Non-Farm Payrolls out of the USA along with the labour numbers from Canada!
The USA report is out and the numbers show USD is getting weaker. not good for USA so its bound to get weaker as the morning drags on.
The CAD report is out and the numbers show CAD is strong and getting stronger. Nice report for cad so its always a safe one to put meaning the Canadian dollar will get stronger.
When looking at a usdcad price chart, the line, candle or bar going down means the cad is getting stronger while the usd is getting weaker.
3 binary trades using USDCAD in PUT
I wagered $500 and another trade at $200 for a 70% return
The first one gave me $850 minus my 500 stake = $350
The second trade will pay out $340 from a $200 stake. I doubled it to get another 340 payout on $200 stake.
The movie has no sound. For those who are not familiar with this type of trading, I placed a trade that USDCAD will drop down and the first was for $500 and it paid out $850. The second trade was $200 but i doubled it a short time later.
I was pretty safe when I waited and placed a PUT on the USDCAD pair just as the crazy people pushed it as high as possible for the second time. The trade was done with the special platform and the trade went PUT both times to end in success…of course.
If I had tried to trade Forex during this report, they would have destroyed me. Look at a Forex pair chart of the usdcad in one minute periods…Yikes. This is exactly why you don’t trade reports in Forex during these events.
When you trade short term binaries, you put a time limit on how long the buggers can play up and down games. When it all shakes out, the market will go where it has to go based on sound economic principles. All this fluff in the meantime is brokers messing with their clients. Purposely jacking the market up and down arbitrarily.