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Posts by "qin"
482 Posts Total by "qin":
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Posts by Anonymous "qin":
If you are really trading on USD/CAD during the weeks, I think you must check AUD/CAD and EUR/CAD..............last night, both of the pare went to tech top..........plus we would have a very big US report today.......I really don't think you should recommend people to long USD/CAD before the report as an FX analyst.........it was less then 40% chance to get right....and the profits was only limited by 100 pips.......
By the way, you shouldn't post that you are trading with cmc market......As I know, most of the online brokers don't execute the clients order in the real market, which means when you make money on your positions, you are taking money from your online broker........it sounds like online brokers are doing the business like CASINO......but it is truth.......FXCM.com, Forex.com and many of them are doing like this, they know that only 20% people are making money, but 80% are losing.....it is the ratio....
Ashraf told you that USD/CAD will go to 1.10........on my view, it is like the casino boss tells me that I should bet my money into black or red.......usually, I will just cash my chips and go home.........
I think the EUR/USD will move higher to 1.50, but maybe it will have some correction but it will not break 1.40, 1.420 should be the bottom before it move to 1.5.....
If terror attacking happens in Europe, maybe it will move back to 1.380.........otherwise, 1.380 is impossible number...
Good luck!!
I got short positions on USD/USD at 6.990 and 6.970 this morning, I didn't post it when I placed the order. Because I didn't sure that I was right or not.....but now it turn better.....
About tomorrow's report, I think it will be better than expected, but I am not sure that traders will use it for taking their profits or continue to short USD......but I decide to hold it until the report come out....
Good luck!!!