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USD/CAD

  • #6,981
  • Feb 26, 2015 9:12am Feb 26, 2015 9:12am
Quoting tunera
{quote} 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...
CAD data should have been better. But how will the data look when Oil goes down in price. That's the fear.

US data was so so, but not as bad as anyone expected plus the expectation of a rate hike due to wage increase is the risk.

Risk and Fear move the market. Fundamentals are just the excuse.
hope for the best and expect the worst.
  • #6,982
  • Feb 26, 2015 9:12am Feb 26, 2015 9:12am
https://www.poundsterlinglive.com/ca...oc-action-5354
  • #6,983
  • Feb 26, 2015 9:29am Feb 26, 2015 9:29am
Very tempted to just keep my 20% just made and calling it a week. I see absolutely no good trade here to go long and neither enter a short.
The coincidental success is more dangerous than the expected failure
  • #6,984
  • Feb 26, 2015 10:00am Feb 26, 2015 10:00am
Quoting Neqrotik
Very tempted to just keep my 20% just made and calling it a week. I see absolutely no good trade here to go long and neither enter a short.
There are rejections at Pozlo's 1 hour candle
  • #6,985
  • Feb 26, 2015 10:04am Feb 26, 2015 10:04am
Inverted hammer on h1 maybe now we will see a move down. I hope so
  • #6,986
  • Feb 26, 2015 10:11am Feb 26, 2015 10:11am
Who knows maybe today we may see a good breakout below 1.2350
  • #6,987
  • Feb 26, 2015 11:27am Feb 26, 2015 11:27am
Quoting Michael.MK
Inverted hammer on h1 maybe now we will see a move down. I hope so
Maybe not
  • #6,988
  • Feb 26, 2015 11:36am Feb 26, 2015 11:36am
Quoting Michael.MK
{quote} Maybe not
I am pretty sure the cadjpy has something to do with the usdcad price action

seems like it is risk on USD and risk off CAD
hope for the best and expect the worst.
  • #6,989
  • Feb 26, 2015 8:53pm Feb 26, 2015 8:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADD.png Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDai2.png Size: 41 KB


really looking forward the breakout
  • #6,990
  • Feb 27, 2015 2:22am Feb 27, 2015 2:22am
whtangpi thx for charts, think the same, what's more we are at 50% of the last wave and it could be the standard abc move (short) to ~ 1.2260.
I'm short from 1.2521 (and i'm safe for now).
Yesterday move after news was strange, today we could see the cad power

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-27 09.14.54 am.png Size: 25 KB
  • #6,991
  • Feb 27, 2015 2:53am Feb 27, 2015 2:53am
Option expiries 10am NY cut 27 Feb

USDCAD - 1.2390 (USD 330m), 1.2440 (USD 540m), 1.2500 (USD 1bln), 1.2700 (USD 401m)
AUDUSD - 0.7700 (AUD 1.4bln), 0.7775-80 (AUD 2bln), 0.7800 (AUD 704m), 0.7850 (AUD 1.7bln), 0.7900 (AUD 687m)
Plenty rolling off today that could have impact.
  • #6,992
  • Feb 27, 2015 4:18am Feb 27, 2015 4:18am
Quoting Dano12
Option expiries 10am NY cut 27 Feb USDCAD - 1.2390 (USD 330m), 1.2440 (USD 540m), 1.2500 (USD 1bln), 1.2700 (USD 401m) AUDUSD - 0.7700 (AUD 1.4bln), 0.7775-80 (AUD 2bln), 0.7800 (AUD 704m), 0.7850 (AUD 1.7bln), 0.7900 (AUD 687m) Plenty rolling off today that could have impact.
but the question is impact down or up
  • #6,993
  • Feb 27, 2015 7:10am Feb 27, 2015 7:10am
short going for the sma or close to it.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CAD_Daily_snapshot.png Size: 13 KB
  • #6,994
  • Feb 27, 2015 7:34am Feb 27, 2015 7:34am
GDP 2,2 little bit better than expected but i hope it not take usd cad higher
  • #6,995
  • Feb 27, 2015 7:40am Feb 27, 2015 7:40am
Quoting Michael.MK
GDP 2,2 little bit better than expected but i hope it not take usd cad higher

Do you have open position now?
There is a winner and a loser, nothing in between.
  • #6,996
  • Feb 27, 2015 7:43am Feb 27, 2015 7:43am
Quoting buytosell
{quote} Do you have open position now?
I have short positions will close it at the end of the trading day
  • #6,997
  • Feb 27, 2015 7:44am Feb 27, 2015 7:44am
Quoting buytosell
{quote} Do you have open position now?
yes i stuck with short from yesterday 1,2446
  • #6,998
  • Feb 27, 2015 8:11am Feb 27, 2015 8:11am
something is not right...USD did not move up very much.
There is a winner and a loser, nothing in between.
  • #6,999
  • Feb 27, 2015 9:08am Feb 27, 2015 9:08am
Quoting buytosell
something is not right...USD did not move up very much.
ahh all these numbers are a crap shoot today

I guess we wait until the weather warms up and business resumes as normal
hope for the best and expect the worst.
  • #7,000
  • Feb 27, 2015 10:03am Feb 27, 2015 10:03am
Any news? why we grow up in 5 min 30 pips
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