Usd/cad

illiquid · Feb 28, 2006

Careful, '91 lows are a blink away. Might be a vacuum underneath.

The Kin · Feb 28, 2006

Massive long postion at .1360, no stop

ForexPro · Feb 28, 2006

Massive short position at 1.136 no stop.

The Kin · Feb 28, 2006

^ I appreciate that, I really do.

ForexPro · Feb 28, 2006

I might aswell give you my bank details so you can transfer the funds directly.

Pip pip.

The Kin · Feb 28, 2006

Meh, it's been my experience not to use stops on this pair. It's intraday volatility is outrageous. I was constantly getting hit by short-term spikes in the price. I would not however short at these historical low levels, without a stop at that.

The Kin · Feb 28, 2006

^ Yes, I'm fully aware that my previous statement is contradictory. But hey, I gotta do what works for me.

illiquid · Feb 28, 2006

Don't mean to mess with your head, but "no stops" only has to not work once, if you know what I mean. Hope you have a mental number in mind.

Ivanovich · Feb 28, 2006

Quote from YeahIknow:

Massive short position at 1.136 no stop.

Please make sure you post when you close your position, so we know. In this thread, please.

OfmY · Feb 28, 2006

Well, guys - 1.1360 is not a good price either going short or long.
So it much depends on where you SL & TP is...good luck.

Quote from Ivanovich:

A smart poster on this site (there are some, mind you) once told me that I should take what happened in the currency market, chop the statement in half and append it with a random Yahoo! news headline. So you'd have "Euro plummets today because/Britney Spears pregnant again!"

News move the price, the trend directs it.

Quote from Ivanovich:
...no one really has a clue as to the why the market does what it does on a short term basis. All we can do is take a WAG.

On a short term basis it's a casino