GBP, EUR and CAD are all majors. Along with AUD, JPY, CHF and USD. And GBPCAD and EURCAD aren't crosses if GBP, EUR or CAD is your base...
Oh, puhleeze. Sure, we're going to bomb their refineries and send oil up tp $100. We're not even thinking about talking about considering oil...
Actually, I lie. I do use stops to lock in profits as a position evolves. Not trailing stops - I prefer to use stop limits and manually adjust...
I don't use high leverage. I limit myself to 10:1. If I'm real confident about a position I might go as high as 30:1, but that's max. Once I...
Nah. Current levels are an overreaction to economic news earlier this year and are being sustained by (a) inertia and (b) oil being near $70....
(before I was so rudely interrupted) And out of their misfortune comes our chance to make a profit.
Stop hunting is a real problem, I'm afraid. The hunters aren't after you specifically, whether you're a 100k wanker or playing for 8 digits: they...
I like IB. Can't beat a 1/2-pip spread on EURUSD, and they now quote lots of currencies in half-pips. And I can't see the point of getting...
Air power doesn't cut it. Their bomb-making facilities are hardened and underground, bombing an above-ground functioning reactor would cause a...
Does the following occur to anybody? The Iranians kidnap a few British sailors, and the price of oil goes up. The Iranians stage a war between...
dang, stopped out at 1.0660. Oh well, 10 pips is better than nothing.
I'm using the IB alert and adjustable stop system - submitting a trailing stop at 1.10725 trailing at 10 pips, tightening to 1 pip at 1.0750. I...
Growth rate is slowing, there is a housing slump, there is a negative savings rate and a lot of money is invested in assets that have been growing...
I think we are now seeing USDCAD recovering at the rate of about 4 pips a day, within a 75- or 100-pip channel. Resource prices will drop if...
I can't see USDCAD bouncing back until the economic effects of the high loonie start showing and oil backs off from the mid-60s. However we may...
Ha ha re the tourist trade. Good one. Personally, I'm biding my time to buy lumber stocks. Figure next Feb after they come out with dismal...
It's possible we've bottomed out. First report of negative effects of high loonie in today's Globe; headline: "Rising dollar gnaws at resource...
IMHO, low loonie causes high loonie and high loonie causes low loonie, in other words these trends are self-correcting. This summer we might be...
That's why I'm personally shorting GBPCAD instead - it's not in strange territory, but has around 800-1000 pips to go before it gets to last...
For sure it all comes down to supply and demand. But is that what technicals measure, or do they measure trading fads? The whole point of...
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