Attachments: USD/CAD

USD/CAD

#9,121
Jan 21, 2016 8:34am Jan 21, 2016 8:34am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Quoting FXClarity

Disliked

I agree, this is the reaction point and if it's going back up : right here is where the buy orders are stacked

Ignored

Where buy orders are stacks is where buyers can really be hurt.

But I think the psychological trauma of the first 2 weeks has not faded yet, so any dip may trigger that "buy the dip" kind of mentality. It all takes time.

#9,122
Jan 21, 2016 8:45am Jan 21, 2016 8:45am

arigoldman
| Joined Oct 2014 | Status: Trader | 915 Posts

Bearish on this one.

#9,123
Jan 21, 2016 8:49am Jan 21, 2016 8:49am

Tiggrrr
| Joined Oct 2013 | Status: Trader | 327 Posts

I am waiting for a right shoulder to form before plugging in any shorts...

Take what the market gives you.

#9,124
Jan 21, 2016 9:17am Jan 21, 2016 9:17am

danielwang
| Joined Jan 2016 | Status: Trader | 88 Posts

missed such a good chance to short USDCAD...

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#9,125
Jan 21, 2016 9:32am Jan 21, 2016 9:32am

james1254
| Joined Sep 2015 | Status: Trader | 1,232 Posts

I shorted and my target is 1.4200. I wonder whether this is the end of the bullish trend.

#9,126
Jan 21, 2016 9:54am Jan 21, 2016 9:54am

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Tick tock tick tock

#9,127
Jan 21, 2016 9:55am Jan 21, 2016 9:55am

dcavar
| Joined Feb 2015 | Status: Trader | 143 Posts

Quoting Ken A

Disliked

Tick tock tick tock

Ignored

Ken, you still long oil?

#9,128
Jan 21, 2016 9:58am Jan 21, 2016 9:58am

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Quoting dcavar

Disliked

{quote} Ken, you still long oil?

Ignored

Yes but my risk is only 2 ticks

Attached Image

.........

Well, looks like market is in buying mode

Thanks to Draghi's rally

#9,129
Jan 21, 2016 10:05am Jan 21, 2016 10:05am

dcavar
| Joined Feb 2015 | Status: Trader | 143 Posts

Ok here we go....up up!

already in EURCAD & CADCHF

#9,130
Jan 21, 2016 10:12am Jan 21, 2016 10:12am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

OIL OPEC PUMP

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#9,131
Jan 21, 2016 10:52am Jan 21, 2016 10:52am

BugattiBoy
| Joined Mar 2015 | Status: Trader | 84 Posts

Can any of you experienced oil traders tell me why when oil inventories was 0.2M prices dropped, now they have 4M oil prices are up, does this mean that they keeping the oil to sell it at higher prices? meaning at 0.2M they had less oil in stock coz they were selling it at those low prices now they not willing to sell at these low prices and have 4M in stock

#9,132
Jan 21, 2016 10:56am Jan 21, 2016 10:56am

eugenyk
| Joined Feb 2012 | Status: Trader | 246 Posts

wow, it's unstoppable

#9,133
Jan 21, 2016 11:03am Jan 21, 2016 11:03am

realdream333
| Joined Jan 2013 | Status: Trader | 43 Posts

oil might be bottoming here, plus weekly resistance hit. not sure how far south were going, but the bears are here

#9,134
Jan 21, 2016 11:14am Jan 21, 2016 11:14am

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Ok It's done now

Take a short at Crude

Note: this is not trade recommendation

#9,135
Jan 21, 2016 11:29am Jan 21, 2016 11:29am

TheFxAnalyst
Joined Jan 2016 | Status: back to the lab again | 425 Posts

This is probably about all we're going to see today. Personally I'm hoping it continue's to grind lower over the next several weeks. I'll be sitting on my thumbs till then watching it all play out.

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