Comments on: Big Ben strategy for Canadian Dollar.

By: brysown1

brysown1 — Fri, 25 Dec 2009 00:23:04 +0000

USD/CAD
Interesting as I too watch for moves at certain times (mornings) work best so far.

By: Big Ben and Canadian Dollar, - MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community

Tue, 17 Nov 2009 00:25:15 +0000

[...] obvious currency pairs also start moving during this time. One of them is USD-CAD. Read more about Big Ben strategy for Canadian Dollar. http://www.moneytec.com/forums/ [...]

By: admin

admin — Mon, 16 Nov 2009 06:02:59 +0000

Could be, but unlikely. Current moves are still smaller than swings in oil last year- 2008. Another thing of interest- USD-CAD had even bigger moves in 2007, when it hit all time high (low on the chart, high for CAD) and my results were still much lower than this year.
My theory is that now USD-CAD, or all CAD pairs, has much higher volume. What this does it smothes action a little bit, having less spikes that used to stop me out a lot before. Also, moves tend to continue into American session a little better than before, but that is not quantifiable and subjective. Think volume is the answer. But the few hours before Europe are still dead.

By: Paul

Paul — Mon, 16 Nov 2009 04:01:40 +0000

Mike, do you think the improved results from the USD/CAD system are because of the big swings in oil we have seen?

By: admin

admin — Sun, 15 Nov 2009 15:20:22 +0000

Heather, it depends on how sensitive uor entry rules are. You can easily make sure there is a trade every day, but that means you would most likely have more stopped out trades.

By: Olaf

Olaf — Sun, 15 Nov 2009 13:15:19 +0000

Interesting. I never looked at Canadian Dollar this way. My own trades in this currency are working out too well. Get stopped out a lot.

By: Heather

Heather — Sun, 15 Nov 2009 06:12:54 +0000

It appears that you wouldn’t have a trade every day, but maybe 4 times a week on average, correct?

By: admin

admin — Sun, 15 Nov 2009 05:04:58 +0000

Hi Ken,
you can really use just about anything for a breakout. Previous ranges, highs/lows, even projected pivot points for session, 4H or whatever. You can call it VBO, opening range breakout,etc Point is that volatility increases and very often it turns into directional moves. There is considerable level of predictability here, and this could be enough for a decent trading strategy.

By: Prudence

Prudence — Sun, 15 Nov 2009 01:02:24 +0000

LOVING it!

By: Ken

Ken — Sat, 14 Nov 2009 18:40:41 +0000

By breakout I presume you mean a volatility breakout (VBO)? I trade a similar method but on a weekly timeframe, your post has piqued my curiosity. Time to pore over some charts. Thanks.