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USD/CAD

  • #6,961
  • Feb 25, 2015 4:36am Feb 25, 2015 4:36am
Quoting Neqrotik
{quote} And I will sell it to you @ 1.25XX
okay
  • #6,962
  • Feb 25, 2015 5:12am Feb 25, 2015 5:12am
this could also make a straight drop to 1.225 unless some news comes in the way. Placing tiny short no need for more drama.
  • #6,963
  • Feb 25, 2015 6:52am Feb 25, 2015 6:52am
As said yesterday, the horizontal resistance near 1.2670 caused USDCAD decline. Now, the 1.2375-70 could restrict further decline of the pair.
Attached Image (click to enlarge)
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  • #6,964
  • Edited 7:22am Feb 25, 2015 7:02am | Edited 7:22am
Quoting Neqrotik
{quote} And I will sell it to you @ 1.25XX
this guy wants to poop the party.

I am just adding more at the support 1.24 and a buy stop above 1.25 if oil inventories are where I think they are

cookies yum yum yum
hope for the best and expect the worst.
  • #6,965
  • Edited 9:38am Feb 25, 2015 8:39am | Edited 9:38am
Quoting usdoutlaw
{quote} this guy wants to poop the party. I am just adding more at the support 1.24 and a buy stop above 1.25 if oil inventories are where I think they are cookies yum yum yum
I wouldn't hold too much of this pair to Crude. Where'd you think oil was gonna be after anouncement?
The coincidental success is more dangerous than the expected failure
  • #6,966
  • Feb 25, 2015 10:07am Feb 25, 2015 10:07am
holding just one position from 1.2467 target 1.2517
  • #6,967
  • Feb 25, 2015 10:51am Feb 25, 2015 10:51am
tomorrow macro date and broke support
  • #6,968
  • Feb 26, 2015 7:38am Feb 26, 2015 7:38am
Sold on 1,2446 i hope they will go down
  • #6,969
  • Feb 26, 2015 7:43am Feb 26, 2015 7:43am
Quoting Michael.MK
Sold on 1,2446 i hope they will go down
  • #6,970
  • Feb 26, 2015 7:48am Feb 26, 2015 7:48am
Quoting Michael.MK
{quote}
Today we had mostly negative data for the usd and positive for the cad, on a fundamental level your trade is perfect.

But...
This market is crazy. At least for now...
  • #6,971
  • Feb 26, 2015 7:57am Feb 26, 2015 7:57am
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  • #6,972
  • Feb 26, 2015 7:58am Feb 26, 2015 7:58am
Quoting tunera
{quote} Today we had mostly negative data for the usd and positive for the cad, on a fundamental level your trade is perfect. But... This market is crazy. At least for now...
markets look crazy because oil price drop. all is about oil.
  • #6,973
  • Feb 26, 2015 8:10am Feb 26, 2015 8:10am
what a hell was that this up move. Come on guys sell it
  • #6,974
  • Feb 26, 2015 8:13am Feb 26, 2015 8:13am
Quoting alayinizAMK
{image}
Sell, 25.11. Let's see. S/L at BE. USD/CAD movement has had two drivers, oil drop and USDx up movement, thanks to the news and Bullards's interview.
  • #6,975
  • Feb 26, 2015 8:23am Feb 26, 2015 8:23am
Quoting Lavanda
{quote} Sell, 25.11. Let's see. S/L at BE. USD/CAD movement has had two drivers, oil drop and USDx up movement, thanks to the news and Bullards's interview.
Good luck
  • #6,976
  • Feb 26, 2015 8:30am Feb 26, 2015 8:30am
any one think it will go down ?
  • #6,977
  • Feb 26, 2015 8:33am Feb 26, 2015 8:33am
Quoting Michael.MK
any one think it will go down ?
I do. But I have a limit order in. Waiting for more confirmation. It may never hit. Which is o.k too.
The coincidental success is more dangerous than the expected failure
  • #6,978
  • Feb 26, 2015 8:36am Feb 26, 2015 8:36am
Quoting Michael.MK
any one think it will go down ?
i will follow when it down.
  • #6,979
  • Feb 26, 2015 8:46am Feb 26, 2015 8:46am
Quoting Michael.MK
any one think it will go down ?
It might now that someone is buying oil but the labor data showed that wages increased that could be the reason it ripped through 2500 and then ripped down because the real wage adjustment was based on lower inflation

doobie doobie doo
hope for the best and expect the worst.
  • #6,980
  • Feb 26, 2015 9:07am Feb 26, 2015 9:07am
Quoting usdoutlaw
{quote} It might now that someone is buying oil but the labor data showed that wages increased that could be the reason it ripped through 2500 and then ripped down because the real wage adjustment was based on lower inflation doobie doobie doo
Good cad data should send usdcad lower, NOT higher.
And bad usd data should send usd lower, not higher.

What we are seeing today (and many other days) is simply the market going in the opposite direction of the foundamental data.

We should always keep in mind that just a few banks (around 5) have the biggest market share on forex, so if they decided to buy usd or any other currency, the market move in such direction, reagrdless of any sort of fundamental data.
Fx may be the biggest market in terms of liquidity, but it is also the most rigged market too.

Looking for foundamental data reasons for the moves make no sense anymore, just follow the chart and don't ask questions.
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