So did any of you longs get in at the bounce? Still waiting for a slow down for another short. .9880-.9890 should be interesting.

USD/CAD

Well I lied... looking to short again at this .9875. Will wait for a turn on the 15min Macd though. TP will be .9860. 1h hour MACD shot postive after the .9840 bounce which makes me a little nervous, but it probably burned up the momentum during the ...

USD/CAD

Looks like the EUR/USD hammered the USD across all pairs this morning. Two things to be noted. USD/CAD has hit resistance below the .9860 level again, and the relatively short move (compared to EUR/USD) suggests/confirms the CAD is over bought. I ...

USD/CAD

Contrarian investing is well documented. The problem is, everyone wants to be contrary, which makes it the majority. So maybe you should think like the 95% when the 95% are thinking like the 5%. Except when the 95% is 50%... and you should flip a ...

Go against it

Gone short again at .9895, TP target .9875. 15min showing a short term reversal back down again. 1h and daily are looking more like a bullish reversal though. I'm expecting mostly sideways until wednesday though.

USD/CAD

Self sufficiency definitely has been lost over the last few decades. I agree with you two that this recessive decade has been a great learning experience for a lot of young people. Less and less young people feel like they're obligated to everything ...

What do you do in between waiting?

I like the trend lines, but I would much rather short it to the resistance and buy or sell after the fomc minutes. Any definitive QE talk could definitely send this thing right through the .9800 level. Flip side, any dovish comments could definitely ...

USD/CAD

CPI just barely forced a touch of my sell order at .9900. We'll see if it holds down to the .9960 test again once NY opens.

USD/CAD

W — I am definitely not dismissing the chance of market unravelling (use/cad rising). However there are some flaws fundamentally in the reasoning the CAD should depreciate vs the USD if the market continues to rally or move sideways. Of course ...

USD/CAD

The problem with the long position is there currently is not many fundamentals to back it up except for a risk off meltdown. CAD seems to be performing well for two reasons. #1 A bit of risk-on trading back into energy and materials #2 Canada is ...

USD/CAD

Are we going to see the .9900 test today??? Wondering how many long stops are at .9890...

USD/CAD

Nice catch!

USD/CAD

A bit too drawn out for my liking. .9910 is proving to be some decent resistance. I'm still short from the .9920 test last friday though. Oil's up a bit this morning. Thinking that will help CAD once the TSX opens this morning. TP is at .9890.

USD/CAD

Preach! Great thread.

Dating Tips for Traders

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