This pair is ranging very well right now, it's easy money. Instead of predicting long term, just play the levels with good SL and enjoy the blessing.
Both USDCHF & USDCAD is in range today & i lost 30 pips because of that. There can be spike due to news release on USD. I am holding my short position until 1.2560-30. This is my last chance for the day.
Discussion is an exchange of knowledge;argument is an exchange of ignorance
- #7,386
- Apr 14, 2015 6:04am Apr 14, 2015 6:04am
This pair is ranging very well right now, it's easy money. Instead of predicting long term, just play the levels with good SL and enjoy the blessing.
{quote} All I know is once the snow let up, I started to buy stuff for spring from clothing stores and home depot. And the price of eggs and meats and fresh fruits and hygenic products increased in price without any substantial discount promotional sale prices. But thats not PPI that's CPI
- #7,387
- Apr 14, 2015 6:39am Apr 14, 2015 6:39am
Seems that the Retails Sales could continue helping the USD even if the PPI is less likely to print strong numbers. The USDCAD is likely capped by the descending trend-line and could test 1.2500 soon. {image}
good call me anil.
- #7,389
- Apr 14, 2015 8:29am Apr 14, 2015 8:29am
- Joined May 2012 | Status: Senior Member | 3,112 Posts
With the current momentum and with Oil climbing all the way from the bottom, USD/CAD will break the strong support at 1.2380 next week and will be heading south for a minimum 200 - 300 pips! I'm short from 1.2618 and looking for 1.23 as a first target Best of luck!
well i have been accused by multiple accounts over here to be unrealistic and stupid for calling the down move, heck i was even accused to mislead people!Well picking tops and bottoms isn't a skill that everyone can possess and the "dead cat bounce" seems to have killed the long of the one who said it
!Anyway, looking forward for 1.23 to close my trade in 300+ pips profit
- #7,390
- Apr 14, 2015 8:42am Apr 14, 2015 8:42am
{quote} 1.23 is still being my target
Never follow the herd, as most parts of the herds won`t make money from trading forex. Do not listen to other people, unless they are proven to be skilled in trading. Follow your own way.I am excited to see how low the USDCAD will go before it turns north again. I hope you are trailing/locking in your profits
Do not let the cost of being wrong, exceed the prize of beeing right
- #7,391
- Apr 14, 2015 11:12am Apr 14, 2015 11:12am
- Joined May 2012 | Status: Senior Member | 3,112 Posts
{quote} It is excellent trading from your side. You obviously have your own way/system/edge of trading
Of course i have looked in my profits, in fact i have added some more shorts @ 1.2496 and planning to add more @ 1.2510
All the best!
- #7,392
- Apr 14, 2015 12:00pm Apr 14, 2015 12:00pm
{quote} Well if there is something i learnt in this market it would be NEVER FOLLOW OTHERS! trust your own system and take trades accordingly
- #7,394
- Apr 14, 2015 2:02pm Apr 14, 2015 2:02pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #7,395
- Apr 14, 2015 2:13pm Apr 14, 2015 2:13pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #7,396
- Apr 14, 2015 2:42pm Apr 14, 2015 2:42pm
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #7,397
- Apr 14, 2015 9:20pm Apr 14, 2015 9:20pm
- Joined Jul 2013 | Status: Trader | 1,731 Posts
{quote} good call me anil.
