I like most Canadians think in terms of how many US cents it takes to buy one Canadian dollar. The cash currency market seems to insist on trading in inverted numbers from my perspective. What make it even worse is that the futures market does it the "right" way. Has anybody else watched ROBTV with a calculator in hand punching in 1/0.8623 etc.?
Nice trade... CAD is bound for a retreat and soon though... I'll hold off a little longer but I'll bet heavy when I do
Kin - I added to my long. Everyone welcome to the thread "zdreg", resident US hater club president, and Canadian. He's a lot of fun.
Closed long 1.1460 @ failure on first attempt to break 1.1540. 78 pips. Look to re-establish more long positions on dips.
Closed this one just now at 1.1635. 70 more pips. Thanks to the shorties for another day of CAD income. Please, feel free to drive it back down.
The view from both sides of the pair has been very green of late, depending of course on when and from where you look.
I had to entertain company and missed out on today's action. I'm pissed. But congrats on everyone who profited big time. I'm short .1630 stop .1705