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GBPCAD

  • #121
  • Jul 10, 2014 12:07pm Jul 10, 2014 12:07pm
Anyone selling this?
A trade should be based on an assumption based on facts
  • #122
  • Edited 5:16pm Jul 10, 2014 4:55pm | Edited 5:16pm
Quoting Mave
Anyone selling this?
Yeppers. Good for day entry order at 1.82566/TP 1.82365 (Daily Camarilla R3/S3 Pivot Points)

Looks short-term range-bound to me and is undergoing a bit of consolidation, probably in advance of CAD unemployment data:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP:CAD Ranges.jpg Size: 215 KB


May get a bit frisky though at the beginning of the New York sesh when CAD unemployment figures are due out.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #123
  • Edited 5:16pm Jul 10, 2014 5:02pm | Edited 5:16pm
Quoting BogiFX
Any thoughts where this pair can going?
Oh, snap, making me rethink my short ... . Lol.

An intelligent trader would probably wait until after CAD employment data before deciding ... . Unfortunately, I am not that trader.

Better play might be long off that long term resistance at the bottom of the box or a short off the 200 SMA (4H) ... or a breakout out above the 200 SMA, assuming really bad loonie employment data. My vote's for modest Canadian employment improvement ... , although they seem to have an awfully tough time accurately forecasting and the numbers have been all over the board ... :

Attached Image (click to enlarge)
Click to Enlarge Name: CAD Unemployment Data.jpg Size: 75 KB


Short answer: my trade set-up's a total crap shoot (which is why I'm going with a small lot size).
Fireworks are fun ... as long as you don't blow your fingers off.
  • #124
  • Jul 10, 2014 10:21pm Jul 10, 2014 10:21pm
Quoting Mave
Anyone selling this?
If you sold you should be in great gree pips .
  • #125
  • Jul 10, 2014 10:22pm Jul 10, 2014 10:22pm
Quoting ZebraSquirl
{quote} Oh, snap, making me rethink my short ... . Lol. An intelligent trader would probably wait until after CAD employment data before deciding ... . Unfortunately, I am not that trader. Better play might be long off that long term resistance at the bottom of the box or a short off the 200 SMA (4H) ... or a breakout out above the 200 SMA, assuming really bad loonie employment data. My vote's for modest Canadian employment improvement ... , although they seem to have an awfully tough time accurately forecasting and the numbers have been...
This is wahy i asked what you guys are thinking but for me i dont see any SR and PA.Maybe i'm to blind .
  • #126
  • Jul 10, 2014 10:45pm Jul 10, 2014 10:45pm
Quoting BogiFX
{quote} This is wahy i asked what you guys are thinking but for me i dont see any SR and PA.Maybe i'm to blind .
Here, let me hand you my cane ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #127
  • Jul 11, 2014 11:12am Jul 11, 2014 11:12am
Wellll, I guess I should have waited after CAD data for the pair to settle ... . Would have been an awesome buy at 1.823 ... . That's okay, cause there's probably another selling opp coming up as the pair rocks back to the top of the longer-term box .... .

There's a lesson for me in there somewhere ... . And that's be glad that you only gambled (essentially) with a microscopic lot ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #128
  • Jul 14, 2014 6:13am Jul 14, 2014 6:13am
Dark cloud cover.
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  • #129
  • Jul 23, 2014 3:08am Jul 23, 2014 3:08am
Quoting BogiFX
Dark cloud cover. {image}
Two shorts closed on good profit and i still have one more targeting 1,8200 H4 support.
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  • #130
  • Jul 24, 2014 1:32am Jul 24, 2014 1:32am
Quoting BogiFX
{quote} Two shorts closed on good profit and i still have one more targeting 1,8200 H4 support. {image}
Closed trade.
  • #131
  • Sep 16, 2014 1:59am Sep 16, 2014 1:59am
Anyone know what this big spike was for??

Attached Image (click to enlarge)
Click to Enlarge Name: spike.jpg Size: 298 KB
Please check out my blog at https://from-zero-to-hero . net
  • #132
  • Sep 16, 2014 2:21am Sep 16, 2014 2:21am
Quoting smash1820
Anyone know what this big spike was for?? {image}

It is history already....never mind...
The Market pays you to be disciplined
  • #133
  • Edited 5:52pm Sep 16, 2014 5:05pm | Edited 5:52pm
new algorithm, new day.

my trades are placed according to the following values:

gbpchf : +205.99,-210.42
gbpjpy: +401.19,-410.03
gbpeur: +312.32,+51.77
gbpcad: +257.80,-254.26
gbpaud: +51.77,-41.92
gbpnzd: +56.05,-51.77

all gbp pairs are showing positive numbers and are ready to go down.

the difference between the two numbers is the actual and true market spread of that pair.

gbpcad is now the most highest of all gbp pairs, (edit: not including the gbpjpy) and so i short it.

thank you.
.
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  • #134
  • Oct 1, 2014 6:11am Oct 1, 2014 6:11am
hi, anybody in trade?
  • #135
  • Oct 29, 2014 8:51pm Oct 29, 2014 8:51pm
Setting up for a trending upside move?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH4 01.png Size: 65 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #136
  • Nov 4, 2014 8:27am Nov 4, 2014 8:27am
Quoting skyhok
Setting up for a trending upside move? {image}
A 3rd wave on the advance.
Elliott Wave for optimum entry, exit and risk management of trades
  • #137
  • Nov 6, 2014 1:59am Nov 6, 2014 1:59am
Hi traders. GBP/CAD on today's menu. Sold the pair @ 1,8198 with SL @ 1,8232.

Good luck today!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #138
  • Nov 6, 2014 8:07am Nov 6, 2014 8:07am
Quoting Mr.C
Hi traders. GBP/CAD on today's menu. Sold the pair @ 1,8198 with SL @ 1,8232. Good luck today!
GBP/CAD: todays short from 1,8198 looks promising with +40 pips floating as we speak. SL @ +1. Possible TP zone is @ 1,8100.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_141106_M30.png Size: 42 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #139
  • Nov 6, 2014 9:24am Nov 6, 2014 9:24am
Quoting Mr.C
{quote} GBP/CAD: todays short from 1,8198 looks promising with +40 pips floating as we speak. SL @ +1. Possible TP zone is @ 1,8100. {image}
Won't be waiting for the ~1,8100. Banked +66 pips with today's GC short order. No active positions left. Will be back soon. Take care everyone!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #140
  • Nov 17, 2014 2:47am Nov 17, 2014 2:47am
Hi traders. Sharing my GBP/CAD view.

As for near future I would watch the #GBPCAD price acting in the amplitude of ~80 pips, in between the ~1,7660 and the 1,7739. If the price would climb up to ~1,7739 - a sell could become my choice. If we'd penetrate the zone - I would try to focus more on intra-day longs, depending on the setups given at the time. Going down below the 1,7660 - would definitely mean that we need to look for short setups.

We're definitely trending down. But to prove that, in near future we need new low and the price to get down to something like ~1,7660. Then - next stop would clearly be the ~1,7530. And at the moment I can see my last targets down south @ ~1,7351. BUT! The main stop and road block at the moment for a south move continuation is the monthly range. We have a filled AMR with 123%. So, I wouldn't be surprised if we'd see a pullback. More than that, I can see a price magnet @ ~1,7855. It doesn't necessary need to go to the exact zone, but it could simply suck the price back up a bit. Road block if we'd go up: 1,7739, 1,7715 and the above mentioned 1,7855.

Lots of numbers but as always - only two possible scenarios. Our mission here is to be left with only one scenario, a clear up or down. That means that I'm staying aside and waiting. Will update and as always share the exact entry numbers. Good luck!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
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