Usd/cad

lol Thank you! Good to have you back Deptrai

I've been doing good! Market has been all over the place, which just means I have to listen a little better to what it say's But overall, good!

How have you been? How's trading?

-Kastro

 

I am doing well, young man. I see that you have been keeping the troops in line. Sometimes market action is like a falling knife. Would you put your hand out to catch it? :eek: Just be careful, young man.

 

covered 35 out of 45 contracts in my cad short / usd long at 0.8972 (equivalent to around 1.1160 in spot).

this has been a very weak bounce. plus the euro and yen seem to have found some support.

 

bought some back here sub 1.1100

 

Look for a bounce off 1.1050 2% MA envelope. Doesnt usually stay under this for long.

 

This pair requires patience, remember. With an RSI of 18, you can bet you'll get a bounce soon.

 

long 1.1058

 

At this rate the CAD will be par with USD!

Long at .1032
Tight stop

-Kastro

 

Remember the tectonic plates theory someone mentioned (I think in the EUR/USD thread)?

Do you know what the stress of an RSI of 16 is?

 

Closed at 1.1070 for +12. Now short at 1.107