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Forex-usdcad

Second chance to sell USDCADHello friend! My forecast remained the same: USDCAD was unable to break the support line and almost rose to the resistance level of 1.334 After a false break of the channel, I am looking for sales, but so far there has been no suitable signal. But now the price is near the resistance line (at the H3 timeframe), near the channel resistance line and near the resistance level 1.334. combo and I like it. Enter after sell signals/patterns with target of 1.324 (short term) Share your vision of GBPUSD in the comments and like if you agree with this idea.
Short
by DeGRAM
4
USD/CAD BUY OPPORTUNITY as we can see here on the USD/CAD chart that the market has been trending along the black trendline and has been testing and bouncing off it for many times. as we can see right now the market has attempted to test the upside but didn't have enough strength so it can back down and has now tested the black trendline, with no signs of the market breaking to lower areas, and is showing small tests happening by price and candles giving long wicks against the trendline. also, this is happening all around the 0.5 fib level which is usually an important point to watch for turn arounds. due to this type of situation, we will be placing a buy for the market to be moving into upside areas to create new higher highs and higher lows to accommodate and follow the trend.
Long
by UnknownUnicorn2396129
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