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USD/CAD

  • #7,541
  • Apr 20, 2015 5:05am Apr 20, 2015 5:05am
Quoting Dano12
what is to retest the broken resistance ?? abc correction {image}
Dano, that's exactly what I'm thinking it is. Anticipating a move to around 1.2300 just before BOC Poloz speakes this morning, then a move back down. Let's see if they'll stick to the textbook structure
Don't trade the noise
  • #7,542
  • Apr 20, 2015 10:55am Apr 20, 2015 10:55am
100 pips on a 30 pip move? so if you have a 3 positions you are multiplying 30 x 3? Thats a different way of counting pips.. I'd just say made 30 pips on 3 positions lol
  • #7,543
  • Apr 20, 2015 12:02pm Apr 20, 2015 12:02pm
Quoting Jeremy Oak
100 pips on a 30 pip move? so if you have a 3 positions you are multiplying 30 x 3? Thats a different way of counting pips.. I'd just say made 30 pips on 3 positions lol
lol. What's a difference?
Oh.... difference is that.... we are counting profit in PIPs..... not in positions or $ profit....
  • #7,544
  • Apr 20, 2015 9:06pm Apr 20, 2015 9:06pm
Waiting for price to go up to the trendline at around the 1.24 area, before deciding to short it. Seeing if it goes up there to retest it. Two targets. 1.1950 and 1.1670.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad20apr.png Size: 44 KB
Time turns trend. - W.D. Gann
  • #7,545
  • Apr 20, 2015 10:12pm Apr 20, 2015 10:12pm
Watching these resistance levels...1.2388, 1.2412, 1.2479.
  • #7,546
  • Apr 21, 2015 1:36am Apr 21, 2015 1:36am
It seems that the break of 1.2250 could pullback the USDCAD towards testing 1.2200 & 1.2185 soon.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 26 KB
  • #7,547
  • Apr 21, 2015 5:23am Apr 21, 2015 5:23am
If wholesale sales in Canada will be better than expected we could see price moves to 1.23 area.
on the other side if data is worse, we could see the break of this level @1.2223 (23.6fib) and run to 1.2150 zone.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 44 KB
  • #7,548
  • Apr 21, 2015 5:26am Apr 21, 2015 5:26am
Quoting Skobratt
If wholesale sales in Canada will be better than expected we could see price moves to 1.23 area. on the other side if data is worse, we could see the break of this level @1.2223 (23.6fib) and run to 1.2150 zone. {image}
You mean the other way round. Good data, down 2223 and if worse up to 1.23
  • #7,549
  • Apr 21, 2015 5:27am Apr 21, 2015 5:27am
Quoting duderoo1
{quote} You mean the other way round. Good data, down 2223 and if worse up to 1.23
yea was thinking the same thing
  • #7,550
  • Apr 21, 2015 5:30am Apr 21, 2015 5:30am
Quoting duderoo1
{quote} You mean the other way round. Good data, down 2223 and if worse up to 1.23

Yes you're right!
BUt you're undestood me the same!
Sorry for the confusion, i'll pay more attention now when I'll write
  • #7,551
  • Apr 21, 2015 5:34am Apr 21, 2015 5:34am
small change within range with data.
I avoid this pair now.
waiting the hourly close.
  • #7,552
  • Apr 21, 2015 6:13am Apr 21, 2015 6:13am
Next Test 1.227
  • #7,553
  • Apr 21, 2015 6:16am Apr 21, 2015 6:16am
Quoting Lamira
{quote} lol. What's a difference? Oh.... difference is that.... we are counting profit in PIPs..... not in positions or $ profit....
True, to each is own. I get a false sense if I do it that way, rather just get an average fill and count the total pips in return.

If you have 10 fills on 10 micro lots on a 10 pip move one could say that they made 100 pips .. I dont like doing it that way
  • #7,554
  • Apr 21, 2015 6:29am Apr 21, 2015 6:29am
Its funny how people get interested how others count their pips profits etc.
I count % of equity growth.Not bragging but up 35% this month 25-0
Counting pips is measure of performance to me but not overall picture for that % is the real thing.Perhaps the guy with 168 posts should be more concern about his trading then how I count my pips.I'll be happy to update to you Jeremy Oak how I am doing on regular bases
In trading, you have to be defensive and aggressive at the same time
  • #7,555
  • Apr 21, 2015 6:34am Apr 21, 2015 6:34am
Quoting Jeremy Oak
Next Test 1.227
Bam, watching how it does here could keep going
  • #7,556
  • Apr 21, 2015 6:40am Apr 21, 2015 6:40am
resistance
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 194 KB
  • #7,557
  • Apr 21, 2015 11:13am Apr 21, 2015 11:13am
Quoting Jeremy Oak
{quote} True, to each is own. I get a false sense if I do it that way, rather just get an average fill and count the total pips in return. If you have 10 fills on 10 micro lots on a 10 pip move one could say that they made 100 pips .. I dont like doing it that way
Jeremy, we can find a lot of "ifs" when you trading for years, you finding yourself counting in pips... you can close 2 lots, and let one run , or close at bE. But you right every one have their own way. So this why we saying "don't come as gest in someone hose to teach them your own rules, unless you are cop"

Quoting Jeremy Oak
{quote} True, to each is own. I get a false sense if I do it that way, rather just get an average fill and count the total pips in return. If you have 10 fills on 10 micro lots on a 10 pip move one could say that they made 100 pips .. I dont like doing it that way
or IRS 😂
  • #7,558
  • Apr 22, 2015 2:41am Apr 22, 2015 2:41am
Seems that the USDCAD could test 1.2150 if the US details continue printing weaker numbers.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 28 KB
  • #7,559
  • Apr 22, 2015 3:31am Apr 22, 2015 3:31am
She finally broke the big bear flag...I've been waiting on this all week. As stated earlier, I've been building another short position this week. This pair should see 1.2090 within the next 24 hours. I'll add some more at a break of that level and hold for 1.1992
Don't trade the noise
  • #7,560
  • Apr 22, 2015 4:57am Apr 22, 2015 4:57am
Quoting TTFXHammer
She finally broke the big bear flag...I've been waiting on this all week. As stated earlier, I've been building another short position this week. This pair should see 1.2090 within the next 24 hours. I'll add some more at a break of that level and hold for 1.1992
Looks like a back-test of support (now resistance - I hope)
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