THE BULLS WIN, THE BEARS WIN AND THE PIGS GET SLAUGHTERED IN TRADING THE FOREX MARKET
As a Platinum Member, let me educate you on how to how adapt to both the Bullish and Bearish Trading Setups.
Platinum Analysts are Bearish on EUR/USD.
Today topic of choice is the Euro Trade looking a target of 400 fx Pips. The fundamentals continue pointing to the downside, as the ECB is set to add easing while the FED is on course to raise forex rates in December. One factor that can derail a hike is a victory for Donald Trump. Such an event could also be dollar-positive, on safe haven flows that will benefit the Greenback. All in all, it’s a win-win week for the Greenback.
How is Platinum Different?
The difference between a standard retail trader and our approach couldn’t be further apart, why is this you may ask?
When retail traders see an election like us they will try and wait for the result to come out and buy or sell on the spike, now anyone who has any experience in trading will tell you that trying to catch a spike is extremely difficult and traders get burnt by this.
At Platinum, we are fundamental traders first. We have a clear definition of when to take a trade and when to stay out of The Forex Market. In massive political events, such as this US election, traders can get lost in the volatility and robust moves in the Forex Market. Golden Rule for trading when in doubt stay out. At Platinum, we have strategy to fit different market situations and to trade this event we will be using the Extreme Zone Strategy. All you do is place your orders in the extreme zones with 30 Pips stop loss and look for a 50-60 pip reversal. Whilst most traders have no idea where to place trades except support and resistance levels the Extreme zones will calculate very crucial end of range entry points in the Forex market.
We are fearless profitable traders as we follow the Platinum Formulae:
Platinum Trading Floor + Platinum Trading System + Platinum Analysis + Platinum TV = Profitability
Trading Level to Watch
EUR/USD – Weekly Closing Price: 1.1140
EUR/USD managed to recover as November began. Updated EU forecasts and some German data stand out, as Americans go to the polls. Volatility is going to be high. Euro-zone inflation remains subdued. Despite a rise in the headline CPI, core inflation did not budge, causing a headache for the ECB. GDP growth was OK as 0.3%, but also failed to excite. In the US, the FED and the NFP had their word ahead of the US elections. Clinton remains in the lead, albeit a narrower one, due to the FBI Effect. The US Non-Farm Payrolls were quite upbeat, with the biggest gain in wages since 2009, but markets focus on the US elections.
Platinum Long Term Strategy
Top 3 points of the Platinum long term Strategy:
- Great strategy to use for Part time traders allowing for flexibility so can set and forget.
- 78% success rate.
- Over 6000 Pips made using this strategy this year.
We have highlighted one possible way to trade in the next few days, if you want to find out more we have also released a Platinum Elite US Election Report which is Packed full of insight, tips, trades and information on how to navigate this event with finesse.
The Platinum way
We trade in an Institutional Way by letting the forex market come to us and being patient even on a huge election day like this, being patient will always be a virtue and it’s no different in the Forex Market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
“Risk comes from not knowing what you are doing” – Warren Buffett.
To end today’s blog, I wanted to ask you – Are you ready to trade the US election ? Do you have a strategy in place?
Have a beautiful day and an even wonderful week!
Live from the Platinum Trading Floor.
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The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.