Subject: I don't know if you were aware of this or not
Hi Folks.
I don't know if you were aware of this or not, but news trading is dead.
Dead as fried chicken.
The way we used to make quick pips 10 years ago trading news releases was to straddle current price by 20 pips on either side and place buy and sell trades and wait for price spikes to get us in and take us right back out of trades. The easiest pips we ever made in most cases.
But today, brokers and liquidity providers widen spreads so much you can get into a trade and hit your stop loss at the very same time.
Lately I've seen the GBPJPY spread go to 30 pips or more before some of those "red folder" news reports are released. You simply cannot trade under those conditions.
But about 2 months ago I decided to embark on a quest to see if there was some way we could still trade news reports without dealing with all the widen spread stupidity and still make pips.
Turns out I've been missing some very easy trades, and they've been out in the open this entire time. I just didn't know to look for them.
So what I've been working on for the last several weeks is a compilation of news reports + pairs (charts) that display a tendency towards one or more price action patterns that we can look for and get in on after the widen spreads disappear and things return to normal.
It's almost done and I expect to have it ready to go out on Monday morning. My plans were to send out emails next week and let everyone know about this (it will be a part of my What's Working Now in Forex series).
But as I was sitting here reviewing what I had compiled up until now, it dawned on me that one of the best patterns I've ever seen is highly likely to make another appearance tomorrow after the release of a red folder report (and no, it's not the NFP amazingly enough).
This is an easy to spot and easy to trade pattern involving a single pair (one of the majors) and it has won 6 out of the last 7 months (and the month it lost it lost 10 pips).
If I followed my original plan you'd get the chance to trade it next month and in the coming month after that.
But I figured if I get this into your hands now, you still have plenty of time to jump on this trade tomorrow and potentially recoup the cost of the entire program before we actually get the entire package into everyone's hands.
So here is the deal: What's Working Now in Forex is a new way to take advantage of those news inspired price moves without risking getting wiped out by price spikes and widen spreads. It's based on using the 5M charts and the entries are as clean and as clear as I can make them. I will be sending out a link to a weekly pdf over the next 4-5 weeks until we have covered an entire monthly news cycle and we've seen all the red folder reports at least once. For anyone who is interested, I will have a followup program whereby I update the charts and the methods as needed, but that is a bridge we will cross when we get there.
But for now, if you can get to www.simple4xsystem.net/newsday and click on the Buy Now button, you can get the early release of tomorrow's news trading patterns, including a pattern that has won in 6 out of 7 of the last months.
And the good news is there are several more of these patterns I will be sending to you as their respective reports approach in the coming weeks. So you'll have multiple chances to start getting in on some nicely moving trades (news propelled trades) which will recur every month.
So if you are someone who does not have a lot of time to spend in front of charts, or you live on the West Coast of the US and don't want to haul yourself out of bed unless you have a better than average chance at making some easy pips, or you just like trading where you have the advantage of extra momentum helping your trades along, then you need to grab a copy of this News Package and put what you learn inside to work for you.
So get over to www.simple4xsystem.net/newsday and download the report for tomorrow while you still have some time left before that report cokes out and makes the prepared some easy pips.
Jeff
P.S.--Unfortunately I am still using PayPal, so please give them a chance to redirect you to the download page once your transaction is complete. If they fail to redirect (and they have an annoying habit of doing that with time sensitive documents) I will be mailing out links as I see sales come in until I go to bed tonight and then will start again first thing tomorrow morning, so if PayPal drops the ball, don't panic. Send me an email at jeffglenellis@gmail.com and I will email you the link as soon as I can.