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USD/CAD

  • #8,361
  • Nov 9, 2015 12:04pm Nov 9, 2015 12:04pm
Another buy potential . This may result in a sustained move . Always use aggresive risk management :

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Money moves the market, not an indicator.
  • #8,362
  • Nov 11, 2015 7:13am Nov 11, 2015 7:13am
USDCAD hits 1.33 and 61.8% fib extension, when oil hits a major demand zone. Further upside of USDCAD has to be supported by further downside of oil.

Although not an oil expert, I personally think further oil downside still depends on Saudi's strategy preference, whether they want a quick shock to US drillers by pushing price further down, or they want a slow grill by keeping price at current level, we should bare in mind that Saudi and other OPEC countries are selling oil as well, lower price means more pain for them too.
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  • #8,363
  • Nov 11, 2015 11:49pm Nov 11, 2015 11:49pm
I am agree with you . It seem profit taking on CAD is over . Mabe the upmove will renew from here.

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Money moves the market, not an indicator.
  • #8,364
  • Nov 12, 2015 4:34am Nov 12, 2015 4:34am
Quoting andoseg2
I am agree with you . It seem profit taking on CAD is over . Mabe the upmove will renew from here. {image}
Ideal scenario unfolded . That's great. Time to cover the trade.

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Money moves the market, not an indicator.
  • #8,365
  • Nov 12, 2015 4:38am Nov 12, 2015 4:38am
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  • #8,366
  • Nov 12, 2015 5:01am Nov 12, 2015 5:01am
Moving steady to the upside.
  • #8,367
  • Edited 3:42am Nov 13, 2015 3:31am | Edited 3:42am
Love this set up. It doesn't have to be complex. I can win or lose and save my brain from all that stress

Adding more longs @1.3270
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Pride always comes before destruction.... -Proverbs 16:18
  • #8,368
  • Nov 13, 2015 5:10am Nov 13, 2015 5:10am
Quoting Expo33
Love this set up. It doesn't have to be complex. I can win or lose and save my brain from all that stress Adding more longs @1.3270 {image}
Talk about instant gratification. A quick 30 pip pop up off resistance. Holy pin bars batman!
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Pride always comes before destruction.... -Proverbs 16:18
  • #8,369
  • Nov 14, 2015 7:37pm Nov 14, 2015 7:37pm
I was glad to see a close again above previous R @ 1.32798
I really think USD will keep pushing higher with all this rate hike hype, that being said id like to go long until we test our previous highs of the 1.34s (or until people realize there will be no rate hike)

There is the possibility of tuesday's CPI causing a sell off if it doesn't meet the forecast.
anyone else plan on going long at the start of this week?
Trade like a sniper not a machine gun
  • #8,370
  • Nov 16, 2015 12:14am Nov 16, 2015 12:14am
Trying a short here @1.33034 sl 1.338 tp1.3058 will ad more shorts if it gets to 1.3345.... Oil should also reverse but don't have targets on that
  • #8,371
  • Nov 16, 2015 3:47am Nov 16, 2015 3:47am
Any reason why UC is going up and Oil is also?
  • #8,372
  • Nov 16, 2015 4:32am Nov 16, 2015 4:32am
Quoting duderoo1
Any reason why UC is going up and Oil is also?
They souldn't they are normally inverse corelated, but that is obvious on larger timeframes, i guess on lower timeframes and for short periods there have been times when UC is up and oi Up...
Might also have something to do with the news on cad coming up in one hour...
  • #8,373
  • Nov 16, 2015 5:19am Nov 16, 2015 5:19am
Quoting Conscript
Trying a short here @1.33034 sl 1.338 tp1.3058 will ad more shorts if it gets to 1.3345.... Oil should also reverse but don't have targets on that
added more @1.3331
  • #8,374
  • Nov 16, 2015 5:37am Nov 16, 2015 5:37am
Still no short today but closely monitoring for a dive, with oil bouncing up soon
COT: The precious data ignored
  • #8,375
  • Nov 16, 2015 8:49am Nov 16, 2015 8:49am
Quoting kuroro001
Still no short today but closely monitoring for a dive, with oil bouncing up soon
Might be right very close to sl .... changed to 1.339
  • #8,376
  • Nov 16, 2015 8:51am Nov 16, 2015 8:51am
I'm long from the gap down +54 pips right now.
Trade like a sniper not a machine gun
  • #8,377
  • Nov 16, 2015 9:00am Nov 16, 2015 9:00am
Quoting Iglootrader
I'm long from the gap down +54 pips right now.
Good profit... but still hoping for my position to be the winner
  • #8,378
  • Nov 16, 2015 9:06am Nov 16, 2015 9:06am
Quoting Conscript
{quote} Good profit... but still hoping for my position to be the winner
So your still banking on the short? I feel that with all the rate hike hype there won't be too many down tick days
Trade like a sniper not a machine gun
  • #8,379
  • Nov 16, 2015 9:16am Nov 16, 2015 9:16am
Quoting Conscript
{quote} Good profit... but still hoping for my position to be the winner
Looks like price is consolidating now though. If it breaks support I think we might retrace to 1.33313 area but if the CPI report is favourable I think it will be another bull run
Trade like a sniper not a machine gun
  • #8,380
  • Nov 16, 2015 9:20am Nov 16, 2015 9:20am
Not just UsdCad I have similar short dolar positions on other currencys(EUR,CHF)..I think dolar index is trraped between 100 resistance and 93 suport for now..
We are at 99.32... so maybe time for a run back 94 suport
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