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Forex-usdcad

USD/CAD - A Lesson Worth a FortuneEntered the trade at price point: 1.3295 = 23.60% level. The proper move would have been to wait till the 50% - 61.80% to confirm a reversal at this present price zone. It's funny because I have signals on my phone that show the sentiment of the market on whether to buy or sell. USD/CAD was in the sell at the time I called the trade and is now Neutral. Note to traders: Trust your own bias before anyone else. If you don't that could end up costing you... or not if the person you follow is an attentive trader. (Perspective) Still getting the hang of understanding lot size and how to determine the pip to lot ratio and risk/reward of the trading account if that makes sense. If you have the answer that would really help. Please comment below if you do to help other traders out as well. In other words, how do you adjust your account size and lot size as your account appreciates/depreciates in monetary value? These were my actual stats on the demo account I guess I had a 1.98 ratio without even knowing about it. Just missed the .02. The plan is to not make that mistake happen next time.
Long
by austinlmkc
You will not survive! GREED and STUPIDITY go hand in handTo long term success is this business you have to avoid using too much leverage! I recently did a challenge to see if I can actually make money with $20. The result of that was not so great ,and the main reason was because I went in too big.The fact is that making money with a small capital is very hard.For one you won't make much an any given trade. Second, you will probably want to use more leverage because it's such a small capital. Let's all admit leverage will kill you no matter how much capital you have. I would say that trading with a very small capital is not worth it at least not as low as $20. I believe that saving at least $1000 to get started is reasonable.This way you can avoid using too much leverage and also have the possiblity to make some decent money.Don't get me wrong I'm sure someone has made a lot of money starting with a very small capital, but that's very rare it's like winning the lottery. Have you ever heard of a trading going from 100-10,000 in a week? Well most likely that trader went back to zero. Why? I will tell you why because trader's like that usually use too much leverage, and when you use too much leverage you can't have any consistency.Most of the time their account can go from 500 to 1000 then back to 400 and then back to 1,200 and so on. This is a horrible way to trade because you will start to have fear, live off hope, and be very emotional.Having too much leverage will test your greed level.The more greed you have the more leverage you will use. Now, let's talk about entires it's a good thing to have good entires in any given trade. We also know it's impossible to have PERFECT entires 100% of the time because markets are unpredictable.For example trader (A) can have great entry using a lot of leverage, but the pair spikes up resulting in the trader blowing his account. On the other hand trader (B) didn't use much leverage so he was able to hold on until the trade came into his favor.When you have such a small capital you really don't have much of an option but to use a lot of leverage this is another reason to wait and save instead. We see it all around if you over leverage in real estate, in business, or anything you most likely will lose. Quote:"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."-Jesse Livermore Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
Education
by Red_Rock5
USDCAD - Short OpportunityThe price broke the uptrend line and dropped below the cloud. It confirmed the uptrend reversal and from that moment the market became bearish. After a short term upward movement, the price bounced from a new resistance zone formed by the trend line and Senkou B. It was the 1st signal for opening short trades. Now we have 2 lows which can be used for drawing a new uptrend line. It will act as a signal line and if the price breaks it, we will get a new sell signal. Stop orders should be placed above the previous swing high at 1.33500 level. Profit targets can be placed at the support levels.
Short
by DLavrov
5
Possible trend shift in USDCAD – going shortThe Tidal Shift Strategy has just sold USDCAD at 1.32339. The system recommends entering this trade at any price between 1.32191 and 1.32487. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.02716, which suggests that the USDCAD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00118, so the stop loss has been set at 1.32931. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 63756 Time Issued: Monday, 18 February 2019 01:00:15 GMT Status: open Entry: 1.32191 - 1.32487 Limit: N/A Stop Loss: 1.32931 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
UsdCad long quick and nice 15 pips4h morning star 1h morning star early london momentum still moving up higher time frames always win so need to trust we have triangle formation waiting for break with our long bias from higher tf we get a last kiss on 15m with lots of nice rejection dojis one more push and rejection of down trend line and then a break with the 5m tf also 30m ftr which was a larger picture of the last kiss 1-2 RR depending on entry and profit target keep your charts clean and simple once you took trade up to resistance / supply zone could have shorted for 15 pips and once again it seems on 15m hanging man doji good trade overall, happy trading and trust the 4h signal
Long
by beank1