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USD/CAD

  • #4,421
  • Jan 6, 2014 8:39am Jan 6, 2014 8:39am
Quoting wannabtrader
h1 levels, might be worth a sell {image}

I have 1.07 on the H1 also for a nice area to sell, lots up there though.
Attached Image (click to enlarge)
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All posts are my personal opinion
  • #4,422
  • Jan 6, 2014 9:48am Jan 6, 2014 9:48am
h1 level looks weak.
1.07 does look like good sell area, i have a buy tp just before 1.07
always like to see price react from a level like that and then sell when price moves back to it.
Attached Image (click to enlarge)
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  • #4,423
  • Jan 6, 2014 10:30am Jan 6, 2014 10:30am
Got some consolidated sell stop levels building up on this pair. Buy stops above 1.0730 and sell stops starting around 1.0600 if anyone is planning on riding the stops toward their TP or hunting them to fade.
Attached Image
  • #4,424
  • Jan 7, 2014 3:03am Jan 7, 2014 3:03am
closed it +62 pips
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  • #4,425
  • Jan 7, 2014 6:04am Jan 7, 2014 6:04am
UCAD racing through the highs here coming into high impact news in an hour and a half. Market will probably pause here until then. This could be the day where she finally breaks and I get paid.
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All posts are my personal opinion
  • #4,426
  • Jan 7, 2014 7:39am Jan 7, 2014 7:39am
you mean Break up? or Break down? regardness
  • #4,427
  • Jan 7, 2014 8:15am Jan 7, 2014 8:15am
Quoting Rtm
UCAD racing through the highs here coming into high impact news in an hour and a half. Market will probably pause here until then. This could be the day where she finally breaks and I get paid. {image}

yes usd/cad going straight up.
we will see what happens with this range.
good luck
  • #4,428
  • Jan 7, 2014 8:32am Jan 7, 2014 8:32am
waiting for the 10 am Ivey PMI, thinking short for the PMI.
  • #4,429
  • Jan 7, 2014 10:42am Jan 7, 2014 10:42am
Quoting EmeraldEyes
Got some consolidated sell stop levels building up on this pair. Buy stops above 1.0730 and sell stops starting around 1.0600 if anyone is planning on riding the stops toward their TP or hunting them to fade. {image}
Uppercut instead of a low jab. Niiiccee.

USDCAD – Blows through reported stops above 1.0730 & 1.0740
Attached Image
  • #4,430
  • Jan 7, 2014 10:49am Jan 7, 2014 10:49am
Quoting EmeraldEyes
{quote} Uppercut instead of a low jab. Niiiccee. USDCAD – Blows through reported stops above 1.0730 & 1.0740 {image}

im not sure i understand you correctly.
you said you had buy stops up at those highs ?

where are your sl and tp ?
  • #4,431
  • Jan 7, 2014 10:53am Jan 7, 2014 10:53am
Quoting wannabtrader
{quote} iim not sure i understand you correctly. you said you had buy stops up at those highs ?
Other traders did. Upon a big CAD miss Ivey PMI miss (46.3 actual vs 55.0 forecasted), would-be sellers pulled their orders so price can really cut through stop levels. This is good bc if you trade with the market sentiment and reported stop levels there's very minimal drawdown.
  • #4,432
  • Edited 12:06pm Jan 7, 2014 11:01am | Edited 12:06pm
Not many opportunities for such small drawdown. Here's this bit of order flow:USDCAD – Stops above 1.0730 with offers just below at 1.0720 plus the 1.0740 ones that i posted above those previous highs. Here it is on the 1min chart:
Attached Image
  • #4,433
  • Jan 7, 2014 12:18pm Jan 7, 2014 12:18pm
USDCAD, upper channel and three years high, clear or sink.
Attached Image (click to enlarge)
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  • #4,434
  • Jan 7, 2014 12:21pm Jan 7, 2014 12:21pm
Quoting EmeraldEyes
Not many opportunities for such small drawdown. Here's this bit of order flow:USDCAD – Stops above 1.0730 with offers just below at 1.0720 plus the 1.0740 ones that i posted above those previous highs. Here it is on the 1min chart: {image}

should really have held my long.
closed it at 1.0682
  • #4,435
  • Jan 7, 2014 12:46pm Jan 7, 2014 12:46pm
Short
751 Criteria fits with my system BB3rd D RSI 70
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.daily.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,436
  • Jan 7, 2014 12:47pm Jan 7, 2014 12:47pm
Quoting Davit
Short 751 Criteria fits with my system BB3rd D RSI 70 {image}
Good luck man Im staying long on this one
All posts are my personal opinion
  • #4,437
  • Jan 7, 2014 12:50pm Jan 7, 2014 12:50pm
Quoting Rtm
{quote} Good luck man Im staying long on this one

not worried position is small.thks
Its a classic news bubble.I anticipate 25-30pip retrace
In trading, you have to be defensive and aggressive at the same time
  • #4,438
  • Jan 7, 2014 1:17pm Jan 7, 2014 1:17pm
Strong Harmonics
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #4,439
  • Jan 7, 2014 1:57pm Jan 7, 2014 1:57pm
Quoting Davit
Strong Harmonics {image}
Wow, UC is awesome right now!
Best time to plant a tree was 20 years ago, second best is now
  • #4,440
  • Jan 7, 2014 4:06pm Jan 7, 2014 4:06pm
Quoting Davit
{quote} not worried position is small.thks Its a classic news bubble.I anticipate 25-30pip retrace
Nice! may the pips be with you
All posts are my personal opinion
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