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I dont like it ... You guys are teasing me I am still short ... I know I should have gotten out at 1020s like I said I would but hey why not let it break 1000. Now I regret it .... because I see that it hasnt convincingly broken that downside resistance channel that I pointed out last...

USDCAD Broke the floor for the terrible NFP and 1020 looked like a possibility but then it was a buying spree ... talk about buy the rumor and sell the news!! Even the IVEY number was awesome and that did not help usdcad Talk about frustrating!! I am still keeping my stops @ 1100...

Happy cinqo de mayo!! guess what I did ... a SAR overnight short usdcad @ 1084, 1085, 1086 stops @ 1100 target @ 1020ish Looking for usdcad to break this floor @ 1060 before the NFP If at all possible I do not want to hold this short into the NFP

@ 17:15 EST BoC Dodge says the Bank of Canada will not interven to stop the Candian dollar rise. Well that confirms it. Doom and gloom. Closed all my USDCAD long positions. What a confirmation of the USDCAD sell side :p

ok ... I repeat I would love to get short @ 1400 - 1500s (doesnt mean its going to happen) I am still unsure about state of US economy ... so no real opinion yet ... its not like companies are breaking down my door to give me a job heh =) thus I am not sure about the NFP ... the NFP is...

check out the daily chart just based on candle stick analysis alone, we can build a case that we have reached a bottom. However today's close is critical. The Bank of Canada statements today seem to imply that another interest rate hike will take more than just rising commodity prices as...

got rid of half of my position @ 95 ... a surprise of inflationary data out of the US and no forceful up move prospects looks bleak plus I risked almost 25 pips to make about 25 pips ... thats not a good game I am setting up break even stops at 65 for the last half of my position. My...

wait for the Canadian number today at 830 and then wait for 4 hour reaction time I think these numbers are important as a confirmation of Canadian inflationary conditions To be honest ... this usdcad long is a gamble ... All econ numbers out of Canada relative to the US have been...

ok so there is a lot of upside potential in that chart but no tops to confirm the channel ... but the resistance seems to be there ... evident after the Canadian number today

If you guys think I am crazy ... I have looked over some charts and have come up with a daily channel to give some validation that we are near the bottom check it out ... look at the ATR too

Ok I am pretty sure you guys are as frustrated as I am with the Upside potential of USDCAD I am going to make a call ... from the top at the beginning of FEB to the bottom just now ... 1 fib retracement (38.2%) from the recent bootm I am loaded 100 pip stop almost 300 pip potential...

Take a look at this webpage and site http://www.harmonictrader.com/price_patterns3d.htm The 3 wave is what i am waiting for. Eilliot waves are awesome indicators for ultimate tops and bottoms. USDCAD looks like it is forming an hourly bullish wave pattern .. maybe in the next two...

I don't know why you guys are mudslinging and without any reasoning backing up your statements. In anycase the cup and handle formation failed however I got stopped out @ 1230 (I went against my trade plan an put a stop lower than the 38.2 Fib retracement *see recent charting post 04-26-07...

also a friendly reminder Bank of Canada says that their rate decision is inline from what they see from their numbers and the economic situation of Canada, plus they hinted that another rate hike in the near future is unlikely Oh yeah and they also implied that there is a TYPE 1 situation...

Check out the latest hourly chart on the usdcad Cup and handle has formed at the top of this hourly channel The violation of the channel on the upside has not seen any short term momentum on the flip side there was no momentum on the violation of the channel on the downside Dollar...

Is this the relief rally that has been so anticipated? Well currently the usdcad has no broken yesterdays highs and there is no clear bottom formation on the charts. However since I missed the buy overnight and I am very optimistic about this current up move I will be looking to buy usdcad...

Sweet momma ... USDCAD no clear pullups to sell no bottom formation for a temporary buy where do we go? full retracement into last year I never initiated the buy in the 60s because I was not trading today. looking to go long if the USDCAD dips below 1100 or if a clear hourly...

Well I like to trade technicals but the macroeconomics say otherwise I am all out of usdcad L with a pitiful pip profit I just dont like that US housing number I think there will be more chances to continue to go long I just want to be time sensitive this week since there are a lot of...

Housing numbers can alter the US likeliness to change interest rates Interest rates are the main driving force behind currency valuation