Adventures in Trading with a Killer

[Hedge Fund Killer]

Long USD/CAD @ 1.2930. S/L @ 1.2920.

 

[Hedge Fund Killer]

Trades for the Week Ending 6/8/2018

 

[Hedge Fund Killer]

Long USD/CAD @ 1.2930. S/L @ 1.2920.

USD/CAD @ 1.2976. S/L raised to 1.2930.

Today, I checked on my long USD/CAD position in the Sydney session. USD/CAD had gap up nearly 75 pips to 1.3000. After the G-7 summit in La Malbaie, Quebec, Canada, Prime Minister Trudeau said that Canada will reply with retaliatory tariffs to the tariffs on aluminum and steel by the United States. Unfortunately, a trade war between Canada and the United States would be a war that Canada would lose. Why? Seventy-six percent of Canadian exports are sent to the United States, whereas twenty-one percent of U.S. exports are sent to Canada. This explains the 75-pip gap up in USD/CAD over the weekend.

 

[Zodiac4u]

USD/CAD @ 1.2976. S/L raised to 1.2930.

Today, I checked on my long USD/CAD position in the Sydney session. USD/CAD had gap up nearly 75 pips to 1.3000. After the G-7 summit in La Malbaie, Quebec, Canada, Prime Minister Trudeau said that Canada will reply with retaliatory tariffs to the tariffs on aluminum and steel by the United States. Unfortunately, a trade war between Canada and the United States would be a war that Canada would lose. Why? Seventy-six percent of Canadian exports are sent to the United States, whereas twenty-one percent of U.S. exports are sent to Canada. This explains the 75-pip gap up in USD/CAD over the weekend.
View attachment 187136

I do like your good fortune with this trade, but for me, exiting after a gap up would be a good play, due to possible attempts to close the gap.

 

[Zodiac4u]

Very surprising day, 70 area is no longer. Now the next concrete barrier is 2784. This is calculated from March 13th's high and today's low. As a further note march 14th's high is 2783.50.

We need to get over 84 today.

 

[Zodiac4u]

we have a good band of support here possibly at 80.50 and 79.25 here. ES, that is.

 

[Zodiac4u]

We've closed weak on the thirty minute bar. lets see how high we pull up before we go down to retest the support band.

 

[Zodiac4u]

We've closed weak on the thirty minute bar. lets see how high we pull up before we go down to retest the support band.

Higher than expected. we appear to be on the firm side today.

 

[Zodiac4u]

Two weak closes on the 30mn, but the balloon machines are on. Price action similar to earlier last week.

 

[Zodiac4u]

Crude is on the firm side, 30mn bands are wide and it appears we are having trouble in the 65.66 area. 200ma on the 60mn. Over or back down?

 

[Zodiac4u]

2806, 2795, 2790, my resistance points today.