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USD/CAD

  • #7,161
  • Mar 12, 2015 7:46am Mar 12, 2015 7:46am
Buying around the red line might be good if you are looking to short cad but this might happen next week. Im honestly not going to short any oil currency if things stay this way. Maybe try to catch the bounce back from $60 if we get there and dollar stays firm enough.
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  • #7,162
  • Mar 12, 2015 8:06am Mar 12, 2015 8:06am
well it sucks to know I'd be up right now if I held on to my trade for a few more pips....... That's the worst. But I guess we win some and we lose some
To maximize your gains you must minimize your losses
  • #7,163
  • Mar 12, 2015 8:09am Mar 12, 2015 8:09am
Quoting usdoutlaw
Well those numbers are mixed in a bad way for cad shorts. I'm looking to get out of my cadjpy short before the hour is up :O
based on TA jpy is one of my favorites but have no idea on how this is doing fundamentally. If Fed skips rates once more then i will begin to consider jpy but against eur or chf in first place.
  • #7,164
  • Mar 12, 2015 8:23am Mar 12, 2015 8:23am
Quoting alayinizAMK
Buying around the red line might be good if you are looking to short cad but this might happen next week. Im honestly not going to short any oil currency if things stay this way. Maybe try to catch the bounce back from $60 if we get there and dollar stays firm enough. {image}
Usdcad just bounced off dail 10 ema
hope for the best and expect the worst.
  • #7,165
  • Mar 12, 2015 9:05am Mar 12, 2015 9:05am
Quoting alayinizAMK
{quote} based on TA jpy is one of my favorites but have no idea on how this is doing fundamentally. If Fed skips rates once more then i will begin to consider jpy but against eur or chf in first place.
Well there seems to besome resistance at the 4H 50 ema so I'm keeping my cadjpy shorts .... come on baby pips
hope for the best and expect the worst.
  • #7,166
  • Mar 12, 2015 9:29am Mar 12, 2015 9:29am
usd/nok try to tell something here. 5th wave extensions usually ends with a double top so maybe long for some baby pips. But shorts look better for a while. I am done going long on any usd pair this week and maybe next up to fed. If u have acces to eur/nok look at it looks big time.

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  • #7,167
  • Mar 12, 2015 9:37am Mar 12, 2015 9:37am
and as the usd/nok buying stops it also have inderect effect on eur/nok as you can se already. So even if dollar goes up or down eur/nok might very well be heading south. That the dollar buying takes a break becames a plus in this situation.
  • #7,168
  • Mar 12, 2015 10:30am Mar 12, 2015 10:30am
Quoting usdoutlaw
{quote} Well there seems to besome resistance at the 4H 50 ema so I'm keeping my cadjpy shorts .... come on baby pips
That one seems to be arguing a little. You will come out good tho I reckon.
  • #7,169
  • Mar 12, 2015 10:33am Mar 12, 2015 10:33am
Quoting alayinizAMK
and as the usd/nok buying stops it also have inderect effect on eur/nok as you can se already. So even if dollar goes up or down eur/nok might very well be heading south. That the dollar buying takes a break becames a plus in this situation.
I guess so but oil might be a factor? Norway drills oil from the North sea?

If norway is the canada of europe then I say go for it but the EUR is so weak. 10 cent decline against the dollar in the last two weeks. I mean I expect a bounce but not too dramatic. maybe to the daily 20 EMA and then you need to rethink your eurnok strategy
hope for the best and expect the worst.
  • #7,170
  • Mar 12, 2015 10:35am Mar 12, 2015 10:35am
My longs from Tuesday and Wednesday were stopped out with a few shekels.
  • #7,171
  • Mar 12, 2015 10:44am Mar 12, 2015 10:44am
Quoting usdoutlaw
{quote} I guess so but oil might be a factor? Norway drills oil from the North sea? If norway is the canada of europe then I say go for it but the EUR is so weak. 10 cent decline against the dollar in the last two weeks. I mean I expect a bounce but not too dramatic. maybe to the daily 20 EMA and then you need to rethink your eurnok strategy
dont know i must be the only one observing the fact that news did fake all traders shorting eur/majors. Where oil currencies should be SO risky atm it seems cad did better than most and nok even gained against so heavy eur buying.
  • #7,172
  • Mar 12, 2015 11:10am Mar 12, 2015 11:10am
im begining to think that fed is willingly going to take a hit on dollars run by being negative about the rate. They will do anything to give stocks more value and time
  • #7,173
  • Mar 12, 2015 11:30am Mar 12, 2015 11:30am
Quoting digger1
{quote} That one seems to be arguing a little. You will come out good tho I reckon.
it was a sloppy trade ... I mean I used my thumb and fingers for goodness sake. But seems to be working now. Im in at 84 and 60 and looking for huge pips now since I was on the verge of having a heart attack for the last 2 hours. I think it owes my around a nickel for taking a couple years off my life span
hope for the best and expect the worst.
  • #7,174
  • Mar 12, 2015 11:31am Mar 12, 2015 11:31am
Quoting alayinizAMK
im begining to think that fed is willingly going to take a hit on dollars run by being negative about the rate. They will do anything to give stocks more value and time
really? if they do that they are admitting that the financial recovery so far is a farce. There is no way. It seems to be all about wage and god forbid the rich let it trickle down to the hourly workers who spend the most by %.
hope for the best and expect the worst.
  • #7,175
  • Mar 12, 2015 11:35am Mar 12, 2015 11:35am
Quoting usdoutlaw
{quote} it was a sloppy trade ... I mean I used my thumb and fingers for goodness sake. But seems to be working now. Im in at 84 and 60 and looking for huge pips now since I was on the verge of having a heart attack for the last 2 hours. I think it owes my around a nickel for taking a couple years off my life span
Ha, too funny man , it will be fine
  • #7,176
  • Mar 12, 2015 3:23pm Mar 12, 2015 3:23pm
short sl 1.272 tp 1.254
  • #7,177
  • Mar 13, 2015 6:54am Mar 13, 2015 6:54am
Quoting usdoutlaw
{quote} it was a sloppy trade ... I mean I used my thumb and fingers for goodness sake. But seems to be working now. Im in at 84 and 60 and looking for huge pips now since I was on the verge of having a heart attack for the last 2 hours. I think it owes my around a nickel for taking a couple years off my life span
Hope your holding up alrite man, tht cadjpy kind of a choppy ride , tried to help you some , took a few shts at 95.50 , have cut a few before the news here tho, . Back in some usdcad longs at .127 , starting to trim them before the news too. Hope all is well for you, have a good day all.
  • #7,178
  • Mar 13, 2015 7:07am Mar 13, 2015 7:07am
Quoting digger1
{quote}Hope your holding up alrite man, tht cadjpy kind of a choppy ride , tried to help you some , took a few shts at 95.50 , have cut a few before the news here tho, . Back in some usdcad longs at .127 , starting to trim them before the news too. Hope all is well for you, have a good day all.
Don't cut, it's going to 1.28 with bad report and lower oil price
It takes a lot for me to IGNORE you, but you can try.
  • #7,179
  • Mar 13, 2015 7:10am Mar 13, 2015 7:10am
Quoting Erebus
{quote} Don't cut, it's going to 1.28 with bad report and lower oil price
thanks, Im, reasonably sure of that , but I was in pretty heavy , just cutting the risk down is all I was doing .
  • #7,180
  • Mar 13, 2015 7:33am Mar 13, 2015 7:33am
Welp, that should slow it a bit
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