I LOL'ed at the "WTF?" in that chart
- | Joined Nov 2006 | Status: Member | 129 Posts
When I buy it, it moves down.
When I sell it, it moves up.
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DislikedSo, even if the CAD stops its willing to go up against the dollar, the dollar breaking this 2005' low will push USDCAD all the way down. And there will be no foreseable bottom for the dollar, as we shouldn't be looking for USDCAD's at this moment.Ignored
...Imagine a world like this.
For some reason, currency speculators pushed USD/CAD pair to 0.5000
Wealth of americans decreased by half. Measured in per capital GDP terms and is now an upper "Developing Country". Got kicked out of G8.
Canadian conservatives are pushing for legislation to put up a "Chinese Wall"
along its border with the U.S. to prevent illegal American immigrants from
crossing into the heavenly land of Canada.
Hawaii declared independence and Alaska broke of with US and went to hang out with Canada.
this is not going to happen unless some meteor hit the earth and flip it over by 20 degrees.
wall street trader/hedge fund documentary for your procrastination needs.
http://www.mojohd.com/video/?sid=8&eid=4
DislikedWTF? its below 1.08 now? i need to put in more $ to feed my longs. damn
Ignored
DislikedEven if USDCAD goes up from 1.0800, we should AT LEAST expect a strong resistance at the previous multi-years low 1.9000ish.
So you will be in reward of 100pips to a risk of 100? 200? 300? Can you tell???
You will be trading a R:R ratio which Reward is known but the Risk is undetermined.
Shorting at 0800, you will have a Risk that is known (1.9000 breached back up) but with an undetermined Reward INLINE withe the prevailing trend. Place a trailing stop and you're risk decrease every pip it goes down.
This way, you don't have to waste time trying to figure out the final station. It will be shown to you by the market.Ignored
If you are absolutely, positively certain that USD/CAD is 100% absolutely positively definitely going down, keep shorting it brutally.
I, amylase, a village idiot from somewhere in the forgotten land of Saskatchewan will put every single straw, moth, pond mud, and duck feather I have to go long this pair.
Eee Ahrl woo HIII dooo.
DislikedSince people on this thread seem to be united unanimously on shorting this pair. there has to be some idiot to be on the other side just to keep this thread going.
I'm willing to be taht idiot.Ignored
DislikedDude how could you tell "reward is known"? How could you be absolutely sure whatsoever that it won't break 1.9000? If you are 100% sure, buy an option with terms of no break above 1.9000 and make millions.
Ignored
DislikedSince people on this thread seem to be united unanimously on shorting this pair. there has to be some idiot to be on the other side just to keep this thread going.
I'm willing to be taht idiot.Ignored
DislikedBecause if you are not the IDIOT you are saying that YOU ARE NOT, then you will be SMART enough to Take Profit at 1.9000 as expected resistance that it is. Or you do not expected a previous support to become resistance? That would be stupid.Ignored
DislikedI am long since it was 1.1750.
I have 4000 dollars in my account and my unrealized profit is like negative 2000 dollars now.
I really hope it reverse. I can't even eat or sleep everyday.Ignored
DislikedI am long since it was 1.1750.
I have 4000 dollars in my account and my unrealized profit is like negative 2000 dollars now.
I really hope it reverse. I can't even eat or sleep everyday.Ignored