TheDDReport
Short

USDCAD Time To Short!

FX:USDCAD   U.S. Dollar/Canadian Dollar
1919 8 1
Chart looks great. Candles formed. Decent stop. Will begin entering short position once market opens tomorrow.
If the equity markets continue to go down on Monday or Tuesday this pair is likely to rise. I think this might be a dangerousnposition
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TheDDReport
3 years ago
Very good point steve. I do see that being a possibility if the markets really tank hard, but my overall bias remains the same.
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Hey DD I am considering a long entry here, are you still thinking short? Futures markets are pointing at a down day tomorrow and the pair put on 20 pips today. I wanted to take a trade at open of market but I am fully committed on a audjpy position. (I have put the idea on this site) however that position is looking like it might end overnight and I am considering my next move
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TheDDReport
3 years ago
Yep I am still holding short. I will make a video lesson update on the 3 positions i blogged about @ www.theddreport.com I still think USDCAD is at the top of its range and will continue to fall back down to the bottom of the range, and my stop is placed @ the range break out. I will post video lesson on website/youtube page tonight explaining more. Also if you are interested in just following my trades automatically you can @ https://www.zulutrade.com/trader/163278
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TheDDReport
3 years ago
Trading Just above stop price as i type this. Still holding short. expect to fall from these 2012 highs. watching very closely incase i need to get out at any minute, but my short bias remains the same.
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The long i put on yesterday is doing well currently up 63 pips, have a target of 100 and likely to close if it gets there. I joined the Zulu trade thing yesterday, i noted you are using it. How do you find it. Congrats on having a follower
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TheDDReport
3 years ago
yep we have been seeing a big run up, I still think it will fall soon, if you look at weekly candles, the price is at a strong 5 year downward trend line, and I believe this will continue as this appears to be the longer term trend. I could always still be wrong, will just have to wait it out at this point :)
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TheDDReport
3 years ago
USDCAD starting to come into play. Back at entry level. All down down down from here
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