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  • Post #6,521
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  • Nov 10, 2014 12:01pm Nov 10, 2014 12:01pm
  •  Michael.MK
  • | Joined Aug 2014 | Status: Member | 132 Posts
Quoting Michael.MK
Disliked
{quote} 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
Ignored
And now i moved my SL to my entry level 1.1318
 
 
  • Post #6,522
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  • Nov 10, 2014 1:03pm Nov 10, 2014 1:03pm
  •  Michael.MK
  • | Joined Aug 2014 | Status: Member | 132 Posts
Quoting Michael.MK
Disliked
{quote} And now i moved my SL to my entry level 1.1318
Ignored
Out 1.1351 done for today. Good luck boys
 
 
  • Post #6,523
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  • Nov 10, 2014 1:39pm Nov 10, 2014 1:39pm
  •  Michael.MK
  • | Joined Aug 2014 | Status: Member | 132 Posts
Heh I should wait a litle bit. The price almost hit my target I will try a small short here 1.1370
 
 
  • Post #6,524
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  • Nov 10, 2014 1:42pm Nov 10, 2014 1:42pm
  •  MaryAnne
  • | Joined Nov 2014 | Status: Let's be friends!!! | 586 Posts
Quoting Michael.MK
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{quote} Out 1.1351 done for today. Good luck boys
Ignored
nice one. too bad they didnt trigger my buy orders earlier... waiting for next bus here bro
 
 
  • Post #6,525
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  • Nov 10, 2014 2:25pm Nov 10, 2014 2:25pm
  •  Pip-Ranger
  • | Joined Oct 2014 | Status: Member | 39 Posts
I like a small bullish position here. Price action today was very positive and support held at 10MA. I think we see new high on daily in next couple of days. I am looking to get into a small long position after seeing a pullback on hourly.
 
 
  • Post #6,526
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  • Nov 10, 2014 2:55pm Nov 10, 2014 2:55pm
  •  Enzoccio
  • | Joined Oct 2014 | Status: Member | 4 Posts
I'm try to recoverat from 1.145 dang I hope it gets up there
 
 
  • Post #6,527
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  • Nov 10, 2014 5:55pm Nov 10, 2014 5:55pm
  •  euroswiss
  • Joined Feb 2012 | Status: Member | 84 Posts
A new trend ......
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  • Post #6,528
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  • Nov 10, 2014 11:23pm Nov 10, 2014 11:23pm
  •  H4-forex
  • | Additional Username | Joined Sep 2014 | 108 Posts
Good morning every one...
Well trend is still up for me... On daily it just hit 50% of fib....
What you say guys...
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  • Post #6,529
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  • Nov 11, 2014 1:56am Nov 11, 2014 1:56am
  •  Fx_Anil
  • Joined Jul 2013 | Status: Member | 1,738 Posts
USDCAD remains capped by the 1.1385 horizontal resistance line, breaking which 1.1415 can become immediate resistance for the pair to test. On the downside, a drop below 1.1365 can cause it decline towards 1.1340 and 1.1300 levels.
Attached Image (click to enlarge)
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  • Post #6,530
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  • Edited 3:32am Nov 11, 2014 2:17am | Edited 3:32am
  •  andoseg2
  • Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,147 Posts
Update : covered

I am looking for a long . If the price fall beyond SL setup voided. Here the setup :

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Money moves the market, not an indicator.
 
 
  • Post #6,531
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  • Nov 11, 2014 4:30am Nov 11, 2014 4:30am
  •  andoseg2
  • Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,147 Posts
0% loss after covered and stopped out
Money moves the market, not an indicator.
 
 
  • Post #6,532
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  • Nov 11, 2014 2:04pm Nov 11, 2014 2:04pm
  •  Michael.MK
  • | Joined Aug 2014 | Status: Member | 132 Posts
Quoting Michael.MK
Disliked
Heh I should wait a litle bit. The price almost hit my target I will try a small short here 1.1370
Ignored
Closed my short for 40 pips. :-)
 
 
  • Post #6,533
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  • Nov 13, 2014 8:01am Nov 13, 2014 8:01am
  •  Fx_Anil
  • Joined Jul 2013 | Status: Member | 1,738 Posts
Descending trend-line continue signaling weaker USDCAD, 1.1300 becomes important support level while the 1.1320 becomes resistance level.
Attached Image (click to enlarge)
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Name: USDCADH1.png
Size: 38 KB
 
 
  • Post #6,534
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  • Nov 14, 2014 2:33am Nov 14, 2014 2:33am
  •  andoseg2
  • Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,147 Posts
I am looking for a long :

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Money moves the market, not an indicator.
 
 
  • Post #6,535
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  • Nov 15, 2014 3:19am Nov 15, 2014 3:19am
  •  davidkok
  • | Joined Oct 2014 | Status: Member | 23 Posts
is there anybody willing to help? i longed at quite a high price . 1.139 as i thought the price would surge higher due to the news, but it crashed like bonkers.. i would like to know if its gonna continue to crash next week? please help!
 
 
  • Post #6,536
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  • Nov 15, 2014 9:22am Nov 15, 2014 9:22am
  •  pedro319
  • Joined Jul 2013 | Status: Form follows function | 2,822 Posts
USDCAD
Retracement continues.
W1: Price reached 1.27 Extension + MR1 + Yearly R2 and those two last candles don't look very bullish.
This is the type of situation where a larger retracement could be on it's way.

D1: Here we have nice confluence for long trade with .618 Ret (not reached yet) + MPP, I would say it's a good chance to test whether larger retracement down will happen or continuation up to 1.618 Ext Weekly at 1.17 plus.

H4: We could have 3 Bullish drives pattern and reversal should start between 1.1240-19 area, last one is 1.618 Ext H4, I want to see nice reversal candles and long wicks at the bottom. There is also a trendline (I don't usually use them) and breaking below will look naturally bearish.
CPI on Friday 21st will give it a push.
Attached Image(s) (click to enlarge)
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Name: USDCAD WEEKLY.png
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Fibonacci will make you rich
 
 
  • Post #6,537
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  • Nov 15, 2014 9:53am Nov 15, 2014 9:53am
  •  sunshine
  • Joined Mar 2007 | Status: Member | 1,190 Posts
Quoting davidkok
Disliked
is there anybody willing to help? i longed at quite a high price . 1.139 as i thought the price would surge higher due to the news, but it crashed like bonkers.. i would like to know if its gonna continue to crash next week? please help!
Ignored
hi david,

i could begin by telling u all sorts of nice and not so nice things, but this i'm definitely telling u this...if u want to give your money away than u should continue to trade without a method and strategy and if trading the news is your strategy than u should have closed your trade when the news didn't produce your anticipated result.

to answer your question if the pair is going to continue to crash ? .. my answer is... i don't know, maybe someone else here will know better.
But i can tell u this,

  1. u have the weekly trend in your favour, meaning that price may reverse up from about where it is now or drop another 100 pips or more before it could reverse.
  2. the 4hr chart pattern will give an indication if it's going to rise or drop.
  3. unfortunately for your long, the Daily Chart says i may drop to 1.1190 [that's 200 pips from your entry] before i will rise...so i suggest to u, watch that level for a possible reversal. that Daily bar that formed is very bearish.
  4. ​in conclusion: these are the probable reversal levels according to my charts; 1.1260/05 [where price is now]...1.1190 & 1.1012

​Lastly, please lower your trade size because from your post it is obvious that u are trading way above your comfort zone.

 
 
  • Post #6,538
  • Quote
  • Nov 15, 2014 2:55pm Nov 15, 2014 2:55pm
  •  Cb92
  • | Joined Nov 2014 | Status: Member | 27 Posts
Evening all,

Attached Image (click to enlarge)
Click to Enlarge

Name: usdcadta15-11-14.png
Size: 12 KB


The way I see it; a retracement to the 50/61.8 area, highlighted candle signalling a continuation of the up trend.

I would appreciate any tips/ criticism on my analysis!

Good luck to all.
 
 
  • Post #6,539
  • Quote
  • Nov 16, 2014 11:59pm Nov 16, 2014 11:59pm
  •  sunshine
  • Joined Mar 2007 | Status: Member | 1,190 Posts
hi david,

i'm really trying to read some reversal into this pair simply because i think i know where u are at this moment of your USDCAD long trade, i wish it would reverse to ease your pain even though it would mean that my other long trades in the AUDUSD, NZDUSD, EURUSD & Gold [see my last journal post] put me in negative territory...[it would not matter to me because i know i can trade myself out of that hole should my wish for u come true.]

see the 4hr chart below...according my reading of the PA patterns, should the next 4hr bar close green or engulfing then price may reverse to the upside, how far will it travel ?...i don't know, but the immediate resistances overhead are the opening of today till a little above 1.1300
Attached Image
 
 
  • Post #6,540
  • Quote
  • Nov 17, 2014 12:09am Nov 17, 2014 12:09am
  •  davidkok
  • | Joined Oct 2014 | Status: Member | 23 Posts
Quoting sunshine
Disliked
hi david, i'm really trying to read some reversal into this pair simply because i think i know where u are at this moment of your USDCAD long trade, i wish it would reverse to ease your pain even though it would mean that my other long trades in the AUDUSD, NZDUSD, EURUSD & Gold [see my last journal post] put me in negative territory...[it would not matter to me because i know i can trade myself out of that hole should my wish for u come true.] see the 4hr chart below...according my reading of the PA patterns, should the next 4hr bar close green...
Ignored
hey sunshine~ well, i do see it .. but i doubt this support would hold... as much as iwould want it to... im just a little down as i am a technical -player but i jumped the gun on the fundamental news .. so i probabvly deserve this.. .. sigh.. all my profits are gone in this single trade. wish it would just go up so i could close at a higher position
 
 
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