EurAnalysis

OANDA Canada accounts are available to anyone with a Canadian bank account. OANDA Canada is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and customer deposits are insured by the Canadian Investor Protection Fund (CIPF). source http://fxtrade.oanda.ca/

There is Canadian Investor Protection Found or CIPF that CIPF covers customers of Members who have suffered or may suffer financial loss solely as a result of the insolvency of a Member. Such loss must be in respect of a claim for the failure of the Member to return or account for securities, cash balances, commodities, futures contracts, segregated insurance funds or other property, received, acquired or held by, or in the control of, the Member for the customer, including property unlawfully converted. The limit is $1,000,000 CDN.
members of CIPF

what is the max leverage available in these Canadian accounts? Can you long/short same pai in one account?

thanks

I dont know, i dont have an account there yet. Leverage depends on the broker, trading policy on low, best to ask a broker if they allow long short at the saime pair.

Oanda trader's positions have more buying pressure than selling in the short term (between 1.33 and 1.33256)... if I'm reading this chart correctly that is. Overall there seems to be a lot more selling pressure.

Source

you can't really tell much from that Tyoon. For a successful trade you not only need to know which direction to trade but also timing, can't trade one without the other.

price says all:

support resistance
supply and demand
human emotions
trendlines
cycles
waves
trend
sentiment

Obviously, but it does give you a hint to where buyers and sellers have open orders. I say a 'hint' because this is only a feed from one broker and most of those open orders are probably retailers.

LMFAO !

we have been infected

Yeah, but we have an anti viral shot known as PT. But it should be noted that Nubs was just trying to be friendly.

I think you also need a Canadian address and ID card. In fact I am sure of it.

praise jeebus. i think we will be ok.....

Hi guys,


Attention attention, crystal ball polished, spam ahead. I have changed marking of waves, I hope it is more easy to understand. As usuall, feel free to select different points for measuring, or timeframes.
...

Price is like a very large number of people all talking loudly at the same time. Everything may be there, but there is no way to understand it all.

...
G1 – We are still in the same zone, so I dont feel necessarry to include chart. Right now, from a daily close point of view, we are in 80,2% correction of a bullish wave between 3.10. - 31965 and 27.10 41657. So still in a very strong bullish pressure. But since down below ,32 lurks oblivion, bulls heavily guard this zone. I am still missing last deathbed spasm of bulls before capitulation.

G2 – Since 27.10, we have experienced several minor bearish trends 104% was the start, followed by 165%, 12% and major bull 228% who created final low 1,3227. I think there are hoardes of margins up there. This was seriously long fall. It is needed to say that two most significant bullish events were 89% on Veteran Friday intervention + 79% on last weeks coordinated intervention by all world banks. I find this part very important. All banks lowered swap rates on the same time together with Chinese CB, who lowered collateral requirements. This is serious issue as it seems whole world now realizes situation in Europe and Bank of China joined our favourite block FED + ECB + SND + BOJ.

G3 – From this point of view, we may actually see one minor bullish trend which occured right after intervention and reached 165%. Mor importantly, from this point of view we may see, that this week bearish pressure was accelerating again and created 137% trend on Tuesday and 152% on Friday, after next Europeaen show failure.

Technical conditions – Bears still in extreme pressure down. Lots of yummy margins up there, this bear lasts for 6 weeks now.

Fundamental conditions – Draghi fired all bullets ECB had. He lowered swap rates, collateral requirements. Yet it wasnt sufficient as markets were probably expecting ECB bond buying. Angie, who was telling she will do anything what it takes to save Europe blocked everything she could and Cameron walked off the table. Ratification process of fiscal consolidation will take weeks. Bond yields left panic levels, but still are very high.

...

Conclusion – I still miss the last spike up and will be closely watching. Short squeeze combined with hope rally was very viable option. But it seems to me that hope is gone now. So I estimate further bearish pressure and market ranging down toward 1,32. Although hope is gone, new dark force of coordinated CB together with China emerged. This is signifficant threat and another coordinated intervention could provide short squeeze. So I expect ranging market down and will be watching news.


GL all,


Tom

I like it when Nubs is friendly !

Need a canadian address? I have a few up here ;-)

Let us wait and see; markets have had not much time to really react to what happened at the end of last week. ECB has opened up the vault for the ez banks and will continue to buy the deadbeat sov's debt. I am looking for a rally. S&P can burn off the hopium but I kinda doubt they will. Should be an interesting week.

marked & trace this topic

WTF! I don't understand???? Other than all you have is a sell button on your platform!

Welcome to another week of which way do we go.

An old Wall Street phase has been stuck in my mind all weekend after watching the little rally friday at the conclusion of last weeks summit.

"Bulls make money, Bears make money, Sheep get slaughtered"

Major headlines that moved the markets were mostly out of Europe and some out of China.

Basicly

ECB pretty much stuck with their mandate, isn't going to fire up the printing press to "bail out" europe, lowered interest rates and can only buy the same fixed amount of bonds and, if I recall correctly, is lengthening short term loans to banks to 3 years.

European Summit produced a financial pact and agreed to agree do be fiscally responsible and follow the rules (Note they were not following the rules already in place) with no real teeth behind this agreement to enforce the rules. Of course now Britain is the bad boy outcast now. Everyone loves good drama.

China Investment Corporation (CIC) which is China's sovereign wealth fund has set aside $300 billion to invest. The Sheeple decided it was a bail out for Europe and the markets rallied and it isn't a bailout. From what I have read 1/2 will be invested in US and the other half set aside for investments in Europe. It's not a bailout, China isn't stupid and won't throw their money around blindly. They will most likely invest in US and European companies through the stock markets and possibly buy some Sovereign bonds. China isn't going to bail out Europe, they are going to buy Europe, just like they have been buying the US.

Now I see every major news outlet and investment has had time to digest and blow holes in fridays summit and ECB statement. This week there is a lot of focus on US economic data coming out. S&P ratings will also likely figure in big with any decisions they make on downgrading European countries, bonds and banks.

On the weekly we have a spinning top, indecision, we really went no where last week and price made a lower high and a higher low than the prior week.

Daily we had a lower low and a lower high, price is still unable to close above the Bollenger Band mean and has been contained within the down channel. Price has been trapped between the same supply and demand levels for 2 weeks.

I personally am still short E$ and holding "risk off" positions across several currency pairs until I see momentum actually change to "risk on". Asia may have their party today but I think the party will be short lived. It'll be very short lived if S&P downgrades something big in Europe.

The markets wanted to see Europe pull out a pair of Aces and they laid down snake eyes. I'm calling their bluff. My chips are in and I call.