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USD/CAD Trading Room

  • #221
  • Dec 3, 2009 12:56pm Dec 3, 2009 12:56pm
US protectionism is alive and well.
Si vis pacem, para bellum.
  • #222
  • Dec 4, 2009 6:10am Dec 4, 2009 6:10am
EDIT: Here are the correct numbers - http://www.theglobeandmail.com/repor...rticle1388321/

Let's see what happens in January when the VISA bill comes in.
Si vis pacem, para bellum.
  • #223
  • Dec 7, 2009 6:28am Dec 7, 2009 6:28am
The Canadian government's ecoEnergy Retrofit Grant program ends February 1, 2010. Permit numbers should increase up to that date. After that, who knows. Maybe they'll extend the grant period.8:30am CAD
Building Permits m/m
http://cdn.forexfactory.com/images/m...etail_star.gif 18.0%
1.1%3.2%http://cdn.forexfactory.com/images/m...us_revised.gif
Si vis pacem, para bellum.
  • #224
  • Dec 8, 2009 6:50am Dec 8, 2009 6:50am
1.0602 is one of my long term fibo lines. Hopefully 1.0563 will provide some support over the next few days. If so, my next up fibo line is 1.0695. Below is 1.0509. Again, these are not short time frame scalping lines.

I don't mind this pair being in 'cruise control' for the next several month, but as long as it trends slightly higher. Low oil is not helping it, not exactly sure why but when in doubt, point to the weak, disasterous US dollar. Hopefully the greenback will strengthen a bit, but I have my reservations.
Si vis pacem, para bellum.
  • #225
  • Dec 8, 2009 7:04am Dec 8, 2009 7:04am
Let's see what happens.
Si vis pacem, para bellum.
  • #226
  • Dec 8, 2009 12:11pm Dec 8, 2009 12:11pm
Latest rumour:

There are approx. 30k mortages coming due in the next many months that are held by small brokers/lenders who they themselves cannot get refinancing from the big banks. Therefore, there may be quite a few borrowers who had a bad credit rating in the first place (which is why, in some cases, they went to private lenders for money) who will not be able to get any funding at all. And in some cases, even though they paid their monthly mortgage payments on time (to the private lenders), they will not be able to get refinancing from that same lender or a bank. I think the inevitable increase in mortgage rates will hurt a lot of people. That's why (in the US) Obama is pressuring banks to lend money to Main Street and not Wall Street. Same thing is gonna happen up here.

Discuss.
Si vis pacem, para bellum.
  • #227
  • Dec 14, 2009 7:05am Dec 14, 2009 7:05am
Still holding sell from 1.065 SL 1.068 TP 1.059
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #228
  • Dec 14, 2009 10:51am Dec 14, 2009 10:51am
Quoting Yngwie
Still holding sell from 1.065 SL 1.068 TP 1.059
Hit TP for 60 pips

More in my blog~!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #229
  • Dec 14, 2009 6:25pm Dec 14, 2009 6:25pm
Quoting Duce
Latest rumour:

There are approx. 30k mortages coming due in the next many months that are held by small brokers/lenders who they themselves cannot get refinancing from the big banks. Therefore, there may be quite a few borrowers who had a bad credit rating in the first place (which is why, in some cases, they went to private lenders for money) who will not be able to get any funding at all. And in some cases, even though they paid their monthly mortgage payments on time (to the private lenders), they will not be able to get refinancing from...
Are we heading for another housing market meltdown?
Pity the fool who thinks they'll make it overnight...
  • #230
  • Dec 14, 2009 7:04pm Dec 14, 2009 7:04pm
We never had a housing market decline up here. Actually, prices are skyrocketing (in the bigger cities). Extremely low interest rate as well as buyers wanting to purchase real estate BEFORE the new HST tax comes into affect next summer (effectively adding another 8% to the purchase price) has helped housing prices stay up. But if unemployment doesn't stop and recede, how will these people pay their low interest mortgages? Nobody has savings. In fact, Canadians are carrying the highest personal debt ever. Like in the US, companies want to get thru Q1 2010 before deciding whether to lower the axe on some if its employees. I'm curious to see what this December's retail numbers prove to be. I know my Christmas shopping is less than half of last year's. But then again, this recession has turned me into a cheap bastard. I'd rather have cash in the bank than cheap 'made in China' crap beside the Christmas stump (no tree this year. I chopped it down to make a fire to keep warm).
Si vis pacem, para bellum.
  • #231
  • Dec 17, 2009 12:00am Dec 17, 2009 12:00am
Still holding

Sell 1.068 SL 1.073 TP 1.063
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #232
  • Dec 17, 2009 4:16am Dec 17, 2009 4:16am
Hello guys

The news which is just released are good for cad
i'm short @ 1.0714 and SL @1.0764 TP open, just hope for lil pips remembering this ucad is in bulish trend
Guide me please
  • #233
  • Dec 17, 2009 4:18am Dec 17, 2009 4:18am
Long .728
Trader from Croatia
  • #234
  • Dec 17, 2009 7:00am Dec 17, 2009 7:00am
I just added another long, which makes it 4 this month. And I've been scalping quite successfully.

On the flip side, I closed a long term Euro long with only just a few pips over BE. Almost all of my profitable pips vanished in that pair.
Si vis pacem, para bellum.
  • #235
  • Dec 18, 2009 1:11pm Dec 18, 2009 1:11pm
Quoting Duce
We never had a housing market decline up here....
sounds like bad news in the making. excessive debts make poverty in the long run because somebody has to pay.

this pair is very frustrating but not surprising since most of the cad economy is tied in with the usd's.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #236
  • Dec 19, 2009 2:21pm Dec 19, 2009 2:21pm
Quoting TaoTrader
Allow me to give another perspective on the U.S. dollar issue. Anyone who studies economics and the economies of countries such as the U.S know the dollar is facing a possible drop......maybe even as the world reserve currency. Uphios and SkyzerFX are not unreasonable to say these things. However, so many things have to be considered that I am not easily convinced the dollar is headed down next year. I am not an expert on economics, but I love this subject and I have studied it a great deal, along with constantly studying and observing world economic...
Do you keep posting this in Every Thread on all the forum
  • #237
  • Dec 20, 2009 1:16am Dec 20, 2009 1:16am
Quoting Geene
Long .728
No change...
Trader from Croatia
  • #238
  • Dec 21, 2009 6:27am Dec 21, 2009 6:27am
I just went long at 1.0555, who is trading this pair here?
  • #239
  • Dec 22, 2009 9:28am Dec 22, 2009 9:28am
From Dailyfx.com..............


USD/CAD
Strategy: Long at 1.0558, Targeting 1.0875
Weekly Profit / Loss: +88 pips
Total Profit / Loss: +63 pips
We entered long USDCAD at 1.0558. Although bullish momentum has not materialized in earnest, the consolidation of recent weeks has formed a bullish ascending triangle formation, hinting that the direction of the eventual breakout is likely to favor bulls. We will remain long, continuing to target the 11/02 wick high at 1.0875. A stop-loss will be activated on a daily close below 1.0415.


Read more: DailyFX - USDCAD: Ascending Triangle Hints at Bullish Breakout Ahead http://www.dailyfx.com/forex/technic...#ixzz0aRJn9K5X
  • #240
  • Dec 22, 2009 10:13am Dec 22, 2009 10:13am
I might try and trade this pair some. I haven't really looked at it before now.
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