Ichimoku_Trader
Short

Looking to re-enter cheaper...

FX:USDCAD   U.S. Dollar/Canadian Dollar
916 52 44
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Comment: No rush please
Comment: USDCAD rate decision should be a mover for this pair. We are currently bearish and the expected news is to maintain the rate as is which should have a negative effect on the pair. So things are inline.

So, once the news is out, we want to be very careful not to enter early. Expect a retrace to the sell zone and don't rush to sell once it happens. if we miss selling at the sell zone, we can sell at the breakout from the bottom.

As always, please be careful as the volatility is very dangerous and if you get enough pips, don't marry the position, take some money and wait for things to settle before you re-eneter

Good luck
Comment: News in about 40 minutes
Comment: Those who entered
Please be careful and don't be too greedy
Comment: If you are still married to this position, have your disaster stop just above KS
Comment: I know that some of you are thinking of going long
THAT WOULD BE COUNTER TREND
DO NOT DO IT PLEASE

If it goes up, we'll catch it properly later
Comment: If you re-entered or never left, stops just above KS please
Comment: I've just updated this trade with a new chart
If you are still in this trade please update your stops according to the new chart
This chart is no longer active
Comment: For those still in the trade
we just hit the target
please tighten stops and enjoy the pips
Trade closed: target reached
Watching it...awaiting retracement on DXY. Thanks!
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Good luck
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I want to ask some questions Ichu. But I don't think this is not the right time....you probably busy now...want to ask some elementary questions
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Please feel free to go ahead and ask
My name is ichi not ichu by the way ;)
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myjiyane Ichimoku_Trader
Thanks, I always see on your charts that you put abbreviations such as CS, TS, KS ? do they mean something or you just specifically referring to points in your charts
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CS is the green line
TS is the orange line
KS is the blue line
SSB is the brown line
+1 Reply
myjiyane Ichimoku_Trader
Thank you !!! you've cleared all the mist on my eyes :-)
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Happy to be of help
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I follow you ... thank
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welcome on board
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considering the news for CAD is to keep the same interest rate, and say that the actual news is to keep the same interest rate, shouldn't we see USDCAD go up based on the lack of interest in CAD due to no change in interest rate?
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Well, I'm weak on fundamentals so if you are really good, then tell us what you think and what we should do, if you are like me or worse (I doubt you can be worse), then let's stick to my 2 cents.

Waiting for your response
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lawlee9 Ichimoku_Trader
I'm also weak on fundamentals, I sometimes look at it to compliment my TA. I respect your charts and analysis, but on this one I'm on opposing sides. I see the XXXcad pairs moving upwards on a medium term basis, so the interest rate staying the same I think would help push these pairs higher. BUT, I do understand what you're seeing here, so I just wanted to know how you were taking the news into account. Just trying to discuss with a fellow trader =)
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It's ok. I am fine with you being on opposite sides from me on the fundamentals, infact, I'll benefit from you if i can

As for the technicals, well, I'm a BEAR. A big bad bear and i think that we are going down ... a lot ... soon
However, as you very well know by now, i am a follower of the market and i give my opinion of where the market is going no value whatsoever.

So, the bottom line is.. I think we are going down .. we might go up ... I have a plan for both

Thanks
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lawlee9 Ichimoku_Trader
Gotcha. I like your analysis and the things you put up, so keep doing what you're doing. Good luck to you.
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Thanks

and I like your inputs. They adds a lot of value
So keep them coming please
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lawlee9 Ichimoku_Trader
Nice call here. Still a MT long though. Odd how price reacted to the interest rate being the same.
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no worries
most importantly we are still alive, still trading, and still enjoying it
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Please post here when you will long

Thanks
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lawlee9 Ichimoku_Trader
snapshot
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I'm not sure
It looks impulsive
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lawlee9 Ichimoku_Trader
You're right, I think that position was a little premature in hindsight. I think PA needs to settle itself out more, but I have a MT target of 1.34, so waiting for bullish signs to take it up. Until then I'm out.
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Thanks
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good luck thanks
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Thanks
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here we GO :)
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we're gone
rememeber don't marry it
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YACCINE Ichimoku_Trader
yes sir
i quit
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Went in that sell also, news came good for CAD.
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great

be careful
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myjiyane Ichimoku_Trader
Just made $102.62 from just following this post. Thank you Ichi...this is from a beginner
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Be nice
Get your wife something to make her happy
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Vytasbcn Ichimoku_Trader
I agree with that :D
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myjiyane Ichimoku_Trader
You have no idea how happy am I from the result I got from carefully analyzing my charts and following you posts. They are so insightful. Ichumoku !!
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I'm very happy for you
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i think ,it's turn to bullish for short ?
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we are bearish
just manage your position and do not go long please
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I was thinking of that as well. LOL !! But then I asked myself as how do I know if the trend has cooled off so that I can go long.
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no longs please
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Reentered as it retested the barrier on 15m time frame.. short!!!
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Ichimoku_Trader fxfabianng22
as you like
it's your call
I took my money and am now watching
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fxfabianng22 Ichimoku_Trader
yea :) same! i took my profit.. closed it right before it pulled back. Now i reentered with a very small size as it looks like a breakout retest on 15m time frame
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Ichimoku_Trader fxfabianng22
good but please be careful
+1 Reply
fxfabianng22 Ichimoku_Trader
yea thanks
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Nice trade! I am not in it didnt get a decent entry. Should come down to 1.296's..... Remember it a holiday weekend this weekend in the UK and the US, it can do funny things to the markets. Good luck with this one.
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Thanks for the heads up

appreciate it
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congratulations
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to u too
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Just goes to show what patience does!
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Ichimoku_Trader DavidMarcy_TradeHuntFx
It makes pips ;)
congrats
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thecrackking Ichimoku_Trader
Good Time to go long?
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Ichimoku_Trader thecrackking
I was thinking that but now I'm thinking not
it looks impulsive
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