Technician
Long

USDCAD: Short-term Trend Resumption Trade

FX:USDCAD   U.S. Dollar/Canadian Dollar
2892 30 21
*Update: Stopped out
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I just initiated a long position on the USDCAD             at 1.1330, following the double bottom neckline breakout, supported by the bullish divergence on RSI . Also the dominant trend is bullish .

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My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
My trading ideas channel https://telegram.me/technician_forex_trades

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Skype: Technician - The forex channel
Bit tight on stop?
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Technician TOP HumbleTraders
had to abide to my risk-reward. I prefer a stop below the recent swing low though at 1.1250
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I think it will be like this :) dont lough i dont know technic analise :)
short + long

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Technician TOP PIPFOLLOWER
:) good luck
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PIPFOLLOWER Technician
thank you technician i did not listen myself :)
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thanks for this post
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Long from the break above 1.1275, nice cup and handle formation on the daily, target 1.1675.
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Haha, beat you to the entry. Good job keep it up! ;)

16.11.2014 Trade 4: USDCAD H4
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Comment removed
Jeez, nice manners dude. Sorry if I came across as a bit rude, it was well and friendly intended. :)
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HexVex OOSilgjerd
Zippydy-do-da man :)... Apologies for being blunt. I call it like it smells. Maybe I should have said juvenile instead of.... Or ignored you but... It so happens I'm one of your 3 followers and your trade ideas ain't bad when they're not sloppy. So expectations and all that... I thought you were from Norway though... Not West Virginia ;)

I'm one of your 3 followers!
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I'm jump in to this train. Good luck.
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Technician TOP Barabaszek
welcome buddy
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Barabaszek Technician
Nice ....like always :-)
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Technician TOP Barabaszek
Thanks, nice only if Target reached
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Barabaszek Technician
Fair enough, but I'm hopeful.
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Pair is breaking out from the triangle, but price is very choppy and is beggining to show divergencies on the H1 ( on RSI & stoch 14,3,3). Lets see what happens @1,1390-1,14 level
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Is this still available ?
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I am still long
+1 Reply
LauKang Technician
I might join to the same train, thx technician
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mmm good luck then
+1 Reply
Good trade, but my analysis suggests you're early. Price should pull back to touch the 50% line of the channel before breaking out north. I suspect this will be done under the cover of tomorrow's Canadian news releases at 13:30 UTC. Good find though. Your stop should be enough. Good luck everyone. :)
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ForexDreams ForexDreams
USDCAD SHORT THAN LONG


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PIPFOLLOWER ForexDreams
like my analise :)
short + long
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Oil goes up
Crude Oil -WTI - CLF2015 - Turning up from deeply oversold
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Update: Stopped out.
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snapshot


Looks like a good short target now.
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long +short
long +short
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I know you are a heavy contributor, which I love. But, what was you idea here? Going by your chart, that looks rather bearish, and anything bullish wouldn't have been started until a close above the descending resistance IMHO.
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Cant be long USDCAD and long Oil I would say?
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Pity to be stopped. Long bias prevails from now on
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