I did a paper trade experiment with this USDCAD movement. Earlier in the day I entered into a real time forex trade at slightly lower than 1.2938 and 30+ pips later, well into the afternoon , so from 5:30-6am- 2pm this currency mover up and down between 60-70 pips.
Keys triggers I was looking for. Notice the wide Bollinger bandwidth, the bands open up for the 1 day moving volume average, this is a signal that movement will expand in either direction but the MACD chart signals upward. I was watching a 15 min chart and I didn't have the patience today to hold long so I pulled out and made a quarter show up. Better than nothing. But, my trade was to limit at 1.2954 and I would be plus that amount with a margin of 20$ and be in the green plus my trade.
You can watch the major moving averages/volume trends but if you aren't sure, the obvious signals are reassuring. Even though I still cringe looking at a 15 min 30 min moving volume. That is obnoxious but it's apart of what this market does. It's all very interesting.
I just wanted to share, that there is a slight upside and taking a look at past performances helps, like the close and open, and what volume was trading. I like longs so shorting might stress me out a bit.
Keys triggers I was looking for. Notice the wide Bollinger bandwidth, the bands open up for the 1 day moving volume average, this is a signal that movement will expand in either direction but the MACD chart signals upward. I was watching a 15 min chart and I didn't have the patience today to hold long so I pulled out and made a quarter show up. Better than nothing. But, my trade was to limit at 1.2954 and I would be plus that amount with a margin of 20$ and be in the green plus my trade.
You can watch the major moving averages/volume trends but if you aren't sure, the obvious signals are reassuring. Even though I still cringe looking at a 15 min 30 min moving volume. That is obnoxious but it's apart of what this market does. It's all very interesting.
I just wanted to share, that there is a slight upside and taking a look at past performances helps, like the close and open, and what volume was trading. I like longs so shorting might stress me out a bit.