601pips USDCAD Exiting All Long Positions

1 minute with ForexSurvivor

(16 Nov Asia) Exit all USDCAD long positions @ 9851 achieving 601pips. Reminder of the trade:
(21 Sep) Bought USDCAD @ par and enjoy 103pips.
(24 Sep) Position opened @ par. Hold on! Target first attempt missed by spread cost.
(05 Oct US) added a buy (level II) 1.5 lots @ 9760 and TP @ par initially.
(22 Oct) Final entry, buy 2 lots (level III) @ 9544. 
(15 Nov Europe) 21pips USDCAD Mission Completed: Reminder of the trade of ‘14 Nov Europe’: Buying usdcad @ 9701 and TP 9722.
(15 Nov Europe) EURUSD vigour consolidation at the top for 2 days indicates further strength is still unlimited, supported by French Transportation strike that is testing N. Sarkozy plan. Such transportation disruptions, as it is extended, may allow a convenient environment for trading eurusd signal stated in the list below. The strength in eurgbp in recent days hints that pound strength versus the dollar is eliminated this week, allowing more stops to hit the screen; yet, a shallow dip below 20500 allows controversial statement against pound weakness. Signalling, EURCHF reading 16475 now for the below target of ‘14 Nov US’ section.
(14 Nov US) eurchf bottomed, as it seems. Catching a rally towards 16560 is possible if eurgbp keeps the closing at the high – which it will. Pound, lost strength and gbpchf should bottom within 48hr. Yen crosses recovered, but yesterday low left incomplete. And since consolidation is aiming for the next 2 days, don’t aim too much high or low (except for usdjpy).  
(14 Nov US)Before we say that yen crosses left their bottom for a rally and the sudden excuse mediated to equity rally’s correlation, we need to form a solid bottom first which is deficient and a lower yesterday’s low should be initiated tonight. Selling rallies is taken place with no much harm. Market about to consolidate towards end week as usually when 2 consecutives reversals take place, a redefining positions strategies are on the run.
(14 Nov Europe) The market has given the ‘right’ breath on Tuesday and has created opposite reversal tactics. Monday reversal was U-turned on Tuesday (and I warned of it, see it below) and up to this Asian session. My reading for Europe session is that they won’t be happy seeing yen crosses recovered that quick and a dilution towards low is not going to be away. Buying usdcad @ 9701 and TP 9722 is ok for today.
(13 Nov US) The U-Shape formation that was released yesterday (see yesterday note below) and the 300pips reversal in crosses were banged in the end. Euro Bund attempting a clear way towards new high for Nov, yet the bid action seems slow-process for now.  
(13 Nov Europe) After completing the 35pips of GBPJPY, the reversal ‘assumption’ worked indeed during Asia session as stated on ’12 Nov US.’ Did I say ‘assumption?’ if I assume, presume, predict, forecast, then why do I need to be on the trading platform?  I hold those terms for the weather focal direction and I let my concentration widen for further correction during the day. Any dip today beside yesterday low is a buy (high is a sell), and mid November positions are being well accumulated for a trend that will last till mid Jan-feb. I am not sure yet why Bernanke is agreeing on such wide move of 500pips a day, but I am in no doubt that he is out of cash and looking to cash-gain from other currencies. There are no indicators that US growth is not worsening and this is a plunge of further dollar weakness in the coming weeks but not this week (except usdjpy). It was attractive knowing about the 40pips trade in GBPUSD – Reminder of the trade: Limit Order: Long GBPUSD @ 20930, only when we have a close first below 20930 (see weekly newsletter). We had such close @ 20900 and we had not seen the entry level, at least yet. I believe it was not an ‘assumption free trade,’ but a pre-emptive trade that took min 3 hours to be set. Now, when we see 20930, of course the 40pips will be achieved. When you enjoy it, just ‘applaud.’
(13 Nov Asia)  GBPJPY Mission of 35pips has been completed.Reminder (see 12 Nov Asia) Long GBPJPY @ 21:22GMT today for 35pips – Mission Completed.
(12 Nov US) Non-Stop pricing and the blame is back on ‘August Subprime.’ Take it Easy commentators: stop having the wrong excuses. Would the Asia market reverse the non-stop Monday trend? Yes, it should! Would it reverse crosses 300pips? It might be the day. Conclusion: don’t count on Monday trend continuation. USDCAD reversal confirmed and target back to parity. 
(12 Nov US) The U-shape is under formation this week as top in euro & sterling is not complete of course. Deviating from the bullish concept would be painful. USDCAD approaching the reversal point targeting parity back in the coming days. Selling 9950 for our trade complete the signal & might be considered a sell signal in full (4.5lots) 
(12 Nov Europe) The summit between President Bush & German Chancellor Angela Merkel on 10 Nov led to the agreement for a diplomatic solution to the Iranian nuclear standoff. Such diplomatical channel will erase the trend of Gold & Crude Oil for breathe during this week. Yet, and most important, crude oil has to register $100/bl to let worldwide media have good earnings report by the end of November.  
(12 Nov Asia) I have warned and I will warn again: adapt your trading strategies as low liquidity and high volatility are in the increased towards year end, and G7 conclusion of 50pips in trading has been understood as 500pips, being a normal trade especially with crosses. We highly recommend staying away from eurnzd & gbpnzd. We adapt the target of eurusd to 33pips instead of 10pips and nzdusd entry to 7700 instead of 7900 (see below). Long GBPJPY @ 21:22GMT today for 35pips is no harm as long as the price is below 23100. 
ForexSurvivor Signal(s):

(09 Nov) ForexSurvivor Weekly Newsletter: Long GBPUSD 20930; TP 40pips
(09 Nov) Selling usdchf below 11200 for 30pips is ok today.
(08 Nov) Buy EURUSD in the upper middle part of 14700 (@ 14750) and TP 33pips.
(11 Nov) New Signal: Buy NZDUSD @ 7700 & TP 25pips

November Closed Positions: 935pips up to this release. 

Mission Completed:      (16 Nov)          Long USDCAD – 601pips (see top)
Mission Completed:      (15 Nov)          Long USDCAD 9701; TP 9722
Mission Completed:      (12 Nov)          Long GBPJPY @ 21:22GMT  for 35pips
Mission Completed:      (08 Nov)          NFP Long USDCAD 9350; TP 50pips
Mission Completed:      (05 Nov)          Ftse sold @ 6488; TP 6400
Mission Completed:      (05 Nov)          Dow J sold @ 13505; TP 50pips
Mission Completed:      (06 Nov)          Long Silver 15.00; TP 15.40
Mission Completed:      (30 Oct)           Short EURAUD @ 15620; TP50pips.