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woooow USD/CAD

  • #1
  • First Post: Sep 28, 2007 9:52pm Sep 28, 2007 9:52pm
guys,

USD/CAd is going down and down
If oil still above 82$, USD/CAD going to .98 or .97

this is my opinion. What about u
  • #2
  • Sep 28, 2007 11:50pm Sep 28, 2007 11:50pm
I think they should make the pair CAD/USD
  • #3
  • Sep 29, 2007 2:31am Sep 29, 2007 2:31am
See How The Mighty Falling....
Yes I Agree With U, More Price On Oil Will Drastically Reduce The Usd/cad, Since Cad Has A Very High Impact On Oil.
  • #4
  • Sep 29, 2007 2:34am Sep 29, 2007 2:34am
Quoting yahte
guys,

USD/CAd is going down and down
If oil still above 82$, USD/CAD going to .98 or .97

this is my opinion. What about u

Hi Yahte,

I have no idea concerning your experience, yet you did ask for replies.

1st...a true FX oil play would be the CAD/JPY, true.... oil has an affect on this pair, yet more so concerning the JPY.
2nd...Take heed in trading your "opinion", one can convince themselves that they are Right and the Market is Wrong. This ends with "marrying" the trade and having a one-sided opinion that may lead to inflexibilty. That can destroy marriages as well as accounts. Be vigilante! Compromising! Admit if/when you are wrong!
3rd... .98 , .97, or even .50 or back to 1.1000....who cares, Really....correct?? Only Politicians, CB's, Banks, Corps., and the such. As traders, we should trade what we see, and be ready to act....even if it means admitting we were wrong and doing a 180*.
4th... Keep informed of fundie events....things can change on a moments notice....the Market is a fickle Mistress!

Food for thought??????
Fxj
Proper Prior Planning Prevents Piss Poor Performance
  • #5
  • Sep 29, 2007 5:35am Sep 29, 2007 5:35am
USD/CAD might head down there, but just because oil is high doesn't necessarily mean usd/cad will head down. They are closely correlated in the long term, but in the near term it doesn't always work that way.

CAD/JPY is a good oil trade too like FxJarhead said as I think japan import almost all of their oil. The only problem for me with this trade would be it exposes you to the risks of the yen carry trade. If the yen carry trade unwinds bigtime, CAD/JPY will probably follow.
  • #6
  • Sep 29, 2007 7:53am Sep 29, 2007 7:53am
Thanks a lot
can u till me what can we do for who got 2 lots from 1.0090 buy !!!!

which is the good position for the stoploooooos!!!!!

is that possible to go up next week
  • #7
  • Sep 29, 2007 8:12am Sep 29, 2007 8:12am
I Think It Will Try To Get Close To The Psychological Support Of .9900, But Watch It From .9910 If It Falls From That Point...then We Should Be Looking At It To Find A Support Of .9900
  • #8
  • Sep 29, 2007 8:25am Sep 29, 2007 8:25am
Quoting Alexxy
I Think It Will Try To Get Close To The Psychological Support Of .9900, But Watch It From .9910 If It Falls From That Point...then We Should Be Looking At It To Find A Support Of .9900
I would short it until it is 0.00001 to the USD
.
  • #9
  • Sep 29, 2007 8:55am Sep 29, 2007 8:55am
You Will Be So Sorry Bcos The Pair Will Never Reach That Level. So What Happens If The Bull Comes Back To Take Position??? Then Definately U Will Be Burning Your Fingers, By Then:d
  • #10
  • Sep 29, 2007 12:17pm Sep 29, 2007 12:17pm
Quoting Alexxy
You Will Be So Sorry Bcos The Pair Will Never Reach That Level. So What Happens If The Bull Comes Back To Take Position??? Then Definately U Will Be Burning Your Fingers, By Then:d

so u are with the long from these positions !!!!!
  • #11
  • Sep 29, 2007 7:27pm Sep 29, 2007 7:27pm
It was this low and a bit lower in 1974, right now it is testing that suport level, it could go lower or it cold just as easily turn around and start back up the hill, gee I'm starting to sound like one of those high powered analists huh.....

Anyway there are other pairs that are still trending nicly so trade those while you wait to see what the USD/CAD is going to do.......
Same Whore .... Different Dress
  • #12
  • Sep 29, 2007 9:16pm Sep 29, 2007 9:16pm
Quoting Alexxy
You Will Be So Sorry Bcos The Pair Will Never Reach That Level. So What Happens If The Bull Comes Back To Take Position??? Then Definately U Will Be Burning Your Fingers, By Then:d

0.0000001 USD/CAd is a very realistic scenario to me seriously. U.S. economic fundamentals is sure leading to a financial collapse at some point. the gigantic budget deficit is financed by foreign dollar holdings and eventually this system based on foreigner's trust on U.S. assets will fail.
  • #13
  • Sep 30, 2007 5:18am Sep 30, 2007 5:18am
I can't see it going that low.. but what an entry that would be
  • #14
  • Sep 30, 2007 7:40am Sep 30, 2007 7:40am
Quoting peterM
I can't see it going that low.. but what an entry that would be

maybe 0.9840 !!!!!!
  • #15
  • Sep 30, 2007 11:50am Sep 30, 2007 11:50am
Quoting peterM
I can't see it going that low.. but what an entry that would be
Back 5 years ago I could not see that the current woman will be my wife. I can see her now every day....
.
  • #16
  • Sep 30, 2007 12:43pm Sep 30, 2007 12:43pm
Quoting bullrock
Back 5 years ago I could not see that the current woman will be my wife. I can see her now every day....
Life can be full of surprises :-)

Does anyone know what the USD/CAD record low is? ..My MT4 data only goes back to 1978
  • #17
  • Sep 30, 2007 1:22pm Sep 30, 2007 1:22pm
I have no idea where the previous low or high is and I just keep an eye out for warning signals in price action to tell me when the trend might be reversing.
  • #18
  • Sep 30, 2007 1:32pm Sep 30, 2007 1:32pm
Sorry PeterM for the joke... I just wanted to say you never know. What if CAD goes down to say 0.7...??? Just an idea.
.
  • #19
  • Sep 30, 2007 1:36pm Sep 30, 2007 1:36pm
no problem bullrock :-)

0.7.. nothing is impossible.. If oil breaks $100 and goes beyond and the dollar weakens further.. who knows?

It was over 1.61 in 2002 and been sharply dropping since on the monthly charts with a few retracements..

If it did happen, I would imagine it would be very very tough for the Canadian exporters.. so perhaps that will begin to calm the CAD rise at some point. We will have to wait and see.
  • #20
  • Last Post: Sep 30, 2007 3:13pm Sep 30, 2007 3:13pm
Quoting JodyOng
I have no idea where the previous low or high is and I just keep an eye out for warning signals in price action to tell me when the trend might be reversing.
here ya go....... http://www.forexfactory.com/showpost...2&postcount=22
Same Whore .... Different Dress
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