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USD/CAD

  • #6,501
  • Nov 6, 2014 10:42pm Nov 6, 2014 10:42pm
Quoting MaryAnne
{quote} yest candle closed below .1385 (former strong resistance, turned support during rally). today spends more of its time ranging from there to .14 as if testing .14 as R now?
Considering the closing above 1.1420, the pair now becomes vulnerable to head towards 1.1530 levels.
  • #6,502
  • Nov 8, 2014 8:25am Nov 8, 2014 8:25am
Inserted Video
"W. D. Gann said that time is the most important factor among all things."
  • #6,503
  • Nov 8, 2014 11:32am Nov 8, 2014 11:32am
Correction is imminent for the USD-CAD but the bullish strength is still very much intact
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #6,504
  • Nov 10, 2014 1:07am Nov 10, 2014 1:07am
Long 1,1318 tp 1,1375
  • #6,505
  • Nov 10, 2014 5:00am Nov 10, 2014 5:00am
Quoting Michael.MK
Long 1,1318 tp 1,1375
hey michael, may you shed some light as to why you would long at that price? i have long positions open which is killing me right now.. i have no idea what to do..
  • #6,506
  • Nov 10, 2014 5:23am Nov 10, 2014 5:23am
Quoting davidkok
{quote} hey michael, may you shed some light as to why you would long at that price? i have long positions open which is killing me right now.. i have no idea what to do..
Hi, the trend is bulish. We are in corection now from highs 1,1465. H4 indicator is in oversold tetihory. And from 1,1121 to 1,1465 50 % fibo is 1,1295 so it should go up from this level if not my stop loss is below 1,1260
  • #6,507
  • Nov 10, 2014 5:29am Nov 10, 2014 5:29am
Quoting davidkok
{quote} hey michael, may you shed some light as to why you would long at that price? i have long positions open which is killing me right now.. i have no idea what to do..
Michael maybe right but how long you willing to wait ...forex is impatience
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #6,508
  • Nov 10, 2014 5:33am Nov 10, 2014 5:33am
Quoting Forex_Math
{quote} Michael maybe right but how long you willing to wait ...forex is impatience
max 2 days. if yuo are trading on forex you have to be very patient and disciplined.
  • #6,509
  • Nov 10, 2014 5:56am Nov 10, 2014 5:56am
Quoting Michael.MK
{quote} max 2 days. if yuo are trading on forex you have to be very patient and disciplined.
Some people say patience is a waste of time in forex i agree with them to a certain extent
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #6,510
  • Nov 10, 2014 6:06am Nov 10, 2014 6:06am
Quoting Forex_Math
{quote} Some people say patience is a waste of time in forex i agree with them to a certain extent

Maybe they are right. sometimes you need to act very fast but sometimes you have to be patient because you can blow up your acount very quickly unless yuo have big pocket. I know this from my own experience
  • #6,511
  • Nov 10, 2014 6:09am Nov 10, 2014 6:09am
Quoting Michael.MK
{quote} Maybe they are right. sometimes you need to act very fast but sometimes you have to be patient because you can blow up your acount very quickly unless yuo have big pocket. I know this from my own experience

Forex is a very difficult market. You can earn very quickly but you can lose even faster
  • #6,512
  • Nov 10, 2014 6:10am Nov 10, 2014 6:10am
Quoting Michael.MK
{quote} Forex is a very difficult market. You can earn very quickly but you can lose even faster
my current long position is 1.139... that is freaking high up.. thinking what to do..
  • #6,513
  • Nov 10, 2014 6:12am Nov 10, 2014 6:12am
USDCAD likely to plunge towards 1.1260 and 1.1215 levels on the break of 1.1300 as Friday's Canadian labor market numbers support the Loonie. Moreover, today's Housing starts can support the Canadian Dollar's strength.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 36 KB
  • #6,514
  • Nov 10, 2014 6:23am Nov 10, 2014 6:23am
Quoting davidkok
{quote} my current long position is 1.139... that is freaking high up.. thinking what to do..
I can not tell you for 100 % but i think if we go there propably we will go higher
  • #6,515
  • Nov 10, 2014 7:38am Nov 10, 2014 7:38am
Quoting Michael.MK
{quote} I can not tell you for 100 % but i think if we go there propably we will go higher
yea man, i actually project it will rise.. but when is the question.. or how low can it go..
  • #6,516
  • Nov 10, 2014 7:47am Nov 10, 2014 7:47am
If 1,127-8 support zone holds then up we go, current H4 candle looks very promising for another impulse up.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD10Listopada.png Size: 89 KB
  • #6,517
  • Nov 10, 2014 8:15am Nov 10, 2014 8:15am
Quoting Michael.MK
{quote} Hi, the trend is bulish. We are in corection now from highs 1,1465. H4 indicator is in oversold tetihory. And from 1,1121 to 1,1465 50 % fibo is 1,1295 so it should go up from this level if not my stop loss is below 1,1260
Mike,

Do you think the CAD poor housing report this morning will help the bullish drive?
  • #6,518
  • Nov 10, 2014 9:21am Nov 10, 2014 9:21am
Quoting Liquidator
{quote} Mike, Do you think the CAD poor housing report this morning will help the bullish drive?
This data is no so important for market but it can help a little bit.
  • #6,519
  • Nov 10, 2014 9:43am Nov 10, 2014 9:43am
Quoting davidkok
{quote} my current long position is 1.139... that is freaking high up.. thinking what to do..
Hahaha michael somebody is holding on what you said earlier so be careful next time lol.....sound like you got the blame
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #6,520
  • Nov 10, 2014 10:58am Nov 10, 2014 10:58am
Quoting Forex_Math
{quote} Hahaha michael somebody is holding on what you said earlier so be careful next time lol.....sound like you got the blame
What I sad ? I did not sad to him hold position just only i think if the market hit this level maybe will go higher it is only "maybe". My target is 1.1375 and nothing more
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