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USD/CAD

  • #7,401
  • Apr 15, 2015 6:20am Apr 15, 2015 6:20am
Quoting duderoo1
{quote} News is still 1.5 hours away.
Anything less than 24 hours I call it "soon"
  • #7,402
  • Apr 15, 2015 6:22am Apr 15, 2015 6:22am
Quoting mamalujo
{quote} my short is from 2528, sl 2580, tp below 2390, but im sure BOC will cause some frenzy
I usually avoid open position when news being released..
I open for UCAD small lot, worth the risk I reckon..
Wish the best for us
Cheers.
  • #7,403
  • Apr 15, 2015 6:32am Apr 15, 2015 6:32am
Quoting Idkurv
{quote} Anything less than 24 hours I call it "soon"
  • #7,404
  • Apr 15, 2015 6:32am Apr 15, 2015 6:32am
Quoting Idkurv
{quote} I usually avoid open position when news being released.. I open for UCAD small lot, worth the risk I reckon.. Wish the best for us Cheers.
May jump in on a small lot size, and hopefully I can make some with you.
  • #7,405
  • Apr 15, 2015 6:41am Apr 15, 2015 6:41am
Hey guys I am new to this stuff.. but trading is so boring. I trade the GU as my first pair and the UCaD too... Soon expecting the cad to go short. the confluence with th e GU is that the GU will then shoot up long.... CAD turnign at approx 1.25427 short to 1.2434..
  • #7,406
  • Apr 15, 2015 6:42am Apr 15, 2015 6:42am
Add short UCAD if touch 1.255, tp no change 1.24
Small lot only.
"Risky trade" as news is approaching..
  • #7,407
  • Apr 15, 2015 7:05am Apr 15, 2015 7:05am
Quoting Idkurv
Add short UCAD if touch 1.255, tp no change 1.24 Small lot only. "Risky trade" as news is approaching..
Following you with a small lot.
  • #7,408
  • Apr 15, 2015 7:32am Apr 15, 2015 7:32am
Quoting Davit
Took much needed break from posting and trading with vengeance. What I learned that you don't need too many pairs to trade.Since Jan 15 I traded 100% UCAD and 100% short in all my trades. As you can see from chart UC is in a range 2450-28 more recently 25-27 I am a range trader and do think US dollar is overbought and US economy oversold in media about our recovery. Markets trend on news with healthy dose of sudden drops up or down.My best advise is follow the news and be update and understand what you are trading. Will short UC from 2530 and up...
Well done, Davit.
Good to have you back!
Be water, my friend
  • #7,409
  • Apr 15, 2015 8:57am Apr 15, 2015 8:57am
Quoting Davit
Took much needed break from posting and trading with vengeance. What I learned that you don't need too many pairs to trade.Since Jan 15 I traded 100% UCAD and 100% short in all my trades. As you can see from chart UC is in a range 2450-28 more recently 25-27 I am a range trader and do think US dollar is overbought and US economy oversold in media about our recovery. Markets trend on news with healthy dose of sudden drops up or down.My best advise is follow the news and be update and understand what you are trading. Will short UC from 2530 and up...
ya Davit I think this is about to turn down as well. The resiliance of the 1.235 area is nothing short of astounding with bad data from US and ultimate dovishness from Yellen. I think once those stops are triggered we could be in for a waterfall effect
  • #7,410
  • Edited 9:30am Apr 15, 2015 9:18am | Edited 9:30am
Quoting spocktrader
{quote} Well done, Davit. Good to have you back!
Thanks bro
Yes I am doing real well.Just building my account!I intend to post but not as often as before.I spent 5months just reading news and seeing its reaction on charts.Beats any system for me.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #7,411
  • Apr 15, 2015 9:19am Apr 15, 2015 9:19am
Quoting iNSIELD
{quote} ya Davit I think this is about to turn down as well. The resiliance of the 1.235 area is nothing short of astounding with bad data from US and ultimate dovishness from Yellen. I think once those stops are triggered we could be in for a waterfall effect
Hi friend
I closed 4 shorts from 2530 and 2550 at 2450
Overall up 35% this month.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #7,412
  • Apr 15, 2015 9:22am Apr 15, 2015 9:22am
Took a short, i know there is a big support there. Looking for a break out.
  • #7,413
  • Apr 15, 2015 9:25am Apr 15, 2015 9:25am
Quoting tankokjian
Took a short, i know there is a big support there. Looking for a break out.
I think you should wait for bounce for further shorts.Don't get crashed at the bottom
2490+ideal
regards
In trading, you have to be defensive and aggressive at the same time
  • #7,414
  • Apr 15, 2015 9:30am Apr 15, 2015 9:30am
Quoting davit
{quote} i think you should wait for bounce for further shorts.don't get crashed at the bottom 2490+ideal regards
i know exactly what you mean bro , im prepared to close anytime with a loss
  • #7,415
  • Apr 15, 2015 9:33am Apr 15, 2015 9:33am
Quoting tankokjian
{quote} i know exactly what you mean bro , im prepared to close anytime with a loss
There is press conference 11.15am and there is big X factor.Its very likely Canada likes weak CD and tone will be dovish.
Reason for the bounce at least that's what I anticipate.Heavy dumping of USD now...looks like stops are getting hit
In trading, you have to be defensive and aggressive at the same time
  • #7,416
  • Apr 15, 2015 9:34am Apr 15, 2015 9:34am
Quoting davit
{quote} there is press conference 11.15am and there is big x factor.its very likely canada likes weak cd and tone will be dovish. Reason for the bounce.
yes, 45mins all positions closed
  • #7,417
  • Apr 15, 2015 9:39am Apr 15, 2015 9:39am
Quoting Idkurv
Add short UCAD if touch 1.255, tp no change 1.24 Small lot only. "Risky trade" as news is approaching..
Closed UCAD early at 1.2425sh
Alternatively, move SL, or partial closing, and see if 1.24 will be reached..
  • #7,418
  • Edited 10:21am Apr 15, 2015 10:08am | Edited 10:21am
Just heads up on some basic principle
Last 20days UC traveled 103 pips and today 163 !! This means that Bear action is already overextended.
Not saying it won't go further south but not very likely.In trading terms sell now is not high probability trade
on H4 we got 3 touches of support and RSI and BB at the bottom
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 51 KB
In trading, you have to be defensive and aggressive at the same time
  • #7,419
  • Apr 15, 2015 10:25am Apr 15, 2015 10:25am
Quoting mamalujo
{quote} my short is from 2528, sl 2580, tp below 2390, but im sure BOC will cause some frenzy
exited my shorts with 150 pips and took a long at 2384
  • #7,420
  • Apr 15, 2015 10:35am Apr 15, 2015 10:35am
Quoting Davit
Took much needed break from posting and trading with vengeance. What I learned that you don't need too many pairs to trade.Since Jan 15 I traded 100% UCAD and 100% short in all my trades. As you can see from chart UC is in a range 2450-28 more recently 25-27 I am a range trader and do think US dollar is overbought and US economy oversold in media about our recovery. Markets trend on news with healthy dose of sudden drops up or down.My best advise is follow the news and be update and understand what you are trading. Will short UC from 2530 and up...
Dear Brother Davit very very happy to see you again ...and I will just say wow !!!because from your patience nature I am learning to wait in the market before taking a good entry. I've learn a lot from your post ...and very happy to see your logical patience trading entry ......best wish for you from my heart..
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