Grabbing Some USDCAD Pippage

Monday, October 22, 2007

Well, it's about time!It looks like there is some strength in the USD happening (or perhaps it has already finished happening) at this point. Am I vindicated?Who knows. As I've seen posted here and there a few times, everyone trades alone. You have your convictions, systems or maybe even a dartboard, and you play as your guidance and resources dictate.However, recent weakness in the USD does

USDCAD Is Playing By My Rules

Wednesday, October 3, 2007

Okay, I've blogged recently about the USDCAD approaching a low.I know there are always skeptics out there, and I'm not trying to sell you anything, but I will suggest that this pair is now fairly easy to trade.When it shows signs of weakness, dropping significantly, buy it. When it approaches parity, sell it. It may or may not be at bottom yet, but nobody really believes that the Canadian

USDCAD Edges Lower

Saturday, September 29, 2007

Okay, if we were at bottom a few days ago, it was only a soft bottom!Right now, according to the charts I'm viewing, this pair is trading at 0.9925, which is nearing a penny below parity. I can hardly imagine what such a drastic change in rates, worldwide, truly means to the state of global economic affairs.Perhaps the current administration has done the unthinkable? Perhaps the US predominance

USDCAD Once Again

Thursday, September 27, 2007

Okay, I think it is nearly safe to say that the USDCAD has hit bottom.Heh, actually, it's probably not safe to say, but it has certainly found some support at and above the 0.9950 level. I think that the downward pressure from speculators has now eased.I also think the downward jump has been overdone.However, assuming I'm right, and I'm finding that often I am, I don't know how long it will take

Missing the USDCAD Bottom

Saturday, September 22, 2007

Well, I'm not sure if the USDCAD has finally hit bottom or not. It's around parity today which is pretty much what people were talking about.Now, I did purchase some before parity. So, I'm underwater, holding my breath, wondering how much time it might take before I'll notice some buoyancy and float back to the surface.I guess this makes me a swing trader, because now I'm looking at holding my

Bottom Spotting the USD/CAD

Saturday, September 15, 2007

Down and down it goes, where it will stop, nobody knows.Just how low can the USD go compared to the CAD? Parity is an option. Below parity is an option. However, there have to be some fundamentals that come into play here. The amount of trade between the USA and Canada is huge!Traditionally, the USD has always sat above the CAD.Anyway, I'm not sure parity or below is realistic. I'm starting

Trailing Stop Strikes

Friday, September 14, 2007

Well, whether it is a small correction or not I have no idea, but the USDJPY has gone down enough to remove me from the market. So, my profits have been pocketed and I need to look for opportunities to get back in.The same is true for my AUDUSD holdings.I'm starting to look into the USDCAD, in the long term, but there is always the risk that the US dollar will take a dump when the Tuesday