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USD/CAD

  • #8,741
  • Jan 7, 2016 6:23am Jan 7, 2016 6:23am
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  • #8,742
  • Jan 7, 2016 6:50am Jan 7, 2016 6:50am
Another large fall in oil prices and this could target 1,4900s, look at what happened in 2003
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  • #8,743
  • Jan 7, 2016 8:11am Jan 7, 2016 8:11am
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  • #8,744
  • Jan 7, 2016 8:18am Jan 7, 2016 8:18am
usd/cad may be giving a sell signal on daily--if it pulls back up on the hourly I will find a place to short​
  • #8,745
  • Jan 7, 2016 9:19am Jan 7, 2016 9:19am
I'm starting to reload USD/CAD longs here at 1.4060 -- will add more lower.
check out my blog: forexmademillionaire dot com
  • #8,746
  • Jan 7, 2016 9:25am Jan 7, 2016 9:25am
I am still waiting, I think it might reach 1.4020 before it moves to the upside again.
  • #8,747
  • Jan 7, 2016 10:17am Jan 7, 2016 10:17am
Quoting Geppy
I'm starting to reload USD/CAD longs here at 1.4060 -- will add more lower.
I am starting to reload usd/cad long at 1.4080 ....
  • #8,748
  • Jan 7, 2016 10:35am Jan 7, 2016 10:35am
Quoting dianajs
I am still waiting, I think it might reach 1.4020 before it moves to the upside again.
Yep, it definitely could go lower. I tend to nibble my way into positions though. So I'll start here and add if it goes lower. If it doesn't go lower I'll add on the way up. Basically, I never start with a full sized position.
check out my blog: forexmademillionaire dot com
  • #8,749
  • Jan 7, 2016 10:40am Jan 7, 2016 10:40am
Quoting Geppy
{quote} Yep, it definitely could go lower. I tend to nibble my way into positions though. So I'll start here and add if it goes lower. If it doesn't go lower I'll add on the way up. Basically, I never start with a full sized position.
I'll watch out as Oil is bouncing and could turn bullish today with a hammer....overall still bearish, but chancing only longs on oil anyway
COT: The precious data ignored
  • #8,750
  • Jan 7, 2016 4:42pm Jan 7, 2016 4:42pm
I am so lost on this... i`m short have been, adding positions.... 4200 was my stop loss almost reached it while sleeping today now i am so unsure... i could let it higher than 4200 if it comes to it but it would be above my initial estimates and well sounds like a bad plan.

That said it might drop... i am just really unsure and then we also have the big news tomorrow.
  • #8,751
  • Jan 7, 2016 5:15pm Jan 7, 2016 5:15pm
Quoting alexandru987
I am so lost on this... i`m short have been, adding positions.... 4200 was my stop loss almost reached it while sleeping today now i am so unsure... i could let it higher than 4200 if it comes to it but it would be above my initial estimates and well sounds like a bad plan. That said it might drop... i am just really unsure and then we also have the big news tomorrow.
never can be sure in this business,

Oil may be bottoming but panic could bring it fast to 26
USD looks toppy and might lose some ground (current move)
So yes the bias I also like, but one thing I've learned over the years, never ever change your plan, if SL is reached it's a bad trade and time to look at something else.
Don't be a hero. Don't have an ego. Always question yourself
  • #8,752
  • Jan 8, 2016 5:13am Jan 8, 2016 5:13am
Quoting Fermy17
{quote} I am starting to reload usd/cad long at 1.4080 ....
I am close order long at 1.4080 and waiting and see, what happen ??? may be after news can open posistion again for sell/buy
  • #8,753
  • Jan 8, 2016 5:44am Jan 8, 2016 5:44am
I've decided to open longs , I think it will reach 1.4170 again.
  • #8,754
  • Jan 8, 2016 6:57am Jan 8, 2016 6:57am
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  • #8,755
  • Jan 8, 2016 7:05am Jan 8, 2016 7:05am
Quoting USD-Bear
{quote} never can be sure in this business, Oil may be bottoming but panic could bring it fast to 26 USD looks toppy and might lose some ground (current move) So yes the bias I also like, but one thing I've learned over the years, never ever change your plan, if SL is reached it's a bad trade and time to look at something else.

I agree but 2% more risk won`t break the bank and i feel that its worth paying up to see what happens... i usually do this and as long as you don`t overleverage it works out. You can`t win them all anyway.

The only real mistery is the double whammy we get in 30 minutes. It could spike and trigger the SL but if it does o well i`ll get them next time.
  • #8,756
  • Jan 8, 2016 3:49pm Jan 8, 2016 3:49pm
My naive USDCAD trading idea, very small lots without stop loss
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  • #8,757
  • Jan 8, 2016 3:53pm Jan 8, 2016 3:53pm
long since 1.409, up around 75 pips, think I shall scoop up my profits and re asses on monday.. or do i stick with my original plan and stay long for at least 3-4 days :/
Trade like a sniper not a machine gun
  • #8,758
  • Jan 8, 2016 4:18pm Jan 8, 2016 4:18pm
Bought a ton at the close. This trend is unstoppable!!!!!
  • #8,759
  • Jan 9, 2016 3:29am Jan 9, 2016 3:29am
Quoting Geppy
{quote} Yep, it definitely could go lower. I tend to nibble my way into positions though. So I'll start here and add if it goes lower. If it doesn't go lower I'll add on the way up. Basically, I never start with a full sized position.
Waiting wasn't such a good idea after all, it didn't fall that low. I still managed to open longs but it'd have been better if I had done so earlier.
As for nibbling one's way into positions, I often do that too, especially if I'm not sure about the direction the pair's taken.
  • #8,760
  • Jan 9, 2016 6:19am Jan 9, 2016 6:19am
Im anticipating price could move down to 1.4120 support level and either continue moving higher from there or if fails at the highs (blue circle) then price could possibly move its way back to 1.3985/1.4000 key support level.
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