/biz/ - Business & Finance

On Friday at 4pm EDT, the Canadian Looney closed at 1.1087 USD

Forex Duck told you to buy Looneys. But did /biz/ listen? No. You mocked the duck.

It was obvious to anyone looking at the chart that it met its historical resistance and the looney was going to gain on the USD.

And now, as of 9/17 at 3:30 am EDT, it is at 1.0957. It dropped 130 pips. And you have no looneys to sell for dollars.

Consider: You could have had 5 mini lots, or 50,000 looneys on 50:1 margin, for a less than a mere $1,000, or $200 USD each mini lot. Actually about $900 USD spot total.

Then you could have sold them now after the 130 pip move.

130 pips = 1.3 cents CAD X 50,000 = $C 650 X 1.0957 USD =

$ 712.21 USD

I tried to tell you. You ignore the Duck, you get bad luck. And you think you're ready for the Scottish Referendum tomorrow. You couldn't even make $700 profit on $900 when it was sitting right in front of you. Even a duck could see it.

ya_blew_it.jpg

- qwak

PS = in the time it took to write and compute that, it moved to $ 1.0950, or 7 pips. If you had put in the above position, you just made another $38 USD on short. But you didn't.

Who's eating your $38 lunch? The Duck. Hopefully it's bread crumbs. And that was just a tiny position. I'll tell you how bad you lost if you didn't listen to the Ducks Friday GBP call later. (*it was a lot) Maybe it's archived.

- Qwakqwak

http://www.forex.com/currency-pairs-public-charts.html?cp=USDCAD

I introduce you to /biz/'s new meme, Forex Duck. He is your friend.:

QWAAAAK! QWAAAAK! QWAAAAK!

SELL USD!
BUY STERLING!
GO LONG ON LOONIES!
CROWD PARKING LOTS AND WAIT FOR BREAD!

QWAAK! QWAKQWAK! QWAAAAAK!


"Bets on hawkish Fed lift dollar, U.S. bond yields"

http://in.reuters.com/article/2014/09/12/markets-global-idINL5N0RD32920140912

"Dollar heads for best run in 17 years"

http://in.reuters.com/article/2014/09/12/markets-global-idINKBN0H70PT20140912

http://www.forex.com/currency-pairs-public-charts.html?cp=USDCAD