USDCAD

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Re: USDCAD

Postby yeahbah » Fri Sep 25, 2009 2:04 am

It's not really sayang. Experience, timing and knowledge is worth the time you spent in demo trading. Believe me you'll never run out of opportunities in the market lalong lalo na sa Forex.

Inabangan ko talaga ang move na yan simula nung ginawa mo ang thread na ito he he.

Bias is now on the long side. Watch that resistance line you drew on the dailies ;)

That 206 pips is multiplied by 3 mini lots :D

madali lang gamitin forextester: http://forextester.com/howtouse.html

may video na rin dyan.

enjoy testing ;)
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Re: USDCAD

Postby hunter » Fri Sep 25, 2009 2:09 am

i should have listened... now i know the true power of back testing..

what do you mean, simula sinimulan ko thread na to?

how cool that the market also anticipated fed slowly withdrawing funds from the market.. ganda ng timing... cool!

so mag sshort kana after nito? but i think it has broken the major diag res line e.. but this is only a correction, or so i think..

what do you think, yeahbah?
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Re: USDCAD

Postby hunter » Fri Sep 25, 2009 2:26 am

look how USD rallies... amazing.. stopping just for breather, then go up again..

never saw a rally like this before, execpt EU, rallying 400pips but in 2 days..

yeahbah, can i be your student? :D seems there are lots of flow in my trading strategies... please...? :idea:
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Re: USDCAD

Postby yeahbah » Fri Sep 25, 2009 2:28 am

Balikan mo yung pinaka unang chart sa thread na ito -- It's your chart ;)

I'm a counter trend boy so I advised that we start looking to buying opportunities and yesterday was that buying opportunity :ugeek:

This is how I see the psychology. Traders was expecting the feds to increase the interest rates thus giving the dollar a 'lil push hours before the decision. Since the feds decided to leave the rate unchanged, those who pushed the dollar up got disappointed resulting to the drop that happened the very minute the rate was announced. Now those who believed that everything is all good (fundamentals) started buying up the greenback.

Just my opinion :D

I'm not sure what my next move will be but most probably I'm going to be biased on the long side; taking advantage of every pullback of the dollar. I might start looking for shorting opportunities on EURUSD.

Pero depende na rin kung sipagin ako. Mahirap ang may day job he he
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Re: USDCAD

Postby hunter » Fri Sep 25, 2009 2:34 am

meaning the bias near term is still bullish USD?

day job, and you're still up 230am in the morning? lol.. i thought you don't like to trade FX because movers are the yankees and english.. hehehe..

hmmm.. i've cancelled my short on UCAD 1.093, because it looks like it is still going up.. and AU and NU are still going down, seems like no stopping them.

actually, on my chart, i was having doubts of what the meaning of consolidation on the bottom part. the trend line is still diagonally bearish, but the price movements are moving slower and little.. now i know that they are consolidation and some kind of signal that the trend is going to reverse.. lessons... lol..
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Re: USDCAD

Postby yeahbah » Fri Sep 25, 2009 2:40 am

hunter wrote:look how USD rallies... amazing.. stopping just for breather, then go up again..

never saw a rally like this before, execpt EU, rallying 400pips but in 2 days..

yeahbah, can i be your student? :D seems there are lots of flow in my trading strategies... please...? :idea:


400pips is just few minutes in GBPJPY :lol:

you my student? I'm not sure if I could handle the responsibilities he he post ka lang ng post ng charts then we'll brain storm ;)

Eto assignment mo (ha ha):

punta ka sa fxstreet.com panoorin mo lahat ng webinars ng dalawang pogi na ito:

Rob Booker -- Support & Resistance trading
Phil Newton -- Support & Resistane, Price Action

Yang dalawa na yan ang base / foundation.

* Read Adventures of a Currency Trader by Rob Booker

* Learn Fibonacci retracements / extension.

* Then take all the stuff you've learned from above and combine it with the holy grail nyahaha! => http://harmonictrader.com/

* Visit the Members Only forum. I've explained some shit there.

* Concentrate on just 1 or 2 currency pairs
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Re: USDCAD

Postby yeahbah » Fri Sep 25, 2009 2:47 am

hunter wrote:meaning the bias near term is still bullish USD?

day job, and you're still up 230am in the morning? lol.. i thought you don't like to trade FX because movers are the yankees and english.. hehehe..

hmmm.. i've cancelled my short on UCAD 1.093, because it looks like it is still going up.. and AU and NU are still going down, seems like no stopping them.

actually, on my chart, i was having doubts of what the meaning of consolidation on the bottom part. the trend line is still diagonally bearish, but the price movements are moving slower and little.. now i know that they are consolidation and some kind of signal that the trend is going to reverse.. lessons... lol..


I'm not in Pinas, dito ako west side he he

Yes bullish on USD. Check out the dollar index -- extremely oversold. malaki kikitain natin dyan ... buy low sell
high ;)

Don't fight the trend he he

Signs are all over the place that USDCAD has hit bottom: Inverse H&S, AB=CD + RSI BAMM, Broken resistance lines.

Are you trading live? if you are, pahinga ka muna. Sayang ang pera he he ;)
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Re: USDCAD

Postby hunter » Fri Sep 25, 2009 2:57 am

cool! yippee! now i have a mentor.. just like the guy in the story of forex trader.. :) yep, i've already read it, it's really good, gave me inspiration, that's why i'm also looking for a mentor.. :) thanks po.. :D

oh goody! a filipino in the other end of the world.. lol.. yeah, fxstreet is where they are now. :) are those webinars free? hehehe.. don't want to spend anymore.. lol..

are you also an alumni of absolute trader, yeahbah?

opo, i cancelled my remaining pending orders already, because it seems, USD bulls are in control now, not even discounting where the Asian markets will correct.. lol..

what pairs am i going to study yeahbah? they said, EU is where the best traders are, so i think we'll be leaving that pair? UCAD, AU and NU are cousins, and so far they move alike. NU seems to be the strongest among the 3...

post niyo lang po ung assignments ko, i need to sleep this over.. lol.. my eyes are burning already and my heart is slowly slowing down, so i can sleep now.. lol..
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Re: USDCAD

Postby hunter » Fri Sep 25, 2009 3:01 am

* Read Adventures of a Currency Trader by Rob Booker

* Learn Fibonacci retracements / extension.

* Then take all the stuff you've learned from above and combine it with the holy grail nyahaha! => http://harmonictrader.com/

* Visit the Members Only forum. I've explained some shit there.

* Concentrate on just 1 or 2 currency pairs[/quote]


yep, ganda ng pdf file na yan, read it for only 2 days ata, i guess, i need to read it again..
what do you think about this site? http://www.babypips.com/school/
members only forum, where's that? sa forum na to? panu ba pumasok dyan?

thanks po ng maraming marami yeahbah... kuya or ate? tito or tita?
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Re: USDCAD

Postby yeahbah » Fri Sep 25, 2009 3:06 am

Di ako napunta ng babypips.

"Members Only" Forum, nasa main page ng forum. Padala ka lang ng request sa webmaster.

thanks po ng maraming marami yeahbah... kuya or ate? tito or tita?


you can call me whatever you want baby :lol:
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