How do you figure that?

USD/JPY Discussion

AUDUSD can go up and USDCAD up at same time if AUDCAD also goes up. Obviously this means that the best trade to be in between the three pairs is AUDCAD long. I am not 100% sure of these AUD pairs and getting in now after it's already bottomed over ...

USD/CAD

OK...good job, Iro. I reckon I've had enough of this for a week so I'll catch ya guys next week. If we get a huge gap up on Sunday I would resist the urge to fade it. Many times I've seen a huge gap at a turning point and I've gotten my ass handed ...

USD/CAD

0.8000 was just a random number I used to make a joke (whether that joke turns out to be true remains to be seen). With that said, I think you'll be fine with this pair/trade.

USD/CAD

Well, you can't be accused of putting all your eggs in one basket!

USD/CAD

Hmmm...

USD/CAD

AUDUSD actually looks like it'll make new high above 1.0860 to me. AUDCAD is likely to make it above 1.100, but I'm staying out of both pairs.

USD/CAD

I don't know man, from Jan. 2002 to Nov. 2007 the USDCAD I don't see much ranging going on. I'd hate to have to wait a couple decades for a profitable trade, lol.

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Hahaha...well, I guess we all better learn how to play their game if we ever want to join em' in the "big winner" category.

USD/CAD

Or this thing is headed to 0.8000 and we're just rationalizing its fall the whole way down, lol.

USD/CAD

I mean it makes sense, really. There is less liquidity during the summer, so if a large position is to be put on, then there will need to be more fakes and stop running to build the position.

USD/CAD

It could be looked at that my entry last night was "too easy" as well, and therefore, in need of a gut check. There was plenty of time for me to enter and no threatening fakes. I should have expected a test there. Another week, another lesson ...

USD/CAD

Well, I'm sticking with my stop at 9830 if it means anything to anyone.

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9750 will make a big old pussy outta me.

USD/CAD

Was hoping we'd get a nice Friday, but I guess they're not going to let these guys here (shaded) get in too easy. Gotta take them out first. Plus, with the quick move down we'll get some shorts excited on a retrace that will ultimately turn out to ...

USD/CAD

It'd be nice if the ol' CADJPY would spend a few weeks going nowhere so the USD could kick the crap out of both pairs at the same time.

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Thanks, but we've got a long ways to go. We're basically on a cruise ship and we're waving goodbye to people on land as we leave the inlet.

USD/CAD

USDJPY is about to get yanked up too, I think. Another possible low we're at over there.

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It ain't too late. The bottom is probably in and I don't think we'll need to test it again. Maybe try to get in at 50 if it gets there and you'll only risk 40 pips. Upside is big.

USD/CAD

Thanks man. Here's a little piece I think some will find helpful. "Paul Tudor Jones is famous for being able to pick the bottom and the peak of the markets. The way he does that is by trying repeated trades from the long side over a period of weeks ...

USD/CAD