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USD/CAD

  • #5,121
  • Apr 9, 2014 10:54am Apr 9, 2014 10:54am
Quoting eraserfx
{quote} I'm also long but it's getting uncomfortably close to my stops.
I agree, its testing the nerves. seriously.
I hope it stay above.. Lets wait 2 hours. and see FOMC minutes..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,122
  • Apr 9, 2014 11:02am Apr 9, 2014 11:02am
Attachment
Don't get sucked into selling, Buy with patience...(1.0780- 1.0682 Max) That's after a fast pull back up.

Nice Swing here.....
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 55 KB
Markets are not Random, they are designed!
  • #5,123
  • Apr 9, 2014 11:08am Apr 9, 2014 11:08am
Quoting aviz12
{quote} I agree, its testing the nerves. seriously. I hope it stay above.. Lets wait 2 hours. and see FOMC minutes..
Me wondering how many more shitty CAD news it would take to overcome liberal win in Quebec or whatever else is pushing CAD higher.
  • #5,124
  • Apr 9, 2014 11:29am Apr 9, 2014 11:29am
Quoting eraserfx
{quote} Me wondering how many more shitty CAD news it would take to overcome liberal win in Quebec or whatever else is pushing CAD higher.
The Dollar is actually being sold off, it usually happens when FOMC meeting minutes are nearing.
The main wait call right now is the minutes..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,125
  • Apr 9, 2014 11:31am Apr 9, 2014 11:31am
Focus will be on Fed Funds Rate hike timeframe discussion..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,126
  • Apr 9, 2014 12:09pm Apr 9, 2014 12:09pm
Quoting aviz12
{quote} The Dollar is actually being sold off, it usually happens when FOMC meeting minutes are nearing. The main wait call right now is the minutes..
Thanks, this makes sense.
  • #5,127
  • Apr 9, 2014 12:22pm Apr 9, 2014 12:22pm
Well, just ready that BoC is likely to keep cash rate at 1% I would assume this would be beneficial longer term if the Fed begins to rise rates. I think the pullback just so happened right before the FOMC.

I could technically withstand a move to 0.1000 but
When the facts change I change my mind, what do you do sir
  • #5,128
  • Apr 9, 2014 1:10pm Apr 9, 2014 1:10pm
How are my UCAD longs doing? I am happily cashing in all your losses so far, broken major support did not expect but just trailing a runner now.
All posts are my personal opinion
  • #5,129
  • Apr 9, 2014 1:12pm Apr 9, 2014 1:12pm
Quoting Rtm
How are my UCAD longs doing? I am happily cashing in all your losses so far, broken major support did not expect but just trailing a runner now.
Very happy..
Going more Long..
This Dip is very very healthy.. soon big up leg..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,130
  • Apr 9, 2014 1:12pm Apr 9, 2014 1:12pm
Soon Dollar will be in Green!!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,131
  • Apr 9, 2014 1:25pm Apr 9, 2014 1:25pm
Sorry aviz12 but i have a doubt lol
  • #5,132
  • Apr 9, 2014 1:31pm Apr 9, 2014 1:31pm
Quoting surfeur
Sorry aviz12 but i have a doubt lol
I have been going long since 1.10
And i am still getting long now too..
I am aiming for 900 Pips up move in coming days!
This downside move is actually a healthy correction..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,133
  • Apr 9, 2014 3:03pm Apr 9, 2014 3:03pm
Aviz12,

I hope you're right because I'm long big time on this also. I've just thrown the fundamentals out of the window right now and keeping my fingers crossed from here on in!!
  • #5,134
  • Apr 9, 2014 4:38pm Apr 9, 2014 4:38pm
Nice sell setup.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 44 KB
  • #5,135
  • Apr 9, 2014 4:43pm Apr 9, 2014 4:43pm
Quoting surfeur
Sorry aviz12 but i have a doubt lol
We just broke MAJOR support, this baby could go back to 1.07 before we see 1.12 again
All posts are my personal opinion
  • #5,136
  • Apr 9, 2014 7:23pm Apr 9, 2014 7:23pm
USDCAD – Real-money & Corporate bids at 1.0850/60
  • #5,137
  • Apr 9, 2014 7:34pm Apr 9, 2014 7:34pm
Quoting Rtm
{quote} We just broke MAJOR support, this baby could go back to 1.07 before we see 1.12 again
Weekly support at 1.0840. Stopped right above that. Canadian dollar futures down sizable tonight considering the recent pump, which I think is largely do to the pump in crude. If the dollar continues to sell off, it will sink
When the facts change I change my mind, what do you do sir
  • #5,138
  • Apr 10, 2014 4:21am Apr 10, 2014 4:21am
Going more long in this..
I am buying so much.. I won't stop..
I am buying since 1.1 and i will keep on continuing it..
CAD will be more weaker in coming days!!! Mark it..
I am looking for 800-900 upside PIPS.. i am not worrying on 200-300 pips down from 1.1 levels..
We should always have good margin.. Important!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,139
  • Apr 10, 2014 4:46am Apr 10, 2014 4:46am
This pair is way oversold, should be pushing back up in the next week or so.
USD has had a hard time the past two weeks!
Be greedy when the market is fearful, be fearful when the market is greedy
  • #5,140
  • Apr 10, 2014 5:06am Apr 10, 2014 5:06am
Okay I have put a small long in, bears seems weak
All posts are my personal opinion
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