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For those of you who love magic lines on a chart, I offer the example of USDCHF, which did its big meltdown in Oct-Dec - from 2780 to 1923, about the same as USDCAD's recent performance. By Jan 28 it had recoverd to F5 (2590). F5 for USDCAD is 1652. People were talking about parity a year...

Re Dodge: In the Globe a few days ago, can't remember exactly when. All I can find on the web is two speeches on May 1 and May 4 in which he defends floating exchange rates, says the BoC has no intention of intervening to push the loonie down, repeats what everyone knows - that CAD is a...

I have a diffferent trading style from most people on this list, and it has worked very well for me. (a) I hold the leverage down to 10:1 max, so I can ride out moves of up to 800 pips against me. (b) I don't use stops, although I will liquidate a position at a loss to free up capital for a...

I am personally very long on USDCAD - I believe we will be back to at least 1500 in a month or two. Today we dropped to 70 pips above a 30-year low, and there's no justification for it. Last year this time oil was at $77, now it's at $61. The interest rate picture hasn't changed since we were...

My point exactly. We know after the fact that jumping into the market in 1933 was a great move, just as we know after the fact that the effects of the great crash would be cancelled out in a few years and anyone who rode it out would make a small profit. It tells us nothing about what's the...

Duh. The "Great Depression" consisted of a sharp downturn from 1929 to 1933, followed by a strong recovery. Real GDP was back to the 1929 level by 1936, and 5% higher in 1937. Per capita GDP grew by 40% from 1933 to 1937, or nearly 9% a year. Check out...

I don't use stops any more - tired of getting stop hunted. Just have lots of cushion, enter near the top/bottom of the channel, set a reasonable target and wait patiently. Currently waiting for USDJPY to drop back to 115 or so - might take a few months, but I make 60% when it does. I have...

Not that you would want to believe anyone who pulls down $40k a year as a financial journalist, but some guy in the Globe was predicting 1.33 over the next year. However since EUR and JPY are both predicted to go up against USD, maybe the place to be is EURCAD or CADJPY. I know GBPCAD has gone...

At one point I bought a block of 2 million USDCAD at 1.1080. If I had had the gumption to hang on to it, I would at one point have been down $28,000, but I would now be $100,000 ahead. I think with currencies it's like with the weather: nobody can tell if it's going to rain tomorrow, but any...

who the ^&* knows what trend it's on. I longed at 1288, sold at 1301, shorted at 1296 - we shall see. Personally I think we're in more or less a horizontal channel between 1200 and 1400. A least squares line for the last week shows it sinking at around 8 pips a day. I hedged by shorting...

so what the ^&*( is happening now?? Can this be a reaction to the fact that the Fed didn't raise rates, as nobody thought they would? Or to news that back in July when oil was hitting $80 the US c.a. deficit hit a record? What's holding the loonie up? Life support?

yep, me, at $50 a pip. If oil stays down I predict 1500 in a few weeks, especially if BoC drops rates by a quarter, as they well might

I dunno, it's not all that irrational long-term. Since 1999, there's been a 91% correlation between the loonie and spot oil prices, for starters, and looking visually at the graphs, the loonie seems to be lagging oil by about 2-3 weeks right now. So the benefits of the oil slump should be...

absolutely not true, sccz. I sat and watched a stop order (not a stop limit order) be ignored and ignored and ignored as the price went up and down and around it, in slow trading at 2am, in USDJPY where there was plenty of liquidity. I have also watched limit orders be acknowledged and then...

Not exactly TWS, but suggestions for new order types. (1) a "Market Limit" order, which would submit as a limit order at the bid/ask time in effect when the order was transmitted, so you wouldn't have to keep adjusting the limit price in a fast-moving market. Also allow this order type to have...

By the way, anyone here have experience with their Java API? I'm an old-time programmer but I've never used Java. I try to compile the sample program (TestJavaClient) using NetBeans, but it says "package com.ib.client does not exist" even though I go into Library Manager and add...

It's very simple. They have the resources of a government, meaning billions of dollars and enforcement powers, and they make it a priority. They've also got a pretty good educational system as third-world countries go. They produce some damn good baseball players and maybe the best-ever...

dang, that table didnt come out too well. The main thing that isn't clear is that the US spends $5,437 per capita on health care, of which $2,081 is spend by the federal govenment and I don't know how much by state and local governments, whereas Canada spends $2,610 per capita in total...

sorry, pushed send prematurely Health care spending Per 1000 population GDP/ As % $ per capita Hospital Country capita of GDP total gov't Doctors beds USA $37,240 14.6%...

The facts I cited are all from The Economist, Pocket World in Figures. Here's a summary table, from the same source Health care spending Country GDP/capita %GD