USD/CAD position trade - Nov 1st
You all are in the USD/CAD position trade, right?
Please say yes. I’ve been beating that drum now
for the past couple weeks. There’s an old saying,
“Some will, some won’t, so what.”
Now maybe you’ll believe me when I say we are in
an up-trend on this pair? In this business, it’s
far too easy to be negative, and do anything but
pull the trigger. That’s the easy way out. It
takes courage to take a position, and stick to it.
Yesterday, we had what appeared to be a downtrend
continuation pattern unfolding on the 15 minute
chart. But, ta-daaaaa!!!
There was such a thing as a demand (support)
trendline on the weekly chart that looked like
it would hold. And, sure enough it did. What
was supposed to be a downtrend continuation
pattern turned out to be a downtrend reversal
pattern. Price came into today’s session, found
support at the central pivot point, and immediately
headed for M4, the expected high on this M2/M4 day.
For more on what all this exciting stuff means,
all you have to do is go to the members area at
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