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USD/CAD

  • #4,321
  • Oct 25, 2013 11:30am Oct 25, 2013 11:30am
Sell usdcad at market price
trade should be good until around london close on Monday
see chart attached
Enjoy your weekend
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm15.png Size: 41 KB
  • #4,322
  • Oct 29, 2013 4:18am Oct 29, 2013 4:18am
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 63 KB


Levels to watch: 1.0365 1.0395 1.0420 | 1.0470 1.0496 1.0547
Trading Strategy: Pending Order to go long at 1.0420 with a 1.0360 stop. Target at 1.0545.
Twitter : @Autofxtrading
  • #4,323
  • Oct 31, 2013 6:14am Oct 31, 2013 6:14am
facing strong resistance at 1.05, so what next? please shed some light!
  • #4,324
  • Nov 1, 2013 3:43am Nov 1, 2013 3:43am
Shorters be aware ! On 5 nov there is a HUGE option expiration at 1.05 of 2.5 bln !!!
  • #4,325
  • Nov 1, 2013 3:43pm Nov 1, 2013 3:43pm
I'm short on this pair, however I'm strong bullish long term.
I see this going to 1.5600 in next 10 years!
Money never sleeps I can hear the dollar calling me
  • #4,326
  • Nov 1, 2013 4:13pm Nov 1, 2013 4:13pm
Quoting shivam332
I'm short on this pair, however I'm strong bullish long term. I see this going to 1.5600 in next 10 years!
What made u short looking at the 4 hr support looks strong and now we have two daily closes that have touched and closed above previous daily resistance at at 1.04188. What is ur Target?
  • #4,327
  • Nov 1, 2013 6:22pm Nov 1, 2013 6:22pm
Quoting iNSIELD
{quote} What made u short looking at the 4 hr support looks strong and now we have two daily closes that have touched and closed above previous daily resistance at at 1.04188. What is ur Target?
My target is 1.0350! I trade according WolfeWaves
WolfeWaves always works for me! I get around 95% accuracy. My target is 1.0350. It might go below that.
Have a splendid weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 213 KB
Money never sleeps I can hear the dollar calling me
  • #4,328
  • Nov 2, 2013 1:17pm Nov 2, 2013 1:17pm
Quoting shivam332
{quote} My target is 1.0350! I trade according WolfeWaves WolfeWaves always works for me! I get around 95% accuracy. My target is 1.0350. It might go below that. Have a splendid weekend! {image}
cool what is ur stop loss
  • #4,329
  • Nov 2, 2013 2:04pm Nov 2, 2013 2:04pm
Quoting iNSIELD
{quote} cool what is ur stop loss
No stop loss on this trade! I will it close manually if I feel it is going against me!
Money never sleeps I can hear the dollar calling me
  • #4,330
  • Nov 2, 2013 2:23pm Nov 2, 2013 2:23pm
Pattern is Bearish however waiting higher up to short above 500
Just a tip
Draw a Fib on Swing High Low and mark 78.6-88.6 Fib as zone.(red Color)
Most price reversals occur on these numbers.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.daily.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,331
  • Nov 2, 2013 2:36pm Nov 2, 2013 2:36pm
Quoting Davit
Pattern is Bearish however waiting higher up to short above 500 Just a tip Draw a Fib on Swing High Low and mark 78.6-88.6 Fib as zone.(red Color) Most price reversals occur on these numbers. {image}
ya Davit 78.6% or as I affectionaltly call it nut cutting level rejected and formed bearish engulfing Shivam could be absolutely right and this is the start of a down move. It does make me however nervous for shorts that with all those bears they were unable to close below 1.04188 and u have what could be a double bottom against that level. Also Nov 5th is 3.3B option for 1.05 so you could be right and we have one last thrust above 1.05 and what I think is the target 1.05629 where I think is a good place to load shorts for downside What r your thoughts?
  • #4,332
  • Nov 2, 2013 2:38pm Nov 2, 2013 2:38pm
Quoting shivam332
{quote} No stop loss on this trade! I will it close manually if I feel it is going against me!
I will be looking at ur posts and subscribing to you you seem like a very smart even keel trader
  • #4,333
  • Nov 2, 2013 4:56pm Nov 2, 2013 4:56pm
Quoting iNSIELD
{quote} ya Davit 78.6% or as I affectionaltly call it nut cutting level rejected and formed bearish engulfing Shivam could be absolutely right and this is the start of a down move. It does make me however nervous for shorts that with all those bears they were unable to close below 1.04188 and u have what could be a double bottom against that level. Also Nov 5th is 3.3B option for 1.05 so you could be right and we have one last thrust above 1.05 and what I think is the target 1.05629 where I think is a good place to load shorts for downside What...
Also don't forget that EC and GC dropped as well both over 200pips.So I anticipate next week UP on EC and GC and same for UC then short all 3 together at their respected levels..
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,334
  • Nov 2, 2013 5:35pm Nov 2, 2013 5:35pm
Quoting xannt
Shorters be aware ! On 5 nov there is a HUGE option expiration at 1.05 of 2.5 bln !!!
Dear xannt, where do you get this kind of information? Would be interesting to know. Thanks in advance and happy trading.
  • #4,335
  • Nov 2, 2013 6:43pm Nov 2, 2013 6:43pm
am in already...based on this https://twitter.com/VarisPanJafa/sta...21410834817024 plus i saw false break already. let wait..what next
.
Quoting Davit
Pattern is Bearish however waiting higher up to short above 500 Just a tip Draw a Fib on Swing High Low and mark 78.6-88.6 Fib as zone.(red Color) Most price reversals occur on these numbers. {image}
not euphoria follower
  • #4,336
  • Nov 3, 2013 4:39pm Nov 3, 2013 4:39pm
InsiderFx, I got it from forexlive.com, they are well informed
  • #4,337
  • Nov 3, 2013 6:30pm Nov 3, 2013 6:30pm
Quoting xannt
InsiderFx, I got it from forexlive.com, they are well informed
Dear Xannt, I used to follow analyst when I was new to Forex and I lost everything because of him, and I don't blame him, I blame myself because it was my decision to follow/subscribe him. I learned something that day. Never follow anyone no matter how good he is. Follow your own analysis and trade. Believe in yourself. I know sometimes I also get wrong but that's okay. Happy trading to all.
Money never sleeps I can hear the dollar calling me
  • #4,338
  • Nov 4, 2013 2:33am Nov 4, 2013 2:33am
Shivam332, what I wrote is not a prediction, it's a fact ! Look on 17 or 18 sept when a huge option on usd/cad at 1.0212 knocked it down almost 100 pips in an hour before the expiration ! Of course, now it might be different, there is no certainty, but there is a big probability that around the expiration time ( 10 am NY time) the price will be close to 1.05. I think it's dangerous to rely only on technicals... Happy trading !
  • #4,339
  • Nov 4, 2013 9:13am Nov 4, 2013 9:13am
Quoting xannt
Shivam332, what I wrote is not a prediction, it's a fact ! Look on 17 or 18 sept when a huge option on usd/cad at 1.0212 knocked it down almost 100 pips in an hour before the expiration ! Of course, now it might be different, there is no certainty, but there is a big probability that around the expiration time ( 10 am NY time) the price will be close to 1.05. I think it's dangerous to rely only on technicals... Happy trading !
Yes, I got you pal, however probabilities can also go wrong, no worries! Just trade what your analysis says! For now I'm very positive that it is not going to 1.05. My long term target is 1.5600 it will hit within 10 years GoodLuck.
Money never sleeps I can hear the dollar calling me
  • #4,340
  • Nov 4, 2013 11:35am Nov 4, 2013 11:35am
I see bullish mommentum till wednesday 6 nov, when some good data for CAD will be posted...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4 2013-11-04.png Size: 67 KB
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