usd/cad

I can honestly say I've never lost money on this pair. It just requires patience. It also requires the understanding that the market is stupid on occasion - as it is here - and that it always corrects itself.

If you're buying near multi year lows with an RSI of 18, you're usually safe :)
 
well, i bought as it was rising from its last major low and was healthy in its progress at 1.1850 so i went long, within an hour (just my luck) it dropped 70 ish to 1.1777 pips so i thought great buying opportunity, bought more and saw it drop to 1.1630 at which point i cut my losses and decided to wait til it truly bottoms out.
i thought that was this week as all the so called experts at fxdaily.com predicted a rise from 1.1250 to at least 1.1350 in a relief rally- what a crock- it dropped again as we see noe, so reluctantly i sold out.

now i will definitely wait til the true bottom
 
Quote from bannisterj:

i thought that was this week as all the so called experts at fxdaily.com predicted a rise from 1.1250 to at least 1.1350 in a relief rally- what a crock- it dropped again as we see noe, so reluctantly i sold out.
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Try fading FX Daily, you will make money every time.

el surdo
 
Quote from Ivanovich:

I can honestly say I've never lost money on this pair. It just requires patience. It also requires the understanding that the market is stupid on occasion - as it is here - and that it always corrects itself.

If you're buying near multi year lows with an RSI of 18, you're usually safe :)
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Good to see Ivan is still here :)

I agree with Ivan here. USD/CAD is my fav to trade. One thing I try to do with this pair is not to over complicate it. It will serve you well if you stay calm, and stick to the funda's.

Take care,
 
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