So, you guys suggest not to buy this pair?
- #3,822
- Mar 2, 2011 9:45am Mar 2, 2011 9:45am
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
So, you guys suggest not to buy this pair?
Thats up to you. But I do need someone to be on the opposite side of my trades
Just Trade It
- #3,823
- Mar 2, 2011 9:56am Mar 2, 2011 9:56am
- | Joined Jan 2009 | Status: Snr. Director | 1,158 Posts
Si vis pacem, para bellum.
- #3,824
- Mar 2, 2011 7:57pm Mar 2, 2011 7:57pm
Scarecru, that's what I've been doing. To be honest with you, I've been a perma USD bull most of my life, but I've been beaten up pretty badly in business (exporting) and now I'm just resigned to the fact that the CAD is gonna stay strong along with commodities. What are you gonna do?
As far as your prognostication...that’s not really going out on a limb.
A few of my friends are business exporters as yourself & I feel their & your pain. Some are profiting with CAD strength to keep their business alive ( I am unable to grasp how as I have no financial knowledge).I think they have
US & CAD accounts & just keep switching.
My take is the USD is being kept low for reasons that I can't understand. So I keep with the trend.Re: prognostication ( & you must keep this to yourself) I'm kinda thinking that if I keep offering this "parity or Stanley cup" bet; some interest will be generated. People will want to bet against the house. It could be like a Vegas or Proline venture. Could be big bucks, but let's keep it between ourselves, ok!
DUCE with all sincerity', I wish you the best. You can always PM me.
- #3,825
- Mar 2, 2011 8:40pm Mar 2, 2011 8:40pm
Thats up to you. But I do need someone to be on the opposite side of my trades
You sure packed a lot of info into a very short space. True sign of a successful CEO.
Unfortunately;it took several hours to reach your point.
Would appreciate your sending charts & more detailed posts to help us new traders.
- #3,826
- Mar 3, 2011 9:44am Mar 3, 2011 9:44am
- | Joined Jan 2009 | Status: Snr. Director | 1,158 Posts
Si vis pacem, para bellum.
- #3,828
- Mar 3, 2011 8:06pm Mar 3, 2011 8:06pm
NFP today.
Does it have the same impact for longer trades that it once did?
Could be great scalp opportunity when it comes out.
Sym triangle on daily.
I have sell stop @9680.
Keep yer stick on the ice.
Does it have the same impact for longer trades that it once did?
Could be great scalp opportunity when it comes out.
Sym triangle on daily.
I have sell stop @9680.
Keep yer stick on the ice.
- #3,829
- Mar 4, 2011 7:18pm Mar 4, 2011 7:18pm
Wly tf: $ @ 9715.
2008 Feb 24 low was 9709. Will the support hold?
Tonight's COT shows increasing long CAD positions & increasing USD short positions.
{ DUCE: I'll be watching the game Sat. Wave to me,ok!}
With season's & if the BUDS make it to the cup finals; I'm thinking you could sell yer ticks/game & not gotta worry 'bout this FX crap.
2008 Feb 24 low was 9709. Will the support hold?
Tonight's COT shows increasing long CAD positions & increasing USD short positions.
{ DUCE: I'll be watching the game Sat. Wave to me,ok!}
With season's & if the BUDS make it to the cup finals; I'm thinking you could sell yer ticks/game & not gotta worry 'bout this FX crap.
Wly tf: $ @ 9715.
2008 Feb 24 low was 9709. Will the support hold?
Tonight's COT shows increasing long CAD positions & increasing USD short positions.
{ DUCE: I'll be watching the game Sat. Wave to me,ok!}
With season's & if the BUDS make it to the cup finals; I'm thinking you could sell yer ticks/game & not gotta worry 'bout this FX crap.
Hiya Scarecru,
You make some great posts...thanks!
I have been watching this pair heaps lately with all the news in the Mid-East and the spike up in oil prices....so what do you think will happen this week with the Saudi "Day of Rage"? Do you think this will make the CAD or the USD stronger? I am just wondering your thoughts because you have some great posts...but I am wondering if the markets will start to tank if the price of oil rises which would "normally" give the USD a boost.
Hope your day is going well!
- #3,831
- Mar 6, 2011 6:50pm Mar 6, 2011 6:50pm
STRAH: thanks fer the kind words
wrt oil: couldn't break high last week & last week's news wraps this week's trash re: day of rage. Never did well with fundafriggingmentals.
However; an oil futures chart shows STO & RSE o/b & there is more extreme div btn comm & noncomm COT.
But I don't think (to quote the ex) that oil is the main driver in this pair.
General US$ fear leading to strong LOONIE.
If break > 9900 12 higher than last week's high then could be some long scalps. STO heading up.
Await close < 9680 for more sells.
Otherwise will play range 9700/9890.
wrt oil: couldn't break high last week & last week's news wraps this week's trash re: day of rage. Never did well with fundafriggingmentals.
However; an oil futures chart shows STO & RSE o/b & there is more extreme div btn comm & noncomm COT.
But I don't think (to quote the ex) that oil is the main driver in this pair.
General US$ fear leading to strong LOONIE.
If break > 9900 12 higher than last week's high then could be some long scalps. STO heading up.
Await close < 9680 for more sells.
Otherwise will play range 9700/9890.
- #3,833
- Mar 7, 2011 3:00pm Mar 7, 2011 3:00pm
- Joined Jan 2009 | Status: Pharaoh | 1,612 Posts
Don't have an ego. Always question yourself and your ability.
- #3,840
- Edited 7:25pm Mar 9, 2011 7:09pm | Edited 7:25pm
FOTO: truly a pleasure to read your posts. I hope all is well in your life.
Again I gleamed several pieces of the puzzle from your information.
I shall watch the U/J pair (rarely, trade it, so don't analyze the chart).Just perused my U/Y & noted that 82 could be a line in the sand for BoJ to intervene.
You mentioned Asia & one bank sheet noted RBA's Stevens re:raising growth forecast for 2011 from 3.75% to 4.25% (will look if OZ can break 1.0200).
Another sheet today, reported a decrease in the Brent-WTI oil spread &
questioned profit taking & possible oil top forming.
How much effect does high commodity price have on the consumer ( such as myself)? In my situation, I have reduced my spending ( HIGH TAXES have ensured that). I know the US phoenix will return from the ashes; BUT I don't know when & sure would appreciate periodic updates from you
when you have the opportunity.
In the meantime, I'll still have a bearish view U/CAD based on TA.
Again I gleamed several pieces of the puzzle from your information.
I shall watch the U/J pair (rarely, trade it, so don't analyze the chart).Just perused my U/Y & noted that 82 could be a line in the sand for BoJ to intervene.
You mentioned Asia & one bank sheet noted RBA's Stevens re:raising growth forecast for 2011 from 3.75% to 4.25% (will look if OZ can break 1.0200).
Another sheet today, reported a decrease in the Brent-WTI oil spread &
questioned profit taking & possible oil top forming.
How much effect does high commodity price have on the consumer ( such as myself)? In my situation, I have reduced my spending ( HIGH TAXES have ensured that). I know the US phoenix will return from the ashes; BUT I don't know when & sure would appreciate periodic updates from you
when you have the opportunity.
In the meantime, I'll still have a bearish view U/CAD based on TA.