Don’t feel guilty - you got the ideal outcome, actually; you made some good pips, yet at the same time got a reminder that had you stuck to the letter of your strategy you would have done even better. So it’s all good. And you’ll know for next time…
September was mixed, to be honest. I like a mix of end of day trading and intraday trading, generally. We have had builders in for a while, including all of September, so I did not get to trade every day that I would have liked to intraday, so I missed a couple of nice opportunites simply through not being at my screen. Added to that, the end of day trading was not enjoying the recent choppier conditions, the market really needed a more quick in, quick out style, so the end of day return was not what I would want, and I was too slow to acknowledge that - I persisted with it when I really I should have just parked end of day until October and have another go then.
So overall the month was fine, made a decent return, but feel like I missed a few intraday opportunites and stuck with end of day longer than I should have, so overall I could have done much better. But I made money and learned some things, so overall I’ll take it. Just hope that October gives us a steadier market. Looking at this morning’s Greece news, not sure that I will get my wish, though…! Sigh…
ST
Well it does look like we’re off to a rocky start this October. Sentiment still keeps shifting this way and that but I think we’re seeing cleaner trends. Hope we get to catch big moves before it reverses!
I know what you mean! Is Forex broken?!? I expect this in August, but end of day is still a tough way to make money in October, have never known it like this.
But speaking of end of day, that is a very clear high test on the USD/CAD Daily - what do you think of a Short? The same level was rejected in June, July and August last year, so is on my chart as a strong level…
I’m a bit late to it today (just back from Wednesday’s long school run), just running the numbers now but it looks a decent setup at first glance. My biggest objection would probably be the choppy market, but shouldn’t let that be a factor. What do you think?
ST
Anyone catch that bounce from parity after the BOC announcement? That was one sick 200-pip jump!
Is there any news from euro zone which can impact on loonie?
In a general risk sentiment sense, I guess. Negative reports from the euro zone such as the lack of progress in their debt talks or further delays like the Greek referendum pose threats to the global economy, and this is bearish for the higher-yielding assets like the Loonie. If the euro zone leaders show some good progress though, risk appetite could bounce back and boost the Loonie.
Hi Happy Pip
I dont know if you’ve ever heard of the CAD1 trading strategy on ebay for the USDCAD pair. Anyway, I recently bought it and it looks to be okay from a simple backtest. Anyway, I just wanted to find out what thought about it if you’ve ever used it or seen it.
Hi, Happy Pip!
What do you think of the loonie over the next couple of weeks? There’s an awesome trendline on the daily and oil might go even higher but USD seems to be getting stronger at the same time. I think I’m a bear.
PS I love your blog!
edit
I bet you get those kinds of questions a lot. If it came across like I was asking you to do my thinking, that’s not how I meant it. Instead let me ask you this. How do you stay so happy? 
That is a great quality.
Nobody likes CAD anymore. 
Lol I can assure you that there are some of us on here trading CAD! I used to be a pretty regular comtributor to this part of the site, but happy pip is not as frequent a visitor, these days - I could be wrong but I think that she is more of a blogger, these days, although obviously do please step in and correct me if I am wrong there, happy! - and as threads on here tend to take their lead from the ‘host’ the thread as a whole has quietened down somewhat.
There has been some good recent discussion of USD/CAD in GicaEric’s Candlestick Patterns (Daily Timeframe) thread in the Forextown section, so you might like to check that out. I am in a USD/CAD long trade myself at the moment, which ran well but Price is stalled around Parity so we’ll see what happens.
ST
Hey guys! I’m back!
What do you think of this USD/CAD range? It looks like an upside breakout could be in the cards!
Parity just won’t let up! Plus a bullish pennant is forming close to the top of the range.
Could this mean that USD/CAD is revving for an upside breakout beyond the 1.0050 resistance? How high can it possibly go?
The pair just hit 1.0050. I am watching this also for a possible setup whichever way it goes.
Me too! Looks like an upside breakout is underway already though, just thinking about where to enter. Are you in a trade already?
Yea, I’m short on the AUD/CHF. Found a range play entry earlier and its paying off so i cant complain too much :), I’m just wondering whether to ride it down to .9310.
Ooh, interesting choice! But that does seem like an excellent risk off play. Good luck, my friend!
Thanks, seems solid to me also. I’m also a fan of your posts. Keep it up. Good luck on the USD/CAD.
Trend traders are gonna love this setup! On USD/CAD’s 4-hour chart is a nice rising trend line that looks like it’s about to be tested.
Making the setup even sweeter is the potential 50% Fib retracement line right near the 1.0100 major psychological level. Who’s going long Greenback? Give a holler!
If you think the trend is your friend, then you might like this potential retracement play with USD/CAD. There’s a rising trend line connecting the lows of the price on the 4-hour chart, so I used my handy-dandy Fibonacci retracement tool to pinpoint potential entry levels.
The 38.2% Fibonacci level is just a few pips below the 1.0200 major psychological support and it’s right in line with the trend line. At the same time, a bullish divergence seems to be forming, but I’d wait for stochastic to cross upwards before making any decisions.
Do you think this uptrend will continue? Or will we see a breakdown this time? I’d love to hear your thoughts before I decide on a trade this week!
If you’re short on the Greenback, then this setup is for you! USD/CAD is sporting a cool doji on the daily chart, and it looks like a bearish divergence is also in the works. Are we seeing a retracement, or the start of a reversal?
