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10-29-2009, 06:47 AM
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USD/CAD Daily
The July 1st Low of 1.0787 is the Price that this USD/CAD Pair is attempting to Close above before this Month of October ends. The Bulls may be positioned to hold their Ground and to possibly push Higher into the 1st Week of September as long as this Market remains above this Month's Open of 1.0697 ... which also happens to be slightly above current Equilibrium on the Weekly. Do the Bulls have it in them for another push to the upside?
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10-29-2009, 09:26 AM
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Quote:
Originally Posted by straty01
thanks for your response adam, looks like Mr Serious does not want to talk to me, ah the yanks!
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May be he is out for the day, he is passionate about helping traders, so do not take it personal.
Hope this trade works out tomorrow as it is not usual to see that three tops on monthly charts...it is rare...just like the triple top with USD/CAD back in APRIL.
Good luck |
10-29-2009, 10:10 AM
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DailyFX Power Course Instructor
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Quote:
Originally Posted by straty01
Hi Sean
Do you have any thoughts on the AUD/CAD?
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Straty, it would be nice if you'd quit calling people "yanks"....me or anyone else, because whether you mean it or not...it comes off in a derogatory way.
Next, I'm monitoring a ton of forums, not just this one.
Yes, Adam is right...I really do like helping people.
I think the uptrend in AUD/CAD will continue because the Aussie central bank is looking to jack up rates and the Canadian central bank is looking to keep the loonie down.
Between the two, I think that AUD/CAD will continue to be on the rise.
__________________
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10-29-2009, 10:16 AM
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DailyFX Power Course Instructor
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Quote:
Originally Posted by adam6655nyc
May be he is out for the day, he is passionate about helping traders, so do not take it personal.
Hope this trade works out tomorrow as it is not usual to see that three tops on monthly charts...it is rare...just like the triple top with USD/CAD back in APRIL.
Good luck
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Yep, Adam...you see my heart. I do truly like to help out traders. Glad you see that.
USD/CAD is always "touchy" at its trend changes. That's why I'll monitor it more on the 4 hour chart than the daily chart, even though it appears the daily downtrend has been broken.
But we're right at the uptrend line on the 4 hour. I'd prefer to see this trend line hold OR if it breaks down and starts a 4 hour downtrend....then buy the next break of a downtrend.
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The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
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10-29-2009, 01:40 PM
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Apologies to Sean Hyman
First time I ever heard of a person living in the USA being offended at being called a 'yank'. I travelled the USA some years ago, 23 states, from LA to New York and nobody ever took offense at being called a 'yank' It's a bit like me being offended for being called an 'aussie' or a person living in the u.k being called a 'pom'.
No offense was intended, my posts are always made with a happy go lucky/positive intent.
We are traders, and people, with that comes a personality. Markets move on human emotion and personality too. It's who we are.
That said, if offense was the effect of the statement then please accept my humble apologies.
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10-29-2009, 01:42 PM
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Quote:
Originally Posted by straty01
First time I ever heard of a person living in the USA being offended at being called a 'yank'. I travelled the USA some years ago, 23 states, from LA to New York and nobody ever took offense at being called a 'yank' It's a bit like me being offended for being called an 'aussie' or a person living in the u.k being called a 'pom'.
No offense was intended, my posts are always made with a happy go lucky/positive intent.
We are traders, and people, with that comes a personality. Markets move on human emotion and personality too. It's who we are.
That said, if offense was the effect of the statement then please accept my humble apologies.
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No problem.
__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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10-29-2009, 02:02 PM
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Just a "heads up". I'll be out on vacation from Nov. 2nd to 9th. So I hope you guys will step up to the plate during this time and keep this awesome thing going.
I will have several instructors popping in and out throughout each day and they will be making a few posts here and there. However, their primary job is still to "man the courses".
One other note....f or those new to the forums...if you'd like to see how to register and post to the forum...check this shor video out: DailyFX Forum Registration Video: YouTube - DailyFX Forum Registration Video
I'll be back on the forums on Nov. 10th.
__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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10-30-2009, 04:23 AM
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Join Date: Jul 2009
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Nobody likes to trade the CAD?
What an odd forum this one is. Is there anybody out there besides me who trades the CAD, a noticeable lack of interest here.
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10-30-2009, 05:43 AM
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Join Date: May 2008
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Even i dont! i can see that the US Dollar fell against most currencies on Thursday after data showed that the US economy grew in the third quarter, the first growth in over a year, reducing the greenback's safe-haven allure and sending investors elsewhere for better returns. The firm gross domestic product numbers renewed investor optimism about a recovery in the global economy, bringing traders to buy higher-yielding currencies. The US GDP for the third quarter showed a growth of 3.5% against an estimate of 3.3%.
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10-30-2009, 06:39 AM
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Member
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Join Date: Apr 2008
Posts: 487
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USD/CAD Daily
Should this USD/CAD Pair manage to get below 1.0630 today (Fri Oct 30th) ... then the next target Low will be the 1.0586 Price area. On the upside ... if it breaks through Today's Pivot of 1.0716 then a draw towards 1.0756 may play-out. Presently ... it's looking as if it may just form a doji this Month by Closing near the the 1.0697 Price area.
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10-30-2009, 08:06 AM
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Registered User
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Join Date: Aug 2009
Posts: 1
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Quote:
Originally Posted by straty01
Forget the news, media, whatever, it's truly for suckers (please don't anyone be offended, that is not my intention!!, all traders are my kin regardless of nationality, race, creed or colour, we are all the same!!)
look at the market on this one, the media is a LAGGING INDICATOR!!!
Turn of the t.v don't buy or read the newspaper, just look at the market, price action is the only truth. (jeez I'm starting to sound like Vincy Balboa!!)
I love the CAD!!
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you are right mate...market is the fastest indicator |
10-30-2009, 09:41 AM
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DailyFX Power Course Instructor
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Quote:
Originally Posted by straty01
Come on grumpy, how can they let you go?, you are too valuable to have any time off?
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Going to West Palm Beach...then on to Los Cabos, Mexico.
__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
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10-30-2009, 09:44 AM
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DailyFX Power Course Instructor
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Join Date: Jun 2007
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Quote:
Originally Posted by straty01
What an odd forum this one is. Is there anybody out there besides me who trades the CAD, a noticeable lack of interest here.
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Yep, I really trade the CAD....USD/CAD, CAD/JPY in particular.
__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
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10-30-2009, 09:48 AM
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Registered User
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hey, ive been going through the forum for the last month, never posted...
Im not really a trader but I have a big load of USD... like in the low 6 figures and I might need the CAD as soon as Q1 2010... What would you guys do at my place? Wait or trade? My main objective was to trade everything at 2008 high of 1.30, but it doesn't seem were gonna be near this anytime soon.
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10-30-2009, 10:18 AM
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DailyFX Power Course Instructor
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Quote:
Originally Posted by anyways
hey, ive been going through the forum for the last month, never posted...
Im not really a trader but I have a big load of USD... like in the low 6 figures and I might need the CAD as soon as Q1 2010... What would you guys do at my place? Wait or trade? My main objective was to trade everything at 2008 high of 1.30, but it doesn't seem were gonna be near this anytime soon.
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anyways, glad to have you posting here with us. Welcome!
Ultimately, you'll have to see what you think is best with your money.
With that said...it appears that the USD/CAD downtrend has been broken. If so, in the coming weeks to months...the USD would gain in value vs. the CAD. If that's the case, then you'd want to delay your conversion since the dollars are strengthening and buying you more CAD as the exchange rate goes up before you make the switch.
__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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