TomProTrader
Long

USDCAD: Bull Participation Is Continuing At This Level! #Forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
511 11 11
Friends,

Looks good for long movement. Nice moves, without obvious exuberance make for stable uptrends.
20Moving Average is important for this trade, and performs well on this pair in general.

Best of luck.

Tom
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Hi Tom. What price are you looking for entry??
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Good work Tom
+1 Reply
TomProTrader PRO SmartTradingFX
Thank you. Appreciate it.
+1 Reply
SmartTradingFX TomProTrader
No worries! Keep it up! I just posted an idea on EUR let me know your thoughts
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Tom do you use Exponential or Simple MA? And are you waiting on further confirmation on this or are you basically saying it's good to go? Thanks, really appreciate your stuff.
+1 Reply
I use exponential moving averages for my 3 and 8 moving averages.

the 20,50, and 200 are all simple. Standards ;-)

Kind regards
Tom
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TomProTrader PRO TomProTrader
Thank you for your kind words also
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TomProTrader PRO TomProTrader
I am waiting for a pullback for entry. I will update this post accordinglly
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Marvin TomProTrader
Ok. I won't ask about why you use these different MAs as I would assume the answer is too complictaed and probably based on backtesting etc. Cheers mate.
+1 Reply
If you're interested in them, you should read this, they're fantastic to learn.

http://www.investopedia.com/terms/m/movingaverage.asp

Kind regards
Tom
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