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  • #1,221
  • Dec 6, 2011 3:25am Dec 6, 2011 3:25am
U$/C$ seems to be capped at 1.0190-1.0205 for the past few days. I entered a short at 1.0188 targeting 1.008 before the next retest of the 1.0232/1.0259.

Halifax/Swiss CPI seems to have hit the dollar hard.. as this trade was not performing prior to this news, I am debating if I should bail .
Any prices quoted are futures
  • #1,222
  • Edited 4:28am Dec 6, 2011 4:09am | Edited 4:28am
Ich frage mich, warum ist es Händlern nicht gern U / C Handel ... "U/C = Utter crap" ?

We are now in the snakes and the baboons zone in U/C . If you are not carefull enough ... they will tear you apart ...

Tracking the CAD and USD indexes ...

Those snakes and baboons are shaking my +823 pips ... they can do whatever they wish ... Im watching ...
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  • #1,223
  • Edited 4:54am Dec 6, 2011 4:46am | Edited 4:54am
BRENT is shaking ... but SS&P 500 is holding still ... supporting U/C to fall ...
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  • #1,224
  • Dec 6, 2011 5:27am Dec 6, 2011 5:27am
Quoting redteamgo
U$/C$ seems to be capped at 1.0190-1.0205 for the past few days. I entered a short at 1.0188 targeting 1.008 before the next retest of the 1.0232/1.0259.

Halifax/Swiss CPI seems to have hit the dollar hard.. as this trade was not performing prior to this news, I am debating if I should bail .
If you are lucky ... have patience ... and sufficient amount in your account ... you will get through it ... because ... previous occasion ... U/C has been slaughtering between 1.0050 - 1.0300 for about a month. Happy pipping
  • #1,225
  • Dec 6, 2011 5:30am Dec 6, 2011 5:30am
Just out of curiosity... asides from the actual central banks' websites, is there a generally accepted quickest news source that will release key economic data numbers to the public?
  • #1,226
  • Dec 6, 2011 5:39am Dec 6, 2011 5:39am
Quoting adug6
Just out of curiosity... asides from the actual central banks' websites, is there a generally accepted quickest news source that will release key economic data numbers to the public?
If you are willing to pay ... try the premium base . As usual ... google it elsewhere to find it out
  • #1,227
  • Edited 6:14am Dec 6, 2011 5:56am | Edited 6:14am
Quoting VennD
If you are willing to pay ... try the premium base . As usual ... google it elsewhere to find it out
I have Quotecenter that was bundled with my Metastock Pro charting system and Dailyfx had the numbers before the quotecenter newswatcher. I thought Thompson/Reuters were the industry leaders for market data. Gonna have to look into that crap.

For Bank of Canada's interest rate announcement, I assume you can't beat:

http://www.bankofcanada.ca/monetary-...rate/schedule/
  • #1,228
  • Edited 12:46pm Dec 6, 2011 6:10am | Edited 12:46pm
Quoting adug6
...
For Banks of Canada's interest rate announcement, I assume you can't beat:
If Im Canada (BOC)... I'll let it stay at 1.00% ... still cheap ... compare to Australia. Everybody must buy that oil anyway ... After winter season in US and Japan ended ... only then I might reduce it .
  • #1,229
  • Dec 6, 2011 6:39am Dec 6, 2011 6:39am
promising layout H1 TF
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  • #1,230
  • Dec 6, 2011 8:36am Dec 6, 2011 8:36am
I will wait for USD/CAD drop to below 1.0100 and try a small short-time long. play it swing between 1.01 and 1.02
  • #1,231
  • Dec 6, 2011 8:46am Dec 6, 2011 8:46am
Quoting VennD
If Im Canada ... I'll let it stay at 1.00% ... still cheap ... compare to Australia. Everybody must buy that oil anyway ... After winter season in US and Japan ended ... only then I might reduce it .

Dear VennD,
ni hau ma?
wanna to asked u...WTH is going on with U/C?
just with 1 Bar's TF30 had coaster down to hell ?
any news influenced ?
  • #1,232
  • Dec 6, 2011 10:19am Dec 6, 2011 10:19am
Good time to enter now. I just enter my long 1.0120-1.0150 (16:00 GMT)
  • #1,233
  • Dec 6, 2011 10:45am Dec 6, 2011 10:45am
Quoting HandsFx
Good time to enter now. I just enter my long 1.0120-1.0150 (16:00 GMT)
same here, just entered my long at 1.01198
  • #1,234
  • Dec 6, 2011 11:26am Dec 6, 2011 11:26am
Quoting VennD
If Im Canada ... I'll let it stay at 1.00% ... still cheap ... compare to Australia. Everybody must buy that oil anyway ... After winter season in US and Japan ended ... only then I might reduce it .
If anything it will go up.. do not expect a rate drop anytime soon
  • #1,235
  • Dec 6, 2011 11:37am Dec 6, 2011 11:37am
Quoting Cdawg
If anything it will go up.. do not expect a rate drop anytime soon
Looks like a wedge forming to the downside.....sub par?
  • #1,236
  • Edited 12:08pm Dec 6, 2011 11:47am | Edited 12:08pm
Quoting redteamgo
U$/C$ seems to be capped at 1.0190-1.0205 for the past few days. I entered a short at 1.0188 targeting 1.008 before the next retest of the 1.0232/1.0259.

Halifax/Swiss CPI seems to have hit the dollar hard.. as this trade was not performing prior to this news, I am debating if I should bail .
what an outstanding morning
Any prices quoted are futures
  • #1,237
  • Dec 6, 2011 12:42pm Dec 6, 2011 12:42pm
Quoting bestrader98
Dear VennD,
ni hau ma?
wanna to asked u...WTH is going on with U/C?
just with 1 Bar's TF30 had coaster down to hell ?
any news influenced ?
Im fine ... thank you ... hope you're doing well too ...

No, I do not know what the hell had happened, man ...

+853 pips secured

(Sorry for the late reply ... juz woke up)
  • #1,238
  • Edited 1:27pm Dec 6, 2011 12:59pm | Edited 1:27pm
maybe ... the following are some of the factors before the drops ...

1) BOC Interest Rate Unchanged at 1.00% (Sell U/C).

2) CAD Building Permits (MoM) / -4.9% <> +1.6% ---> +11.9% (Sell U/C).

3) CAD IPM Index / 55.6 <> 55.0 ---> 57.10 (Sell U/C).

4) Brent / Crude are shaky but trending up (Sell U/C)

5) SS&P 500 holding steady above 1237.07 and moving up ... currently sit @ 1257.72 (Sell U/C)


Will gather some more reasons/info if there is ... ( my 15m tf technicals also show downsides for U/C before the drops ... why u asked ? u bought U/C ? well ... that's good ... at least ... when I sell ... you come handy to buy it ... thank you ).
  • #1,239
  • Dec 6, 2011 1:03pm Dec 6, 2011 1:03pm
Quoting western
Looks like a wedge forming to the downside.....sub par?
That's what I am thinking as well, with the sharp drop off this morning, just on impulse should take down below 1.01. Still more news to come this week, so If your not already in a trade, I would suggest sitting it out until the dust settles. Price could drop below par or revert..

Good luck to all
  • #1,240
  • Dec 6, 2011 1:39pm Dec 6, 2011 1:39pm
Do you still remember when I told you about this chart ? If you have forgotten about the contents ... I can't help you anymore ...

Good Luck in your journey to become ... among the millionaires ... due to forex
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