When to trade usdcad
Forex Trading - How to trade USD/CAD
in this video we're gonna take a look at
how and why trend trading is going to be
your only path to massive success in
trading so let's go ahead and fire this
up
[Applause]
all right what's up traders its mark
here at dyno trading so in this video
we're gonna put the us/cad under a
microscope for you forex traders that
are focusing on some of the
international pairs there's nothing
wrong with them right I trade up the six
pairs and I love all of them
I love the Pound based pairs I love the
Euro based pairs the yen the New Zealand
etc but the us-canadian was brought to
my attention from somebody who lives in
Canada we had a great conversation about
the u.s. CAD and I put it on my watch
list right away and I mean it's just
it's just shock the hell out of me in a
very good way this thing trends like a
beast and if you're not watching the
u.s. CAD you got to put this on your
watchlist like today alright so
hopefully by now you've seen some of my
other videos on why I think trend
trading is so important why I think it's
absolutely critical to your success I
mean I'll be honest with you there's
there's there's no nice way to say this
but trend trading is gonna make or break
your trading career if you trend trade I
think you're gonna have a lot of success
and if you use any other methods I don't
really care what it is
could be indicators could be supply
demand whatever you want to call it
you're just not gonna have success right
let's just it's just black and white you
may not like me saying that but it's
true right trend trading has worked for
the last 100 years it's gonna work for
the next 100 years there's no force on
earth as I'm about to show you there is
no force on earth that's gonna stop a
trend your best bet is to be in the
driver's seat of that bulldozer
as it smashes through all those retail
traders that are trying to call bottoms
and sell tops alright so um like I said
we're gonna we're gonna put the u.s. CAD
has to focus on this trade and what
you're looking at on the screen right
now is a typical five-minute candlestick
chart what I call the chart you
guys have heard me say that before right
the indicator chart
cetera so with one click of your mouse
we take this chart and we make
it look like this right we put our Dino
bars filter on top of that 5-minute
chart make it look like this now I want
you to stare at this chart for a couple
of seconds you can see I'll do a quick
back and forth here's the five-minute
chart you can see it in the top left us
CAD and here's the Dino burst chart
again us cat you tell me which chart you
think you'd prefer trading right so
let's get to the meat of this video this
is exactly what I meant when I said
there is nothing in the world that's
gonna stop a trend right we identified
our short signal it came in right there
right the first red bar after any green
bar that is your clue that it's time to
look for shorts I stopped talking after
that right there's nothing more to say
right for anyone that was trading the
us/cad on Friday shame on you if you
tried to buy that market literally right
you have no one to blame except yourself
you probably took a stupid trade
and you know maybe you learnt your
lesson on that trade maybe you didn't I
have no idea
right but for me as a trend trader
taking this trade was so obvious
all right now while this chart may seem
clear as day a lot of people have
contacted me asking how do I manage the
trade how do you take profits how do you
know when to exit and that's what we're
going to kind of cover now in this part
of the video so typically when you enter
a trade you know you want to wait for it
to move in your favor right you got to
give it some time to run
and as an example let's say price was
now over here after you already went
short here right so you're in the money
by about 40 pips that's pretty good
right so originally your stop was
somewhere over here price is now over
here and you're just waiting to see
right so now how do you milk the entire
duration of this trend all right let me
move this box out of the way I'll move
the box over here what I like to do is I
like to use these tall wicks to trail my
position all right so say price was down
here where the box just was I would move
my stop right over there so no matter
what happens
price may reverse and go this way I
still protect at least 20 pips in profit
and folks on those trend days if you can
follow this concept of only using tall
wicks you're gonna milk the entire
duration of that trend day right let me
show you what I'm talking about when
price moves down further here I want you
to look back and place your stop here so
so if price is over here
you're now in the money by about 60 pips
well all right it's safe to move your
stop here right now say the market moves
down here well guess what move your stop
to the most recent tall wick right price
is gonna keep moving in your favor move
your stop further to the next tall wick
get what I'm saying is this making sense
I'm hoping it does so following this
method of simply waiting for red and
green taking a very conservative trade
and then milking the trade by moving
your stop and trailing your stop as
price keeps falling like a stone right
all these air
right here is when retail traders
dumbass traders traders guys that
were trying to call bottoms they got
absolutely murdered in this
market by trying to call about him right
the smart trader who got in at the very
beginning of the trend right you've
heard me say there's only one place to
make money in trend and that's at the
beginning not in the middle definitely
not at the end only at the beginning
right up here right now even when you do
that you still have to look for ways to
manage your position right and on those
heavy trend days the markets gonna give
you these very very tall wicks all of
these tall wicks and you just simply
bounce your stop like a bouncing ball
over and over again and trail it all the
way right all the way down right folks
this ended up being almost a hundred and
fifty pips for you forex traders right
one day
does this look hard to you right did you
see anything that was overly complicated
did you see any indicators any moving
average lines any RSI stochastics any
other no you didn't you never
have and you never will alright this is
why trend trading is so important but
more importantly this is why trend
trading is so valuable right
it will steamroll every other trader in
the market who doesn't know what they're
doing and by trailing your stop you can
successfully capture every single pip
literally every single pip that the
markets gonna give you on these trend
days all right so listen folks I hope
you've learned something valuable in
this video thank you for watching this
video see you on the next trade
[Music]
[Music]
