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USD/CAD

  • #7,181
  • Mar 13, 2015 7:40am Mar 13, 2015 7:40am
Quoting Erebus
{quote} Don't cut, it's going to 1.28 with bad report and lower oil price
Was a little concerned with the way the 4 hour was looking. did get a short off at 1.2740, will see how far she goes . Probably try for last weeks high .1.2625 or so .
  • #7,182
  • Mar 13, 2015 8:12am Mar 13, 2015 8:12am
Quoting digger1
Welp, that should slow it a bit
Sorry to read that you are on the wrong side of the news. But the market reaction is not as expected either. Maybe the drop in oil prices is now showing up in the numbers. But you would think people with fancy economic degrees would have adjusted their forecasts for oil. But they didnt predict the great recession either.

BBut my take is that canadians lost jobs. Oil prices are going down and they will continue to lose jobs due to oil. It just hasnt shown up in their numbers yet because they are canadian numbers and canadian numbers are slow b3cause canadians are slow.

I took the night off and didn't make any trades so everything cad is a surprise this morning.
hope for the best and expect the worst.
  • #7,183
  • Mar 13, 2015 8:20am Mar 13, 2015 8:20am
Quoting usdoutlaw
{quote} Sorry to read that you are on the wrong side of the news. But the market reaction is not as expected either. Maybe the drop in oil prices is now showing up in the numbers. But you would think people with fancy economic degrees would have adjusted their forecasts for oil. But they didnt predict the great recession either. BBut my take is that canadians lost jobs. Oil prices are going down and they will continue to lose jobs due to oil. It just hasnt shown up in their numbers yet because they are canadian numbers and canadian numbers are slow...
Im in good shape , had pretty much took all the risk off by then, have the short going , see where that goes lol. Been a great week, even traded a pair I never traded before and made a few shekels.
  • #7,184
  • Mar 13, 2015 8:27am Mar 13, 2015 8:27am
Quoting digger1
{quote} Was a little concerned with the way the 4 hour was looking. did get a short off at 1.2740, will see how far she goes . Probably try for last weeks high .1.2625 or so .
WTI crude broke support and is stuck at another support level so I would think the CAD wont make any drastic moves today given that the numbers were mixed.

I am still short cadjpy but not adding .... still long usdcad but dont want to add at these levels before the fomc thing next week
hope for the best and expect the worst.
  • #7,185
  • Mar 13, 2015 8:33am Mar 13, 2015 8:33am
Quoting usdoutlaw
{quote} WTI crude broke support and is stuck at another support level so I would think the CAD wont make any drastic moves today given that the numbers were mixed. I am still short cadjpy but not adding .... still long usdcad but dont want to add at these levels before the fomc thing next week
I don't suspect it will go too far , Friday just little positions now , lol
  • #7,186
  • Mar 13, 2015 8:42am Mar 13, 2015 8:42am
Cranking now again, lol
  • #7,187
  • Mar 13, 2015 8:48am Mar 13, 2015 8:48am
Quoting digger1
Cranking now again, lol
whao the dollar is going for it. I guess you can't stop the trend until you can stop the trend.
hope for the best and expect the worst.
  • #7,188
  • Mar 13, 2015 8:51am Mar 13, 2015 8:51am
Quoting usdoutlaw
{quote} whao the dollar is going for it. I guess you can't stop the trend until you can stop the trend.
Ha for sure man, tis no arguing with that.
  • #7,189
  • Mar 13, 2015 8:54am Mar 13, 2015 8:54am
Quoting digger1
{quote} Ha for sure man, tis no arguing with that.
anyway nothing for me to do today fx wise ... hopefully oil will not double bottom next week

tootles
hope for the best and expect the worst.
  • #7,190
  • Mar 13, 2015 8:55am Mar 13, 2015 8:55am
Quoting usdoutlaw
{quote} anyway nothing for me to do today fx wise ... hopefully oil will not double bottom next week tootles
Have a good weekend man.
  • #7,191
  • Mar 13, 2015 10:23am Mar 13, 2015 10:23am
Anybody else see that spike down?

Came down just enough to hit my SL, then went back up...and now looks poised to break the highs...
  • #7,192
  • Mar 13, 2015 10:24am Mar 13, 2015 10:24am
Quoting Tsudo
Anybody else see that spike down? Came down just enough to hit my SL, then went back up...and now looks poised to break the highs...
I saw it, was just watching PA, lucky me, my broker is Pepperstone, yours?
  • #7,193
  • Mar 13, 2015 10:36am Mar 13, 2015 10:36am
Quoting mellyfx
{quote} I saw it, was just watching PA, lucky me, my broker is Pepperstone, yours?
I'm using Oanda's MT4..

just wanted to make sure it wasn't just me...whelp...looks like I'm done for today; trying to deter myself from trading fridays...this helps.

Green pips y'all! Have a good weekend!
  • #7,194
  • Mar 13, 2015 10:56am Mar 13, 2015 10:56am
Quoting Tsudo
{quote} I'm using Oanda's MT4.. just wanted to make sure it wasn't just me...whelp...looks like I'm done for today; trying to deter myself from trading fridays...this helps. Green pips y'all! Have a good weekend!
good luck, I am done too
  • #7,195
  • Mar 13, 2015 2:50pm Mar 13, 2015 2:50pm
Think its good time for range trading

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 30 KB
  • #7,196
  • Mar 13, 2015 3:11pm Mar 13, 2015 3:11pm
possibly not so wide range, more like this

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 32 KB
  • #7,197
  • Mar 15, 2015 3:18pm Mar 15, 2015 3:18pm
Red news all week long.
  • #7,198
  • Mar 16, 2015 4:06am Mar 16, 2015 4:06am
Think buying up to fed meeting is wise. I don't expect interest to change but we will find out. If unchanged dollar will drop fast imo.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH10.png Size: 21 KB
  • #7,199
  • Mar 16, 2015 7:15am Mar 16, 2015 7:15am
Quoting alayinizAMK
Think buying up to fed meeting is wise. I don't expect interetto change but we will find out. If unchanged dollar will drop fast imo. {image}
Dollar bull momentum has stalled overnight. I am looking for a pull back to your a A C area before fed minutes. If unchanged I think it is wise to wait a day to determine direction.

So if I weren't long I would short with a2650 2660 target. Optimal entry would prob be around2790 2800 it could still go back up there this morning. Trading cadjpy? Im not sure. Still looks like a short even tho there is temp support at 9450 9460
hope for the best and expect the worst.
  • #7,200
  • Mar 16, 2015 7:27am Mar 16, 2015 7:27am
Quoting usdoutlaw
{quote} Dollar bull momentum has stalled overnight. I am looking for a pull back to your a A C area before fed minutes. If unchanged I think it is wise to wait a day to determine direction. So if I weren't long I would short with a2650 2660 target. Optimal entry would prob be around2790 2800 it could still go back up there this morning. Trading cadjpy? Im not sure. Still looks like a short even tho there is temp support at 9450 9460
long 2769sl 2745. Ill give it a chance.
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