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usa trade balance cad trade balance

  • #1
  • First Post: Oct 12, 2006 3:55am Oct 12, 2006 3:55am
Both coming out at the same time <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

should provide a good trade on usacad if the numbers conflict especially if its bullish cad and bearish <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:country-region><st1lace>usa</st1lace></st1:country-region> any thoughts <o></o>

<o> </o>
  • #2
  • Oct 12, 2006 6:09am Oct 12, 2006 6:09am
Quoting superforex
Both coming out at the same time <o></o>

<o></o>

should provide a good trade on usacad if the numbers conflict especially if its bullish cad and bearish <st1:country-region><st1lace>usa</st1lace></st1:country-region> any thoughts <o></o>

<o></o>

Yeah! That`s good strategy, but what is the best way to check the result of? Where can i see it soonest??? thanx for help
  • #3
  • Oct 12, 2006 6:29am Oct 12, 2006 6:29am
Honestly...I think trading the USD/CAD is a dangerous move. Just be VERY careful as you watch for some serious whipsaw.


Also...The GBP/USD has whipsawed 4 times - retraced 1 time - continued same direction 4 times. in the last 9 month's.

What does this tell me? It helps me set my strategy for the trade.

I will be patient on this one. At least let the spike make it's move and then make a decision. By then I will have the report and I will know exactly where it stands. Some news sites are saying that it will be bad USD, but the Dollar has been a tough nut to crack this week.

I would rather have a missed opportunity than a losing trade.

DC
"There is MORE Happiness in giving than receiving"
  • #4
  • Oct 12, 2006 7:08am Oct 12, 2006 7:08am
Quoting drcole1
Honestly...I think trading the USD/CAD is a dangerous move. Just be VERY careful as you watch for some serious whipsaw.


Also...The GBP/USD has whipsawed 4 times - retraced 1 time - continued same direction 4 times. in the last 9 month's.

What does this tell me? It helps me set my strategy for the trade.

I will be patient on this one. At least let the spike make it's move and then make a decision. By then I will have the report and I will know exactly where it stands. Some news sites are saying that it will be bad USD, but the Dollar has been a tough nut to crack this week.

I would rather have a missed opportunity than a losing trade.

DC
Now that's a plan DC.
Unless the numbers are just crazy obvious, it will be post spike price action for me.
Profit is where readiness meets Opportunity
  • #5
  • Oct 12, 2006 8:04am Oct 12, 2006 8:04am
USD is in a very strong sentiment week again.

Nothing is denting it's armor! Not even a plane crash!
  • #6
  • Oct 12, 2006 8:04am Oct 12, 2006 8:04am
As it turns out I stood aside on this one.

Very bad USD news

Whipsaw...

Sometimes the best trade is the one that you stood aside on.

I protected my account from a very uncertain market.

I hope that others were careful also.

I suppose a good fade strategy could have worked...but I have much to learn before I do that. hehe(maybe Merlin could teach me a thing or two about that)

DC
"There is MORE Happiness in giving than receiving"
  • #7
  • Last Post: Oct 12, 2006 8:17am Oct 12, 2006 8:17am
I took the pound long on the strength of the data, took a partial profit at a pivot point and the remainder of the postion hit my trail stop.

It seems like the market does not want to give up on this dollar strength but is not willing to go higher yet either.

The best trading has been in the europe time slot this week. But, so has the best sleep.
Profit is where readiness meets Opportunity
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