cable-
Much appreciation for the website. Looks like a corr of -58.... so it's borderline at best.
Much appreciation for the website. Looks like a corr of -58.... so it's borderline at best.
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Ivan's Trade Thread, part II
- Thread starter Ivanovich
- Start date
I have s/r at approx 1.9330. With Oanda, my daily and 3 hr charts looks like shiite on Sundays, as I have weeekend data hidden. Trendlines, long-term, have been broken, not sure where the fundamantals are headed. My guess is a crapshoot till London opens, maybe Asia.
Quote from cabletrader:
Isn't CAD a commodity currency? I don't trade it very often so not much help really, sorry, it's screwed me once too many times!
You've got a couple of nice trend lines there though, it wouldn't take a lot to see if/when the trade is no longer viable.
Hey man yeah CAD tends to be highly correlated with crude oil.
I've got a short entry at 1.9288
Quote from downrivertrader:
Ivan and others...
What's the group here thinking on dollar overall. I am having a difficult time with buying dollar strength but as always I will not fight what is actually happening.
Looking at the EURUSD, I was a buyer near the lows on Friday. I am watching the 1.35 area very carefully. If we build value back above this level, I think we will see 1.65 or better in the EURO next.
I am looking for opportunities to get long.
I'm following the Jack Crooks mindset at the moment. I think we see USD strength for the rest of the year (with periodcal Euro bounces) because of narrowing rate differentials and a serious problem with EZ economies that outstrips even the US.
Long EUR @ 1.3272.
Target 1.35
Stop - If we build value below 1.3259 I am out.
Target 1.35
Stop - If we build value below 1.3259 I am out.