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Well I got stopped out and the usdcad just went back up to 1230 should have never moved my stop higher *sigh*

oooh bad number for US housing data exited 1/2 of existing @ 1230 ... holding last half of existing raised stops to 1205

took off my long usdcad core from 1221 @ 1230 still have my longs from 1203 & 1204 the BoC rate decision was to hold steady .... just waiting for US number Econ numbers @ 10am form confirmation to continue adding and waiting for some type of statement or newswire alert on the USDCAD or...

What an awful battle. I am getting frustrated. overnight added usdcad long @ 1218 & 1219 exited by limits @ 1240 & 1240 held existing core and waited for momentum (plus I increased my stops to 1187... ultimately leaving it overnight not monitoring during euro session. <----- mistake I...

Watch out for the BoC rate decision .. my thoughts 35% chance - BoC holds at 4.25% then we will see a relief rally, no real comments 50% chance - BoC holds @ 4.25% with hawkish comments we will see a dip and then a mild relief rally 15% chance - BoC holds @ 4.25% with dovish comments , we...

No prob... (unfortunately Elite Trader is a free service so I am not going to go moderating yet unless it gets really annoying) Well if you read my posts I recently have been losing for the past week in USDCAD. Speculation it seems is still to the downside with no relief rally in sight (I am...

I agree but 200 pips might be too hopeful Plus are you willing to take the risk holding over the weekend? in anycase if their is a rally we might see the 20 EMA on the daily but thats as far as I think a rally might take the usdcad. CAD econ numbers are relatively stronger than US numbers...

bought another one @ 21 three units at prices: 1221; 1224; 1227 I am really looking for a "well its the end of the week, I made money on my shorts and its time to close" rally heh

Well looking back to what I said ... the daily charts hammer candle formation yesterday looks more like a doji formation. Even it was a hammer the next bar, today's bar broke yesterdays low which leads me to think a long in usdcad is probably not a good idea right now However looking at...

boy was I wrong ... I was also buying in the 80s got out of half at 1300 and then got my stop hit at 1260s I am also going long usdcad 1227 & 1224 with stops in the single digits ... looking for a similar bounce as yesterday double bottom anyone?

Well there we go ... I got a low of 1227 Unfortunately this low was very fleeting. Looks like the USDCAD is forming a strong hammer candlestick formation which could indicate a temporary bottom and the start of a relief rally. Remember the next daily bar is crucial in confirming this...

Well the fact that prices will go down should stop more new housing starts because the reward part of the risk/reward equation will obviously decrease. A housing implosion will also come in the form of less lending (i.e. less subprime risk). I think the demand will dry up because there will be...

YW multi day trades are great but a lot of patience is needed and good entry points are critical Good Luck and Good Trading!

Ok I deviated from my plan. Overnite I saw the USDCAD strength and remembered how I missed a 300 pip short a while back because the USDCAD was a difficult short before, during and after the QUEBEC elections. (I covered for about 30 pip profit, thought that I was a lucky dog, and then Dennis...

With commodity prices still high (oil prices might skyrocket during the summer) and the Canadian economy still "Macro-Econ" strong (rate increases in the future), I am thinking that USDCAD will see around 1.1000 (give or take 100 pips). This opinion is assuming that the US economic constant...

I cannot believe that 1275 was the follow through ... plus I missed that exit point. Still looking for 1250 to cover my stop on my last half short from 1340 is at 1340 so no real worries trading the cable mostly right now ... its hot hot hot

thanks

oops here is the latest story on the railway strike http://www.bloomberg.com/apps/news?pid=email_en&refer=canada&sid=a0UEUKESygho guess I was right about need for government action

I was hoping that the ongoing Canadian railway workers strike would provide the relief rally usdcad needs to overcome the daily technical over extension to the downside ... however It does not seem to have an effect. I did not post this because I am not sure how long this strike would be, if...

Covered 1/2 USDCAD S @ 1295 & 1292 falling knife is right .... lowered stops to 1330 looking for follow through new target for last half @ 1250