Loonie ... the infamous USD/CAD

Quote from usdoutlaw:

oooh bad number for US housing data

exited 1/2 of existing @ 1230 ...

holding last half of existing

raised stops to 1205
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Well I got stopped out and the usdcad just went back up to 1230

should have never moved my stop higher *sigh*
 
Quote from usdoutlaw:

Well I got stopped out and the usdcad just went back up to 1230

should have never moved my stop higher *sigh*
More...

The bottom was in. What do those housing numbers have to do with anything?!?
News = volatility, not trend-change. At least not in timeframes >30mins.
 
Quote from KS96:

USD/JPY is a long here with excellent risk/reward.
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After reviewing a few longerterm charts,
the short trade has also a good R/R.
(Although longerterm bias is still long)
I suppose we just have to wait for the range
to break.
 
Quote from KS96:

The bottom was in. What do those housing numbers have to do with anything?!?
News = volatility, not trend-change. At least not in timeframes >30mins.
More...

Housing numbers can alter the US likeliness to change interest rates

Interest rates are the main driving force behind currency valuation
 
think i am gonna wait it out as its toooo risky at the moment, dealt usd/chf yesterday and even that dropped 70 pips on me from 1.2095 to 1.2025, but confident it will return !!!!


i will come back to the loonie at 1.09 ish, good luck you guys
 
Quote from KS96:

You need to decide whether you are trading fundamentals or technicals.
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Well I like to trade technicals but the macroeconomics say otherwise

I am all out of usdcad L with a pitiful pip profit

I just dont like that US housing number

I think there will be more chances to continue to go long I just want to be time sensitive this week since there are a lot of econ numbers coming out this week

I am looking at the daily chart and thinking maybe another 30-50 pips to the downside before I initiate another buy, not sure ... need to see how the daily closes today and how the hourly behaves
 
Sweet momma ... USDCAD

no clear pullups to sell

no bottom formation for a temporary buy

where do we go? full retracement into last year

I never initiated the buy in the 60s because I was not trading today.

looking to go long if the USDCAD dips below 1100 or if a clear hourly hammer for
a buy. I am not going to wait to see how the next hourly candle forms, i will jsut initiate the buy.
 
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