Hi Folks.
This is one of those desk-clearing emails I mentioned earlier today.
As I am sure you are all aware by now, the UK held yet another election a few weeks ago and the pro-Brexit side notched a stunning victory (and 3+ years of seeing Parliament split pretty much 50/50 between the pro and anti Brexit factions).
What a lot of people don't remember is that the UK voted in favor of Brexit a full 6 months before Donald Trump was elected President of the United States. So it has taken the UK almost 4 years to work themselves into a position where Brexit is likely to become a reality.
The real impact for us Forex traders is that after watching the various and sundary GBP pairs look like an EKG for a dead man, the GBP charts have been perking up since that last election (things quieted down a bit over Christmas but that happens even in the best of times).
So finally it looks like we have the Pound pairs back to trade once again. Now we just need a plan to follow.
One plan worth looking at hit the market right about the time of that last UK election. I learned about it from an email Cynthia Macy sent out, and I decided to pick it up and run it in the background, just to see how it held up once the post-election euphoria wore off and the markets now had to deal with the very real prospect of watching the UK crash out of the EU in the next few weeks.
To it's credit, when run on some longer term charts (30M, 1H, 4H) it did a very good job of spotting some of the nicer price runs, and early enough that a quick move of the Stop Loss to Break Even typically worked out for the best, meaning the trades kept moving in the "right" direction and around 4 out of 5 trades closed in profit.
And since this was on the 30M and 1H charts primarily, the trades were fewer per week (1-2 trade signals every day or two on the 1H charts) and the overall number of pips available to lock up with either the fixed exit or the trailing stop was above average.
Those of you who have been with me for a while know I rarely recommend anyone else's products (aside from Cynthia's) and the fact that she also looked at it and found it had value should be like a double recommendation.
So if you are looking for something that is simple to set up and follow and which has the added benefit of actually working as advertised, check out the Dynamic Trend Trader and see what you think.
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