Usd/cad
- Thread starter Ivanovich
- Start date
I am looking for this pair to close tommorrow around the 1.1560 area or higher. Does anyone else in the world agree?
Ivan,
It is really hard for me to convey why. It's just my method and style. I am not saying I am correct, just wondering about other views.
I see a major turn in this pair along with a drop in Gold and Oil prices. I realize I am in the minority, but I have a fairly substantial stake on this view.
I think most would laugh at this. Just wondering if I am completely alone. I entered a little early on this one. Most of my position is near 1.15.
It is really hard for me to convey why. It's just my method and style. I am not saying I am correct, just wondering about other views.
I see a major turn in this pair along with a drop in Gold and Oil prices. I realize I am in the minority, but I have a fairly substantial stake on this view.
I think most would laugh at this. Just wondering if I am completely alone. I entered a little early on this one. Most of my position is near 1.15.
It's no secret (read through the thread) that I've taken a predominantly long position on this pair for quite some time now. I have longs set at .1445 all the way up through .1585. And I plan on keeping them there for a while. I have my reasons, which I will happily post whenever someone asks.
But lots of posters frequently post things like "Euro to 1.26!" or "Next week will see USD/CAD hit .1650!" But they never post why they believe so. They just make the statement and we're all expected to deal with it as is.
I'm just trying to sort out the posters who actually have a theory and a reason from those picking a number out of their ass. Which are you?
But lots of posters frequently post things like "Euro to 1.26!" or "Next week will see USD/CAD hit .1650!" But they never post why they believe so. They just make the statement and we're all expected to deal with it as is.
I'm just trying to sort out the posters who actually have a theory and a reason from those picking a number out of their ass. Which are you?
Doubtful; everyone else who has posted on this thread seems to be long at around the same place as you.
In any case, your views aren't surprising at all since you also seem to think euro is on it's way to parity. A drop in gold and oil would likely accompany that, if that happens to be the case. But it's all pretty much a one way bet.