The big institutional traders are badly confused and that is why we are seeing most of the big pairs getting so tied up in a range.
On one hand, the bad US data makes traders want to find safe haven. But the Fed is opening the door to additional QE.
On the other hand, the BoE and the BoJ have both been talking about additional QE as well and the BoJ has been talking for weeks now that they don’t like the strength of the Yen and want to weaken it.
So where would a trader find “safe haven”?
At the moment the answer is … there isn’t really a safe haven. If Europe and/or the UK begins to miss their economic numbers then I believe we will see a break out of Euro and Pound and into US Dollar and Yen.
The question then becomes, “how can this current mess be traded?”
Fortunately, the range in GBPUSD is large enough that it can be traded in a “scalp” fashion.
Use a shorter term time frame, 5M or even 15M. Look for a bounce off the range top or bottom, and then place a trade with a TP set BEFORE the next “bounce” location by about 25% or so.
We are in a situation where it will not take very much for a pair to suddenly shoot wildly away and for very little real reason. So you will want to watch your charts. If you’re lucky and that happens in your favor, pull your TP and ride it for a bit.
However, we all know that probably won’t happen. The market has an uncanny habit, that if it’s going to shoot wildly in a direction, it will be opposite your trade.
So be ready to exit early, jumping out before your SL is hit, if this does happen.
Finding and trading rapid price swings
I have a system that reliably allow you to find periods where price is making a sudden jump in a direction. That system, probably unsurprisingly, is also the most profitable system I have.
It can allow you to improve your trading success if all you used was that one piece. Combine with the fact that the system also trades trends AND range bound markets and you can really make a mint with it.
In fact, I would like to give you that system … but there is a string attached.
I am doing my very last short term pool … EVER. In fact this is my last pool EVER.
Everyone that gets into this pool will be given the system. This is a guaranteed pool, 30 days in duration with a 2 times return. What ever you put in will be doubled at the end of the 30 days and sent back to you.
PLUS, I will be giving everyone a trading education that describes exactly how to use the system … to a very fine level of detail. I will even bring back the live trading room again if I get enough people into the pool (or simply enough of an investment)
Nearly every pool I have ever done has had a 1k minimum. This one only has a 200 minimum. Since this is my last one I want to give as many people as possible the chance to get in. Just remember, that if all you put in is 200, you only grow it by 200.
Put in 500 your funds grow by more than the total return of the person only putting in 200.
Get the trading system, the trading education … and get a healthy return. This way when your funds are doubled at the end of the 30 days, you have a proven system AND the trading knowledge that can bring you real trading success going forward.
To get started all you have to do is shoot me an email OR “leave a comment” here. It won’t actually post as a comment but will instead be emailed to me that you’re interested.
I can take paypal for this pool! Just let me know that’s how you want to add funds to it when you tell me you’re interested.
Of course if you have any questions, please feel free to ask.
Again, you can either reply to the email I sent you about this post, or you can “leave a comment” … that will be emailed to me NOT posted here.
