USDCAD trend reversal? | Page 222 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

(False) Breakout & Trend Reversal Strategies?? 12 replies

Trend Reversal Confirmed? 0 replies

POLL- Trend Reversal or Retracement 0 replies

Are we close to TREND REVERSAL? 5 replies

Attachments: USDCAD trend reversal?
Exit Attachments

USDCAD trend reversal?

  • #4,421
  • Feb 5, 2015 8:49pm Feb 5, 2015 8:49pm
Quoting KOS-fx
{quote} I am also watching monthly full 50% retrenchment showed TP in my chart is only free risk level. I am interesting at least 5R:R trades..... {image}
KOS Brilliant ( specially with the move today)

Was the 50% fib Mthly 2002/Aug to 2007/Nov ?

Do not like Cdn fundamentals;but,the big guys don;t care about me.

Watching PA on Mthly

Kudos to you
  • #4,422
  • Feb 5, 2015 9:10pm Feb 5, 2015 9:10pm
Quoting Scarecru
{quote} KOS Brilliant ( specially with the move today) Was the 50% fib Mthly 2002/Aug to 2007/Nov ? Do not like Cdn fundamentals;but,the big guys don;t care about me. Watching PA on Mthly Kudos to you
Yeah that is 50% full retracement of high in 2002 to low in 2007....
To be honest I try to trade 100% technical... Hardly focus on news... Any way I know fundamentals also very important in trading...

Will see I am also with you with monthly charts.....
80% effort, 20% luck
  • #4,423
  • Feb 5, 2015 10:12pm Feb 5, 2015 10:12pm
What do you think guys?

Is USDCAD finally going down or just retesting two broken resistances (monthly chart) ?

Honestly I wonder, so today I will take it both sides should I get a good signal.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 74 KB
  • #4,424
  • Feb 7, 2015 5:51pm Feb 7, 2015 5:51pm
Quoting stefcio2002
What do you think guys? Is USDCAD finally going down or just retesting two broken resistances (monthly chart) ? Honestly I wonder, so today I will take it both sides should I get a good signal. {image}
STEF:
KOS is tekkie (as I am for the most part;but,I give fundies weight)KOS should be able to answer you more ably.
How did you do on your trade as per your last post?

Your STO is o/b & looks like fast/slow is Xing down. Watch your white TL (200?).

I am watching the wkly Hi/Lo PA for two reasons before I make a trade on this pair.

1) The trend is your friend
2) "ET TU BRUTE?"
  • #4,425
  • Feb 8, 2015 3:38am Feb 8, 2015 3:38am
Hi Scarecru,

I stayed away from USDCAD on Friday, but went on UJ long after NFP. CLosed half at +40, second half is now at BE For USDCAD this my current trading plan, based on M, W, and D analysis :

"Ranging. Possible bearish trend in formation, but needs to clear 1,23 (,786 M fib support) to confirm bearish bias. Buy strong signals all the way down to 1,23."

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_001.png Size: 78 KB
  • #4,426
  • Feb 8, 2015 5:13pm Feb 8, 2015 5:13pm
STEF: kudoes for your U/Y

Watch 2363 support on Dly ( TLs up & RSI>50)

I'm awaiting buys longer term.
nonCOMMS as per last COT are increasing shorts

This p.m. heard RBC chief financial analyst re: Cdn$.

yadda,yadda may hit 1.300 blah,blah;but,may not due to oil,cyclical 5-10 year cycles yadda,blah,yadda....

Just gonna trade following PA.
  • #4,427
  • Feb 8, 2015 10:38pm Feb 8, 2015 10:38pm
This is what I am looking for U/Cad.
But it seems to be US economy getting strong so if price retrace in to 1.2038 that would be a great great opportunity to go long.... According to my system next weekly participation to up side can be expected from 1.2038 level.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 34 KB
80% effort, 20% luck
  • #4,428
  • Feb 9, 2015 8:45pm Feb 9, 2015 8:45pm
I entered a tiny position short when it broke down 1,25, with a stop slightly above 1,2535 resistance. It is now at +40, and running with a stop at BE. it is having trouble breaking 1,25 1,248 support, and H4 SMA100 coming also as a support does not bear good for this short.

But as it is a tiny position at be and the bearish potential is high I am letting it run. We will see. If it comes back higher I will just short it again. I do not plan to buy so high, I need it to get lower first.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_002.png Size: 81 KB
  • #4,429
  • Feb 10, 2015 4:37pm Feb 10, 2015 4:37pm
My Loonie buy (Feb4) @1.2580 finally in green pips.
beaver sell still in red
  • #4,430
  • Feb 10, 2015 5:16pm Feb 10, 2015 5:16pm
Loonie buy stop 1.2635 (break of down TL on Dly Jan30 to Feb10)

Dly rsi >50
  • #4,431
  • Feb 10, 2015 6:37pm Feb 10, 2015 6:37pm
Today was a great day for USDCAD bulls!

The wedge we've been trapped in finally broke out to the upside (as expected) and the trend should now continue.

1.3000 anyone?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-02-10 16.36.33.png Size: 151 KB
check out my blog: forexmademillionaire dot com
  • #4,432
  • Feb 10, 2015 9:17pm Feb 10, 2015 9:17pm
Quoting KOS-fx
This is what I am looking for U/Cad. But it seems to be US economy getting strong so if price retrace in to 1.2038 that would be a great great opportunity to go long.... According to my system next weekly participation to up side can be expected from 1.2038 level. {image}
KOS you are trading your system & I think that is the way to trade. Plan your trade & trade your plan.
  • #4,433
  • Feb 11, 2015 2:41pm Feb 11, 2015 2:41pm
Loonie buy @1,2580 moved stop to 1.2605 for profit lock

Buy stop @ 1.2635 triggered & moved stop to BE
  • #4,434
  • Feb 11, 2015 3:08pm Feb 11, 2015 3:08pm
Quoting Geppy
Today was a great day for USDCAD bulls! The wedge we've been trapped in finally broke out to the upside (as expected) and the trend should now continue. 1.3000 anyone? {image}
GEPPY : looking that way Mthly

Jes gonna be watching PA daily & adding longs when appropriate.
  • #4,435
  • Feb 11, 2015 6:38pm Feb 11, 2015 6:38pm
CAVEAT to me: watch triangle on Dly
  • #4,436
  • Feb 11, 2015 6:43pm Feb 11, 2015 6:43pm
CAVEAT to me: look at Wkly highs
  • #4,437
  • Feb 16, 2015 7:53pm Feb 16, 2015 7:53pm
Beaver sell still red pips as is G/cad buy

both still within my Mthly parameters.

E/Cad sell
Dly TL (up) on RSI/ RSI<50
Gly upTL break (01/23 to 02/10)

Greece (esp. if E/US <1.1300
  • #4,438
  • Feb 18, 2015 4:43pm Feb 18, 2015 4:43pm
closed C/chf buy (7474) @ 7563
Don't like Dly candle

Loonie: watching 2360 (3x Dly support)
will FOMC today affect US? sentiment?
  • #4,439
  • Feb 18, 2015 4:44pm Feb 18, 2015 4:44pm
closed C/chf buy (7474) @ 7563
Don't like Dly candle

Loonie: watching 2360 (3x Dly support)
will FOMC today affect US$ sentiment?
  • #4,440
  • Feb 18, 2015 5:13pm Feb 18, 2015 5:13pm
G/Cad buy last week (1.9274) now getting closer to going in the direction that it is supposed to
2 traders viewing now