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USD/CAD

  • #4,261
  • Sep 24, 2013 3:35pm Sep 24, 2013 3:35pm
It will depend on wave 03, you may go beyond 0.4. I'm hoping that this fix does not become complex
  • #4,262
  • Sep 25, 2013 3:04am Sep 25, 2013 3:04am
Buy Eur/Cad 1,3895 Stop 1,3865 Limit 1,3950

Reason: SHS Pattern
consistency wins
  • #4,263
  • Edited 3:58am Sep 25, 2013 3:45am | Edited 3:58am
ill wait 1.0319X if iy breaks that level going up. ill buy 1h bar will end so if price breaks and go up it will be long
  • #4,264
  • Sep 25, 2013 5:13am Sep 25, 2013 5:13am
Wyckoff trading method for USD/CAD, looks similar to the Dollar Index chart. Agree, needs to take out 1.0319 on a Daily closing basis. So need to wait till 5 pm here in sunny Jacksonville.
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  • #4,265
  • Sep 25, 2013 7:06am Sep 25, 2013 7:06am
Good day,

UCAD is making a strong statement. I did close my longs earlier from 1.0190 area - but longed again ( very small) from 1.0296.

Will add to this if we drop lower in larger buys to average my entry down as far as possible.

Target remains 1.0700

Trade well
  • #4,266
  • Sep 25, 2013 8:22am Sep 25, 2013 8:22am
current positions:
small long @ 1.0194
heavy long @ 1.0279
The small position was intended to be a 1st trade, planning to add 2 or 3 times until 1.0150 which apparently didn't happen because it went strait up.
The heavy position was a kind of revenge trade, being miserable about the small 1st position.
Not a very professional thing to do but I did
Now both trades protected @ BE, targeting 1.0670 first but might change my mind depending on PA, actually see levels much above 1.1000 if 1.07 is broken

UC H4:
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Don't be a hero. Don't have an ego. Always question yourself
  • #4,267
  • Sep 25, 2013 10:58am Sep 25, 2013 10:58am
Quoting USD-Bear
current positions: small long @ 1.0194 heavy long @ 1.0279 The small position was intended to be a 1st trade, planning to add 2 or 3 times until 1.0150 which apparently didn't happen because it went strait up. The heavy position was a kind of revenge trade, being miserable about the small 1st position. Not a very professional thing to do but I did Now both trades protected @ BE, targeting 1.0670 first but might change my mind depending on PA, actually see levels much above 1.1000 if 1.07 is broken UC H4: {image}
sold both positions @ 1.0297 due to ongoing USD weakness
Don't be a hero. Don't have an ego. Always question yourself
  • #4,268
  • Sep 25, 2013 11:19am Sep 25, 2013 11:19am
Quoting USD-Bear
{quote} sold both positions @ 1.0297 due to ongoing USD weakness
sir USD-Bear

Solid profits there..

I added long on the last drop.

Well done on your trade

Regards
  • #4,269
  • Sep 25, 2013 11:27am Sep 25, 2013 11:27am
Quoting TauTrader
{quote} sir USD-Bear Solid profits there.. I added long on the last drop. Well done on your trade Regards
thanks TT, not feeling good this whole trade though, looked I had things pretty under control but these USD moves are so unpredictable lately, waiting for conviction here.
Good luck with your longs
Don't be a hero. Don't have an ego. Always question yourself
  • #4,270
  • Sep 25, 2013 12:00pm Sep 25, 2013 12:00pm
Quoting USD-Bear
{quote} thanks TT, not feeling good this whole trade though, looked I had things pretty under control but these USD moves are so unpredictable lately, waiting for conviction here. Good luck with your longs
good day to you, Sir

Thank you.. 1.0700 has been placed before me as a target. I have to follow.

Are you saying you may be looking to short?

Regards
  • #4,271
  • Sep 25, 2013 12:24pm Sep 25, 2013 12:24pm
Quoting TauTrader
{quote} good day to you, Sir Thank you.. 1.0700 has been placed before me as a target. I have to follow. Are you saying you may be looking to short? Regards
nono never, I just had a very strong conviction the USD was at the brink of breaking upwards and it exactly did the opposite.
In those cases I always decide to drop positions and waiting for new conviction.
Don't be a hero. Don't have an ego. Always question yourself
  • #4,272
  • Sep 25, 2013 12:47pm Sep 25, 2013 12:47pm
Quoting USD-Bear
{quote} nono never, I just had a very strong conviction the USD was at the brink of breaking upwards and it exactly did the opposite. In those cases I always decide to drop positions and waiting for new conviction.
Ok then..

I must have misinterpreted your post in the EU thread.

My apology for that.

Trade well and all success to you, sir
  • #4,273
  • Sep 25, 2013 2:02pm Sep 25, 2013 2:02pm
Good afternoon! respecting their experience, I see far away the goal 1.07, at the moment we have a fix a little confused, and if we have a wave (iii) extended their goal can be achieved even so think very hard ...
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  • #4,274
  • Sep 25, 2013 8:55pm Sep 25, 2013 8:55pm
30m, 1h, 4h bull trend weakening. price testing resistance level
  • #4,275
  • Sep 26, 2013 10:13pm Sep 26, 2013 10:13pm
Good day,

Closed all longs again.

Will look to re-enter lower. See a push down coming..

Regards
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  • #4,276
  • Sep 27, 2013 7:05am Sep 27, 2013 7:05am
Quoting TauTrader
Good day, Closed all longs again. Will look to re-enter lower. See a push down coming.. Regards {image}
Yup currently shorting the loonie. Hope it's not too late.
Make your losses in demo. Earn your profits live.
  • #4,277
  • Sep 27, 2013 7:11am Sep 27, 2013 7:11am
$usdcad seems to be having issues to break above 0330; I´m looking for a short entry at the moment

http://i.imgur.com/rlPZBdC.jpg
  • #4,278
  • Sep 27, 2013 7:30am Sep 27, 2013 7:30am
Quoting GqOrlando
$usdcad seems to be having issues to break above 0330; I´m looking for a short entry at the moment
That is GOOD. Hope it never does or breaks above after I have closed my short trade and made my pips.
Make your losses in demo. Earn your profits live.
  • #4,279
  • Sep 27, 2013 7:47am Sep 27, 2013 7:47am
If it goes a bit lower to 1.03140 I'll short it for a intraday trade.
  • #4,280
  • Edited 11:39am Sep 27, 2013 7:49am | Edited 11:39am
Great indecision in the market, I also believe in a push to target 1.0299 low, yet with a very high risk level.
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