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”:
Video Source – Investopedia.com
A) Know your Fundamentals in-depth.
B) Understand how to buy the pound prior to key events.
C) Obey Critical Hedging Principles.
D) Learn to Buy/Sell and hold for over a longer period of time.
An example of buying and holding is below: Euro has been bought at critical points
I am currently still holding buys on some euro trades which are making in excess of 1423 pips. See table below:
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:
TRADE CABLE LIVE WITH STEVE TOMORROW!
FUNDAMENTAL VIEW:
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 businesses 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.
TECHNICAL VIEW:
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.
From the chart, it is clear we have now capped @ 1.3260 and we have a beautiful shorting level at 1.3040 as this will be the completion of a Head and Shoulders Pattern. If this pattern plays out according to our analysis, this could make you more than 700 pips on the Pound. We should also remember that 1.3040 was the double top we saw earlier on in the year as well. From market rumors, we are also seeing 4 major banks on a selling spree on cable at these levels.
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.
700+ PIP SOROS TRADE – SPEAK WITH A TRADER TO DISCOVER HOW!
The Platinum Formula:
Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = Perfect Trade
The Platinum Way
At Platinum Trading Academy, United Kingdom, 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 Platinum’s 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.
Download our free ebook to read about the various Trading Patterns that work in the Financial Market. Watch Trades of the Week Videos in our video gallery. Subscribe to Platinum’s Forex Newsletter.
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day!
Nisha Patel
Live from the Platinum Trading Floor.