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USD/CAD

  • #9,021
  • Jan 20, 2016 2:01am Jan 20, 2016 2:01am
Quoting eugenyk
{quote} or nothing will happen, I would recommend to stay aside from this pair today if one do not have a rather huge account to risk
We will see. I will stay away until rate decision and Poloz speak.
Stay green! FN
  • #9,022
  • Jan 20, 2016 3:10am Jan 20, 2016 3:10am
Short on USDCAD? really which is the upper possible target?
  • #9,023
  • Jan 20, 2016 3:13am Jan 20, 2016 3:13am
Quoting elsensei13
Short on USDCAD? really which is the upper possible target?
Ask the market makers!
Stay green! FN
  • #9,024
  • Jan 20, 2016 3:17am Jan 20, 2016 3:17am
Quoting forexn00b
{quote} Ask the market makers!
lol...

really the price hit a year 2001 resistance.
  • #9,025
  • Jan 20, 2016 3:54am Jan 20, 2016 3:54am
A fair bit of turbulence here for the sellers.

I trade a mean reversion strategy so drawdown is endured rather than enjoyed and a feathered approach to trade entries is needed to weather the prevailing trend.

Added to shorts above 1.4665 with break even stops to pick up the casualties
  • #9,026
  • Jan 20, 2016 7:02am Jan 20, 2016 7:02am
A big day for CAD

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  • #9,027
  • Jan 20, 2016 7:13am Jan 20, 2016 7:13am
Im wondering where we go if all news will be bad....?
Trust only yourself
  • #9,028
  • Jan 20, 2016 7:18am Jan 20, 2016 7:18am
Maybe X

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  • #9,029
  • Jan 20, 2016 7:22am Jan 20, 2016 7:22am
So, I have hope that news wll be good and we will see nice move down ;p
Trust only yourself
  • #9,030
  • Jan 20, 2016 7:25am Jan 20, 2016 7:25am
Quoting Ill-b-back
Next target above I think {image} {image} {image}
I have mine @ 1.5100, maybe not today
Simplicity is the Ultimate Sophistication.
  • #9,031
  • Jan 20, 2016 7:33am Jan 20, 2016 7:33am
Not bad.
Trust only yourself
  • #9,032
  • Jan 20, 2016 8:30am Jan 20, 2016 8:30am
Prediction:1.Boc will cut rate. 2. USDCAD will reach [1.4763,1.4811] area, then looking for an entry to short.
  • #9,033
  • Jan 20, 2016 8:34am Jan 20, 2016 8:34am
My take is that they will cut rates, debating going long before the news and. Hoping to be on the right side of the gep
Trade like a sniper not a machine gun
  • #9,034
  • Jan 20, 2016 8:35am Jan 20, 2016 8:35am
What if rate cut and UCAD fall?
  • #9,035
  • Jan 20, 2016 8:44am Jan 20, 2016 8:44am
My bet...
If no rate cut => small swing lower, then UP
I rate cut => straight UP
Simplicity is the Ultimate Sophistication.
  • #9,036
  • Jan 20, 2016 8:48am Jan 20, 2016 8:48am
Rate cut could be already priced in though
  • #9,037
  • Jan 20, 2016 8:49am Jan 20, 2016 8:49am
Quoting Ken A
Rate cut could be already priced in though
Yes, or it couldn't, everything is possible.
Simplicity is the Ultimate Sophistication.
  • #9,038
  • Jan 20, 2016 8:51am Jan 20, 2016 8:51am
I think rather that's low oil which is priced in...
Simplicity is the Ultimate Sophistication.
  • #9,039
  • Jan 20, 2016 8:53am Jan 20, 2016 8:53am
Took a short at 1.466x risk 10 pips

Worth a try
  • #9,040
  • Jan 20, 2016 9:01am Jan 20, 2016 9:01am
i can see the best thing im gonna do right now
is to be the react to the coming move whatever its gonna be
everybody wait for it and it gonna be flip coin to all
also alot of loser big money put more bet on this
i will step aside .. GL all
Investing is SIMPLE but NOT EASY
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