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USD/CAD

  • #7,241
  • Mar 18, 2015 11:54am Mar 18, 2015 11:54am
Quoting usdoutlaw
Hello, -3.1%. Worst wholesale number in like forever. No inflation, hello. Rate cut, hello. Cad bears ..... hello?
I've been a CAD bear from about 95.420 and added more @ 94.758 [CADJPY]

I'll admit that its been a bit of a nervous trade. Very volatile and waiting through that range recently was like pulling teeth.
  • #7,242
  • Mar 18, 2015 12:11pm Mar 18, 2015 12:11pm
Quoting Commander
{quote} I've been a CAD bear from about 95.420 and added more @ 94.758 [CADJPY] I'll admit that its been a bit of a nervous trade. Very volatile and waiting through that range recently was like pulling teeth.
I feel the same anxiety. I'm avgd at 95.70 and I missed the short add at 95.12 yesterday. I am thinking this pair owes me a nickle for all this waiting. Plus the recent weekly candles looks really bearish after the bounce off the monthly 50 EMA.

My target is the weekly lower bollinger for half and the rest at the monthly lower bollinger, hopefully. If their is any bullish behsvior after that im putting a stop at the same half price. Hopefully at least 500 pips
hope for the best and expect the worst.
  • #7,243
  • Mar 18, 2015 12:32pm Mar 18, 2015 12:32pm
After this trade. I'm have to admit I'm turned off from CAD pairs. At least until they settle down.
  • #7,244
  • Mar 18, 2015 12:52pm Mar 18, 2015 12:52pm
Quoting alayinizAMK
The green lines are the orderly patterns humans brain would expect to see. But already at D strong sell could appear and go for areas outside this triangle nothing for sure though. A drop will make a very good chance for rebuy as i think the price will be pushed back to the triangle somehow. Now long i will sell close to D if it goes as expected. {image}
heads up this looks like a drop outside the triangle and could get back there after or duringn fed.. if a fast drop i will get ready to buy. Btw 2830 worked out pretty well but it took some time.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM303.png Size: 19 KB
  • #7,245
  • Mar 18, 2015 12:53pm Mar 18, 2015 12:53pm
Quoting alayinizAMK
{quote} heads up this looks like a drop outside the triangle and could get back there after or duringn fed.. if a fast drop i will get ready to buy. Btw 2830 worked out pretty well but it took some time. {image}
lol sorry about the E
  • #7,246
  • Mar 18, 2015 1:20pm Mar 18, 2015 1:20pm
if we reach 2600 and it looks right i think i go long
  • #7,247
  • Mar 18, 2015 1:22pm Mar 18, 2015 1:22pm
Guys usdcad was obvious
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 40 KB
Click to Enlarge Name: KOD.JPG Size: 68 KB
  • #7,248
  • Mar 18, 2015 1:33pm Mar 18, 2015 1:33pm
Quoting Rid.
Guys usdcad was obvious {image} {image}
There is news right now, all trendlines go all out the window, lol.
  • #7,249
  • Mar 18, 2015 1:43pm Mar 18, 2015 1:43pm
Quoting Commander
After this trade. I'm have to admit I'm turned off from CAD pairs. At least until they settle down.
I just got short some more cadjpyat 9550 while i was driving ... weird

Now i dont like it cuz yellen dont like the dollar
hope for the best and expect the worst.
  • #7,250
  • Mar 18, 2015 1:47pm Mar 18, 2015 1:47pm
Yellen is a canadian at heart. The US needs an American fed governor.

And oanda could have at least given me my 2600 buy limit. Oanda is also unamerican
hope for the best and expect the worst.
  • #7,251
  • Mar 18, 2015 1:53pm Mar 18, 2015 1:53pm
Quoting julesocean
{quote} There is news right now, all trendlines go all out the window, lol.
This chart shows that this line brake is imminent
  • #7,252
  • Mar 18, 2015 1:53pm Mar 18, 2015 1:53pm
I got out on that trade. My initial entry was stopped out at break even and I took a loss on the add. Technically was a good trade but I should have closed it earlier before the news while I had a nice profit. Lesson learned on to the next trade.
  • #7,253
  • Mar 18, 2015 1:55pm Mar 18, 2015 1:55pm
Quoting usdoutlaw
Yellen is a canadian at heart. The US needs an American fed governor. And oanda could have at least given me my 2600 buy limit. Oanda is also unamerican
Canada is the property of the queen
  • #7,254
  • Mar 18, 2015 1:56pm Mar 18, 2015 1:56pm
Long live the Queen! I would appreciate if she bet in my direction next time though
  • #7,255
  • Mar 18, 2015 2:23pm Mar 18, 2015 2:23pm
Quoting Commander
Long live the Queen! I would appreciate if she bet in my direction next time though
Yeah well she is going to cause hyper inflation before she raises rates. Hello $50 Pepsi cans.

I'm still short and i really hate it
hope for the best and expect the worst.
  • #7,256
  • Mar 18, 2015 2:25pm Mar 18, 2015 2:25pm
Quoting usdoutlaw
{quote} Yeah well she is going to cause hyper inflation before she raises rates. Hello $50 Pepsi cans. I'm still short and i really hate it
Know the feeling. I wanted to kick myself when it reversed and I watched all that profit vanish. I try to remind myself its a marathon not a sprint. The goal is to be up for the month not the day.
  • #7,257
  • Mar 18, 2015 3:00pm Mar 18, 2015 3:00pm
Quoting Commander
{quote} Know the feeling. I wanted to kick myself when it reversed and I watched all that profit vanish. I try to remind myself its a marathon not a sprint. The goal is to be up for the month not the day.
You were right to be scared. It was and still is a huge over reaction unwinding of the previous short. It seemed like no one want to touch the opposite side of the trade

Heck i was and still am worried. Look at it eurusd 400 pip from lows ... usdcad 350 pips from highs. Yellen screwed every dollar bull out there.
hope for the best and expect the worst.
  • #7,258
  • Mar 18, 2015 3:01pm Mar 18, 2015 3:01pm
long 2571 sl 2538
  • #7,259
  • Mar 18, 2015 3:04pm Mar 18, 2015 3:04pm
hit
  • #7,260
  • Mar 18, 2015 3:07pm Mar 18, 2015 3:07pm
Holy moly they went for the after close stops.


This is out of control. Usdcad just hit the weekly 10 ema
hope for the best and expect the worst.
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