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USD/CAD

  • #6,801
  • Edited 1:31pm Feb 4, 2015 12:11pm | Edited 1:31pm
Quoting mry2001
{quote} Novice trader talking about novice mistake.
Like the guy above said you shouldn't be getting long after a move up already. Waiting for an opportunity to short is better after an uptrend. Or are you one of those "trend is your friend" kind of guys who gets mad after you buy at the top of the gold or oil bubbles?

And just in case you were wondering...novice traders don't get in at the very bottom.
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  • #6,802
  • Edited 12:40am Feb 5, 2015 12:07am | Edited 12:40am
USDCAD M1
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There is a winner and a loser, nothing in between.
  • #6,803
  • Feb 5, 2015 7:02am Feb 5, 2015 7:02am
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  • #6,804
  • Feb 6, 2015 6:04am Feb 6, 2015 6:04am
I am looking for a short on USD/CAD :

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Money moves the market, not an indicator.
  • #6,805
  • Feb 7, 2015 11:44pm Feb 7, 2015 11:44pm
If Oil rally continues this week from where it left off on friday, then good chance of USDCAD to decline given that chinese data over the weekend was positive for AUD USD which is inversely correlated to USD CAD. 1.2587 next resistance.
Scoobi doobi doo
  • #6,806
  • Feb 7, 2015 11:45pm Feb 7, 2015 11:45pm
If OIL is on the upmove, pair trade would be :


BUY CADJPY

SELL USDCAD
Scoobi doobi doo
  • #6,807
  • Feb 7, 2015 11:46pm Feb 7, 2015 11:46pm
Quoting Scoobidoobi
If OIL is on the upmove, pair trade would be : BUY CADJPY SELL USDCAD
OPEC is releasing important data on OIL tomorrow Feb9,2015 which would set the tone + given the Ukraine/Russia border tension it would be interesting play.
Scoobi doobi doo
  • #6,808
  • Feb 9, 2015 7:27am Feb 9, 2015 7:27am
i short

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  • #6,809
  • Feb 9, 2015 8:52am Feb 9, 2015 8:52am
Quoting jasakreatif
i short {image}
shield

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  • #6,810
  • Feb 10, 2015 4:39am Feb 10, 2015 4:39am
a triangle at UCAD, wait for breakout?
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  • #6,811
  • Feb 10, 2015 5:24am Feb 10, 2015 5:24am
Quoting gajebo
a triangle at UCAD, wait for breakout? {image}
I love triangles. Longed above MAs at 1.248, looking for upside to channel top 1.26.
Break of triangle to the downside and I'm gonna close. Recovering oil will add CAD strength for now, not going to fight it.
Luck shines on the positive.
  • #6,812
  • Feb 10, 2015 6:42am Feb 10, 2015 6:42am
The pair is likely to extend its decline towards 1.2400 support level. BoC Governor spreads pessimism for the CAD.
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  • #6,813
  • Feb 10, 2015 6:56am Feb 10, 2015 6:56am
Quoting Fx_Anil
The pair is likely to extend its decline towards 1.2400 support level. BoC Governor spreads pessimism for the CAD. {image}
How is pessimism good for the CAD?
Luck shines on the positive.
  • #6,814
  • Feb 10, 2015 7:05am Feb 10, 2015 7:05am
Quoting YvetteTeo
{quote} How is pessimism good for the CAD?
He says that the CAD isn't down cause of the BoC and spreads pessimism that there are deep problems with the CAD and are uncontrollable by the BoC. This could have been a reason for the quick decline of CAD.
  • #6,815
  • Feb 10, 2015 7:05am Feb 10, 2015 7:05am
Quoting YvetteTeo
{quote} I love triangles. Longed above MAs at 1.248, looking for upside to channel top 1.26. Break of triangle to the downside and I'm gonna close. Recovering oil will add CAD strength for now, not going to fight it.
Closed at BE. Just realised resistance levels are pretty close, further downside has more wiggling space.
Luck shines on the positive.
  • #6,816
  • Feb 10, 2015 7:08am Feb 10, 2015 7:08am
Quoting Fx_Anil
{quote} He says that the CAD isn't down cause of the BoC and spreads pessimism that there are deep problems with the CAD and are uncontrollable by the BoC. This could have been a reason for the quick decline of CAD.
Well truth is that BoC lowered interest rates, coupled with weak oil.
Luck shines on the positive.
  • #6,817
  • Feb 10, 2015 10:00am Feb 10, 2015 10:00am
here it go again , before traingle breakout

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  • #6,818
  • Feb 10, 2015 6:39pm Feb 10, 2015 6:39pm
Quoting jasakreatif
here it go again , before traingle breakout {image}
Not sure what triangle you were looking at, but here's the one I was looking at. Obviously broke out higher (as expected) and now the trend continues.

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check out my blog: forexmademillionaire dot com
  • #6,819
  • Feb 10, 2015 7:37pm Feb 10, 2015 7:37pm
Quoting Geppy
{quote} Not sure what triangle you were looking at, but here's the one I was looking at. Obviously broke out higher (as expected) and now the trend continues. {image}
Yup, broken triangle. Too bad I didn't hold until the break up.
Luck shines on the positive.
  • #6,820
  • Feb 10, 2015 8:31pm Feb 10, 2015 8:31pm
Quoting YvetteTeo
{quote} Yup, broken triangle. Too bad I didn't hold until the break up.
It's not too late. I plan on holding/targeting 1.3000
check out my blog: forexmademillionaire dot com
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