USD/CAD | Page 230 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

USD/JPY - USD/CAD any thoughts? 4 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD
Exit Attachments

USD/CAD

  • #4,581
  • Jan 10, 2014 5:00pm Jan 10, 2014 5:00pm
Quoting thodie
open a short pos on this pair charts weekly and 4h TF (please note different rollover time on 4h chart) {image} {image}
Exit with 1.5% loss
just do it
  • #4,582
  • Jan 10, 2014 10:37pm Jan 10, 2014 10:37pm
Quoting Wuza
{quote} That's the point, even if You'd like to short here or there then it's quite scary after such rally and that can continue quite like that for a while. Well done for thoose who bought it at 1,05-6 levels but now I'd just remcomend switching to other pairs as this one is to risky to short at this price level, and to high to buy for me atleast.

wow your profits are amazing. congrats. 65,000 is good profit.
  • #4,583
  • Jan 10, 2014 10:47pm Jan 10, 2014 10:47pm
CAD weakness will probably be one of the best trends of 2014. Should go hand in hand with crude oil weakness.

Buy pullbacks mode!
  • #4,584
  • Jan 10, 2014 10:56pm Jan 10, 2014 10:56pm
Quoting Ck87
CAD weakness will probably be one of the best trends of 2014. Should go hand in hand with crude oil weakness. Buy pullbacks mode!
this is exactly how the euro caught people in 2012. there is no reason for the cad to be at 1.1
  • #4,585
  • Jan 10, 2014 10:59pm Jan 10, 2014 10:59pm
Quoting giveachance
{quote} this is exactly how the euro caught people in 2012. there is no reason for the cad to be at 1.1

Just your opinion. I been waiting for this currency to break to the upside for a while now.

The housing market is a huge bubble there and they're in big big trouble.

Even if EUR/USD continues higher it does not mean USD/CAD will go down. Just look at AUD/USD for further proof on that.

And crude oil will get destroyed this year/in next few years as well and that won't help CAD.
  • #4,586
  • Jan 11, 2014 9:39am Jan 11, 2014 9:39am
Look left, market leaves clues.
Never trade what you think... Market don't give a s*** what you think.

Look at Monthly chart.
If you can't admit this is a bullish market... You better better not trade this pair for a while.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_2.jpg Size: 127 KB
$10K Live Account... 3 months investor testing!
  • #4,587
  • Jan 11, 2014 1:21pm Jan 11, 2014 1:21pm
Quoting Crazy-Trader
Look left, market leaves clues. Never trade what you think... Market don't give a s*** what you think. Look at Monthly chart. If you can't admit this is a bullish market... You better better not trade this pair for a while. {image}

Agreed. I could see it going up another 1000 pips this year. Once we get above 1.0932 and hold we can definitely get 1000 pips more to upside.

IMO CAD short set ups are going to be one of the high % trades of the year. If we're lucky it'll somehow correct a few 100 pips before taking off.... can only hope, but not looking very likely
  • #4,588
  • Jan 12, 2014 1:24pm Jan 12, 2014 1:24pm
I'm out with a 0.40% loss.

I'll wait a few days to see if it stays above its trend line, then i would consider entering long !
  • #4,589
  • Jan 12, 2014 3:21pm Jan 12, 2014 3:21pm
Quoting pcca-matrix
I'm out with a 0.40% loss. I'll wait a few days to see if it stays above its trend line, then i would consider entering long !
It couldn't be more bullish. I just wait for some healthy retracement and then enter long. However, at these levels it would be only a small bet for me. I don't really think that Canada is fundamentally that bad but i will trade the chart.
  • #4,590
  • Jan 12, 2014 4:16pm Jan 12, 2014 4:16pm
Quoting Greener
{quote} It couldn't be more bullish. I just wait for some healthy retracement and then enter long. However, at these levels it would be only a small bet for me. I don't really think that Canada is fundamentally that bad but i will trade the chart.
Just because a country is bad does not mean it will necessarily go down. Canada is being devalued because we want to grow, bring in more buyers, tourists, its all about supply and demand. In order to grow more and increase opportunities for our exports also other countries will be more likely to buy from us because we have a cheaper currency.
All posts are my personal opinion
  • #4,591
  • Jan 13, 2014 3:34am Jan 13, 2014 3:34am
Quoting Rtm
{quote} Just because a country is bad does not mean it will necessarily go down. Canada is being devalued because we want to grow, bring in more buyers, tourists, its all about supply and demand. In order to grow more and increase opportunities for our exports also other countries will be more likely to buy from us because we have a cheaper currency.
1.1 by today...cheap CAD means cheaper commodities, which is what US wants now
  • #4,592
  • Jan 13, 2014 7:43am Jan 13, 2014 7:43am
Quoting Crazy-Trader
{quote} Let's Give a chance to Giveachance to be smart enough to understand. That's why this pair is recently the one to focus... because the way the pair is actually rising is not that common. If you are too stupid and don't get it... well that's not my problem. Check older post since 3 days... I explained why to be long.

lets see when your 1.10 comes muppet.
  • #4,593
  • Jan 13, 2014 8:22am Jan 13, 2014 8:22am
Quoting giveachance
{quote} lets see when your 1.10 comes muppet.
Lol... Did you wait USDCAD to retrace 70 pips to quote me back. o_O

I'm long when I called it @ 1.0730... I'm up 150 pips

In case you haven't heard about EW. There are 5 waves. This is just the first one... So if want to quote me... do it in 6 months time. 1.10 will be so low that I will feel dizzy.
$10K Live Account... 3 months investor testing!
  • #4,594
  • Jan 13, 2014 8:37am Jan 13, 2014 8:37am
Quoting Crazy-Trader
{quote} Lol... Did you wait USDCAD to retrace 70 pips to quote me back. o_O I'm long when I called it @ 1.0730... I'm up 150 pips In case you haven't heard about EW. There are 5 waves. This is just the first one... So if want to quote me... do it in 6 months time. 1.10 will be so low that I will feel dizzy.
I did not but I knew we were not going to 1.1 in a straight line which many people including you were shouting. my master taught me nothing moves in a straight line. thats the first thing he taught me.
  • #4,595
  • Jan 13, 2014 8:56am Jan 13, 2014 8:56am
Quoting giveachance
{quote} I did not but I knew we were not going to 1.1 in a straight line which many people including you were shouting. my master taught me nothing moves in a straight line. thats the first thing he taught me.
I do post here to help traders.

Many people like you calling to be short usdcad. There is no point trying to pick the top to hope 30 pips retracement while last week it was clearly to dangerous being short as market were just pushing higher and higher. => I warned it.. because there is still 85% shorts.

I also said: "By experience I would say that USDCAD won't retrace before monday." What is the day today? : )

I never really called for 1.10 or 1.15... I just said : "I don't see any resistance before 1.0990. => Actually market hit 1.0949.

Ps: If you have never seen a fx pair moving in straight line as you said... It is just because you haven't experienced it. => Everything is possible on Forex Market. => I have seen a pair gaining 1000 pips in 1hour.
$10K Live Account... 3 months investor testing!
  • #4,596
  • Jan 13, 2014 1:46pm Jan 13, 2014 1:46pm
The strength in the USD/CAD is obvious, I'm looking for a pullback to 1.0839 to take a small position long for about 50-60 pips. I'm not sure if this pullback is large enough to induce another leg up already but I'll scale in if so.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 103 KB
Greatness exists in all of us.
  • #4,597
  • Jan 13, 2014 2:04pm Jan 13, 2014 2:04pm
I think in the short term we will see 10.0800 as a strong support but in the long term I will start taking long postions on this pair around that support area
Enter Signature
  • #4,598
  • Jan 13, 2014 6:36pm Jan 13, 2014 6:36pm
Missed my entry by 2 pips. I'm not sure if I'll buy again if it drops to this level in the near term.
I agree, I'll buy around 1.0800.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 103 KB
Greatness exists in all of us.
  • #4,599
  • Jan 13, 2014 8:34pm Jan 13, 2014 8:34pm
1.10-1.12 in the next week, goldman sachs is right 98% of the time why would you bet against them
  • #4,600
  • Jan 13, 2014 9:40pm Jan 13, 2014 9:40pm
Quoting staffpro2
1.10-1.12 in the next week, goldman sachs is right 98% of the time why would you bet against them
Where could one find information like this?
Greatness exists in all of us.
7 traders viewing now