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USD/CAD

  • #11,041
  • Feb 23, 2017 2:17pm Feb 23, 2017 2:17pm
Bicarus and dianajs , are technicals the reason why you believe that the USD/CAD is headed for 1.3050 ? Do either of you have a current chart that you are using which led you to this conclusion ? I'm in the learning stages and trying to pay attention to as many traders as possible.

Thank You,
"Define the risk OUT of your trade"--Mark Douglas
  • #11,042
  • Feb 24, 2017 12:36am Feb 24, 2017 12:36am
Quoting GreenEarth
Bicarus and dianajs , are technicals the reason why you believe that the USD/CAD is headed for 1.3050 ? Do either of you have a current chart that you are using which led you to this conclusion ? I'm in the learning stages and trying to pay attention to as many traders as possible. Thank You,
check out your D1. rejection of 1.32 twice within the month. nearest area where once attracted buyers interest was 1.305~ area. any in between just noise.
  • #11,043
  • Feb 24, 2017 1:50am Feb 24, 2017 1:50am
Attached Image (click to enlarge)
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Money moves the market, not an indicator.
  • #11,044
  • Edited 2:39am Feb 24, 2017 2:01am | Edited 2:39am
Looking for a quick hit on the 15 minute Wolfe wave. Long @1.3084

SL 12 pips TP 24 pips
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #11,045
  • Feb 24, 2017 2:21am Feb 24, 2017 2:21am
Bicarus , andoseg2 , thank you for your input. The answer was right in front of me but for some reason I guess that I must have gotten "tunnel vision". Thanks again for the help.
Sincerely , GreenEarth.
"Define the risk OUT of your trade"--Mark Douglas
  • #11,046
  • Feb 24, 2017 5:17am Feb 24, 2017 5:17am
USD/CAD got some positive vibes this week and is now trading at 1.3105.
  • #11,047
  • Feb 24, 2017 5:20am Feb 24, 2017 5:20am
Quoting Expo33
Looking for a quick hit on the 15 minute Wolfe wave. Long @1.3084 SL 12 pips TP 24 pips {image}
The soldiers defended the sweet zone admirably. We will take +20 and forget about the CAD CPI later.

Enjoy the weekend.
Pride always comes before destruction.... -Proverbs 16:18
  • #11,048
  • Feb 24, 2017 9:28am Feb 24, 2017 9:28am
Quoting Ill-b-back
A bullish reversal, good buy area I think {image}
and perhaps now a good sell area
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 26 KB
Come with me if you want to live....
  • #11,049
  • Feb 24, 2017 10:40am Feb 24, 2017 10:40am
Quoting andoseg2
{image}
Update : if trade was covered after the strong fall, then we should get stopped out with 0 loss.
Attached Image (click to enlarge)
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Money moves the market, not an indicator.
  • #11,050
  • Feb 28, 2017 7:18am Feb 28, 2017 7:18am
USD/CAD is back to testing 1.3200. I think that next target is at 1.3250 - 1.3260 if it breaks out above the resistance and in my opinion it will, considering the bullish bars on the weekly time frame.
  • #11,051
  • Feb 28, 2017 8:03am Feb 28, 2017 8:03am
dianajs , why do you think the USD/CAD will hit 1.3250 ish ?
"Define the risk OUT of your trade"--Mark Douglas
  • #11,052
  • Feb 28, 2017 8:19am Feb 28, 2017 8:19am
Not a good day for me
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  • #11,053
  • Feb 28, 2017 8:23am Feb 28, 2017 8:23am
Quoting 4xforfun
Not a good day for me {image}
Consider selling now short of 10-15 pips

I activated short "1.3215
Good Luck
  • #11,054
  • Feb 28, 2017 9:51am Feb 28, 2017 9:51am
Anyone , why the sudden spike to 1.3250 USD/CAD ? Interesting. Dianajs , you called it , but , what was your indication that it would achieve this level ?
"Define the risk OUT of your trade"--Mark Douglas
  • #11,055
  • Feb 28, 2017 10:19am Feb 28, 2017 10:19am
You have a sudden shift in the oil price, one of Canada's main exports and also good numbers coming out of the USA. How many times has 1.3 been rejected? Nobody should short this, especially on an "up" day.
Gone to a better place
  • #11,056
  • Feb 28, 2017 10:53am Feb 28, 2017 10:53am
Smikester , I live in Canada. The DXY is lower today. I find that this is far more reliable than the price of oil with this pair. I guess that , to me at least a large number of buy orders suddenly came in to this pair in order to bid it up. Will be interesting if these orders can be absorbed by the market in advance of Trump speaking before Congress. Seems to me that the market is not convinced that Trump can achieve his budget targets. What do you think , looking for your perspective on this. Currently , I see this as a short term spike and we should return to 1.32 within an hour or two.
Regards,
"Define the risk OUT of your trade"--Mark Douglas
  • #11,057
  • Feb 28, 2017 11:23am Feb 28, 2017 11:23am
Quoting GreenEarth
Smikester , I live in Canada. The DXY is lower today. I find that this is far more reliable than the price of oil with this pair. I guess that , to me at least a large number of buy orders suddenly came in to this pair in order to bid it up. Will be interesting if these orders can be absorbed by the market in advance of Trump speaking before Congress. Seems to me that the market is not convinced that Trump can achieve his budget targets. What do you think , looking for your perspective on this. Currently , I see this as a short term spike and we...
Oil is a big subject today. Why? Because the Saudis want $60 this year. Canada sells most of its oil to the USA. Trump wants to cut imports of everything, from everywhere. Whatever you or congress thinks of Trump, he's a businessman. The US oil industry will love this.

On the subject of buy orders, I think a lot of shorts closed, or stops ran. They see 1.3 is holding. These long term shorts are big positions, probably from up there - 1.4 ish. That's my guess. We may test 1.3212 or 1.3210 again.

When will Canada increase interest rates? Dunno. We now know the US is likely to raise rates in March. That is tomorrow.
Gone to a better place
  • #11,058
  • Feb 28, 2017 11:44am Feb 28, 2017 11:44am
Quoting smikester
{quote} Oil is a big subject today. Why? Because the Saudis want $60 this year. Canada sells most of its oil to the USA. Trump wants to cut imports of everything, from everywhere. Whatever you or congress thinks of Trump, he's a businessman. The US oil industry will love this. On the subject of buy orders, I think a lot of shorts closed, or stops ran. They see 1.3 is holding. These long term shorts are big positions, probably from up there - 1.4 ish. That's my guess. We may test 1.3212 or 1.3210 again. When will Canada increase interest rates? Dunno....
Wow . Big change within past 24 hours. Got caught in this sudden snap. I see CDN interest rates staying same. Poloz doesn't seem to be proactive. More passive. March is a very short window for an interest rate increase in the US , interesting. Thanks for the response Smikester.
"Define the risk OUT of your trade"--Mark Douglas
  • #11,059
  • Edited Mar 1, 2017 7:44am Feb 28, 2017 3:10pm | Edited Mar 1, 2017 7:44am
sell
1.3309 sl 1.3350 tp 1.3005 edit moved sl to 1.3367
Attached Image (click to enlarge)
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  • #11,060
  • Feb 28, 2017 3:23pm Feb 28, 2017 3:23pm
Vecher , do you have an approximate timeline on your TP to be triggered , I know that this is variable. Dianajs nailed this trade to a tee today !

Regards,
"Define the risk OUT of your trade"--Mark Douglas
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