Ok. First the rules: If you are a Forex Snob, elitist, or know it all and you've had a billion trades, please go make a billion and avoid this thread. If you lost your sense of humor in San Francisco and couldn't take a joke if it hit you in the face, please go to the spa instead. If you know of a current USD/CAD thread, please let me know what it is. If I never post again, please keep posting anyway.
Phew, glad I got that off my chest.
Now for something completely different:
I searched far and wide on Forex Factory forever (actually about 2 minutes) and could not find a single recent post on the USD/CAD. Nobody cares about the Loonie anymore?
This is my only pair to trade as it is the only one that makes any sense to me fundamentally. But I've been perplexed by the wave of analyses I've been reading lately as I've been doing exactly the opposite. So, I'm hoping to get a dialog going. I really don't care if you make any sense as long as you believe it and are not yanking my chain. But feel free to yank it in jest.
Blah, Blah, Blah, the loonie is going down, down, down testing this ma and that ma down to possibly .9800. Somehow, I just don't get that. It looked to me today like a simple range setup. We hit the bottom of the range today and I bought. I got scared because of all the scary bears and got out at a measley 20 pips or so. Good idea? We'll see. Maybe this thing will keep going up to the range top and I'll get really upset. But then, that's my main problem...good entries, often poor exits.
Fundamentally, I favor a bullish stance given the BoC and Cad Gov't's cautious remarks on the overvalued CAD and in spite of recent news, I remember reading projections for 08 for a drop in oil demand. Add on top of that that we haven't seen parity since was it the 70's? I saw the recent dollar gains as a necessary correction. So, I am bullish on this pair in the near to long-term but perplexed in the short-term.
If you subscribe to the bearish analyses, who is fueling this down move? Or is it just typical volatile holiday trading driving this train without rhyme or reason?
Phew, glad I got that off my chest.
Now for something completely different:
I searched far and wide on Forex Factory forever (actually about 2 minutes) and could not find a single recent post on the USD/CAD. Nobody cares about the Loonie anymore?
This is my only pair to trade as it is the only one that makes any sense to me fundamentally. But I've been perplexed by the wave of analyses I've been reading lately as I've been doing exactly the opposite. So, I'm hoping to get a dialog going. I really don't care if you make any sense as long as you believe it and are not yanking my chain. But feel free to yank it in jest.
Blah, Blah, Blah, the loonie is going down, down, down testing this ma and that ma down to possibly .9800. Somehow, I just don't get that. It looked to me today like a simple range setup. We hit the bottom of the range today and I bought. I got scared because of all the scary bears and got out at a measley 20 pips or so. Good idea? We'll see. Maybe this thing will keep going up to the range top and I'll get really upset. But then, that's my main problem...good entries, often poor exits.
Fundamentally, I favor a bullish stance given the BoC and Cad Gov't's cautious remarks on the overvalued CAD and in spite of recent news, I remember reading projections for 08 for a drop in oil demand. Add on top of that that we haven't seen parity since was it the 70's? I saw the recent dollar gains as a necessary correction. So, I am bullish on this pair in the near to long-term but perplexed in the short-term.
If you subscribe to the bearish analyses, who is fueling this down move? Or is it just typical volatile holiday trading driving this train without rhyme or reason?
My business model
Get pips => Keep Pips => Repeat
