top of page
Search

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!



 
 
 

Comments


© 2013, Inc. All Rights Reserved

Contact

MELBOURNE

Suite 2, Level 2,

349 Collins Street,

MELBOURNE VIC 3000

 

Tel: +61 0489 081 500

Email: team@lepusproprietarytrading.com.au

General Advice & Risk Disclaimer, Trading Risk Warning:

The information provided on this website is of a general nature only and does not take into account your objectives, financial situation, or needs. Before making any financial decision, you should consider whether the information is appropriate for your circumstances and seek independent professional advice if necessary. We do not provide personal financial advice or recommendations tailored to individual situations. Any financial products or services mentioned are for informational purposes only and do not constitute an offer, solicitation, or recommendation to buy or sell.


Trading foreign exchange and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading and seek advice from an independent financial adviser if you have any doubts.

Past performance of financial products is not an assurance of future performance.

Lepus Proprietary Trading is a trading name of Wolverton Investment Group Pty Ltd (ACN: 639 257 613) (Corporate Authorised Representative No. 1314535 of Australian Financial Services License 460940)

  • White Twitter Icon
  • White LinkedIn Icon
  • White Facebook Icon
bottom of page