-12.2 pips 😭 USD/CAD – Forex trade May 16, 2022

Volatility just wasn’t there today to break pass the Pivot Point. Price action behaved as if there was a bank holiday today but there wasn’t. Oh well, occasionally this happens.

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Trade taken during NY open @ 0800 EST (It says 0200 in the video because that’s my local time HST).

My Strategy:

I trade NY open and usually USD/CAD (sometimes CAD/JPY) with a Target Price of 20 pips. I decide my entry based on the Moving Average 20 on the M30 chart. For example, I’ll enter a buy if the previous candle closed above MA and the price breaks the high of that previous candle. Vice-versa for a sell. This strategy has proven to work pretty well for USD/CAD.

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  • Volatility just wasn’t there today to break pass the Pivot Point. Price action behaved as if there was a bank holiday today but there wasn’t. Oh well, occasionally this happens.

    **********

    Trade taken during NY open @ 0800 EST (It says 0200 in the video because that’s my local time HST).

    My Strategy:

    I trade NY open and usually USD/CAD (sometimes CAD/JPY) with a Target Price of 20 pips. I decide my entry based on the Moving Average 20 on the M30 chart. For example, I’ll enter a buy if the previous candle closed above MA and the price breaks the high of that previous candle. Vice-versa for a sell. This strategy has proven to work pretty well for USD/CAD.

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