[Sledge]

Originally Posted by GammaJammer »

Loonie has always been prone to doing it's own thing, against the context of a broader dollar story. Sometimes with good reason, sometimes (at least on the surface of things) less so.

So then would you say that the Loonie is a better Technical Analysis Currency than a Fundamental Analysis Currency?

[GammaJammer]

Not really, and that's certainly not what I was aiming to say in my previous post. I merely meant that of all the major currencies, it is the one that imho is most prone to buck whatever trend is driving the 'big' dollar, often at inopportune times. It dances to the beat of it's own drum. For many reasons (some fundamental, some structural for want of a better word).

Incidentally, chart wise, my 40/50 support area the other day seemed to work ok. Hope that helped someone.

GJ

[cowpip]

Originally Posted by GammaJammer »

Incidentally, chart wise, my 40/50 support area the other day seemed to work ok. Hope that helped someone.

That was a good call. You nailed that one.

[Sledge]

Originally Posted by GammaJammer »

Not really, and that's certainly not what I was aiming to say in my previous post. I merely meant that of all the major currencies, it is the one that imho is most prone to buck whatever trend is driving the 'big' dollar, often at inopportune times. It dances to the beat of it's own drum. For many reasons (some fundamental, some structural for want of a better word).

Incidentally, chart wise, my 40/50 support area the other day seemed to work ok. Hope that helped someone.

GJ

GJ-
Hopefully I didn't come across as antagonistic, I fall into the "used to trade CAD and tried to scalp, got killed as a rookie trader, left alone for about 8 months, and am trying to trade it longer term now instead- camp"

I respect anyones opinion on the topic who has greater knowledge than my own. To update you on my trade- I managed to take a measly 21 pips off that trade before it started acting like a silly bird again. The landslide of profit on a short is no where to be found at the moment.
Sledge

[GammaJammer]

No problem. For what it's worth I think the hardest thing, and the thing that makes or breaks many traders, is figuring out WHY you were wrong or right on a given trade. Once you have that nailed imho you are well on your way. But it really isn't easy to see what's really driving things some days.

[Sledge]

Originally Posted by GammaJammer »

. But it really isn't easy to see what's really driving things some days.

True.. oh so very true!

[Sledge]

I think Art must have sent out an inter-office memo banning posting by employees on the company dime.

Thread went from a #1 with a bullet to crickets chirping. :-(

Considering that it should be busy tomorrow on FOMC day, the timing is curious, wouldn't you say?

-fs