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USD/CAD

  • #8,001
  • Jul 20, 2015 3:48pm Jul 20, 2015 3:48pm
Quoting anony
USD/CAD heading up to soon... just a feeling, but why the silence?
Can't trade those feelings - get a PLAN

Attached Image (click to enlarge)
Click to Enlarge Name: 21-07-2015 6-46-28 AM.png Size: 296 KB
It takes a lot for me to IGNORE you, but you can try.
  • #8,002
  • Jul 21, 2015 6:10am Jul 21, 2015 6:10am
What you guys think... before going up, how low this pair gonna go down..? 1.2952, 1.2909 or what..?

Or are you guys predicting that this pair gonna move like rocket before going any down at all ?
Markets can remain irrational longer than you can remain solvent.
  • #8,003
  • Jul 21, 2015 6:35am Jul 21, 2015 6:35am
Quoting motiurbd
What you guys think... before going up, how low this pair gonna go down..? 1.2952, 1.2909 or what..? Or are you guys predicting that this pair gonna move like rocket before going any down at all ?
I would not trade this pair right now. The move up to 1.3000 from 400 pips away was a great trade. Now you are trading "chop" and you are going to get stopped out. Find another pair about to make a move.
  • #8,004
  • Jul 21, 2015 6:49am Jul 21, 2015 6:49am
I already have some shorts from 1.3001, 1.2952 and from 1.2911... So is there any good news for me left..?
Markets can remain irrational longer than you can remain solvent.
  • #8,005
  • Jul 21, 2015 7:51am Jul 21, 2015 7:51am
Hi,


I am also short @1.28 when do you think we will see a correction to 1.28 ?
  • #8,006
  • Jul 21, 2015 8:15am Jul 21, 2015 8:15am
Quoting motiurbd
I already have some shorts from 1.3001, 1.2952 and from 1.2911... So is there any good news for me left..?
You was trying to catch a falling knife with this two (1.2952, 1.2911).
No good news for you, just hope your gamble will work out.
  • #8,007
  • Jul 21, 2015 10:14am Jul 21, 2015 10:14am
I had a long at 1.2992 I Guess I am screwed if it crossed 1.2900 loool
  • #8,008
  • Jul 22, 2015 6:13am Jul 22, 2015 6:13am
http://www.efxnews.com/story/29776/u...-deutsche-bank
  • #8,009
  • Jul 22, 2015 8:38am Jul 22, 2015 8:38am
Quoting Jonh
{quote} You was trying to catch a falling knife with this two (1.2952, 1.2911). No good news for you, just hope your gamble will work out.
Dude stop scaring people
Nothing goes up or down in straight line.Oil is key.She bounces up 50+UC goes down fast.
In trading, you have to be defensive and aggressive at the same time
  • #8,010
  • Jul 22, 2015 9:16am Jul 22, 2015 9:16am
Quoting Giganntor
{quote} I would not trade this pair right now. The move up to 1.3000 from 400 pips away was a great trade. Now you are trading "chop" and you are going to get stopped out. Find another pair about to make a move.
Another 80 pips
  • #8,011
  • Jul 22, 2015 9:28am Jul 22, 2015 9:28am
now wav 5 in 5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD_4.gif Size: 183 KB
Click to Enlarge Name: USDCAD_1.gif Size: 203 KB
  • #8,012
  • Jul 22, 2015 9:34am Jul 22, 2015 9:34am
Quoting Davit
{quote} Dude stop scaring people Nothing goes up or down in straight line.Oil is key.She bounces up 50+UC goes down fast.
No. You should stop condone this type of behavior. You only make it worse for them.
You learn how to trade or don't trade at all.

It's obvious that people who make posts like this don't understand what they are doing.
They don't have strategy, it's just gamble for them.
And we both know forex it's not a good place for gambling, 95% of people lose in this game.

Market show no mercy. They need to understand that, the sooner the better.
  • #8,013
  • Jul 22, 2015 9:42am Jul 22, 2015 9:42am
Quoting Jonh
{quote} No. You should stop condone this type of behavior. You only make it worse for them. You learn how to trade or don't trade at all. It's obvious that people who make posts like this don't understand what they are doing. They don't have strategy, it's just gamble for them. And we both know forex it's not a good place for gambling, 95% of people lose in this game. Market show no mercy. They need to understand that, the sooner the better.
I just find it your comments rude.There are many ways to trade.Counter or going with a trend.Just because you might be trend trading does not mean main trend can not go 200-300pip corrections in fact this is the norm most cases so its not about going with trend or not but practicing SL and getting out when wrong. Calling someone a gambler is disingenuous on your part.
For your info I am 90% counter trader and doing well.
Let me add without using proper money management you can lose even going with the trend.
In trading, you have to be defensive and aggressive at the same time
  • #8,014
  • Jul 22, 2015 9:56am Jul 22, 2015 9:56am
Oil just jumped up pushing UC lower
In trading, you have to be defensive and aggressive at the same time
  • #8,015
  • Jul 22, 2015 10:15am Jul 22, 2015 10:15am
Quoting Davit
{quote} I just find it your comments rude.
Sorry, I'm just being honest.
Of course there is many ways to trade, noone disagree with that.
But you know what? You need to have at least some idea about your actions.

Sometimes, when i read posts here, i just want to ask some questions to this people.
But i think i can already imagine this conversation anyway. It will be something like this:
"- Hmm, it's time for me to sell U/C!
- Why?
- I don't know. It just go up a lot and i think it will go down now!
- Okay. What you going to do if price will continue to go up?
- I don't know. Maybe add more positions, it will go down for sure!
- You think that based on what?
- I just can feel it, mate! (Optional: I read some posts on forum!)
- Do you at least have stop loss?
- Nah, i don't need it. And stop bothering me with this boring questions anyway. I need to trade faster! "

I don't think that encouraging this type of behavior is a good thing. Not for you, not for them.
  • #8,016
  • Jul 22, 2015 11:46am Jul 22, 2015 11:46am
Lots of data coming out next week, I say the dollar USD$ will be dumped from its highs, only to be re-bought at a discounted price.

USD$ bulls...!
  • #8,017
  • Jul 22, 2015 11:56am Jul 22, 2015 11:56am
Quoting Jonh
{quote} Sorry, I'm just being honest. Of course there is many ways to trade, noone disagree with that. But you know what? You need to have at least some idea about your actions. Sometimes, when i read posts here, i just want to ask some questions to this people. But i think i can already imagine this conversation anyway. It will be something like this: "- Hmm, it's time for me to sell U/C! - Why? - I don't know. It just go up a lot and i think it will go down now! - Okay. What you going to do if price will continue to go up? - I don't know. Maybe...
Dude, what's your perspective for USDCAD, make an example and share your chart and thoughts, we'd love to see that.

Otherwise this type of post is pretty useless and boring. Trading is already difficult, so let's try to make the life of ourselves and others easier.

Davit merely expressed his opinion, right or wrong, it's his freedom of speech right. If you dig through his post in some other threads you'll see how he come up with it, anyway.
  • #8,018
  • Jul 22, 2015 2:09pm Jul 22, 2015 2:09pm
Quoting Darkforce
{quote} Dude, what's your perspective for USDCAD, make an example and share your chart and thoughts, we'd love to see that. Otherwise this type of post is pretty useless and boring. Trading is already difficult, so let's try to make the life of ourselves and others easier. Davit merely expressed his opinion, right or wrong, it's his freedom of speech right. If you dig through his post in some other threads you'll see how he come up with it, anyway.
Heh...
Did you even read what I posted? I have nothing wrong with Davit.
Wrong are people who don't know what they are doing, but have open positions and asking people in this thread to justify them.
He asked me to not scare this kind of people, but i say that we SHOULD scare them.
Because if they are scared, they will not get overconfident, they will think 10 times before opening position, mean they less likely to lose money.
And you cannot scare experienced trader anyway, because he know where to open and where to close if things go wrong.
So don't try to be a "nice guy" and cover your buddy, i have nothing against him in the first place.
  • #8,019
  • Jul 22, 2015 3:37pm Jul 22, 2015 3:37pm
Quoting usdcad
Lots of data coming out next week, I say the dollar USD$ will be dumped from its highs, only to be re-bought at a discounted price. USD$ bulls...!
At least some retracement please, hanging around just below a multi-year high means it is very difficult to get into a trade. waiting.
  • #8,020
  • Jul 22, 2015 9:35pm Jul 22, 2015 9:35pm
Quoting Darkforce
{quote} At least some retracement please, hanging around just below a multi-year high means it is very difficult to get into a trade. waiting.
Yes, I see support @ 1.30.. I'll wait for it to breach as I see a bullish pattern.

Ideally, would like to see if fall further, and act as a resistance again after some good expected US economic data released to take it higher...
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