tntsunrise
Short

Short USDCAD FOR Buyer failure

FX:USDCAD   U.S. Dollar/Canadian Dollar
9607 61 143
2 months ago
Short USDCAD             FOR Buyer failure

2nd try didnt make a higher high.

RSI is heading down

We can enter a short trade
2 months ago
Trade closed: stop reached: Stopped out at 1.3136
2 months ago
Comment: DUN DO REVENGE TRADE. STOP LOSS OCCURED, JUST EXIT, BECAUSE YOU DONT KNOW HOW MUCH FUTHUR THE MARKET WILL GO.
I LOST ABOUT USD 1K IN THIS TRADE, COMPARING TO MY ACCOUTN SIZE,
ONLY 1%, BUT MY NZD SHORTING TRADE STILL HAVE 6K PLUS IN PROFIT.
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dashmann
2 months ago
thanks mate
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Wololo
2 months ago
I'm seeing the same sir
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Wololo
2 months ago
Thanks for this
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Julio
2 months ago
trade active now
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arbid54
2 months ago
jack, what SL for this?
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BTCMarket PRO
2 months ago
Better RR to wait for break of support or try higher up;
snapshot
+2 Reply
waterman BTCMarket
2 months ago
Very good anticipation.
Reply
BTCMarket PRO BTCMarket
2 months ago
Now it's possible to consider short, need to wait at least 2 or 3 bars for confirmation. Hour close above box is bullish for this pair so need to be careful at these levels and wait for short confirmation.
snapshot
+2 Reply
KenWei BTCMarket
2 months ago
you are good
Reply
BTCMarket PRO BTCMarket
2 months ago
This setup is dead we have hourly close above the box. Pair is bullish and is why we wait for confirmation first.
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VirtualFax BTCMarket
2 months ago
Good call!
Reply
jasonlwc
2 months ago
Following, thanks Jack.....
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Qasimshahzadgt
2 months ago
agree sir
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waterman
2 months ago
It is a good idea ! Thanks
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shaun241
2 months ago
what SL for this?
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tanner5
2 months ago
If you enter now you'd be probably stopped out.
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tanner5 tanner5
2 months ago
I'm going to long this
+1 Reply
forexramen tanner5
2 months ago
yeah lets do it 5 lot size 200 pips long lets go!!!!!
+1 Reply
theforexscrub tanner5
2 months ago
Ok thats enough going long time to short now this time 10 lots lets go!!!!!
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theforexscrub theforexscrub
2 months ago
Ok done for tonight
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KenWei tanner5
2 months ago
yup
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IAmAgainst
2 months ago
I sold at the first top and last night I was about to take profit but then I thought I would regret it if it continued to fall.. damn market..
+1 Reply
felix997
2 months ago
If the canadian $ go up it mean that oil go up to ? So unless you can have an other explanation I doubt we will go down
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pler604 PRO
2 months ago
Mostly agree with your ideas. But not here. If we look alone at USDCAN chart your idea make sense. But as you mentioned at the most recent "weekly thoughts" CAD is hardly correlated with oil ( and currently you try to find a place to short OIL) and it is general adverse correlation CAD to DXY (you are more bullish than bearish on DXY). All together your ideas on OIL and DXY contradict USDCAD
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mlbo pler604
2 months ago
with every setup / try / idea he wants to make like twice or threetimes or bigger profits in ratio to the money he risks. that makes i possible to do these "contradictive" trades. what if he would not take this USDCAD idea because he is bullish on DXY and then it turns out that being bullish on dxy didnt work out? no wins at all then...

well, stopped put now. better "luck" next time
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pler604 PRO mlbo
2 months ago
Right. But does he try to be contrarian to himself? What drives USDCAD movements? DXY and OIL. It is great to set up such a trading when an environment is favourable ( in this case DXY downtrend, OIL up), because you will have potentially multiplied effect on USDCAD. It is reasonable to short USDCAN with a chart like this with a neutral sentiment on OIL and DXY. But if you try long DXY and short OIL this set up had small chances to success, because you see that primary instruments to USDCAD most likely will go in unfavourable direction.
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santoroma
2 months ago
excuse me: its possiblle open this short now? we must wait other conditions? thanks very much
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Calamity
2 months ago
hi, jack. why you not stick to your previous plan. you said us index going up and you short this pair. XD
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luthfi.zain Calamity
2 months ago
He sticked with his plan and got stopped out. What's wrong with that? His SL was hit and it was part of the plan. SL is a trading plan, don't you think?
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Calamity luthfi.zain
2 months ago
i didn't mean trading plan, i mean what he said dollar bullish stuff. rethink what you say before you post thanks.
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IAmAgainst
2 months ago
1.41 extension is near..

snapshot
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NotYetPro PRO
2 months ago
there was a bullish teacup with handle , it will retrace at least to 127%, in my point of view
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santoroma NotYetPro
2 months ago
target price? i dont understand.... thanks
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KaKeungChoi PRO
2 months ago
Thanks for your info.
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habibzafari14
2 months ago
I am also looking for selling. Did you sell now?
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jonclemente67
2 months ago
leave now
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Julio
2 months ago
and now what ?
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wangpa Julio
2 months ago
now go to sleep, u made nice loss today
+1 Reply
wangpa
2 months ago
i will continue selling it, bcoz i want more profit and dont want loss.
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santoroma wangpa
2 months ago
yes so you will loss double
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ChrisVarela
2 months ago
Divergence in MACD and RSI time frame 1H - Short
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Trillionschifer
2 months ago
Third time is the charm.... don't give up... It's not revenge if you are right, but at the wrong time.
it will go short... no doubt about it....
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Rocketman PRO
2 months ago
I don't understand why you shorted it. I bought that mess:
snapshot
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tntsunrise TOP Rocketman
2 months ago
good for u.
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Fibronacci Rocketman
2 months ago
Yap. It was an unbroken uptrend
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FerminNunez
2 months ago
You got it wrong , it had upside momentum
Losses are part of trading , profits as well , , if you are making 6K on other trade good for you ! but.....those are private
I see some arrogance
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tntsunrise TOP FerminNunez
2 months ago
nothing wrong, just a stop loss hit. from 3092-3136 ,lost 44 pips.
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FerminNunez tntsunrise
2 months ago
Yeah yeah yeah
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Rocketman PRO FerminNunez
2 months ago
I lost trades because I was sleepy. lol!! It is ok to be wrong sometimes. That is why we are here to help each other.
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tntsunrise TOP Rocketman
2 months ago
to me a stop loss is not a wrong. it is just one of the exiting strategy. there are five results in trading: big loss, small loss, break-even, small gain, big gain. and for this trade, i just have a small loss. that's part of my trading plan. and thanks for the stop loss, it prevent me for a big loss.
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santoroma FerminNunez
2 months ago
you are able to predicting the past....
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ubersorg
2 months ago
Looks like its back on its way to 1.28 . :)
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PeiLi
2 months ago
Excuse me,do you work in that bank in Malaysia?I think you a course of 12888yuan really worth it?
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tntsunrise TOP PeiLi
2 months ago
i used to work in bank in singapore
Reply
santoroma
2 months ago
snapshot
short now tp 1.30300
Reply
nhanpt62
2 months ago
USDCAD
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FerminNunez
2 months ago
Hi there !
I said you got it wrong . Remember ? momentum still Up
Reply
Dguaman
2 months ago
It seems that now it is a good time to Short this pair Sir.. take a look at 4h TF
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FerminNunez Dguaman
2 months ago
TF 4 hrs . this is the Dominant , still has Positive Momentum although decreasing , It is probable that will re-test the high again and perhaps make a new one
TF 1 Hr is the secondary Momentum is Positive , at present correcting ,
I will watch very closely next move up most likely when to short it
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t.alsunaid
2 months ago
In the next week we need update for this currency usd/CAD
Reply
ahmetnmsl
2 months ago
I think time is up.. can sell now.. also other lots of technical reasons besides time.
Reply
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