Does anybody really know what's going on in China? The only thing for certain is that they have well over a billion people...and they gotta eat, work, live. A slow economy there is better than our best economy.

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how can everyone be buying? there's two sides to every trade. Trend is your friend.

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We should see 1.44+ this year.

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I've got no crystal ball. My indicators (Ichimoku) and economic/political news will tell me if there's an actual trend reversal. No positive news for CAD yet.

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I wait for candles to close (depending on time frame) and whether certain levels provide resistance or support. **Simplistic and obvious post...but true. It's very surprising how many traders forget this. It's usually the risk takers.**

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The trend is your friend.

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Same goes for Canada. And don't forget the recent income-to-debt ration in Canada. Doesn't look good. Cut in rate may be required.

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The link i posted was from Stats Canada, and is monthly. But regardless, news / data affects forex at different times frames. No big surprise here. It's just that DF said Forex Factory is a 'piece of sh*t'. Just wondering why? I don't see incorrect ...

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Darkforce, are you complaining that Forex Factory is posting incorrect data? The Wholesale Sales, and the other numbers are simply links to government posted statistics ( url ). If you are saying that there are positive spins and negative spins to ...

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Now that's wishful thinking.

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Poor loonie...Gonna get worse before it gets better.

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Canada is a great place to live. But yes, economy is crap. However, if you don't live beyond your means (like pretty much anywhere in the world), you'll love this place. Good day, eh.

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Not sure what time frames some of you are trading, but I've been eyeing 1.40 since my early summer time long trades. Not gonna sell any time soon. And with other indicators here in Canada (i.e. real estate / mortgages / interest rates) I'll sell if ...

USD/CAD

Personally, I think QE3 has a less than 50% chance of happening this year. If it were introduced this year, it would sink Obama's re-election chances. Any 'good ideas' out of the Obama administration won't be revealed until closer to the election. ...

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I don't know what time frame you're trading, but 1.039 is on my chart for Daily. Need a close above that. Don't see why it won't stay above that number. Next line after that is 100 pips up. Not sure either if we'll go that high anytime soon, but the ...

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Today also closes out the monthly candle. And (monthly) RSI may close over 50...first time in a looooong time.

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To confirm what you were looking at, you had to wait for today's close first. What you saw was an illusion.

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Funny. I just made 2 similar trades an hour apart of each other. Can anyone give me a real reason to short this pair yet? I can't see it.

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I took this trade this morning (1.0273) and closed for 30 pips before I got to the office.

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Testing yearly high.

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