USD/CAD

Quoting eCOBB22

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Sell USD/CaD from 1.374

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Quoting MrPresident

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{quote} i think there is some upside to it {image}

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Quoting smikester

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But I can see a lot coming in at 1.36xx. Might be a bit early.

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Quoting eCOBB22

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Anyone know of a way to know big a candle will be before it begins? We want to get in on the big candles with a lot of volume but sometimes they're big sometimes small would like to know when they're gonna be big if anyone knows how

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Quoting smikester

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{quote} That's a big ask. I like to keep it simple. I never short a pair that's trading above the 20sma on every time scale.

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Quoting eCOBB22

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{quote} Please stop you're never right

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Quoting MrPresident

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{quote} don't feel jealous

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Quoting Cdawg

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Trading time is relative, I bought the last dip, I expect an upside as well. Trade is safe and in profit. I was waiting for an opportunity to add and the drop to 1.365 was the perfect chance. Now to wait and see if it consolidates here and resumes the trend or reverses. the 1.37 area has no historical significance, so really the next test should be 1.40 If you trade off the daily, no way would you think to short this pair yet. So if you are shorting, you are bucking the trend, and probably on a shorter time frame. That said, trends change in an...

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Quoting eCOBB22

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{quote} I don't let my trades go 400 points negative I'm sorry I sold it and made a profit on the way down lol then got out. If you like the draw down that's on u buddy. It sold at the exact price I said you have me confused on this one lol

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Quoting MrPresident

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{quote} 400 points is what like 40 pips? draw down is normal and its the way that you manage the trade for your desired objective and mine is to profit

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Quoting msj3611

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Hi all , I'm a newbie still to trading been paper trading for nearly 3 years and now been live for about 2 months. Primary pairs i have been trading are the USD/JPY , USD/CAD and the EUR/USD . I so far have been having the biggest trouble with this pair. Feels much more volatile then the other two paris i like the trade. I know this may be an obvious statement considering the divergent correlation it has with Oil prices. Just wanted to know what some of you look for when it comes to this pair as signals for the trend changes etc. As for what i see...

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Quoting smikester

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{quote} It does have different trading characteristics to the other two you mentioned. Stick to the New York session if you can when liquidity is best. Watch out for when US and Canadian news is released simultaneously. This can be the greatest news trade if the news is divergent. Otherwise, avoid news. Oil is also not completely coupled because oil is plentiful world wide and the US has ample supplies at above $50.00 barrel. I hated this pair for long enough and lost loads of money, trying to follow the downward trend to 2008 but since then I've...

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Quoting msj3611

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{quote} Thanks for reply. Yeah Funny you say hated this pair for so long because that's the way i have felt about it as well since i have been trying to trade it. Which i know as it is said that trades should not be made out to be personal but sometimes it feels impossible not to feel personal considering this is my REAL money being lost I am what you would consider a swing trader. I'm off on Wednesdays during the week. So i to guess it will be a good/bad thing for me considering i can be there when market opens as well as U.S. Oil...

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