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USDCAD trend reversal?

  • #4,441
  • Feb 18, 2015 5:32pm Feb 18, 2015 5:32pm
Quoting Scarecru
closed C/chf buy (7474) @ 7563 Don't like Dly candle Loonie: watching 2360 (3x Dly support) will FOMC today affect US$ sentiment?
A chance it goes to 1.12360 soon or higher up first for loonie
  • #4,442
  • Feb 18, 2015 5:58pm Feb 18, 2015 5:58pm
Nz/Cad bought@ mkt.(9408)

Buy Stop @ 9425

My H charts don't make sense so going to check news.

These are trades that I'm making according to my system.

As my late mother used to say: "Don't be a monkey see &monkey do"

Plan your trade & trade your plan.
  • #4,443
  • Feb 18, 2015 8:15pm Feb 18, 2015 8:15pm
All I could find was KIWI 3.5% vs Loonie .25%
  • #4,444
  • Feb 19, 2015 7:26am Feb 19, 2015 7:26am
going to hold my longs for a long time if this move do not hit my SL. Think this could be a great buble if it keeps going.
  • #4,445
  • Feb 19, 2015 7:34am Feb 19, 2015 7:34am
Quoting alayinizAMK
going to hold my longs for a long time if this move do not hit my SL. Think this could be a great buble if it keeps going.
Agree. If oil continues to fall into the 40's USDCAD is going up big time.
  • #4,446
  • Feb 19, 2015 8:42am Feb 19, 2015 8:42am
Quoting myelbow4
{quote} Agree. If oil continues to fall into the 40's USDCAD is going up big time.
I don't even think oil has to fall much more just as long as it stays around there is fine. But this move could still just be a decoy before something real happens. I was actually waiting for lower prices but now im long already lets hope for the best here.
  • #4,447
  • Feb 19, 2015 6:31pm Feb 19, 2015 6:31pm
Loonie Buy Stop @ 1.2553 (wkly hi)

Stop @ 1.2360
  • #4,448
  • Feb 23, 2015 6:12pm Feb 23, 2015 6:12pm
Loonie: Dly descending triangle?

Buy stop @2623,2673&2722
  • #4,449
  • Feb 23, 2015 8:14pm Feb 23, 2015 8:14pm
Why are there 2 USD/CAD threads? Just go in the other one?
  • #4,450
  • Feb 23, 2015 9:49pm Feb 23, 2015 9:49pm
Hey Jules (reminds me of a Beatles song)

Been here for a few years & THERE WAS GREAT FUNDAMENTAL INSIGHT, especially, from FOTO.

Trade anything CAD.

Trades based on MTHLY charts.

IMHO: too much noise on lower TFs.

Invisible-you gonna make a post?
  • #4,451
  • Feb 23, 2015 9:56pm Feb 23, 2015 9:56pm
Quoting Scarecru
Hey Jules (reminds me of a Beatles song) Been here for a few years & THERE WAS GREAT FUNDAMENTAL INSIGHT, especially, from FOTO. Trade anything CAD. Trades based on MTHLY charts. IMHO: too much noise on lower TFs. Invisible-you gonna make a post?
So this one is only for long term trend reversal (SHORTS) talks?
  • #4,452
  • Feb 24, 2015 5:45pm Feb 24, 2015 5:45pm
Quoting julesocean
{quote} So this one is only for long term trend reversal (SHORTS) talks?
No.

Any CAD pairs

long or short

any time frame
  • #4,453
  • Feb 24, 2015 9:30pm Feb 24, 2015 9:30pm
Quoting Scarecru
{quote} No. Any CAD pairs long or short any time frame
Why not just merge to other USD CAD thread then?
  • #4,454
  • Feb 24, 2015 9:50pm Feb 24, 2015 9:50pm
MMMM.. strong daily bearish engulfing rejecting a fib resistance with a double top and rejecting a triangle resistance : time to think short !

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD_H4.png Size: 63 KB
  • #4,455
  • Feb 25, 2015 7:10pm Feb 25, 2015 7:10pm
Quoting stefcio2002
MMMM.. strong daily bearish engulfing rejecting a fib resistance with a double top and rejecting a triangle resistance : time to think short ! {image}

Stef: beauty chart

Descending triangle? Watch your ADR lo's for break.

Note that your ma's are up (I don't like countertrend trades-my personal choice)

I shall be watching your adr for possible sell ( 2 of my buy stops were hit & are red pips)

Thanks 4 your input & keep your stick on the ice
  • #4,456
  • Feb 25, 2015 8:17pm Feb 25, 2015 8:17pm
Quoting julesocean
{quote} Why not just merge to other USD CAD thread then?
(sung to the tune of the Beatles "Hey Jude")

"Hey Jules,I like it here
But if it bugs you then
Please post elsewhere"

Been through other currency pair sites & the amount of traffic(posts)was too confusing
for me. Too much time spent looking @ other TFs & doubting myself.

I was doubting my trading plan! That cost me mega,cuz I thought they knew more than me.

I do my trading here & damn the detractors!

No merge & good trading to you.
  • #4,457
  • Feb 25, 2015 10:40pm Feb 25, 2015 10:40pm
Quoting Scarecru
{quote} Stef: beauty chart Descending triangle? Watch your ADR lo's for break. Note that your ma's are up (I don't like countertrend trades-my personal choice) I shall be watching your adr for possible sell ( 2 of my buy stops were hit & are red pips) Thanks 4 your input & keep your stick on the ice
Well there was some following to that candle, but again not that much. we BROKE DOWN THE DAILY SMA20 (in black), but the Daily SMA40 i now coming near the support. I think we are going to test that support line, but I am not sure we are going to make it through.

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD_DAILY.png Size: 65 KB
  • #4,458
  • Feb 26, 2015 3:24am Feb 26, 2015 3:24am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 45 KB

Make it simple, entry when retest

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1H1.png Size: 48 KB

Overall, will entry when touching Support or resistance
  • #4,459
  • Feb 27, 2015 5:40pm Feb 27, 2015 5:40pm
checkout my outlook for the Sunday open on trading view has picture and description

reply and let me know if you agree or disagree

thanks https://www.tradingview.com/v/FxMfqjh2/
  • #4,460
  • Feb 28, 2015 4:07am Feb 28, 2015 4:07am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH11.png Size: 29 KB
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