Clive Lambert - FuturesTechs
Clive Lambert of FuturesTech is looking to sell USDCAD at a break of the overnight low at 1.3184 with a stop above 1.3237 (Marabuzo). His targets are 1.3000 and 1.2930.
Day trade
Trade view / 02 September 2016 at 14:32 GMT

UPDATE: USDCAD does not find love at the top of the range

FX Consultant / IFXA Ltd

The original trade Idea expected strong US data and falling oil prices would drive USDCAD higher. It worked, to a degree. The rally stalled at 1.3150 and reversed itself after the weak ISM Manufacturing PMI

That was a sign and it shouldn't have been ignored. The ISM report turned this trade into a roll of the dice on Friday's payrolls report. We rolled snake eyes. The trade was stopped out for a loss of 0.0045 points.

In hindsight, prudent risk management would have meant closing the trade yesterday. 

Original Parameters

Buy: ½ USDCAD at market (1.3105) balance at 1.3055.

Stop: 1.3039 offered.

Target: 1.3220.

Time horizon: 3 days.

— Edited by Martin O'Rourke

Non-independent investment research disclaimer applies. Read more
04 September
bancodemon bancodemon
loose some, win more.


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