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USD/CAD

  • #4,761
  • Jan 28, 2014 12:32pm Jan 28, 2014 12:32pm
Quoting samansadeghi
usdcad {image}
what is your TP? it looks like a proper butterfly
  • #4,762
  • Jan 28, 2014 12:49pm Jan 28, 2014 12:49pm
Quoting Greener
{quote} what is your TP? it looks like a proper butterfly
i dont trade this yet
i have already another trade on the nud usd
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 60 KB
THERE IS NO SYSTEM
  • #4,763
  • Jan 28, 2014 1:05pm Jan 28, 2014 1:05pm
Quoting samansadeghi
{quote} i dont trade this yet i have already another trade on the nud usd {image}
Thank you Mr S. It makes sense and could be a minor correction prior to the 1.25 target which I expect by this month
  • #4,764
  • Jan 28, 2014 1:23pm Jan 28, 2014 1:23pm
Quoting Greener
{quote} Sorry I meant 1.117. if any it will be minor but it's more likely 1.2-1.25 in the short term. Everything is pointing to that

long at 1.1099 tp 1.1235
  • #4,765
  • Edited 2:09pm Jan 28, 2014 1:35pm | Edited 2:09pm
Quoting Greener
{quote} Sorry I meant 1.117. if any it will be minor but it's more likely 1.2-1.25 in the short term. Everything is pointing to that

My SL is 1.1031
All posts are my personal opinion
  • #4,766
  • Jan 29, 2014 1:33am Jan 29, 2014 1:33am
went for a short expecting above resistance to hold
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-02.jpg Size: 59 KB
  • #4,767
  • Jan 29, 2014 4:01am Jan 29, 2014 4:01am
Quoting Bluescalper
went for a short expecting above resistance to hold {image}
didn't worked out as plan ...
  • #4,768
  • Jan 29, 2014 11:49am Jan 29, 2014 11:49am
Trying it one more time shorting USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_03.jpg Size: 50 KB
  • #4,769
  • Jan 29, 2014 12:01pm Jan 29, 2014 12:01pm
Quoting Bluescalper
Trying it one more time shorting USDCAD {image}

Why are you going against the trend? Specially just before FOMC?

Might very well end up giving you some pips, but its a big risk to take before the FOMC. Patience is a good thing.

Keep the Money and Risk Management perfect.
  • #4,770
  • Jan 29, 2014 12:13pm Jan 29, 2014 12:13pm
yes, absolutely agree, make no sense to go against trend especially before FOMC. i'm gone probably take my profits before meeting, baybe leave 1 small position with reasonable SL.
  • #4,771
  • Jan 29, 2014 6:02pm Jan 29, 2014 6:02pm
Quoting ArekJP
yes, absolutely agree, make no sense to go against trend especially before FOMC. i'm gone probably take my profits before meeting, baybe leave 1 small position with reasonable SL.
1.20 or 1.23 are good places to start short in my view..
  • #4,772
  • Jan 29, 2014 7:45pm Jan 29, 2014 7:45pm
Long USD/CAD for now, since the Fed's additional $10 billion tapering decision is causing USD strength and risk aversion (also USD strength vs CAD) at the same time.
May the Probability be with you!
  • #4,773
  • Jan 29, 2014 8:09pm Jan 29, 2014 8:09pm
Quoting Trademunity
Long USD/CAD for now, since the Fed's additional $10 billion tapering decision is causing USD strength and risk aversion (also USD strength vs CAD) at the same time.
I don't see much USD strenght...following FOMC event, not yet at least
  • #4,774
  • Jan 29, 2014 8:34pm Jan 29, 2014 8:34pm
Look at your weekly fibs. USDCAD just hit the 161.8 extension and broke a trendline. I see some continued up movement after a brief retrace
  • #4,775
  • Jan 29, 2014 8:47pm Jan 29, 2014 8:47pm
Quoting rfurtado
Look at your weekly fibs. USDCAD just hit the 161.8 extension and broke a trendline. I see some continued up movement after a brief retrace
On the charts, USDCAD uptrend looks strong enough to get to 1.23-5 top by tomorrow but it is USD that worries me. Tapering started on a mixed note. gold didn't drop much. Any long must be short-lived. I am flat now. EM is another messy factor.
  • #4,776
  • Jan 29, 2014 9:18pm Jan 29, 2014 9:18pm
Quoting rfurtado
Look at your weekly fibs. USDCAD just hit the 161.8 extension and broke a trendline. I see some continued up movement after a brief retrace
Can you show your chart?
  • #4,777
  • Jan 30, 2014 12:10am Jan 30, 2014 12:10am
I cannot see the USDCAD moving to 1.23-5 by tomorrow. Thats 1000 pips away.
  • #4,778
  • Jan 30, 2014 1:38am Jan 30, 2014 1:38am
Usd/Cad is being held down by 1.12 barrier offers... a break will trip their buy stops..
Attached Image
  • #4,779
  • Jan 30, 2014 8:34am Jan 30, 2014 8:34am
Quoting Jetskull
I cannot see the USDCAD moving to 1.23-5 by tomorrow. Thats 1000 pips away.
sorry but if you look at the charts it is clear that I meant 1.123-5. However my first shorts at 1.120 have been executed...let's see how it goes
  • #4,780
  • Jan 30, 2014 9:06am Jan 30, 2014 9:06am
Only long on this pair at the moment, the main question where t/p ?

Opened long 1.1164 t/p 1.123

It would be nice to see 1.7188 hehe great please to short
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