- Short USD/CAD = core position here. High conviction hold. Done everything possible to ride out the recent volatility, including day trading, cutting peripheral positions to free up margin, averaging, cutting and re-establishing into new highs (ie over-riding charts). Never worked so hard to hang on to a loser before, but I am convinced this will repay me in spades later. Very hard work though.
- See this going back to par and below eventually. Definitely going about this the hard way but not sure if there is any other way though, against background of recent extreme price moves. [Nothing in my armory would have got me long].
- Monthly : Despite recent sharp rally to high of 1.0851, overall downtrend has remained broadly intact.
- Weekly : Big ranges between 1.08/1.02 and 1.02/0.99. Now at upper end of ranges.
- Daily : Potentially turning down now. If we can close today below 1.0577, will be good for shorts (now 1.0613) = SHS top going back to 1.035.
- Personal scoring : Done amazingly well to be still alive and fighting in light of what I have gone through recently. [Risk On = Short USD/CAD vs Risk Off = Long Gold + Others. The long Gold part really fucked me up; was worse than a useless hedge when the shit hit the fan]. Pushed close to breaking point several times this month but managed to crawl back alive somehow.
- Link to RBC : Canada Current Trends Update here.
- 2nd chart here = CAD 2s/10s. Nice flattening move underway. BOC 01Jun10 tightening?
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