Cad Trade

We finally saw a correction on the Cad which allowed us to remove our hedge with decent profits. At this point we are unhedged and completely net long on the USD/CAD (9607). Still targeting 1.05 long term and 1.00 medium term.

Trading two different releases

This morning we were trading two different releases out of two different countries. The first report was the Canadian Labor Change report, and the second was the US Non-Farm Payrolls report. CAd EMPLOYMENT SCORES 29 – 62 PIPS FOR TRADERS… On the Canadian report we were looking for 15,000 in deviation. We actually got 50,000…