In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'.
The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability.
As strange as it...
I'm joking of course. :)) But seriously, have a look at this indicator I'm showing. As I mention in the video it's not all about indicators. It is also about selecting the right indicator for the instrument one is trading.
Practice and understanding of how you can work them together to estimate probabilities is most important.