FX:USDCAD   U.S. Dollar/Canadian Dollar
47 4 3
6 months ago
In one hour (8:30 am EST), economic releases coming our for the U. S.A.             and Canada.

Canada's GDP is expected to remain the same as last time (-0.1%). I believe that it will be the same or worse. When I look at Canada's retail sales, not including auto sales, I think of a bad story playing out: http://www.tradingeconomics.com/canada/retail-sales-ex-autos

In contract, the USA's retail sales have been doing well for the past two months, especially last month (http://www.tradingeconomics.com/united-states/retail-sales-ex-autos), maybe because of the Mother's day holiday. So, I think personal spending and the PCE index will be potentially be a catalyst.

It looks to me that USDCAD             could present a good trading opportunity. I would lke to put myslf in alignment with future market forces; however, I don't see a set-up yet.

References:
Retail Sales Rise Most in a Year, Marking U.S. Consumer Comeback: http://www.bloomberg.com/news/articles/2016-05-13/retail-sales-rise-most-in-a-year-marking-u-s-consumer-comeback
6 months ago
Trade active: bought it!
snapshot
6 months ago
Comment: ....and the market goes Bananza!
snapshot
6 months ago
Comment: In one hour, the Consumer Board of Confidence is coming out at 10am EST. I believe that it will be positive, given my knowledge; however, the Chicago PMI will come out before that at 9:45 am EST, and this is something that I usually watch for and cannot predict.

Maybe the market will stall. I may or may not exit position. I cannot write long words and trade tiny time frames like this at the same time. Well, I am doing it. hehe...So, I can.
Rocketman PRO
6 months ago
I exited. The Chicago PMI came out bad. I think they were unprepared for the shock in May sales or maybe it could signal something bad for one of my other parameters. Now, waiting for the Confidence report.
Reply
Rocketman PRO
6 months ago
snapshot
I reentered with a smaller size
Reply
Rocketman PRO Rocketman
6 months ago
stopped out
Reply
Rocketman PRO Rocketman
6 months ago
snapshot


There was divergence going down and strong bearish candles. Overall, nice day so far.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out