did u go short USD/CAD at 1.0704
any one trading this pair

getbusy

@KAL-El

Arbitrage is widely applied even to equities and indices. For example,the fellow who brought down Barings Banks was hugely successful by arbitraging indices in South East Asia. He became greedier and abandoned this successful strategy,causing one of the worst bank collapses ever known.

@All

The confirmations for the networking event for users of FXCM under Genius are coming in hard and fast. You guys really need to move to a serious platform like FXCM under Genius where there is no dealing desk and where you'll have local support from us right here in Kenya. The movement is going to be explosive. If you guys are aspiring to be money managers handling millions of dollars,this is the place to be.

@Kim007

I did not trade USD/CAD in the NY session…many things were happening and it was not a good trade as far as I was concerned. My brother went short on it and made money but for me upto the time of writing this,it is no trade.


Anyone who lives within their means suffers from a lack of imagination

@Alala…I want the freedom of managing my own account…grow it to whatever million and just manage it for the rest of my life. Thanks though for your offer.



It’s a mini account…my lots as I said range from 50,000-100,000 or 5-10 depending on how you look at it.



@Ngaatu



My Kibaki cents J



Eurozone growth is stagnating…a weaker Euro is expected in the near future. The US economy is not any better but it is made to look brighter because of the weakening Euro. Oil prices are also in some sort of decline lending the USD some short reprieve. Gold prices also feel like going down the hill so the buck still maintains a brighter outlook. Certain political issues e.g. Georgia acrimony might impact negatively on the buck.



The China effect is clearly affecting the commodities. Steel,copper,iron etc are in huge demand by China and in most cases makes them into finished goods ready for export. China is highly consuming these raw materials and at the same time the economy is growing at an alarming rate posing threats to the world’s established economies. This vast demand by 1 country of certain metals and how it impacts on their production will obviously lead to some volatility in prices.



Anyone who lives within their means suffers from a lack of imagination

@passyson i think shorting the aud nzd aint bad regarding the prevailing commodities situation.watch out the chinese and india changes in demand of commodities,and the crude oil shifts. regarding the units and lots thats a good explanation. bro u had a good take on the greenback. @kim there is a reverse role in usd cad but in the morning was good bet

@NGAATU

Morning fellow traders!



@Toni & Ngaatu…Thanks for the input.



About the GBP,I would advise to wait till 11:30 for the employment report before going on some pipping spree…then exit your positions ASAP coz there will be the BOE inflation report @ 1230…from there you can go short or long depending on the outcome of the report.



Anyone who lives within their means suffers from a lack of imagination

Well,how many of you fellows are interested in becoming money managers?

All data is GBP negative…advisable to wait for the inflation rate too before committing yourself to the GBP trade but all depends on the individual trader.


Anyone who lives within their means suffers from a lack of imagination

any one on a short gbp/usd ave gone from 1.9005 to 1.8875 n still moving .voila good pips for me. enjoy ur pips men

getbusy

Another long ...i wish there was a chatroom where we could analyze all these currencies and what one is trading on. We could really help each other make money this way. FOREX trading is supposed to be a non-selfish venture. If we all make money out of collective input,the better.

Anyone who lives within their means suffers from a lack of imagination