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USD/CAD

  • #8,701
  • Edited 11:51pm Jan 5, 2016 5:56am | Edited 11:51pm
Quoting andoseg2
More risky than usual long trade . This should be traded with care : {image}
Update
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If the long above will recover, then this is the entry I would like :

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Money moves the market, not an indicator.
  • #8,702
  • Jan 5, 2016 6:02am Jan 5, 2016 6:02am
nothing happens playing in consolidation within range
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  • #8,703
  • Jan 5, 2016 8:54am Jan 5, 2016 8:54am
Quoting Geppy
{quote} Hey Killer, good to see you. I just poked in because I've got a bunch of longs (average 1.3866) and hoping we break through the ceiling of this consolidation this time around. I'd love to hold these babies for awhile... I'm off to Thailand for two weeks on Saturday and I'm not opposed to holding until I get back
Nice to someone seeing the breakout and going long instead of trying to find a top good luck Geppy

This pair has higher probability of continuation to the upside supported by both fundamentally and technically
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #8,704
  • Jan 5, 2016 9:44am Jan 5, 2016 9:44am
Already closed long 1.39 at 1.3973 waiting for another long after it break this level. This pair really want go higher
  • #8,705
  • Edited 10:09am Jan 5, 2016 9:51am | Edited 10:09am
Quote
http://news.forexlive.com/!/saudis-i...-iran-20160105

Saudi and Iran fight each other via a oil price war?!

What a pair of imbecile, they should missile each other's oil field instead!

Btw, classic triangular breakout on LTF, if we don't get a test of 1.4000 I think bulls will be really disappointed.

I still favour sell into the supply zone around 1.4000 though
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  • #8,706
  • Jan 5, 2016 10:43am Jan 5, 2016 10:43am
We should see 1.44+ this year.
Si vis pacem, para bellum.
  • #8,707
  • Jan 5, 2016 11:19am Jan 5, 2016 11:19am
Quoting blue_z_zz
{quote} Nice to someone seeing the breakout and going long instead of trying to find a top good luck Geppy This pair has higher probability of continuation to the upside supported by both fundamentally and technically
Completely agree. I'm locked and loaded... I'm still holding about 6 mini lots now at an average of 1.3866 -- a close above 1.4000 today would be awesome, and I expect at least another 200 pips move relatively quickly. I'll have to decide then if I'll take profits and look for a pullback or just keep holding, but really liking the overall setup.
check out my blog: forexmademillionaire dot com
  • #8,708
  • Jan 5, 2016 11:41am Jan 5, 2016 11:41am
Just my view
Beginning of the Year bulls are positioning expecting economy to continue to grow and dollar to continue dominate.
Few issues with this.Too early to make that assumption.Holiday job numbers (part timers) are back home collecting unemployment.
Oil sector losing and cutting jobs which has domino effect on all energy related fields.My view is that there are serious corrections coming and could start even by tomorrows ADP
Don't get sucked into buying the tops
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,709
  • Jan 5, 2016 11:50am Jan 5, 2016 11:50am
I still have longs and I'm planning to keep them open until it reaches 1.4080.
  • #8,710
  • Jan 5, 2016 2:22pm Jan 5, 2016 2:22pm
Quoting Duce
We should see 1.44+ this year.
indeed

Some commonality there
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Come with me if you want to live....
  • #8,711
  • Jan 5, 2016 2:25pm Jan 5, 2016 2:25pm
Quoting Ill-b-back
{quote} indeed Some commonality there {image}
Yeah, and I don't see it taking "this year" to get there. Seems like it has a pretty decent shot of doing it this month.
check out my blog: forexmademillionaire dot com
  • #8,712
  • Jan 5, 2016 2:35pm Jan 5, 2016 2:35pm
Quoting Geppy
{quote} Yeah, and I don't see it taking "this year" to get there. Seems like it has a pretty decent shot of doing it this month.
This month would a hell of an effort but not impossible I guess.

If the DOW continues to top out and drop, the flight to safety that will only add to it's strength.

Also, the Saudis are promising to keep flooding the market with oil... "to meet their customers demand" (So THAT'S why oil price is dropping like a stone??) Funny, I thought when supply meets demand price stabilises. It's got nothing to do with squeezing out the competition of course

Some things are beyond all control eh...
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Come with me if you want to live....
  • #8,713
  • Jan 5, 2016 2:41pm Jan 5, 2016 2:41pm
If somehow we do manage to get down to 1.34 region support and bottom of a major trading range before reaching 1.44, that would be the time to consider looking for reasons to buy I think
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Come with me if you want to live....
  • #8,714
  • Jan 5, 2016 2:42pm Jan 5, 2016 2:42pm
Quoting Ill-b-back
{quote} This month would a hell of an effort but not impossible I guess. If the DOW continues to top out and drop, the flight to safety that will only add to it's strength. Also, the Saudis are promising to keep flooding the market with oil... "to meet their customers demand" (So THAT'S why oil price is dropping like a stone??) Funny, I thought when supply meets demand price stabilises. It's got nothing to do with squeezing out the competition of course Some things are beyond all control eh... {image}
Yup, definitely lots to consider here in short, medium, and longer term. I didn't sell yesterday after the run up, deciding to sit through the retrace instead. Glad I did.

But there's maybe argument for taking some profits if we don't push through today's highs in the next 24 hours. I'll try to get a deep dive technical analysis post out tonight if I can. I see some interesting stuff.
check out my blog: forexmademillionaire dot com
  • #8,715
  • Jan 5, 2016 2:45pm Jan 5, 2016 2:45pm
Quoting Geppy
{quote} Yup, definitely lots to consider here in short, medium, and longer term. I didn't sell yesterday after the run up, deciding to sit through the retrace instead. Glad I did. But there's maybe argument for taking some profits if we don't push through today's highs in the next 24 hours. I'll try to get a deep dive technical analysis post out tonight if I can. I see some interesting stuff.
Come with me if you want to live....
  • #8,716
  • Jan 5, 2016 6:20pm Jan 5, 2016 6:20pm
I cranked this out as fast as possible guys!

Here's my deep-dive technical analysis and trade plan for USD/CAD longs with 400+ pips potential profit. Let's do this!

http://www.forexmademillionaire.com/...nd-trade-plan/
check out my blog: forexmademillionaire dot com
  • #8,717
  • Jan 5, 2016 7:21pm Jan 5, 2016 7:21pm
Quoting Geppy
I cranked this out as fast as possible guys! Here's my deep-dive technical analysis and trade plan for USD/CAD longs with 400+ pips potential profit. Let's do this! http://www.forexmademillionaire.com/...nd-trade-plan/
Just an hour after publishing this and we're testing the day's highs. Woot!
check out my blog: forexmademillionaire dot com
  • #8,718
  • Jan 5, 2016 8:48pm Jan 5, 2016 8:48pm
First close above 140 on the h4 since 2004
  • #8,719
  • Jan 5, 2016 8:50pm Jan 5, 2016 8:50pm
Quoting KZman
First close above 140 on the h4 since 2004
Things are definitely developing nicely. Initial target of 1.4065 could be hit tonight. Then hopefully a retrace so we can reload for target #2 at 1.4180
check out my blog: forexmademillionaire dot com
  • #8,720
  • Jan 5, 2016 8:55pm Jan 5, 2016 8:55pm
A D1 close above 140 could really send this running
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