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USD/CAD

  • #5,481
  • May 28, 2014 12:16pm May 28, 2014 12:16pm
I am in right under the green check mark just below my blue daily pivot. The green line climbs right up the side on both the m5 and m15. almost ready to get out for the day
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  • #5,482
  • Edited 2:04pm May 28, 2014 12:21pm | Edited 2:04pm
Quoting swimmax
I am in right under the green check mark just below my blue daily pivot. The green line climbs right up the side on both the m5 and m15. almost ready to get out for the day {image}

same for me.. already out.. will looking chance for long again tomorrow

i'm intraday trader.. sometimes i want hold my position but i remember my account to small (cant hold floating too much).. so i dont want to be greedy.. when my account already fat i will try for long term

-----------------

Now my acc better than last week

This is last week
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Now
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  • #5,483
  • May 28, 2014 2:10pm May 28, 2014 2:10pm
[quote=santuary123;7497768]{quote} same for me.. already out.. will looking chance for long again tomorrow i'm intraday trader.. sometimes i want hold my position but i remember my account to small (cant hold floating too much).. so i dont want to be greedy.. when my account already fat i will try for long term

just closed mine as well out at 1.088 entered at 1.08554
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  • #5,484
  • May 28, 2014 2:19pm May 28, 2014 2:19pm
When opened market today i set limit buy at 885 and already hit

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For now (if this high for today) my techs like this

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I will set limit buy again at 885 and 886..

but do not follow me.. tomorrow US have news about GDP and pending home if see in forecast is all bad..

But for me right now, it seems USD strength is story of week. i expected this
  • #5,485
  • May 29, 2014 9:39am May 29, 2014 9:39am
Dont Panic...
Its still time to go long.. all this is an opportunity, June is the month we shall see a good rise.!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,486
  • May 29, 2014 9:50am May 29, 2014 9:50am
We could see 1.04~1.06 in June to test support, it's a breakdown...

Quoting aviz12
Dont Panic... Its still time to go long.. all this is an opportunity, June is the month we shall see a good rise.!
  • #5,487
  • May 29, 2014 10:23am May 29, 2014 10:23am
stopped out a little above BE @ 1.0845 leaving this one for a good while, GDP numbers out tomorrow.
Do what's right for you
  • #5,488
  • May 29, 2014 11:30am May 29, 2014 11:30am
Quoting santuary123
When opened market today i set limit buy at 885 and already hit {image} For now (if this high for today) my techs like this {image} I will set limit buy again at 885 and 886.. but do not follow me.. tomorrow US have news about GDP and pending home if see in forecast is all bad.. But for me right now, it seems USD strength is story of week. i expected this
just got home.. a day of silence at the funeral home for 18 hours -_-

Have 3 position today..
- 0860 (already hit TP at 75)
- 0850 and 0830 Tp at 0880 again (Still running)

I will close manually below 790 for this 2 position

My opinion for today news on US is there was little reaction to bad US data.. so, that tells me the USD is holding up despite bad news..
usually USD would weaken quite a bit with bad news..
today not so much.. the market shrugged off the bad news for most part..
  • #5,489
  • May 29, 2014 11:47am May 29, 2014 11:47am
maybe daily ema200 would act as support..again.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,490
  • May 29, 2014 12:05pm May 29, 2014 12:05pm
Quoting bikov
maybe daily ema200 would act as support..again.
Yeah maybe

But tomorrow we have news on cad.. Will be interesting at end of market..

Oyeah i'm forgot.. I have 2 position still running (1 already green)..
1 already set TP at 9000 and 1 at 9xxx

But remember next week is main event for EU..
I have prediction EU will rise next week until bid rate.. So usd will affected with EU rise..
So if you want long / short on cad should use tight SL for next week
  • #5,491
  • May 29, 2014 12:23pm May 29, 2014 12:23pm
That is what they say, no one has the actual statistics
The fragrance remains in the hands of those that gves the rose
  • #5,492
  • May 29, 2014 2:15pm May 29, 2014 2:15pm
Quoting okosodo
That is what they say, no one has the actual statistics
lol so true.

any ways I'm currently holding this thing short. Not sure how low its going to try to go though.
Luck is what happens when preparation meets opportunity
  • #5,493
  • May 29, 2014 2:18pm May 29, 2014 2:18pm
Ok friends, get ready for a bullish breakout...
Bullish wedge completed, week is coming to end as well month coming to an end
June sees up rise, as well in history June always have seen an upside in USDCAD
An upside breakout awaits.
1.16 target
Good Luck..
I am sticking with lots of long positions still.. PATIENCE IS REALLY IMPORTANT HERE!!

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Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,494
  • May 30, 2014 2:35am May 30, 2014 2:35am
PA still very bearish today... all eyes on the GDP numbers, be careful with stops, could gap 10-20 points either way.
Do what's right for you
  • #5,495
  • Edited 5:14am May 30, 2014 4:04am | Edited 5:14am
Downside target around 1.0678 ~ 1.0610 for wave iv correction to complete, before advance of wave v.
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  • #5,496
  • May 30, 2014 4:13am May 30, 2014 4:13am
Quoting aviz12
Ok friends, get ready for a bullish breakout... Bullish wedge completed, week is coming to end as well month coming to an end June sees up rise, as well in history June always have seen an upside in USDCAD An upside breakout awaits. 1.16 target Good Luck.. I am sticking with lots of long positions still.. PATIENCE IS REALLY IMPORTANT HERE!! {image}
You still have hopes for upside move? Remember 1 month ago what I said. It's a downside move and mainly because of CPI of Canada and bubble in housing price.

You can stick with your biased mind but in this situation of market only fundamental analysis works.
  • #5,497
  • May 30, 2014 5:54am May 30, 2014 5:54am
No disrespect my friend but I also see the upside for UCAD. Not being biased because I have a few long entries myself but it is just the month end factor in play.

Come next week and we should be okay with the longs and hopefully above 1.0900. Next week we have a lot of USD news as well as CAD news and we shall see what plays best. If you talk about fundamentals, don't see BoC doing much to help Canadian Dollar either, so we shall see some good numbers out of US next week and it will be flying North again. We will see a glimpse today with CAD numbers.

Just an opinion.
  • #5,498
  • May 30, 2014 8:02am May 30, 2014 8:02am
1 long at 50 already close..

Still waiting for 1 position again
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  • #5,499
  • May 30, 2014 8:08am May 30, 2014 8:08am
with such news CAD is still holding strong, that tells you usdcad has further downside risks
  • #5,500
  • May 30, 2014 8:12am May 30, 2014 8:12am
The game is all set for next week!
New month, New Week..
USDCAD - its rally up time..
Classical chart patterns of currencies from 15+ Year Pro Trader
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