Morning spike..AUDCAD

Posted on January 08th, 2009 in Trading Journal

I thought this is interesting. OK, AUDCAD is a exotic pair, and spreads are huge. But this does not seem to be a bad tick. This happened in most of brokers as well. I guess it killed a lot of bulls who are shorting CAD in this pair with the fact that oil just had a bad day. Who’s the mastermind of this spike? Interesting…

Well this is a useless chart. Just for fun. Don’t waste your time to figure out the strategy to trade this…

From the desk of Tradergav.com

Tags: AUDCAD, FX, Trading Journal

blog comments powered by Disqus

Subscribe to our feed
Rules & Quotes
“Avoid getting in or out of the market too often.”

Time tested trading rules
Now Reading

My Trading Library

My netvibes page
January 2009

M T W T F S S

« Dec Feb »

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31
Categories
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.
Disclaimer

tradergav.com and the author is NOT an investment,trading, legal, or tax advisor, and none of the information available through tradergav.com or social networking medias such as Facebook/Twitter by the author is intended to provide tax, legal, investment or trading advice or recommendations.

Although I do work as an affiliate for Elliott Wave International, I have followed Bob Prechter's work prior to that and am confident in the quality of his products and services.