USDCAD - Long After the Break

Hi folks, a lot of you will say; 'how did you catch this trade?? Nothing said to buy??' Usually a key level break sends prices running, but sometimes not. I trade the 'sometimes not' moves.

See the linked post for details. My levels are on the chart. Some of these trades double dip before consolidating. That is why I usually wait for the second push before fading the move. I've been using this indicator for years, so I've learned the patterns, etc... Even so, some of these trades can test your resolve.

Trade safe and watch news!

Kommentar:

This is where I move my stop to BE. If it push down again, it won't go much lower, but it will consoliate 'sideways' until the next move.

Kommentar:

Another big push from the CAD. This may take us out an BE, but we could have captured about 40 pips of profit. I prefer to hold a bit longer, but many just prefer to scalp these trades. I may re-enter if it push down hard again.

Kommentar:

Fellow 4xglobal rats. You can view a play-by-play of this trade here:

4xglobal.com/trading...meters-usdcad-trade/