I wasn’t planning to do another blog this week but as we had such a powerful news event earlier, I wanted to send you some of the finer details on how we were able to plan for and take full advantage of the movement seen in the EUR today.
So, first things first. As you will have seen in a recent blog, preparation is the key to trading news events successfully so let me share with you extracts from the ‘midday report’ I send to my mentoring students to help them plan for today’s events. This will then help to shed light on what our expectations / plans for trading it were:
US Session Forecast
So as you can see there were three scenarios which could have played out. We never know for certain which one will but we can ‘prepare’ for every eventually. As is now known the ECB massively under-delivered on their promises, the EUR boomed and, as you will see from the trade video, this is how we were able to take full advantage. It was a pre-calculated, pre-prepared plan of action whereby we knew exactly WHY the EUR was rising when it had been free falling for the past several weeks. This is another reinforcement of the power of tuning into the fundamentals and the ‘pulse/mood’ of the market. As you know, your continued trading success is my biggest driver and so I wanted to share just a couple of really nice emails sent earlier today in response to the news:
”Tom you really need to stop copying my ideas 😉 I am referring to buying the EUR if there will be no further rate cuts. Just kidding, great info for everyone who is new. I am sure with time they will understand whats priced in already and what to ‘unexpect’…
…Buying the EUR feels awkward, my brain kind of freezed when I got into EURAUD and EURUSD buys. But after successful banking of +1.5% it feels better…
…Great info as usual Tom” (Bogdan, UK)
A rally of over 100 pips in EURUSD in both directions! I do not understand how one can only believe in technical analysis and ignore news, it makes zero sense to me…
Cannot believe I was blinded by that school of thought! Both combined provides a different edge entirely.
I am still blown away by your udemy course. I’m 2.7% up from since I started on the 2nd November 2015. That is through a mixture of technical and fundamental trades however 90% of those trades were fundamental trades meaning without investing in your course I would have made nowhere near as many pips as I have…” (Banji, UK)
My main driver to write blogs is to educate, but alongside that, to also inspire and motivate you guys and as cheesy as it sounds, feedback like this keeps me inspired and motivated to continue and I love to share success as its becomes contagious.
Until we speak next
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