USDCAD – trade video

One thing I’d like to mention which I missed clarifying in the video was I had no idea if the trade would work..and more importantly.. I didn’t care..zero emotional attachment..Why?

I’m very comfortable with my trade selection ability (practice) to know that I can win 50% of the time.. also Im comfortable with my risk reward parameters ..Risk 1 to receive Reward 3 .. if ..or IF.. I can live within those parameters (win rate /risk reward) I have an edge.  Then I only need enough trades so this edge can kick in.. so if this is one trade of 50 for the month … it has no great emotional or psychological importance. That… all together is my strategy.

Have a great holiday season ..all!

Classical Thursday

30 minute atr

240 minute atr

 

daily pivots

weekly pivots

upside extensions

downside retracements

regression channels

support and resistance
On the economic calendar:-
08:30 Jobless Claims (Consensus 295 K v Prior 294 K)
09:45 PMI Services Flash (Consensus 57.3 v Prior 56.3)
09:45 Bloomberg Consumer Comfort Index
10:00 Philadelphia Fed Survey (Consensus 25.0 v Prior 40.8)
          Leading Indicators (Consensus 0.6% v Prior 0.9%)
10:30 EIA Natural Gas Report
11:00 3 Month Bill Announcement
          6 Month Bill Announcement
          2 Year Note Announcement
          2 Year FRN Note Announcement
          5 Year Note Announcement
          7 Year Note Announcement
13:00 5 Year TIPS Auction
16:30 Fed Balance Sheet
          Money Supply

Classical Tuesday

30 minute atr
240 minute atr
daily pivots
weekly pivots
upside extensions
downside retracements
regression channels
support and resistance
On the economic calendar:-
07:45 ICSC-Goldman Store Sales
08:30 Housing Starts (Consensus 1.038 M v Prior 1.009 M)
08:55 Redbook
09:45 PMI Manufacturing Index Flash (Consensus 55.5 v Prior 54.7)
11:30 4 Week Bill Auction

Events:-

FOMC Meeting begins

Classical Monday

30 minute atr

240 minute atr

daily pivots

weekly pivots

upside retracements

upside extensions

downside extensions

regression channels

support and resistance
On the economic calendar:-
08:30 Empire State Manufacturing Survey (Consensus 12.0 v Prior 10.16)
09:15 Industrial Production (Consensus 0.7% v Prior -0.1%)
10:00 Housing Market Index (Consensus 59 v Prior 58)
11:00 4 Week Bill Announcement
11:30 3 Month Bill Auction
          6 Month Bill Auction
16:00 Treasury International Capital