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USD/CAD

  • #6,021
  • Aug 1, 2014 7:23am Aug 1, 2014 7:23am
Having tested the horizontal resistance level of 1.0940, the pair is expected to witness a pullback towards 20-EMA near 1.0885, breaking which horizontal support and the 40-EMA near 1.0845 level can become important for the pair.
Attached Image (click to enlarge)
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  • #6,022
  • Aug 1, 2014 7:40am Aug 1, 2014 7:40am
NFP are in reds, but doesn't matter to me...journey to 1.12 has not completed yet
Keep calm and go GREEN...
  • #6,023
  • Aug 1, 2014 8:04am Aug 1, 2014 8:04am
Quoting nofirumi
NFP are in reds, but doesn't matter to me...journey to 1.12 has not completed yet
you should take it as a good opportunity to long...1.1 is due, just let it retrace now....nfp weren't that bad...situation is improving. it's just different from what muppets think
  • #6,024
  • Aug 1, 2014 8:10am Aug 1, 2014 8:10am
Quoting Fx_Anil
Having tested the horizontal resistance level of 1.0940, the pair is expected to witness a pullback towards 20-EMA near 1.0885, breaking which horizontal support and the 40-EMA near 1.0845 level can become important for the pair. {image}
wew Anil, you are absolutely correct. Now what? I still believe in 1.12
Keep calm and go GREEN...
  • #6,025
  • Edited 8:30am Aug 1, 2014 8:16am | Edited 8:30am
Quoting nofirumi
{quote} wew Anil, you are absolutely correct. Now what? I still believe in 1.12
That can't be denied in long run however, the support line seems important for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 37 KB
  • #6,026
  • Aug 1, 2014 8:23am Aug 1, 2014 8:23am
Quoting Zircon
1.10 on the table. {image}

1.1 is not a myth, but no need to stick on it.

lock profit even near it, is good enough?/
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #6,027
  • Aug 1, 2014 10:23am Aug 1, 2014 10:23am
looks like correction is over...we may just go up from here or consolidate
  • #6,028
  • Aug 1, 2014 10:28am Aug 1, 2014 10:28am
Quoting Greener
looks like correction is over...we may just go up from here or consolidate

entered long at 1.0909, previous longs were executed before NFP. consolidation or bounce - agree.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,029
  • Aug 1, 2014 10:39am Aug 1, 2014 10:39am
Quoting bikov
{quote} entered long at 1.0909, previous longs were executed before NFP. consolidation or bounce - agree.
good. levels were respected for this bounce...my impression is that if we go to 1.0960 area we may risk another correction toward 1.0820 area or early 1.0800s anyway before any upward continuation...I might be wrong though...and not much interested since I will be holding this trade until 1.1 and a smaller one until 1.12 anyway
  • #6,030
  • Aug 1, 2014 10:44am Aug 1, 2014 10:44am
Quoting Greener
{quote} good. levels were respected for this bounce...my impression is that if we go to 1.0960 area we may risk another correction toward 1.0820 area or early 1.0800s anyway before any upward continuation...I might be wrong though...and not much interested since I will be holding this trade until 1.1 and a smaller one until 1.12 anyway

maybe it's overbought on daily, CCI34 = 220 and usually levels > 200 means that. anyway, I'll buy on deeps, have munition for that.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,031
  • Aug 1, 2014 10:45am Aug 1, 2014 10:45am
I'm just tired of this usd/cad pair.I longed this pair @ 1.0944 on 06/06/2014 and has been there till now.I'm just waiting for it to come up so that I will close it and forget about it.I'm just happy that I ve closed some other position on this pair and its remaining only the one I longed @1.0944..
  • #6,032
  • Aug 1, 2014 2:41pm Aug 1, 2014 2:41pm
Quoting dinksy
I'm just tired of this usd/cad pair.I longed this pair @ 1.0944 on 06/06/2014 and has been there till now.I'm just waiting for it to come up so that I will close it and forget about it.I'm just happy that I ve closed some other position on this pair and its remaining only the one I longed @1.0944..
USD will be unstoppable throughout August ..
  • #6,033
  • Aug 3, 2014 9:41am Aug 3, 2014 9:41am
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 26 KB
Whether you can or you can't, you are both right.
  • #6,034
  • Aug 3, 2014 10:01am Aug 3, 2014 10:01am
Quoting fartist
{image}
Cautious that no new high made in July. Weekly is at a potential reverse point, even down to 1.05xx and the trend starting from mid 2011 would still be intact. Long from 1.067x but will kill it if we pull back beyond 1.075.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #6,035
  • Aug 3, 2014 10:20am Aug 3, 2014 10:20am
Quoting fartist
{image}
Had to login and post to applaud for the lovely nick
A trade should be based on an assumption based on facts
  • #6,036
  • Aug 3, 2014 3:02pm Aug 3, 2014 3:02pm
Quoting Stu Effex
{quote} Cautious that no new high made in July. Weekly is at a potential reverse point, even down to 1.05xx and the trend starting from mid 2011 would still be intact. Long from 1.067x but will kill it if we pull back beyond 1.075.
I will be tempted to bank if it touches 1.075 and reload at 1.06. Let's see. I am having mixed feelings about USD...however, too many signs pointing up
  • #6,037
  • Aug 3, 2014 3:31pm Aug 3, 2014 3:31pm
Quoting Greener
{quote} I will be tempted to bank if it touches 1.075 and reload at 1.06. Let's see. I am having mixed feelings about USD...however, too many signs pointing up
So many times on this pair we get a good monthly bull print then it drops 500 ! "Caveat Emptor" as they say. As you say if it gets to 075 I will be reducing my position. Hoping any pullback at this level only gets to 1.081x for a chance to add but have a niggle in my mind that it may want to take a look at 1.050x - 1.053x. You got something running on this pair ?
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #6,038
  • Aug 3, 2014 3:38pm Aug 3, 2014 3:38pm
Quoting Stu Effex
{quote} So many times on this pair we get a good monthly bull print then it drops 500 ! "Caveat Emptor" as they say. As you say if it gets to 075 I will be reducing my position. Hoping any pullback at this level only gets to 1.081x for a chance to add but have a niggle in my mind that it may want to take a look at 1.050x - 1.053x. You got something running on this pair ?
yes from 1.0625...tp 1.1
  • #6,039
  • Aug 3, 2014 4:19pm Aug 3, 2014 4:19pm
Quoting Greener
{quote} yes from 1.0625...tp 1.1
If 1.08xx holds any pullback pretty sure you will see your tp hit this week. If it holds I will be adding and looking for 1.15 ish with my stops brought up to shy of 1.08 until we are beyond 1.12. Anyway good luck mate.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #6,040
  • Aug 3, 2014 4:23pm Aug 3, 2014 4:23pm
Quoting Greener
{quote} yes from 1.0625...tp 1.1


P.S. Nice entry
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
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