Trading the Great British Pound
First of all, our deepest condolences to anyone that has been affected by the Barcelona terrorist attacks and the vile protests in Virginia. The last two years have been the most unpredictable and state severity years for the last decade. Take care of your family. Family always come first.
The Platinum Formulae is:
Fundamental Reason + Technical Reason + Logical Reason = A high probability successful trade.
These are the trades that can be taken with great confidence with 40 pips stop losses and a 150 pips target. These are trades that you place on a Monday and you leave as pending orders on your account for the whole week.
THE BILLION DOLLAR CABLE TRADING STRATEGY:
IMPORTANT FACTORS OF THIS “SORO STRATEGY”:
E) Learn the most important day to trade cable.
F) Understand the critical times not to trade cable.
If you would like a consultation and you are serious about trading cable, then I am willing to dedicate an hour of my time to teach you this strategy in-depth.
PLATINUM TRADING PLAN FOR THE 700 PIPS TRADE:
Platinum Analysts are Bearish on cable due to the increasing instability in the economy and the underlying woes of Brexit. We have also had comments in the previous week of a slowdown in the economy over the coming months. In short, instability causes the inflow of cash in the country to decrease and when this happens, you must expect small and medium business to suffer. Hence the reason for a Bearish view on Cable from a fundamental point of view. I thought the situation back in 2008 was bad, but what can I say? We are now in a worse situation than ever before with the UK. Government debt sitting at £8.6 Trillion. The personal debt is sitting at around £1.8 Trillion and that is a figure which is hard enough to get over.
Eventually, the government is going to have to cut spending and without increasing taxation and interest rates, I do not personally see a way out except another round of quantitative easing and this would be disastrous for the Pound. These are fundamental views and we want to be able to teach traders how to make the most of the market place. Hence the reason for a Bearish view on Cable from a fundamental point of view.
Read more on Fundamental View with Platinum in our Vlog.
If you are a new trader and not know how to read charts, do not worry! Just email one of our traders and they will assist you in explaining the actual analysis.
RISK REWARD RATIO:
If you risk 40 pips you can gain 700 pips. A fantastic risk to reward ratio.
KEY TECHNICAL LEVELS:
- 3250-Long Term Selling level
- 3040-Long Term Selling Level
- 2780-Short Term Buying Level
- 2630-Short Term Buying Level
- 2475-Short Term Buying Level
- 2300-Short Term Buying Level
How to become a profitable Cable Trader or Sterling Trader.
If you are a new financial trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course. We have just introduced this as in the last month we have had a lot of inquiries on learning how to trade the financial markets. We can get you on the successful path of becoming a Financial Trader.
Hopefully, you have enjoyed today’s article as much as I have enjoyed writing it for you to read. See you in the next one.
The Platinum Formula:
Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = Perfect Trade
THE PLATINUM WAY
At Platinum, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time. We trade in an Institutional Way by letting the market come to us and being patient. Using Platinums Trading system you can take many Pips out of the market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
If you want to trade like the professionals do, making consistently profitable returns from your trading, get in touch with us and we will demonstrate live exactly how we approach the markets.
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Head Senior Trader
Live from the Platinum Trading Floor.
Get latest Forex and Cryptocurrency market reports and views, trading videos and forecasts of trading opportunities delivered straight to your Inbox.
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.