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USD/CAD

  • #8,801
  • Jan 12, 2016 10:21am Jan 12, 2016 10:21am
Bears do not forgive on oil
  • #8,802
  • Jan 12, 2016 10:24am Jan 12, 2016 10:24am
trade volume is no longer supporting last couple of hour candles. bulls are getting tired going into the close.
Si vis pacem, para bellum.
  • #8,803
  • Jan 12, 2016 10:39am Jan 12, 2016 10:39am
we are reaching pivotal point on oil
either 30 will hold and perhaps rally to 35 or we are heading 25
I don't think Feds intended destruction of energy industry.... This is the worst squeeze I've seen since began trading.
Lets see if there is life left on oil.35 would be nice perhaps pushing Cad to 1.38
In trading, you have to be defensive and aggressive at the same time
  • #8,804
  • Jan 12, 2016 10:42am Jan 12, 2016 10:42am
Quoting Duce
trade volume is no longer supporting last couple of hour candles. bulls are getting tired going into the close.
I agree, but for now there's no signal that it's about to bounce off 1.4300. I think it might still climb a little higher than that.
  • #8,805
  • Jan 12, 2016 10:58am Jan 12, 2016 10:58am
Get ready for a big fall hahahahaha
  • #8,806
  • Jan 12, 2016 10:59am Jan 12, 2016 10:59am
Anybody look at the gold oil ratio ... it is about 35.xx, hasn't been this extreme since 1974.. Anybody knows what this means? .. gold overvalued or oil undervalued or what?
  • #8,807
  • Jan 12, 2016 11:06am Jan 12, 2016 11:06am
oil 30$
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCAD_1.gif Size: 176 KB
  • #8,808
  • Jan 12, 2016 11:12am Jan 12, 2016 11:12am
I'm talking about this
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  • #8,809
  • Jan 12, 2016 11:17am Jan 12, 2016 11:17am
Think it will go down soon or the end of the world is coming
  • #8,810
  • Jan 12, 2016 11:29am Jan 12, 2016 11:29am
I confess, i'm short (and in red!), anyway it goes.. if it really will go down, to me a good target in the medium term (3-5 days) is 1.3814.

very short-term target: yesterday lows at 1.4065.

come on bulls, stop it! let it fall
  • #8,811
  • Jan 12, 2016 11:45am Jan 12, 2016 11:45am
Quoting tunera
I confess, i'm short (and in red!), anyway it goes.. if it really will go down, to me a good target in the medium term (3-5 days) is 1.3814. very short-term target: yesterday lows at 1.4065. come on bulls, stop it! let it fall
Yes fall is pending.......... Niagara fall....
  • #8,812
  • Jan 12, 2016 11:46am Jan 12, 2016 11:46am
Quoting tunera
I confess, i'm short (and in red!), anyway it goes.. if it really will go down, to me a good target in the medium term (3-5 days) is 1.3814. very short-term target: yesterday lows at 1.4065. come on bulls, stop it! let it fall
Me to I am actually hoping for 1.34 or 1.30 long term.But if oil falls any longer USDCAD might go up at an accelerated pace.another 5-10 dollar fall in oil price might take it to 1.5-1.6
  • #8,813
  • Jan 12, 2016 11:55am Jan 12, 2016 11:55am
What happened to the world is going to run out of oil soon...?? Now it seems there is to much oil and world is going to run out of space to store it
  • #8,814
  • Jan 12, 2016 12:16pm Jan 12, 2016 12:16pm
1.43 is a hard level, both technical and psychological. Of course there may be a retrace, or just some consolidation, but the trend is still the same. That's what i'm trading. I don't see a reversal/top yet, but it's definitely easier to trade when you're in the green. Don't get me wrong, i've had many red trades...but not lately Don't want to jinx myself.
Si vis pacem, para bellum.
  • #8,815
  • Jan 12, 2016 12:23pm Jan 12, 2016 12:23pm
Why would you fight this?
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  • #8,816
  • Jan 12, 2016 12:52pm Jan 12, 2016 12:52pm
Quoting Conscript
What happened to the world is going to run out of oil soon...?? Now it seems there is to much oil and world is going to run out of space to store it
It's not about oil, energy, or resources, it all about some politics and a lot of speculating, at some point the fat cats will close their extremely large positions and take it in the other direction, don't worry, zoom out your chart and have a look.

Be ready and be on the right side of the move.
  • #8,817
  • Jan 12, 2016 1:03pm Jan 12, 2016 1:03pm
Quoting tunera
I confess, i'm short (and in red!), anyway it goes.. if it really will go down, to me a good target in the medium term (3-5 days) is 1.3814. very short-term target: yesterday lows at 1.4065. come on bulls, stop it! let it fall
Same here, I don't even have stop losses on UC shorts, my target is 1.34
  • #8,818
  • Jan 12, 2016 1:07pm Jan 12, 2016 1:07pm
Quoting Conscript
{quote} Me to I am actually hoping for 1.34 or 1.30 long term.But if oil falls any longer USDCAD might go up at an accelerated pace.another 5-10 dollar fall in oil price might take it to 1.5-1.6
With small lots I can live with a loosing trade even till 1.6 or higher, be prepared, it will definitely come down.
  • #8,819
  • Jan 12, 2016 1:28pm Jan 12, 2016 1:28pm
Quoting Undecided
{quote} With small lots I can live with a loosing trade even till 1.6 or higher, be prepared, it will definitely come down.
Same here small lots low leverage because i don't know were it will stop
  • #8,820
  • Jan 12, 2016 7:23pm Jan 12, 2016 7:23pm
I'm confused.. why is this pair is due for a correction? It seems that it follows the fact that oil prices are plummeting. And by looking at where oil is.. not looking good lol
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