 and 1.07 is still valid.
1.27 extension is key and combine that with resistance then its a very strong market turning point.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.weekly.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
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