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Cad Cpi

  • #1
  • First Post: Oct 20, 2006 5:22am Oct 20, 2006 5:22am
Friday, October 20th, 2006 (7:00 am New York Time) CANADA

We have Canadian CPI numbers coming out. I am going to be focusing on the core number, which excludes the volatile components. The monthly core number is expected to be at 0.2%. If the number comes out at 0.4% or higher, I may possibly go short on USD/CAD. If the number comes out at 0.0% or negative, I may possibly go long on USD/CAD.

This is basically coming out in some 38 mins from now, so lets watch out for this, cos it is tradeable.
  • #2
  • Oct 20, 2006 5:32am Oct 20, 2006 5:32am
Is anyone trading this report?

I think CPI will be weaker than the -0.3 forecast, maybe -0.5%, which could give USD/CAD a 30pip boost.

It is the final report of the week, but is usually a dud if there isnt at least a 0.2% difference between actual and forecast figures.

The last report of the week.
Forex rules
  • #3
  • Oct 20, 2006 5:42am Oct 20, 2006 5:42am
Please apply credit to your source. I've seen this exactly as written before seeing it here. Thanks...
fornix Just trade.
  • #4
  • Oct 20, 2006 5:53am Oct 20, 2006 5:53am
Thanks......Felix.....guy is right....quote your source



Quoting best01
Friday, October 20th, 2006 (7:00 am New York Time) CANADA

We have Canadian CPI numbers coming out. I am going to be focusing on the core number, which excludes the volatile components. The monthly core number is expected to be at 0.2%. If the number comes out at 0.4% or higher, I may possibly go short on USD/CAD. If the number comes out at 0.0% or negative, I may possibly go long on USD/CAD.

This is basically coming out in some 38 mins from now, so lets watch out for this, cos it is tradeable.
  • #5
  • Oct 20, 2006 6:37am Oct 20, 2006 6:37am
Hello
where are u guys no one was trading this one
it is CAD CPI and it was tradeable and profitable beore septemper
I gained many times on it
but why no one posting today?

bad luck the numbers comes out conflict I straddle for 10pips distance and it hit me on one side the spike was so fast and server takes time to response to delete my order then ----ERROR --- my order opend and SL
no big deal 2lots hehe

see u later
  • #6
  • Oct 20, 2006 6:40am Oct 20, 2006 6:40am
Number conflict..... Not cool Lost: -10 PIP
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Charting Markets into the Future...MǎҖ€¥.
  • #7
  • Oct 20, 2006 6:41am Oct 20, 2006 6:41am
Containue...
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Charting Markets into the Future...MǎҖ€¥.
  • #8
  • Oct 20, 2006 7:02am Oct 20, 2006 7:02am
I have +10 locked in with a trail on this one.

DC
"There is MORE Happiness in giving than receiving"
  • #9
  • Oct 20, 2006 8:33am Oct 20, 2006 8:33am
Hmmm... Interesting
it moved USDCAD by 100 pips now!

drcole1,

How do you straddle? it appears to me that you dont have SL on your straddles and rely on the other order as SL... THAT is how you can get your straddle to survive retraces...
  • #10
  • Oct 20, 2006 9:39am Oct 20, 2006 9:39am
This report looked like a hard one to trade. There wasnt a big spike rather, there was a long trend to short the cad. Something to look into since the numbers were not too far off concensus.
  • #11
  • Oct 20, 2006 9:43am Oct 20, 2006 9:43am
Quoting BurgerKing
Hmmm... Interesting

it moved USDCAD by 100 pips now!

drcole1,

How do you straddle? it appears to me that you dont have SL on your straddles and rely on the other order as SL... THAT is how you can get your straddle to survive retraces...
BurgerKing are you saying this morning Cad CPI moved the USD/CAD be 100 pips? I dont see this move on my charts at all.....is this what you meant?

Also concerning not posting the trade for this news:

I dont know abut you guys, but I havent been trading the news as much lately because its just to risky. Now I plan to only trade what I consider "big news". NFP, Interest Rate Decisions, GDP, and sometimes Retail sales, CPI, PPI, and big global events. I have been focusing more on my T/A lately, dont have to worry much about high spreads, slippage, and no fills. Dont get me wrong though the news is not to be ignored! Like a heard someone say " Fundmentals through a wrench in T/A"
  • #12
  • Oct 20, 2006 10:09am Oct 20, 2006 10:09am
Sorry my mistake.. I mistook the chart started it off from yesterday when USDCAD was around 1.13xx and counted it down to 1.12xx to think it was a 100+pips move..

I am back into TA as well.. using Mouteki.

But I traded "fundamental analysis" today. I traded the UK GDP hours before the release carefully studying all the angles.. made a good 70 pips profit.

There you go:
1. News Trading: Straddle, Fade
2. TA: Mouteki, and Carry
3. Fundamental Analysis: Gathering of various information, market chatter, feelers, etc... darn! this is exhausting!
  • #13
  • Last Post: Oct 20, 2006 9:22pm Oct 20, 2006 9:22pm
Quoting BurgerKing
Hmmm... Interesting
it moved USDCAD by 100 pips now!

drcole1,

How do you straddle? it appears to me that you dont have SL on your straddles and rely on the other order as SL... THAT is how you can get your straddle to survive retraces...
BK,

I have several strategies in my news trading. Straddling is probably my least used anymore.

The CAD report this morning...I just had an entry stop order in. I also got more aggressive with my lot size...

I was convinced that there would be a spike but that the real move would be south. So I put 10 lots on my order and once I could lock in +10 pips I did so...I then trailed it and ended up with +25 pips on all 10 lots.

Many times I get in after the spike...especially USD news has been very unstable...so once the market decides what it is doing...I get in at market.

And contrary to some opinions here...I have not experienced any slippage and I have gotten very good price fill.

When I do straddle...I am more conservative and put in a wider entry order...this also helps me avoid a small spike in the wrong direction like the CAD today.

Anyway, that is it.

Thanks

DC
"There is MORE Happiness in giving than receiving"
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