Attachments: USD/CAD

USD/CAD

Post #5,301
Quote
Apr 29, 2014 12:03pm Apr 29, 2014 12:03pm

wyley187
Joined Apr 2014 | Status: Member | 249 Posts

Ive been watching this the last few hours, not sure the direction after the news comes out, so im just watching for now, I'm not sure whats driving price

Post #5,302
Quote
Apr 29, 2014 12:40pm Apr 29, 2014 12:40pm

Green_pips
| Joined Feb 2014 | Status: Member | 15 Posts

Nothing is behind this move down.. hmm

Be greedy when the market is fearful, be fearful when the market is greedy

Post #5,303
Quote
Apr 29, 2014 1:15pm Apr 29, 2014 1:15pm

Pmd1963
| Joined Feb 2014 | Status: Member | 112 Posts

My guess is large investors selling AUD and buying CAD. Long AUD/CAD as been a big trade all year, but AUD has taken a beating for the last week.

Post #5,304
Quote
Apr 30, 2014 4:23am Apr 30, 2014 4:23am

momochi
Joined Aug 2013 | Status: eating smarties | 499 Posts

taken a long at 1.0948, sl 20 points

Do what's right for you

Post #5,305
Quote
Apr 30, 2014 7:32am Apr 30, 2014 7:32am

pipcenturion
Joined May 2013 | Status: Member | 1,601 Posts

Sell continuation.
Target 1.0880 or lower
Happy trading!

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Post #5,306
Quote
Apr 30, 2014 8:04am Apr 30, 2014 8:04am

Pipsforall
| Joined Mar 2008 | Status: Member | 717 Posts

Quoting pipcenturion

Disliked

Sell continuation. Target 1.0880 or lower Happy trading! {image}

Ignored

Right before major economic news from Canada and the US?

Yay! Pips for everyone!

Post #5,307
Quote
Apr 30, 2014 8:05am Apr 30, 2014 8:05am

buylowsellhi
| Joined Jan 2014 | Status: Member | 19 Posts

Quoting pipcenturion

Disliked

Sell continuation. Target 1.0880 or lower Happy trading! {image}

Ignored

You might want to use a bigger time frame if you're going to claim a sell continuation. The whole range on your chart is 20 pips...

Post #5,308
Quote
May 1, 2014 9:08am May 1, 2014 9:08am

wyley187
Joined Apr 2014 | Status: Member | 249 Posts

I know its not as "glamorous" as the eu/usd but does anybody else trade this pair regularly?

Post #5,309
Quote
May 1, 2014 11:14pm May 1, 2014 11:14pm

momochi
Joined Aug 2013 | Status: eating smarties | 499 Posts

Quoting wyley187

Disliked

I know its not as "glamorous" as the eu/usd but does anybody else trade this pair regularly?

Ignored

yes

Do what's right for you

Post #5,310
Quote
May 2, 2014 1:54am May 2, 2014 1:54am

smash1820
Joined Jul 2011 | Status: Winning | 1,859 Posts

Quoting wyley187

Disliked

I know its not as "glamorous" as the eu/usd but does anybody else trade this pair regularly?

Ignored

I don't trade this pair regularly, but I just got into a long trade as of now. I just finished developing a "currency strength meter", and according to it, this pair is going much higher...

Please check out my blog at https://from-zero-to-hero . net

Post #5,311
Quote
May 2, 2014 2:05am May 2, 2014 2:05am

Davit
Joined Feb 2012 | Status: Member | 21,374 Posts

Quoting smash1820

Disliked

{quote} I don't trade this pair regularly, but I just got into a long trade as of now. I just finished developing a "currency strength meter", and according to it, this pair is going much higher...

Ignored

risk reward ratio is not there for me on this pair and at these prices.

In trading, you have to be defensive and aggressive at the same time

Post #5,312
Quote
May 2, 2014 2:12am May 2, 2014 2:12am

smash1820
Joined Jul 2011 | Status: Winning | 1,859 Posts

Quoting Davit

Disliked

risk reward ratio is not there for me on this pair and at these prices.

Ignored

Yeah, I'm not going to disagree with you. You could very well be right.

But I'm doing some testing at the moment, and I need to trade somethin'! If this trade works out, I would describe it as an extremely early entry into a swing trade... but I guess we'll know more in the morning.