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USD/CAD... - Page 38

post #741 of 942
6/25/10 at 4:30pm
Thread Starter 
Anyone have a laxative we can send to Canada to shake loose this pair?




-w
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post #742 of 942
6/25/10 at 4:35pm
I'm shorting it here, looking for 18 pips lol.'
Edit, minus spread of course
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post #743 of 942
6/28/10 at 12:08pm
Thread Starter 
1.0350 short triggered...looking for the upper 1.0270's...



-w
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post #744 of 942
6/28/10 at 12:30pm
tried to create a chart, but didn't work
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post #745 of 942
6/29/10 at 11:39am
Thread Starter 
Quote:
Originally Posted by wolf825 View Post
1.0350 short triggered...looking for the upper 1.0270's...



-w

Short trade stopped out...-70....f-u canada..




-w
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post #746 of 942
6/30/10 at 2:51pm
If you wanted to short USDCAD earlier, you must reallllly be wanting to short it up here!

Looks like you have to wait for the USD to cool down.

Gimme 1.08 and I will be very interested... US dollar permitting.
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post #747 of 942
6/30/10 at 3:13pm
Quote:
Originally Posted by StockJock-e View Post
If you wanted to short USDCAD earlier, you must reallllly be wanting to short it up here!

Looks like you have to wait for the USD to cool down.

Gimme 1.08 and I will be very interested... US dollar permitting.
Wow, I could see it hit 1.07-1.08, but I would start a small position around 1.07, and double up at 1.08 if it got there. Would probably be safe at those levels.
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post #748 of 942
6/30/10 at 5:51pm
EUR/CAD went a little crazy
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post #749 of 942
6/30/10 at 6:54pm
was long usd/cad, exit out at 1.0610. I think if this takes a breather, we'll see 1.08 where the next fib level is (50%, 1.0825) on the 1y. Obstacle is resistance @ 1.0725.
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post #750 of 942
6/30/10 at 6:58pm
Quote:
Originally Posted by wolf825 View Post
Short trade stopped out...-70....f-u canada..




-w
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post #751 of 942
6/30/10 at 7:36pm
I just picked up a small short position at 1.0640, will average in the rest if we continue to rise
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post #752 of 942
6/30/10 at 7:57pm
Thread Starter 
Quote:
Originally Posted by StockJock-e View Post
If you wanted to short USDCAD earlier, you must reallllly be wanting to short it up here!

Looks like you have to wait for the USD to cool down.

Gimme 1.08 and I will be very interested... US dollar permitting.

You bet I am wanting to short this pair HUGE now...but not seeing the set up yet for a good entry I am comfy with..to me there are warning flags going off right now to step back from the USD.. As others have noted--the 1.07 area may be viable for this pair to short from....but the action across the boards has been ridiculous to even try and make sense of..

And...I'm getting a huge overwhelming sense that there is a big ole bucket of BS flying around right now...with the USD being blown up like a balloon & the US stock markets being run from like the plague... Folks are flocking to the currency and off the stock market...and IMO just as fast they will drop the USD when it has peaked...and this little USD rally is gonna have just as sharp and sudden a deflation when the hot air gets done. I don't trust to sit long or short right now on anything for any length of time...

If the NFP is a crap number this week and next weeks econ numbers blow (which could be part to why this is being so blown up going into a US holiday weekend)--best check the rug under your feet lest it gets pulled out from under you... we'll be right back where the prices were a week ago when everything retraces back to balance...



-w
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post #753 of 942
6/30/10 at 9:06pm
Quote:
Originally Posted by Bassix View Post
was long usd/cad, exit out at 1.0610. I think if this takes a breather, we'll see 1.08 where the next fib level is (50%, 1.0825) on the 1y. Obstacle is resistance @ 1.0725.
Agreed. I think we could see it in a day or two, but after that I think it will cool off and head back down for a bit.
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post #754 of 942
7/1/10 at 4:54pm
Ok Wolf, we got overnight highs in the 1.067 area, are we done or one more push?

June 6th highs are right here, lots of May resistance in the 1.074 region.

Ill short 1.0650ish, add 1.07ish, bail and curse the loony if it touches 1.08 were I get stopped out.
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post #755 of 942
7/1/10 at 5:24pm
We could see a nice sell off if we are able to break 1.057. That will be a strong signal of broken trend line to me
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post #756 of 942
7/1/10 at 5:43pm
Quote:
Originally Posted by mattman27 View Post
We could see a nice sell off if we are able to break 1.057. That will be a strong signal of broken trend line to me
Thinking the exact same thing. Watching here very carefully. Would love to see some consolidation, so we can take out some stops on the break
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post #757 of 942
7/1/10 at 5:57pm
What kind of targets are you looking at?
I'm looking to pull at the s/r, or the TL, and if they intersect, I'll probably pull and go long... though not very likely

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post #758 of 942
7/1/10 at 5:57pm
Thread Starter 
Quote:
Originally Posted by StockJock-e View Post
Ok Wolf, we got overnight highs in the 1.067 area, are we done or one more push?

June 6th highs are right here, lots of May resistance in the 1.074 region.

Ill short 1.0650ish, add 1.07ish, bail and curse the loony if it touches 1.08 were I get stopped out.

I think its done...its hesitating a lot and the data today sucked--its all up to the NFP tomorrow which is a HUGE risky day to trade anything... Mattman (good eye on the S&R grasshopper) has IMO the right idea--a break outside the box area of that 1.0570 area--should be a good trigger to short... it just has to then stay under....

For the cautious--and we all should be somewhat cautious...I would scale in a small short at 1.0570..and look for a validation move to hit at 1.5045 to short the rest... This could go a long way...targets at 1.0495 and again back 100 pips into the 1.03's if the confidence in the USD fully fails on the NFP #... 1.0460 is the key support to break IMO to see the 1.03's...and if it trips open my short in 24 hrs I will hold this open thru the weekend...

I'm tired of the damn canadians f'n up my batting average here this past couple weeks..



-w
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post #759 of 942
7/1/10 at 6:00pm
Quote:
Originally Posted by wolf825 View Post
I think its done...its hesitating a lot and the data today sucked--its all up to the NFP tomorrow which is a HUGE risky day to trade anything... Mattman (good eye on the S&R grasshopper) has IMO the right idea--a break outside the box area of that 1.0570 area--should be a good trigger to short... it just has to then stay under....

For the cautious--and we all should be somewhat cautious...I would scale in a small short at 1.0570..and look for a validation move to hit at 1.5045 to short the rest... This could go a long way...targets at 1.0495 and again back 100 pips into the 1.03's if the confidence in the USD fully fails on the NFP #... 1.0460 is the key support to break IMO to see the 1.03's...and if it trips open my short in 24 hrs I will hold this open thru the weekend...

I'm tired of the damn canadians f'n up my batting average here this past couple weeks..



-w
Bleh, forgot about nfp.... hate having positions for that crapshoot
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post #760 of 942
7/1/10 at 6:07pm
Thread Starter 
Quote:
Originally Posted by AgainstAllOdds View Post
Bleh, forgot about nfp.... hate having positions for that crapshoot

Yep..it could get whippy...$/CAD rarely will 'whipsaw' more then 60-75 pips tho...set your stop outside that area and you should be able to ride it out provided the # doesn't screw us all and send this to 1.08..to which I'll be pissed as my stop will be up towards there....but 'risk is our business'..to a degree of course...

Always play within your comfort zone--and if your comfort zone means sitting it out or waiting for something you feel better about for a trade--that is perfectly OK..if your comfort zone means pulling out and re-entering after the NFP--that is perfectly OK too..if your comfort zone is to try for 10 or 20 pips and nothing more--that is also fine.l... Remember here is no 'boat' to miss....no 'one big trade' you wait for...the boats come and go all the time. You never want to trade to 'make' your account in one trade....just like you never want to trade to 'break' your account in one trade either.. you want to trade safe and trade smart but always do so with your own risk exposure in mind to live to trade another day...


-w
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