Now, after 12 hours we have a new spike here during US trading hours. I assume the Economic Calender will have the catalyst for down.
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- #6,724
- Jan 20, 2015 11:16am Jan 20, 2015 11:16am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #6,725
- Jan 20, 2015 11:20am Jan 20, 2015 11:20am
This thread seems quiet... surprising given the CAD weakness today. Did anyone catch the move? I had longs from 1.1958 and still have a third of that position running (targeting 1.2158) but looking to add more if we get a bit of a dip.
Hehe, yea I had a nice trade on CAD today from 1.19727 and I closed it too early at 1.20204.... Still a good trade made around 50 pips and I had high lots on it (overbet) so I'm happy
- #6,726
- Jan 20, 2015 11:24am Jan 20, 2015 11:24am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
{quote} Hehe, yea I had a nice trade on CAD today from 1.19727 and I closed it too early at 1.20204.... Still a good trade made around 50 pips and I had high lots on it (overbet) so I'm happy
check out my blog: forexmademillionaire dot com
- #6,727
- Jan 20, 2015 1:56pm Jan 20, 2015 1:56pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
About time someone noticed
It takes a lot for me to IGNORE you, but you can try.
- #6,728
- Jan 20, 2015 4:15pm Jan 20, 2015 4:15pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
Forewarned is ????
http://www.forexlive.com/blog/2015/0...tipping-point/
How to trade it
I see substantial risks tilted toward worry about global growth and the effects of plunging oil prices on the Canadian economy and inflation. That’s highly likely to outweigh better US growth and a lower Canadian dollar.
The market tends to be sleepy when it comes to the Canadian dollar and doesn't really move until the headlines hinting at rate cuts are plain to see. Even though USD/CAD has risen to 1.21, don't underestimate how much further it could run.
http://www.forexlive.com/blog/2015/0...tipping-point/
How to trade it
I see substantial risks tilted toward worry about global growth and the effects of plunging oil prices on the Canadian economy and inflation. That’s highly likely to outweigh better US growth and a lower Canadian dollar.
The market tends to be sleepy when it comes to the Canadian dollar and doesn't really move until the headlines hinting at rate cuts are plain to see. Even though USD/CAD has risen to 1.21, don't underestimate how much further it could run.
It takes a lot for me to IGNORE you, but you can try.
- #6,729
- Jan 20, 2015 4:40pm Jan 20, 2015 4:40pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Forewarned is ???? http://www.forexlive.com/blog/2015/0...tipping-point/
check out my blog: forexmademillionaire dot com
- #6,731
- Jan 21, 2015 12:38am Jan 21, 2015 12:38am
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
Considering that -
- it almost made it's AWR in 1 day, yesterday
- Europe session not even open yet
- USA session not even open yet
I would not expect anything else but to retrace
YMMV
- it almost made it's AWR in 1 day, yesterday
- Europe session not even open yet
- USA session not even open yet
I would not expect anything else but to retrace
YMMV
It takes a lot for me to IGNORE you, but you can try.
Considering that - - it almost made it's AWR in 1 day, yesterday - Europe session not even open yet - USA session not even open yet I would not expect anything else but to retrace YMMV
- #6,738
- Jan 21, 2015 2:54pm Jan 21, 2015 2:54pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Even better, I threw on 1 futures contract in my brokerage account for the heck of it at the same time ($10/pip) and managed to ride it for 190 pips
check out my blog: forexmademillionaire dot com
- #6,739
- Jan 21, 2015 2:56pm Jan 21, 2015 2:56pm
{quote} I had something similar: {image} Even better, I threw on 1 futures contract in my brokerage account for the heck of it at the same time ($10/pip) and managed to ride it for 190 pips
nice one
