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USD/CAD

  • #7,441
  • Apr 15, 2015 12:25pm Apr 15, 2015 12:25pm
Quoting fxmasterdxb
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!
Doooneee first target reached
  • #7,442
  • Apr 15, 2015 12:37pm Apr 15, 2015 12:37pm
HOLY SH*T UCAD!!! You bastard you. Had a pending long for a few days at 1.24 with at SL 1.23 to ride range back up and lets just say I got MURDERED while at class today... entire weeks profits gone you win today markets....
  • #7,443
  • Apr 15, 2015 12:40pm Apr 15, 2015 12:40pm
Quoting John-Specter
wow this went south quick ..... almost 300 pips ..... are we going to see 1.20 soon ??
Pretty crazy. I didn't reach my TP but still nice profit and got out of my long before news. Seems like most were short here, so lots of money for everyone.
  • #7,444
  • Apr 15, 2015 12:56pm Apr 15, 2015 12:56pm
http://i.imgur.com/UK5PTAq.png
http://i.imgur.com/UapItPU.png
  • #7,445
  • Apr 15, 2015 1:03pm Apr 15, 2015 1:03pm
Quoting Davit
Lots of key data release on CAD tomorrow I anticipate push north 2530-50 then dump
Wine is always better with age. Very sensory kin Davit
  • #7,446
  • Apr 15, 2015 1:22pm Apr 15, 2015 1:22pm
Quoting fxmasterdxb
{quote} Doooneee first target reached
Wonderful
  • #7,447
  • Apr 15, 2015 1:35pm Apr 15, 2015 1:35pm
Testing a short-term long for the usd/cad at 1.22980. Manual soft SL, hard SL at 1.22650.

Targets are 1.2350, 1.2400/1.2380, 1.24500, 1.2500, 1.2550. Price might swerve halfway between my targets, so that's something to be wary of.

Current TP is set at 1.2500. It's doubtful we'll reach it within the week for now, but it's for a just-in case scenario if we get a huge bounce back up.

Update: Loonie being bought/sold several hundred pips in any direction usually offers couple dozen pips to pick up following a trade from the respective top/bottom due to price reactive bounce. Only question is whether the small bounce will lead to further retracement or another movement down.
  • #7,448
  • Apr 15, 2015 1:37pm Apr 15, 2015 1:37pm
Quoting Vermillion
Testing a short-term long for the usd/cad at 1.22980. Manual soft SL, hard SL at 1.22650. Targets are 1.2350, 1.2400/1.2380, 1.24500, 1.2500, 1.2550. Price might swerve halfway between my targets, so that's something to be wary of. Current TP is set at 1.2500. It's doubtful we'll reach it within the week for now, but it's for a just-in case scenario if we get a huge bounce back up.
Waiting for PA to push to 1.2350/70 zone to enter new fresh shorts
  • #7,449
  • Apr 15, 2015 1:40pm Apr 15, 2015 1:40pm
Quoting Decima
{quote} Congratulations man. Well traded. Very impressive
Thanks! hope you managed to grab some green pips out of this crash
  • #7,450
  • Apr 15, 2015 1:41pm Apr 15, 2015 1:41pm
Quoting Idkurv
{quote} Wonderful
  • #7,451
  • Apr 15, 2015 1:42pm Apr 15, 2015 1:42pm
Quoting fxmasterdxb
{quote} Waiting for PA to push to 1.2350/70 zone to enter new fresh shorts
1.2350~1.2400 should be the usual upward limit for the bounce for the Loonie if we've another leg lower prior to the next NY session. However, if 1.2350 resistance is broken above and holds as support, just be wary of further corrections.

The current downside I see below 1.2280 is 1.2250, 1.2200. I'd personally rather not short the usd/cad for the time being. Shorting from anywhere less than 1.2400 seems too risky for now, and the possibility of price oscillating around an annoying range is pretty big for the usd/cad right now as well.

Edit: The 50% retracement from today's fall; around 1.24200, is what I'm REALLY concerned about.
  • #7,452
  • Apr 15, 2015 1:44pm Apr 15, 2015 1:44pm
Attached Image (click to enlarge)
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  • #7,453
  • Apr 15, 2015 1:45pm Apr 15, 2015 1:45pm
Quoting Vermillion
{quote} 1.2350~1.2400 should be the usual upward limit for the bounce for the Loonie if we've another leg lower prior to the next NY session. However, if 1.2350 resistance is broken above and holds as support, just be wary of further corrections. The current downside I see below 1.2280 is 1.2250, 1.2200. I'd personally rather not short the usd/cad for the time being. Shorting from anywhere less than 1.2400 seems too risky for now, and the possibility of price oscillating around an annoying range is pretty big for the usd/cad right now as well.
Well that it is your opinion and i do respect it I'm looking for short opportunities from 1.2350 to 1.2400 for another leg down toward 1.22ish
  • #7,454
  • Apr 15, 2015 1:58pm Apr 15, 2015 1:58pm
Congrats to all those who shorted this pig. Seriously! I had no idea the US numbers would keep on disappointing. I guess the Fed's three rounds of QE didn't work after all. I guess all us americans better get prepared for a japanese style economy.

And I really wanted a buck fifty exchange rate! Oh well I guess I should be greatful I got stopped in the money. I thank you all for scaring me enough to push up my SLs.
hope for the best and expect the worst.
  • #7,455
  • Apr 15, 2015 4:26pm Apr 15, 2015 4:26pm
Quoting usdoutlaw
Congrats to all those who shorted this pig. Seriously! I had no idea the US numbers would keep on disappointing. I guess the Fed's three rounds of QE didn't work after all. I guess all us americans better get prepared for a japanese style economy. And I really wanted a buck fifty exchange rate! Oh well I guess I should be greatful I got stopped in the money. I thank you all for scaring me enough to push up my SLs.
I like buying the USD v the CAD here. The economic news coming out of Canada has been horrendous, and a weaker US economy doesn't bode well for the Canadian economy going forward. I think we're going to continue to range 1.24 to 1.28 for the foreseeable future, and eventually break higher. Of course, today could be the beginning of big move down assuming the 1.24 to 1.28 range is finally broken to the downside rather than the upside, but I don't think it will be. The next few days will tell.
Yay! Pips for everyone!
  • #7,456
  • Apr 15, 2015 6:53pm Apr 15, 2015 6:53pm
Bought USDCAD @ 1.22977. Set TP @ 1.24101. Hope I will get my TP shortly
  • #7,457
  • Apr 15, 2015 7:32pm Apr 15, 2015 7:32pm
Quoting saiful.bd
Bought USDCAD @ 1.22977. Set TP @ 1.24101. Hope I will get my TP shortly
feel bad for u
  • #7,458
  • Apr 15, 2015 7:37pm Apr 15, 2015 7:37pm
Quoting usdoutlaw
Congrats to all those who shorted this pig. Seriously! I had no idea the US numbers would keep on disappointing. I guess the Fed's three rounds of QE didn't work after all. I guess all us americans better get prepared for a japanese style economy. And I really wanted a buck fifty exchange rate! Oh well I guess I should be greatful I got stopped in the money. I thank you all for scaring me enough to push up my SLs.
woooooowwww dirty man you talking with respect to people ..... amazing. it was a good 350.0 pips run so far
  • #7,459
  • Apr 15, 2015 7:52pm Apr 15, 2015 7:52pm
Long gcad tp 1.83 1.835 1.84
Will see.
  • #7,460
  • Apr 15, 2015 11:29pm Apr 15, 2015 11:29pm
Short CADJPY TP 96.6 96.3 96
May still go up further to 98.1sh.
Watch your mm.
Will see

CADJPY H4 Chart
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