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  • #5,701
  • Jun 27, 2014 3:33pm Jun 27, 2014 3:33pm
Quoting yeniful
I'm short @1.06900......probably not going to get rid of this short for a long time. I'm looking at a yearly investment on this trade.
hit some resistance at 1.06600 but still holding onto my short that is up 30 pips or so
  • #5,702
  • Jun 28, 2014 2:34pm Jun 28, 2014 2:34pm
Haha!

Where are the guys were speaking about 1.3? I'm in this market for about 100mili-century and I have seen this scenario several times. Guys I don't wanna be aggressive but if you want to see how more than 70% of traders are losers just read this threat from April 2014. I hope you always care about money management to prevent your accounts from huge loss.
  • #5,703
  • Jun 29, 2014 8:03am Jun 29, 2014 8:03am
Quoting umbrella man
Haha! Where are the guys were speaking about 1.3? I'm in this market for about 100mili-century and I have seen this scenario several times. Guys I don't wanna be aggressive but if you want to see how more than 70% of traders are losers just read this threat from April 2014. I hope you always care about money management to prevent your accounts from huge loss.

Yes we care.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,704
  • Jun 30, 2014 3:07am Jun 30, 2014 3:07am
Quoting Danny Maina
Though the bearish momentum has decreased , we can still expect a pretty descent bounce off the ema 20 {image}
Attached Image (click to enlarge)
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Simple and clear, and profit too
  • #5,705
  • Jun 30, 2014 8:01am Jun 30, 2014 8:01am
The USDCAD broke above the descending trend line by reversing from 1.0660 signaling towards 1.0715 and 1.0750. However, 61.8% FE near 1.0690 and previous low of 1.0660 can become immediate resistances. Should it break 1.0660, it can become vulnerable to test 1.0645 levels.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 24 KB
  • #5,706
  • Jun 30, 2014 9:27am Jun 30, 2014 9:27am
closed my longs around 1.0680 will look again later in the week.
Do what's right for you
  • #5,707
  • Jul 1, 2014 2:55am Jul 1, 2014 2:55am
On the weekly chart, the price is on the bullish trend line and we see turning the resistance line into a support level. we are expecting a growth by the pair if the negative hidden divergence confirmed it. in case this happened, we will be looking for long opportunities to take at lower time frames.


http://forex-fa14.blogspot.com/


Attached Image (click to enlarge)
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  • #5,708
  • Jul 1, 2014 9:19am Jul 1, 2014 9:19am
yesterday support at 1.065 proved to be a strong one, there's another tough battle at this level today so if this holds like yesterday, there is a chance for closing a day above 1.07 and maybe to see 1.08 this week. with a big IF of course.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,709
  • Jul 1, 2014 9:41am Jul 1, 2014 9:41am
needs to close above the 1.0660 to keep the weekly from falling through again, i will be tempted again if we visit low 1.6000 though
Do what's right for you
  • #5,710
  • Jul 1, 2014 9:44am Jul 1, 2014 9:44am
Took a long at 1.0656.

Not planning to hold the trade for very long... grab and go.

Falling knives can be quite dangerous
  • #5,711
  • Jul 1, 2014 10:23am Jul 1, 2014 10:23am
nothing indicates a change of (down) trend yet, should continue to run down, especially with general USD weakness and a melt-up of US equities.
  • #5,712
  • Jul 1, 2014 10:32am Jul 1, 2014 10:32am
they are not melting, DIJA is up 0.74% by now, but when they start, USD is bigger candidate for safe heaven than CAD. agree about the downtrend, it's still on, battle at 1.065 is still active, rejecting from this support will indicate a trend change.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,713
  • Jul 1, 2014 12:55pm Jul 1, 2014 12:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: CAD.jpg Size: 190 KB
  • #5,714
  • Jul 1, 2014 2:01pm Jul 1, 2014 2:01pm
CAD proves to be a tough guy, support 1.065 broken although daily RSI14 is bellow 20, last time this number was seen in 2009 but that doesn't mean that it cannot fall < 1.06
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,715
  • Jul 1, 2014 2:43pm Jul 1, 2014 2:43pm
Hi turk1

u said 2009. it retrace at 06 twice before break.
now it has chance to retrace because it has 2 supports, channel support and horizontal support at 06.
yes, it's a down trend, but most of the time, it doesn't go straight down. It has to retrace before it continue ... and 06 is the suitest place for retrace to
fibo 38: 0740
fibo 50: 0780
fibo 62: 0820

all are well above your entry
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CAD 3.jpg Size: 187 KB
  • #5,716
  • Jul 1, 2014 2:53pm Jul 1, 2014 2:53pm
there are some buyers at 1.0605, if it gets there may join them for a pop
Do what's right for you
  • #5,717
  • Jul 1, 2014 3:03pm Jul 1, 2014 3:03pm
Quoting momochi
there are some buyers at 1.0605, if it gets there may join them for a pop
M sure there are at least 2 buyers there. I & U
  • #5,718
  • Jul 1, 2014 3:55pm Jul 1, 2014 3:55pm
1.0700
Large Stops

1.0695
Offers

1.0655
Stops

1.0632


1.0605
Large Bids

1.0600
DNT

1.0595
Stops
Do what's right for you
  • #5,719
  • Jul 1, 2014 5:56pm Jul 1, 2014 5:56pm
Quoting bikov
CAD proves to be a tough guy, support 1.065 broken although daily RSI14 is bellow 20, last time this number was seen in 2009 but that doesn't mean that it cannot fall < 1.06
BoC meeting is on 16 th

Poloz will be worth 2 cents at least in the aftermath

but with current speed of decline CAD may reach 1.04 by that time
  • #5,720
  • Jul 2, 2014 1:42am Jul 2, 2014 1:42am
Attached Image (click to enlarge)
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