This is a post from last week on Monday when the GBP crashed further. Have given some important tips on how to go about with this going forward.
I am travelling today so do not have time to add the notes for the video. Ashley will try to do so later, HOWEVER this is potentially the most dangerous week of the year for traders.
As I say at the start of the video this is an EXTRAORDINARY day. The US stock market hasn’t opened as I write this, THAT might further rock things! I also mention this could be a “Soros moment”
Speculators will smell blood in the water today both in Yen and GBP trades. This could well be a George Soros style moment for both. Heres’ what happened in 1992 https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp
Its important that you find the time to watch it if you intend t do anything this week. I also share a few cross-pairs that I am willing to trade this week.
- the GBP meltdown and what might be coming next- dont touch it until further notice!
- How the Bank of Japan’s actions are making things worse.
- What the Bank of England could do today
- Why I will not go near any stocks- my warnings in recent months about NOT buying EU nor GBP stocks turned out to be a good decision
- Gold & silver is up 20% for me and 100% for others???
- USD index
Best advice would be to stay away from the GBP for now and focus on others pairs. There are plenty of options like I have shown in the video.
We can also use the Earth and Sky strategy. It has helped us get some very good trades when the markets have given limited opportunities.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
Watch the video below for more detailed explanations of this week’s analysis and trade plan (click the 4 arrows bottom right to view full-screen):