Tag Archive Trade

Correlation trade on GBPUSD and FTSE 100 12th Oct +£52.10 Profit

A representation of how correlation works. As the value of pound rises, the FTSE 100 decreases in value, and why? Well because assets require more purchasing power when the pound decreases in value. Aiming for 13180 as a trade target but I was happy with current profit so I closed out. However, in hindsight, I should have held for a little bit longer because it absolutely smashed through my target and is in the 133 area.

FTSE

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Crude Oil (WTI) Long 12th September 2017 +£32.60

A Very Simple Before & After

So I’m just going to show you a simple Crude Oil (WTI) Long trade that I had taken on the week of the 11th of September.

You can see that I’m on a daily time frame for this one, as it best describes what’s happening in a bigger picture.

So using a daily time frame can paint a larger picture for what’s happening. As you can see, 3 days before I entered a quick scalp there was a huge fall in price (150+ pips). I discerned 1 one thing after this big drop.

There had to be a natural pullback at some point as people begin to take their profits. I remained patient and calm and I carefully picked my entry 3 days later, which was pretty much at the lows of the day.

US CrudeUS Crude Oil

 

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*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose




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