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USD/CAD

  • #9,781
  • Apr 29, 2016 5:27am Apr 29, 2016 5:27am
Quoting smikester
{quote} So prosaic.
really?

look at it, the titanic shrinking image.. i can hear the sound of violins performing their last musical piece, the screamings of people (in this case, usdcad buys holders), somebody that went nuts and decide to abandon the ship, jumping on the ice cold water.


and then there's me, yeah i stay in the boat too, and i'm watching and thinking: "fuck this shit".

learn the art and put it aside

  • #9,782
  • Apr 29, 2016 5:31am Apr 29, 2016 5:31am
Quoting tunera
{quote} really? look at it, the titanic shrinking image.. i can hear the sound of violins performing their last musical piece, the screamings of people (in this case, usdcad buys holders), somebody that went nuts and decide to abandon the ship, jumping on the ice cold water. and then there's me, yeah i stay in the boat too, and i'm watching and thinking: "fuck this shit". learn the art and put it aside
Now that's a bit better...
Gone to a better place
  • #9,783
  • Apr 29, 2016 5:32am Apr 29, 2016 5:32am
Violins? All I can hear is Johnny Cash's 'Ring Of Fire!'!' "Went down down down, but the pips went higher!
  • #9,784
  • Apr 29, 2016 5:44am Apr 29, 2016 5:44am
on a more wishful thinking, i think if a short squeeze is going to happen, a good target for buyers can be around 1.32.

it's a long run, but.. that's what my charts says.

  • #9,785
  • Apr 29, 2016 6:56am Apr 29, 2016 6:56am
The last LONG @ 1.2525----SL 1.2481----TP1 1.2682
maybe will see the titanic going out of the sea...!
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  • #9,786
  • Apr 29, 2016 7:36am Apr 29, 2016 7:36am
why the hell USD CAD not going up !!! I am really confused
  • #9,787
  • Apr 29, 2016 7:56am Apr 29, 2016 7:56am
Quoting tom2015
why the hell USD CAD not going up !!! I am really confused
classic move. Down and up

got in with long 1.2505
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #9,788
  • Apr 29, 2016 8:49am Apr 29, 2016 8:49am
Quoting eqshack
{quote} classic move. Down and up got in with long 1.2505
I still don't see a long position being justified on this pair,. With such a long downtrend why go against the grain?
Trade like a sniper not a machine gun
  • #9,789
  • Apr 29, 2016 9:48am Apr 29, 2016 9:48am
Quoting JunkyFX
{quote} Got taken out overnight at last week low. Can't say I didn't try, held it for a week but we all gotta follow some kind of rules. Good sign for longs. Should be some action one way or the other, or both next couple days.
Man 125 is trying.
  • #9,790
  • Apr 29, 2016 9:52am Apr 29, 2016 9:52am
Quoting Iglootrader
{quote} I still don't see a long position being justified on this pair,. With such a long downtrend why go against the grain?
I agree... Unless you have a a crystal ball and you know the bottoms or the peaks ahead of trend formation...! Does any one have a crystal ball for sale...? A used one..
  • #9,791
  • Apr 29, 2016 9:58am Apr 29, 2016 9:58am
Quoting ahmedfouad77
{quote} I agree... Unless you have a a crystal ball and you know the bottoms or the peaks ahead of trend formation...! Does any one have a crystal ball for sale...? A used one..
Exactly, this isn't a newly established trend that may reverse.. It may reverse. But until I get some hard evidence of such I'm riding this down. Up about 90 pips from my short yesterday. Probably going to close it out for the weekend soon. Good luck to all!
Trade like a sniper not a machine gun
  • #9,792
  • Apr 29, 2016 10:06am Apr 29, 2016 10:06am
Hello All. Would you recommend closing for the weekend? Am finally in good profit, but wouldnt want to lose them? Thanks
  • #9,793
  • Apr 29, 2016 10:14am Apr 29, 2016 10:14am
Quoting lukyman
Hello All. Would you recommend closing for the weekend? Am finally in good profit, but wouldnt want to lose them? Thanks
Personally I never feel overly comfortable leaving my trades for the weekend, sometimes big news drops can affect the pair.. So I like to close out my position if I'm in a good spot and take my profits.. And gather a strategy for the next week.
Trade like a sniper not a machine gun
  • #9,794
  • Apr 29, 2016 10:17am Apr 29, 2016 10:17am
Thanks
  • #9,795
  • Apr 29, 2016 12:40pm Apr 29, 2016 12:40pm
Quoting moto28
The last LONG @ 1.2525----SL 1.2481----TP1 1.2682 maybe will see the titanic going out of the sea...! {image}
out all position at 1.2562 +38 pips 82% r/r, i'll see monday for another long above 1.26
  • #9,796
  • Apr 29, 2016 1:24pm Apr 29, 2016 1:24pm
Quoting eqshack
{quote} classic move. Down and up got in with long 1.2505
Good call
  • #9,797
  • Apr 29, 2016 3:23pm Apr 29, 2016 3:23pm
Closed out last short of the day +115 pips. . Let's see what next week brings us. Won't be overly eager to open another trade however if oil continues to rally the loonie will Continue to boost. Have a good weekend traders!
Trade like a sniper not a machine gun
  • #9,798
  • Edited 5:29pm Apr 29, 2016 5:11pm | Edited 5:29pm
Spend the early hours short scalping, gained approximately 120 UC. 4 more scalps from other pairs netting me 165 but UC was the one moving for me Got left with one still running, forgot to set a target while I slept. 1 pip down atm on that one. The first trade on chart was one I'd had running all day, slowwwww but finally made it

Currently in NZ, time for trading's totally different from trading Perth where I get to trade evenings, took a while to adjust. Back to Perth on Monday
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"You know what needs to be addressed , completely completely reverse that".
  • #9,799
  • Apr 29, 2016 8:36pm Apr 29, 2016 8:36pm
Coming close to my refill long position level. I see this pair making huge swings on short durations. Looks like big retails closing their short positions systematically leaving small trader shorts to take the brunt of next week's oil price correction.
  • #9,800
  • Apr 30, 2016 3:01pm Apr 30, 2016 3:01pm
Quoting gerrard8
Coming close to my refill long position level. I see this pair making huge swings on short durations. Looks like big retails closing their short positions systematically leaving small trader shorts to take the brunt of next week's oil price correction.
what makes you sure that retails are systematically closing shorts? Also, why do you think oil will go through a correction next week and not in a month?
Trade like a sniper not a machine gun
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