Recent content by bannisterj

thing is with the usd/cad, i been watching it since feb and now its getting near crunch time, even if it drops another 300 pips, if it gets back to parity by year end who cares, as theres 500 points made from here

i think we are gonna see a correction to 1.08 ish area at the most, then a drop to the final lowin the wave 5, before recovery happens

ll gonna see this through till the bottom eventually happens :confused:

I sure hope your right Ivanovich, could do with clawing back my losses on this one :p

suppose it doesnt matter as it will only be a correction before the big fall to lower levels eventually, :confused:

I read yesterday on bloomberg that analysts were predicting parity by 2009, but surely at this rate we are going to see parity before year end. I mean when i started follwing usd/cad it was at 1.1850, and was trending up, just as my luck ran out and i went long hoping to make 80 pips, it...

parity seems only a summer away now, remember markets are driven by the flocks of greedy banks. i see parity, before any rebound up to 1.100

1.05?? not far away now guys and it wasnt only a few days ago all the experts on dailyfx were saying there would be a long drawn out correction to at least 1.10 i stuck to my guns and watched the graphs like a hawk, the pattern never faltered and was repetition after repetition. small...

to be hones tguys, i am a newbie and although i trade from the seat of my own pants from the united kingdon i read the stuff they write in the dailyfx currency rooms. i found that at least on the usd/chf the predictions they have made could have been catastrophic had i followed them...

you see, told you if i listened i would make, just got 10 billion dollars, oops sorry meant 10 gbps !! thanks guys, advice taken

well thats the thing, i am an I.T microsoft engineer and brand new to forex trading, i dont even understand what averaging down means, thats how new i am,

HI EL SURDO, thing is that guys like usdoutlaw and drt seem to be getting it right, and as long as they are i will keep asking their advice and more importantly listening to them. i know that the forex is something that really no one could predict but thats the beauty of it, listening to...

downrivertrader , people like me need the advice of poeple like you otherwise i would be ttrading blind !! thanks in hope

thanks downrivertrader, because i am newbie i cannot afford to go for high risk and at the moment this pair is such for me. i will go long when its well below 1.10 and at that point am willing to hold on even if it drops another few hundred pips because of its uplift potential. thanks mate

usdoutlaw, i appreciate your honesty and and your last comments have probably saved me from going bust as i was going to go long but have now chickened out. i now intend to watch for another period of time, keep an eye on the forum and maybe trade usd/chf as i reckon gbp/usd could fall of a...