Usd/cad

[faure]

Quote from downrivertrader:

What's your downside target?

I'm looking for 1200/1150 to start getting long again for a move above 1400.

 

[Ivanovich]

Just shorted at 1.1315 - oil and gold prices should continue this level until the mideast calms, and this is fundamentally supportive to CAD and detrimental to the USD. Additionally, the 1350 area is tough resistance.

I've put a stop up at 1380 or so and will take profit on a 1240 bounce.

 

[DrawDown]

Quote from Ivanovich:

oil and gold prices should continue this level until the mideast calms,

YOU think the mideast is going to CALM??

dRaWdOwN

 

[Ivanovich]

You trying to pick a fight to get this thread closed too?

The mideast will calm - relatively speaking - as it always does once these explosions of anger subside. And then people will focus on NK, or whatever else they usually do.

So go back to your EUR thread, post a CAD trade here, or I'll go there and pick a fight with you in it.

 

[DrawDown]

Quote from Ivanovich:

Just shorted at 1.1315 - I've put a stop up at 1380 or so and will take profit on a 1240 bounce.

Just opened a LONG @ 1.1305 - TP @ 1.1380.

Reasoning: Taking the other side of Ivansky.

No other analysis needed.

dRaWdOwN
1.1307

 

[Ivanovich]

Excellent. Best of luck in your trade. Incidently, where is your stop?

 

[Ivanovich]

Quote from Ivanovich:

Excellent. Best of luck in your trade. Incidently, where is your stop?

Skalpz? You still there?

No stop? Or no real trade?

 

[Ivanovich]

That's what I figured - you can't answer the question. Nevermind, I think we all got our answer.

 

[faure]

Quote from faure:

I'm looking for 1200/1150 to start getting long again for a move above 1400.

I'm getting really nervous about this trade and I've taken half off at 1315. Any more consolidation and I'll look to buy dips to 1300.

 

[Ivanovich]

I'm confused. Did you make a trade, or were you simply looking to get long?