Attachments: USD/CAD

USD/CAD

#6,861
Feb 15, 2015 6:10am Feb 15, 2015 6:10am

jasakreatif
Joined Feb 2011 | Status: Trader | 1,825 Posts

Quoting alayinizAMK

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{quote} I must agree. Dollar is very strong atm but the top can reverse very fast so i expect nothing else than a speculative buble and reversal right after that. I still can't find anything better to go for in 2015 but time will show things can change fast. {image} {image}

Ignored

everything is possible , usdchf almost look impossible at higher price like that

cad 1998

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#6,862
Edited 11:24am Feb 15, 2015 10:55am | Edited 11:24am

mry2001
| Joined Jul 2006 | Status: Trader | 472 Posts

Quoting Kanzler

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{quote} 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. {image}

Ignored

I no longer trade usdcad. Trend is NOT your friend for the most part of trading. Your broker or the company you are working for sells a few breakout strategies on its web site, which I believe are not profitable. It is a very rare event to find a clear trend in forex pairs. 80% of time they just run like a headless chicken. Charts can tell your what happened in the past, not what is going to happen in the future. The CHF event in January is a perfect example. By looking at the chart right before the event, you see a nice uptrend. And then, Ba! trend interrupted without warning. Your broker killed your account just like that. I am really glad that I got out of USDCHF long in December. The reason that I closed my longs was the price was at previous top so I wanted to get out and reload at lower price. I did reload at much lower than I expected. What a joke. Follow the charts closely is a really bad habit. On the back of a garbage truck, there is a warning sign: Do not follow too close. On Forex charts, same warning sign should be added.

#6,863
Feb 15, 2015 12:06pm Feb 15, 2015 12:06pm

pbylina
Joined Aug 2010 | Status: Trader | 692 Posts

I agree with2001. If the eurchf unflooring didn't make you relize fundamentals are important, then you should just quit.

#6,864
Feb 16, 2015 2:51am Feb 16, 2015 2:51am

jasakreatif
Joined Feb 2011 | Status: Trader | 1,825 Posts

Quoting jasakreatif

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{quote} {image}

Ignored

profit taken

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#6,865
Feb 16, 2015 5:26am Feb 16, 2015 5:26am

julesocean
| Joined Dec 2014 | Status: Trader | 92 Posts

Quoting mry2001

Disliked

{quote} I no longer trade usdcad. Trend is NOT your friend for the most part of trading. Your broker or the company you are working for sells a few breakout strategies on its web site, which I believe are not profitable. It is a very rare event to find a clear trend in forex pairs. 80% of time they just run like a headless chicken. Charts can tell your what happened in the past, not what is going to happen in the future. The CHF event in January is a perfect example. By looking at the chart right before the event, you see a nice uptrend. And then,...

Ignored

CHF event does not happen every day though. Not even every month...

#6,866
Feb 16, 2015 5:27am Feb 16, 2015 5:27am

zOrO2kX
| Joined Jun 2013 | Status: Trader | 195 Posts

Africa’s largest oil reserves are under threat. Libya Warns of Oil Shutdown as Attacks Escalate.

http://www.bloomberg.com/news/articl...on-of-violence

#6,867
Feb 17, 2015 3:48am Feb 17, 2015 3:48am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

if BROKE support

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#6,868
Feb 17, 2015 4:47am Feb 17, 2015 4:47am

alayinizAMK
| Joined Nov 2014 | Status: Trader | 1,140 Posts

target 1.2100

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#6,869
Feb 17, 2015 4:47am Feb 17, 2015 4:47am

Ck87
| Commercial User | Joined Oct 2012 | 3,968 Posts

This sell off not going to last.. @1.2380.... Oil will come down and this will shoot back up soon. Could get dumped down to 1.22 or so, but assume there will be huge buyers down there if so.

#6,870
Feb 17, 2015 6:18am Feb 17, 2015 6:18am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Sustained break of 1.2350, immediately followed by the 1.2310 support, can extend USDCAD decline towards 1.2100 mark; however, oversold RSI levels is likely to pullback the pair's decline towards 1.2500 soon.

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