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  • #10,421
  • Aug 7, 2016 7:24am Aug 7, 2016 7:24am
Quoting pipsnatchin
This is what I've come to conclude....can anyone tell me why this is incorrect, IF it is??? {image}
You were just guessing the direction of a bounce at the S/R level to the downside. Get there first and let price action tell you what is next. Patience is key M8, Lol

KP
Do your homework, follow the footprints of smart money
  • #10,422
  • Aug 7, 2016 7:45am Aug 7, 2016 7:45am
Quoting pipsnatchin
This is what I've come to conclude....can anyone tell me why this is incorrect, IF it is??? {image}
Wait for price action present itself...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #10,423
  • Aug 7, 2016 9:12am Aug 7, 2016 9:12am
lets see how this week plays out
Drawdown is more important than Account Size !
  • #10,424
  • Aug 7, 2016 9:38am Aug 7, 2016 9:38am
Once it takes 1.32 it is moving up, probably going back to 1.40-1.45 area.Regardless, I am going to be buying USDCAD at dips.


Quoting procrude
lets see how this week plays out
Its all in the mind.
  • #10,425
  • Aug 7, 2016 9:49am Aug 7, 2016 9:49am
Quoting 5abi
Once it takes 1.32 it is moving up, probably going back to 1.40-1.45 area.Regardless, I am going to be buying USDCAD at dips. {quote}
depends on oil.If oil keeps above 40 and pushing to 45 you'll see most likely 3050 -30 again.
In order for your projection to materialize you need oil to be at 35 and don't see that yet.
regards
In trading, you have to be defensive and aggressive at the same time
  • #10,426
  • Aug 7, 2016 9:54am Aug 7, 2016 9:54am
Past few weeks it has uncoupled from oil. Oil has fallen 20 % in past few weeks and CAD has not budged much. I do think the Canadian economic indicators will continue to worsen over next few months and US will either raise rates or at the very least continue to churn out lukewarm numbers. This would mean upward pressure on USDCAD. The charts actually look very ominous, lot of pressure building up against that 1.3240 resistance and its a matter of time it breaks. I think other crosses like GBPCAD will provide even stronger uptrend.




Quoting Davit
{quote} depends on oil.If oil keeps above 40 and pushing to 45 you'll see most likely 3050 -30 again. In order for your projection to materialize you need oil to be at 35 and don't see that yet. regards
Its all in the mind.
  • #10,427
  • Aug 7, 2016 9:59am Aug 7, 2016 9:59am
Quoting 5abi
Past few weeks it has uncoupled from oil. Oil has fallen 20 % in past few weeks and CAD has not budged much. I do think the Canadian economic indicators will continue to worsen over next few months and US will either raise rates or at the very least continue to churn out lukewarm numbers. This would mean upward pressure on USDCAD. The charts actually look very ominous, lot of pressure building up against that 1.3240 resistance and its a matter of time it breaks. I think other crosses like GBPCAD will provide even stronger uptrend. {quote}
Oil falling did have an impact on UC specially on crosses.I don't think its uncoupled as you put it.
Anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #10,428
  • Aug 7, 2016 10:02am Aug 7, 2016 10:02am
Green pips to you as well my friend. Up OR down, we will trade it as the trades appear.

Quoting Davit
{quote} Oil falling did have an impact on UC specially on crosses.I don't think its uncoupled as you put it. Anyway green pips
Its all in the mind.
  • #10,429
  • Aug 8, 2016 8:04am Aug 8, 2016 8:04am
There is a spinning top candlestick on the daily time frame below the resistance at 1.3200 and I think that for now the pair will reach the support at 1.3100 again.
  • #10,430
  • Aug 8, 2016 10:14pm Aug 8, 2016 10:14pm
The USDCAD stalls at the 1.3200 level, but a breakout may take it to the 1.3300 level.
  • #10,431
  • Aug 9, 2016 12:58am Aug 9, 2016 12:58am
The technicals favour a northward move of USDCAD atm.

KP
Do your homework, follow the footprints of smart money
  • #10,432
  • Aug 9, 2016 6:05am Aug 9, 2016 6:05am
There is a double top below the resistance at 1.3190, I think we will see a further move to the downside before the pair continues rising.
  • #10,433
  • Aug 9, 2016 6:14am Aug 9, 2016 6:14am
Quoting KeenPips
The technicals favour a northward move of USDCAD atm. KP
That was 5 hours ago; the USDCAD is in sideways play atm.

KP
Do your homework, follow the footprints of smart money
  • #10,434
  • Aug 9, 2016 7:12am Aug 9, 2016 7:12am
usdcad is going down according to what i can see
Drawdown is more important than Account Size !
  • #10,435
  • Aug 9, 2016 9:26am Aug 9, 2016 9:26am
Any news?
  • #10,436
  • Aug 10, 2016 9:48am Aug 10, 2016 9:48am
Yesterday the double top was a very clear signal for a move to the downside and the pair reached the support at 1.2990 but then rebounded from it. I think that next target to the upside is around 1.3080.
  • #10,437
  • Aug 11, 2016 7:07am Aug 11, 2016 7:07am
Long, my ea say long. (sl put manual some pips below)

EA IS STUPID
  • #10,438
  • Aug 11, 2016 7:51am Aug 11, 2016 7:51am
ucad having such a hard time crossing 1.3060
  • #10,439
  • Aug 11, 2016 8:58am Aug 11, 2016 8:58am
Who is going short UCAD for the ride down?
  • #10,440
  • Aug 11, 2016 9:39am Aug 11, 2016 9:39am
I have a short position that I opened after the pair reached 1.3080. My target is at 1.3000.
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