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USD/CAD

  • #7,301
  • Mar 24, 2015 9:23am Mar 24, 2015 9:23am
LOL... they ran the stops before the support ... unbelievable

Almost shook me out cadjpy short

I hate dollar bears
hope for the best and expect the worst.
  • #7,302
  • Mar 25, 2015 3:55am Mar 25, 2015 3:55am
Seems that the USDCAD could re-test 1.2450 support soon.
Attached Image (click to enlarge)
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  • #7,303
  • Mar 25, 2015 11:19am Mar 25, 2015 11:19am
*sigh* right back to support. A false breakout provided by Yellen and her credit bubble creating minions.

Even a terrible oil stock report won't help. Demand and supply pricing theory fly right out the window.

Adding more usdcad longs and cadjpy shorts is getting really expensive.
hope for the best and expect the worst.
  • #7,304
  • Mar 26, 2015 9:28am Mar 26, 2015 9:28am
Quoting alayinizAMK
{quote} cmon this line is not that untechnical. I am not the one who is going to challenge top of B, if ppl want they be my guest. Boom is done and the bust is no way near over imo just because fed said something that moved yesterday that already was expected a week ago do not mean we wont see lower prices. {image}
Welp I can't see a tech pattern other than alayinizamk's sharp downtrend resistance. (cheers to you btw)

Marry that to the previous consolidation support and the weekly 10 EMA bounce and I bought some more ahead of the GDP number tomorrow. I am putting all my contracts on a round number stop of 2000. I will make some $$ but not the pie in the sky $$ I was hoping for.

Maybe I was too excited about the long. But it seems I will need to keep trading the rest of the year rather than hang with my kids this summer.
hope for the best and expect the worst.
  • #7,305
  • Mar 26, 2015 11:34pm Mar 26, 2015 11:34pm
Quoting usdoutlaw
{quote} Welp I can't see a tech pattern other than alayinizamk's sharp downtrend resistance. (cheers to you btw) Marry that to the previous consolidation support and the weekly 10 EMA bounce and I bought some more ahead of the GDP number tomorrow. I am putting all my contracts on a round number stop of 2000. I will make some $$ but not the pie in the sky $$ I was hoping for. Maybe I was too excited about the long. But it seems I will need to keep trading the rest of the year rather than hang with my kids this summer.
Keep the faith man, I finally bought a few around last weeks low, I ve got that at 1.2447, haven't been able to post much last little while , lets get it back to the highs and beyond lol, hope your doing well man , cheers
  • #7,306
  • Mar 27, 2015 7:40am Mar 27, 2015 7:40am
an uninspiring US GDP number might mean more doldrums today

now I see the risk in the US and CAD inflation numbers on monday ... whao whao whao
hope for the best and expect the worst.
  • #7,307
  • Mar 27, 2015 10:39am Mar 27, 2015 10:39am
don't get why the hell but this going up a bit imo
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  • #7,308
  • Mar 27, 2015 10:48am Mar 27, 2015 10:48am
Quoting usdoutlaw
{quote} Welp I can't see a tech pattern other than alayinizamk's sharp downtrend resistance. (cheers to you btw) Marry that to the previous consolidation support and the weekly 10 EMA bounce and I bought some more ahead of the GDP number tomorrow. I am putting all my contracts on a round number stop of 2000. I will make some $$ but not the pie in the sky $$ I was hoping for. Maybe I was too excited about the long. But it seems I will need to keep trading the rest of the year rather than hang with my kids this summer.
I was also very bullish before crude got my attention and fed made me anxious. I recall this dream very well i was expecting something like usd/rub dam it outlook of new oil cycle looks to make this even worse now.
  • #7,309
  • Mar 30, 2015 4:10am Mar 30, 2015 4:10am
looking for some lower prices

Attached Image (click to enlarge)
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  • #7,310
  • Mar 30, 2015 6:29am Mar 30, 2015 6:29am
Resistance @ 1.2644... I'm waiting for the 4 hour candle to close below 1.2616 to trigger my short entry.
Attached Image (click to enlarge)
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  • #7,311
  • Mar 30, 2015 7:14am Mar 30, 2015 7:14am
I wonder what the price action will do if bad inflation numbers affect both US and Canada

Anyway, hoping for good us cpi and bad cad rpi. Basically good US cpi or pce whatever it is today because I got short Eur on friday. So long usd all the way. Please Yellen?
hope for the best and expect the worst.
  • #7,312
  • Mar 30, 2015 7:36am Mar 30, 2015 7:36am
Quoting alayinizAMK
{quote} I was also very bullish before crude got my attention and fed made me anxious. I recall this dream very well i was expecting something like usd/rub dam it outlook of new oil cycle looks to make this even worse now.
Well it's nice to dream isn't it?

I am still not convinced the oil price decline is over. But there is definitely a reluctance to sell off at this level. Which is definitely disappointing.
hope for the best and expect the worst.
  • #7,313
  • Mar 30, 2015 7:44am Mar 30, 2015 7:44am
Quoting digger1
{quote} Keep the faith man, I finally bought a few around last weeks low, I ve got that at 1.2447, haven't been able to post much last little while , lets get it back to the highs and beyond lol, hope your doing well man , cheers
Thanks.

Thats a good entry. 200 pips so far.
hope for the best and expect the worst.
  • #7,314
  • Mar 30, 2015 10:37am Mar 30, 2015 10:37am
Gotta love the relentless bid on the usdcad. 1.27000 woooo
hope for the best and expect the worst.
  • #7,315
  • Mar 30, 2015 6:20pm Mar 30, 2015 6:20pm
Quoting usdoutlaw
Gotta love the relentless bid on the usdcad. 1.27000 woooo
Wish I would have waited till then to short it. I'm short at 1.2615. I think it has topped now and will go to my target at 1.2188, probably much more. It should NOT go to 1.2757 for my analysis to be correct.
  • #7,316
  • Mar 31, 2015 12:52am Mar 31, 2015 12:52am
Quoting Zappa
{quote} Wish I would have waited till then to short it. I'm short at 1.2615. I think it has topped now and will go to my target at 1.2188, probably much more. It should NOT go to 1.2757 for my analysis to be correct.
You might be going the wrong way with that trade for the time being. Because the daily 10 and 20 emas crossed to the upside suggesting momentum is on the dollar bulls side.

But I am expecting a pull back in a couple hours since the hourly and 4H charts suggest the pair has been over bought without any significant news to support the current price action.
hope for the best and expect the worst.
  • #7,317
  • Mar 31, 2015 2:25am Mar 31, 2015 2:25am
Quoting Zappa
{quote} Wish I would have waited till then to short it. I'm short at 1.2615. I think it has topped now and will go to my target at 1.2188, probably much more. It should NOT go to 1.2757 for my analysis to be correct.

Good luck on that... think you may end up quids out of pocket
  • #7,318
  • Mar 31, 2015 5:46am Mar 31, 2015 5:46am
Wow, I have been waiting all night for a pull back so I can add, but this thing is so bid. 4H doesn't even come close to touching 10 ema.

I guess everyone is expecting a terrible gdp out of canada. Maybe I will get a chance after the gdp report.

On a different note, my cadjpy short is working really nice. Maybe I will get the nickel it owes me soon, since it was so reluctant to go my way last week.
hope for the best and expect the worst.
  • #7,319
  • Mar 31, 2015 9:52am Mar 31, 2015 9:52am
Took a short on USD/CAD.Expected to down 200 pips from this level
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  • #7,320
  • Mar 31, 2015 9:53am Mar 31, 2015 9:53am
Looks like still some more way down

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