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USD/CAD

  • #8,021
  • Jul 24, 2015 12:23am Jul 24, 2015 12:23am
Support 1.2970
any break of the support will call for 1.2930
above 1.2970 will reach 1.3063
correct me plz
  • #8,022
  • Jul 24, 2015 6:38am Jul 24, 2015 6:38am
maybe - 3 orC go to 1 61 fibo and finish wave 5
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_d1.gif Size: 202 KB
  • #8,023
  • Jul 24, 2015 6:51am Jul 24, 2015 6:51am
Shorting at 130787
  • #8,024
  • Jul 24, 2015 7:11am Jul 24, 2015 7:11am
traderblah
Shorting now wasnt a good idea at all
  • #8,025
  • Jul 24, 2015 7:28am Jul 24, 2015 7:28am
I think this is it... USD done for ... Now its time for a pullback on USD/CAD... Dont think USD have much juice left to move this pair any Higher...

Think about Canadians !!! They will be bankrupted if it moved any more higher than this
Markets can remain irrational longer than you can remain solvent.
  • #8,026
  • Jul 24, 2015 9:27am Jul 24, 2015 9:27am
Quoting motiurbd
I think this is it... USD done for ... Now its time for a pullback on USD/CAD... Dont think USD have much juice left to move this pair any Higher... Think about Canadians !!! They will be bankrupted if it moved any more higher than this
Canada goverment said, USDCAD will go to 1.45xx
  • #8,027
  • Jul 24, 2015 10:17am Jul 24, 2015 10:17am
what is the source?
  • #8,028
  • Jul 24, 2015 12:36pm Jul 24, 2015 12:36pm
Quoting missH
{quote} Canada goverment said, USDCAD will go to 1.45xx
Without looking back? LOL I certainly hope not! I've got some shorts open now and need 1.30 again!
  • #8,029
  • Edited 1:39pm Jul 24, 2015 1:17pm | Edited 1:39pm
Well, I am not listening to anyone about where it's going, especially CAD government. That 1 day chart screams huge trend reversal is coming. Sell entered at 1.306, first target 1.24. Will move stop loss accordingly if she goes my way, but I see a butterfly wing coming off a high we haven't seen since 2008. Of course SL set at 1.351 in case my chart lies.
  • #8,030
  • Jul 24, 2015 2:00pm Jul 24, 2015 2:00pm
USD CAD sell alert!!! We just tagged major weekly resistance. Look for a big drop coming here with in the next couple months. I have a target around 113
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 23 KB
Good luck and may the odds be ever in your favor!
  • #8,031
  • Jul 24, 2015 2:02pm Jul 24, 2015 2:02pm
Quoting bladerogers
Well, I am not listening to anyone about where it's going, especially CAD government. That 1 day chart screams huge trend reversal is coming. Sell entered at 1.306, first target 1.19. Will move stop loss accordingly if she goes my way, but I see a butterfly wing coming off a high we haven't seen since 2008. Of course SL set at 1.315 in case my chart lies.
Look at oil, commodity futures and gold. All appear to be at support......

I think a sell of in USDCAD is coming. Todays move up might just have been to squeeze out as many short sellers as possible.

Not sure but its just my view.

I am short UCAD
  • #8,032
  • Jul 24, 2015 2:03pm Jul 24, 2015 2:03pm
Quoting fxtrader08
{quote} Look at oil, commodity futures and gold. All appear to be at support...... I think a sell of in USDCAD is coming. Todays move up might just have been to squeeze out as many short sellers as possible. Not sure but its just my view. I am short UCAD
Almost all pairs that move with CAD appear to be approaching their PRZ's. time will tell
  • #8,033
  • Jul 24, 2015 2:33pm Jul 24, 2015 2:33pm
Attached Image (click to enlarge)
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  • #8,034
  • Jul 25, 2015 5:49am Jul 25, 2015 5:49am
Quoting Davit
{quote} 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.
Trading with the trend is generally considered to be the "right way" to trade. Poppycock. I trade both with the major trend, and also with the minor counter trend depending on what I see on my chart. As currency pairs go counter trend I find it easier to stay on the right side of the order flow because everyone else is still trading with the trend as the market makers are grinding price action against the herd. And if you think about the logic of it thebig fast moves with the trend that everyone is always looking for happen either during big news events when taking a position is very risky or happen when traders least expect them so they don't even have a chance to trade them.

Traders stubbornly refuse to trade counter trend because they were taught that "successful" traders don't trade against the trend. I agree that 200-300 even 400-500 pip corrections can be traded successfully if you have the skill and experience to do so. When traders "disregard" what is currently happening or even worse they pick a market direction based upon what they see visually on their charts (a pattern) or a moving average crossover strategy...Without having any idea where the market is going or at what levels the big boys are working their magic you are just gambling which is a very difficult and frustrating way to trade. Been there done that. Don't like it. I prefer to trade in the wake of the big boys and catch some of their jet wash. I would rather follow the sharks and nibble on their leftovers then be their next meal.
  • #8,035
  • Jul 25, 2015 5:54am Jul 25, 2015 5:54am
Quoting KZman
{quote} Another 80 pips

  1. Giganntor
    | Replied Jun 26, 2015{quote} Just my humble opinion but I would be long USD CAD. You have a nice long up move coming.
    Thread: USD/CAD

  1. Giganntor
    | Replied Jun 25, 2015{quote} USD CAD is a very good long trade setup. Good for 350+ pips with right entry and stop loss.
    Thread: USD/CAD

  • #8,036
  • Jul 25, 2015 1:24pm Jul 25, 2015 1:24pm
Quoting Giganntor
{quote} Trading with the trend is generally considered to be the "right way" to trade. Poppycock. I trade both with the major trend, and also with the minor counter trend depending on what I see on my chart. As currency pairs go counter trend I find it easier to stay on the right side of the order flow because everyone else is still trading with the trend as the market makers are grinding price action against the herd. And if you think about the logic of it thebig fast moves with the trend that everyone is always looking for happen either during...
I also trade with the minor trends until I see it approaching the major trend. Then I hold up to see what comes...and when I see a 1.27 bat formation on the daily, my diddle starts to feel all tickly.
  • #8,037
  • Jul 25, 2015 4:31pm Jul 25, 2015 4:31pm
Quoting bladerogers
{quote} I also trade with the minor trends until I see it approaching the major trend. Then I hold up to see what comes...and when I see a 1.27 bat formation on the daily, my diddle starts to feel all tickly.
I hear you. I trade with the big boys whichever way they are going-trend, counter trend, doesn't matter to me. Where the big boys go I go. I want to get their scraps not be their next meal.
  • #8,038
  • Jul 26, 2015 5:06am Jul 26, 2015 5:06am
Not so much volatility this past week...
  • #8,039
  • Jul 26, 2015 7:18am Jul 26, 2015 7:18am
What can we expect from today's open ? Weekend holder here (short). How strong is the resistance on the weekly vs. fundamental oil/USD data?
  • #8,040
  • Jul 27, 2015 11:18pm Jul 27, 2015 11:18pm
Bearish Deep Crab in progress daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: forexfactory USDCADDaily.png Size: 36 KB
And falling's just another way to fly...
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