Adding another quarter position at .9925... or out... hmmm

USD/CAD

My equities have had such a nice run for the last week... Holding opposite positions really helps digest the market moves without getting too emotionally involved.

USD/CAD

Yeah, nice call again. Barely touched the buy order.

USD/CAD

Looks like pressure from USD news too, pushing down USD/CAD. Check out the CAD/JPY sell off, yowza.

USD/CAD

Alrighty, waiting for that 1min to sell off and base a bit. Then I'll get in for a partial bit. Fairly decent looking bullish divergence on the 4h and the MACD is well into positive territory.

USD/CAD

Good gracious lol. Should have pulled the trigger.

USD/CAD

Nice call so far! Interesting numbers for CAD today while the market digests the chinese data. Bias is slightly long here. Kills me to stay out, but not too sure if we'll get a "Chinese-stimulus" bear run and/or good job data.

USD/CAD

Pretty solid hold so far for the third consecutive test of 82.75 AUD/JPY. Going long, tight stop. PS. When do we bet to see the bull rush from Chinese stimulus speculations after the surprise slump?

Aussie Trading Room and Cartoons Gallery

Anyone else considering Carney's comments today highlighting the increasing attractiveness of CAD as a safe haven and a front running position to see an interest rate increase? I look at the number of investors chasing yield stocks and the AUD and ...

USD/CAD

Awesome, I love it haha. If speculative trading is miniscule... Technical analysis is much more interesting to me because it paints a picture of trading patterns that the primary market mover (equities, commodities etc.) are unaware of.

Percentage of Forex that is strictly currency trading?

Technically I don't see too much support here other than the day's low and the .9900 psych level. I'm moderately comfortable shorting here at .9925 until .9900 (maybe even test that tough .9880 resistance).

USD/CAD

That is ideal. I suppose my struggle is closing out the loss and having confidence to get back in. Self-inflicted mind games haha.

USD/CAD

Yes, much better word haha. What percentage is speculative. I figured that would be the closest estimate the way your described (calculating known exchange volumes versus estimated total currency volume). It would be interesting to see if certain ...

Percentage of Forex that is strictly currency trading?

It may one day bite me. But I'm not a huge fan of "stop losses". If I get out of a trade, I go through the exercise of taking an opposite position. I.E. If I'm long USD/CAD right now. If I want to initiate a stop loss, I instead ask myself if I'm ...

USD/CAD

I like long positions at these levels as long as I had the margin to see it through for a few months. In my eyes, CAD is still benefiting from the sidelined cash and the "risk on". So either we go into another panic "risk off" - USD jumps. Or we ...

USD/CAD

I will quit if my second account ends up like my first. I am in a much better place once I understood the bigger picture of foreign exchange. Also, not understanding why I lost money in my first account was the primary reason it ended so poorly.

At What Point Do You Give Up On Forex

If you go back to the last time we were in this area (April) there were approximately 5 out of the 20 trading days that bounced off the .9920-.9930 level. Looks like a significant level until we get down to the .9890 and .9800 lows.

USD/CAD

It's weak. But just helps illustrate the slowing momentum. image

USD/CAD

1h and 4h is showing some bullish divergence. But we just got another lower low on the hourly. TP'd half. Looking for a test of .9925.

USD/CAD