HELPING OTHER FOREX TRADERS

@Lithert its our pleasure :)

There is an upward trend on D1 USDCAD starting august 28. The Pair is very volatile. At the same time it is very technical. Currently it looks like there is another pull back in price, so the price is about to go up to 1.05300 area. But it can only happen if the price break the res at 1.04492 (Fibonacci 23.6)

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sfuggente posted:
Fantaaaastic your think...follow me because i do middle of 3%montly...fantastic trader manual...5years of study..break my hearth in thegrafic learn books...ever with my cock droit.....semper drix!

Nice literacy skills you have lol

Drivealpha posted:
According to Drive Alpha point of view about tapering refers to the practice of reducing exercise which is going on daily, weekly and on monthly basis.
For Example: If some one save some amount of money from his/her job or from business and invest it in Forex, Commodities, Real Estate and in Energy sector etc, In order to get return from his/her investment and then due to some issues he/she stop investing by any reason or due to volatility do not want to take risk of its principal and start investing in other dimensions to put its money in the bank or start investing in stocks or not to invest any where is refer to word 'Tapering' that shows some one give up their practices.
Similarly, If we talk about 'FED Tapering' that refers FED is going to stop its bond buying program that ultimately refers that it is going to stop injecting money in the market.

I'm also going to help traders... Taper doesn't mean stopping... It means reducing injections step by step into US economy, which is so different!

@CrazyTrader Yes for sure it does not mean to completely stop injecting money in the economy it refers to the practice of reducing injections that i mentioned in the very first line at some point of time when economic conditions like Job market, Inflation,GDP and other factors will stream line they stop.

Thanks to participate in the thread together we can literate newbie's. Will be looking further from you.

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@adrian8891 ok :)

Canada’s dollar sank as the nation’s crude-oil prices slid relative to a U.S. benchmark and concern increased that the economy will be hurt by the American government shutdown.
The currency touched a two-week low against its U.S. peer as a budget impasse in Canada’s biggest trade partner persisted and another fight loomed over raising the U.S. government’s debt ceiling. The currency erased a weekly loss against the greenback yesterday as risk appetite improved amid optimism that lawmakers in Washington might reach a deal soon. Canadian employment growth slowed in August, a report next week is forecast to show.
“U.S. economic uncertainty equates to Canadian economic uncertainty -- as they sneeze, we get a cold,” Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto, said in a phone interview. “There will be a deal, but the uncertainty, combined with less-than-stellar economic releases in Canada, continues to weigh on the Canadian dollar.”
The loonie, as the currency is nicknamed for the image of the aquatic bird on the C$1 coin, fell against 13 of its 16 most-traded peers this week in trading in Toronto.
The currency appreciated 0.1 percent to C$1.0294 per U.S. dollar this week after touching C$1.0356 on Oct. 2, the weakest level since Sept. 16. One Canadian dollar buys 97.14 U.S. cents.

Bloomberg https://www.bloomberg.com/news/2013-10-05/canada-dollar-falls-amid-concern-over-u-s-shutdown-impact-oil.html

Let's see what is going to happen next.

@Remind_later thanks for the input (Y)

Gold has a good support at 1284 any break below will expose it to 1245