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Is nomad trading possible? - usdcad trade

Updated: Jul 10, 2019

There's an old saying on Wall Street - if the market gives you a gift take it!

Here is a trade I took short on the USDCAD when there were better than expected employment numbers in Canada, well over 3x the consensus. Simultaneously there was the announcement for the US Non Farm Payrolls which was lower (less than half) of what analysts thought would come. This provided the perfect opportunity to short with price gaping over the take-profit for an extra 14 pips when the market opened on Monday.

As some of you already know I'm currently visiting the US. I took this trade in Beverly Hills whilst out for a late lunch at an Italian restaurant right before my main course meal. Luckily I had my laptop on me and readily available at such a moment like this. Not often do you get confluence like this between two major currency pairs with employment results both in your trading favour so it pays to be prepared!

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