CAD - Housing Starts | Forex Factory

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CAD - Housing Starts

  • #1
  • First Post: Sep 11, 2006 3:53am Sep 11, 2006 3:53am
CAD appears to be stronger than USD this morning. For anyone that plans to trade this, I thought I'd mention it.

It could have something to do with the anniversary of 9/11 and all the mourners in New York today to read off the names again.

Good luck if you plan to trade it.
  • #2
  • Sep 11, 2006 3:56am Sep 11, 2006 3:56am
Quoting ngdaniel
CAD appears to be stronger than USD this morning. For anyone that plans to trade this, I thought I'd mention it.

It could have something to do with the anniversary of 9/11 and all the mourners in New York today to read off the names again.

Good luck if you plan to trade it.
But not only CAD is stronger versus $ in this moment.
I believe there is a little uptrend momentum, but for the week I think bullish $ will keep going
  • #3
  • Sep 11, 2006 4:00am Sep 11, 2006 4:00am
Quoting trucco
But not only CAD is stronger versus $ in this moment.
I believe there is a little uptrend momentum, but for the week I think bullish $ will keep going
I trade day-by-day, not momentum of the week because anything can change within the day.

Bloomberg reporting:

USD down along with crude oil.

Yen falling due to a government report.
  • #4
  • Sep 11, 2006 4:07am Sep 11, 2006 4:07am
Quoting ngdaniel
I trade day-by-day, not momentum of the week because anything can change within the day.

Bloomberg reporting:

USD down along with crude oil.

Yen falling due to a government report.
I agree with you, and I also trade day by day.
Just I meant, I dont know how long the dollar keeps weak today.
  • #5
  • Sep 11, 2006 4:11am Sep 11, 2006 4:11am
Quoting trucco
I agree with you, and I also trade day by day.
Just I meant, I dont know how long the dollar keeps weak today.
Don't worry about it. Just make money and move on to the next report.
  • #6
  • Sep 11, 2006 10:02am Sep 11, 2006 10:02am
Quoting ngdaniel
CAD appears to be stronger than USD this morning. For anyone that plans to trade this, I thought I'd mention it.

It could have something to do with the anniversary of 9/11 and all the mourners in New York today to read off the names again.

Good luck if you plan to trade it.
Obviously I was correct about this since during the Housing Starts announcement, the USD/CAD was a short for the hour.

Maybe there is a bit of logic to my madness !!!!
  • #7
  • Sep 11, 2006 10:11am Sep 11, 2006 10:11am
I did not get in to a trade with this report. I did set up for one, but stepped back with the slow movement.

Look forward to tomorrow.

DC
"There is MORE Happiness in giving than receiving"
  • #8
  • Sep 11, 2006 10:46am Sep 11, 2006 10:46am
same here DC, it was pretty much a non mover. UK CPI tom at 4:30 looks good though.
  • #9
  • Sep 11, 2006 10:47am Sep 11, 2006 10:47am
Quoting drcole1
I did not get in to a trade with this report. I did set up for one, but stepped back with the slow movement.

Look forward to tomorrow.

DC
Japan released a poor government report during overnight trading.

USD/JPY trending up all day. Buy USD/JPY for a position trade and collect pips. It is a good trade.
  • #10
  • Sep 11, 2006 10:59am Sep 11, 2006 10:59am
Quoting ngdaniel
Obviously I was correct about this since during the Housing Starts announcement, the USD/CAD was a short for the hour.

Maybe there is a bit of logic to my madness !!!!
if you trade 100 lots per time, then for you even one pip is considered short ot long LOL.

But I dont know how are your nervs when it is 1 pip against you
  • #11
  • Sep 11, 2006 11:09am Sep 11, 2006 11:09am
Quoting trucco
if you trade 100 lots per time, then for you even one pip is considered short ot long LOL.

But I dont know how are your nervs when it is 1 pip against you
Don't trade emotions or you will become a nervous wreck.

I know how much I am willing to lose in a trade. Learn to manage your money and stick to it.
  • #12
  • Sep 11, 2006 11:37am Sep 11, 2006 11:37am
Quoting ngdaniel
Don't trade emotions or you will become a nervous wreck.

I know how much I am willing to lose in a trade. Learn to manage your money and stick to it.
Im not very emotional indeed, but I would be if a pip would worth 1000 $

My pips worth usually from 10$ to 30$
  • #13
  • Sep 11, 2006 11:50am Sep 11, 2006 11:50am
Quoting trucco
Im not very emotional indeed, but I would be if a pip would worth 1000 $

My pips worth usually from 10$ to 30$
It is a state of mind. You still have the same job: Minimize your losses and maximize your returns.

Pip values should not matter. If you worry about such amounts, your best bet is not to trade.
  • #14
  • Sep 11, 2006 12:09pm Sep 11, 2006 12:09pm
Quoting ngdaniel
It is a state of mind. You still have the same job: Minimize your losses and maximize your returns.

Pip values should not matter. If you worry about such amounts, your best bet is not to trade.
ngdaniel, dont take it bad

I dont worry about pips of 10-30$ (which is 1-3 regular lots).

I just never heard about somebody (apart instiutions) that plays 100 regular lots per time.

For me if a trader makes few K $ a month beside his job is a very good income.

Probably for you this is nothing. Is great that you can earn and risk such money
  • #15
  • Sep 11, 2006 1:02pm Sep 11, 2006 1:02pm
Quoting trucco
ngdaniel, dont take it bad

I dont worry about pips of 10-30$ (which is 1-3 regular lots).

I just never heard about somebody (apart instiutions) that plays 100 regular lots per time.

For me if a trader makes few K $ a month beside his job is a very good income.

Probably for you this is nothing. Is great that you can earn and risk such money
I am not risking. I am making a living. Currency speculation is my job and affords the rest of my life.

Trading should do this for you too.
  • #16
  • Last Post: Sep 11, 2006 4:20pm Sep 11, 2006 4:20pm
Quoting ngdaniel
I am not risking. I am making a living. Currency speculation is my job and affords the rest of my life.

Trading should do this for you too.
Shewt boy, why are you here talking to strangers in a forum when you could be out getting your toes licked by beautiful women?
Mr. Trend
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