3 Little Pigs MTF Trading Strategy - Nigel Said It - 14-Feb-16 - 528x218

3 Little Pigs MTF Trading Strategy – Nigel Said It

A couple of weeks ago Nigel produced this video titled “Kuroda Wins A Battle, But He Hasn’t Won The War”, here is a link in case you missed it or wish to watch it again.  His video this week also touches on the Yen.

So why mention this?

Well, I want to make a point.

It seems Nigel was not wrong (he’s not always right you know!).  I was not so confident though, I am of the “don’t fight the FED (controlling financial body)” school myself.  And, with Kuroda taking such a decision (negative interest rates), I did believe it would mean at least short to medium term weakness for the Yen.

As can be seen the market initially thought so too.  We got a Long Entry signal soon after the announcement.  However, within a week we were stopped out for a loss of about 75% of our initial risk.  That’s about -1.5% based on 2% risk per trade.  Short term weakness indeed!

So, soon after being stopped out (of our Long trade), we got a Short Entry signal.  Currently the trailing stop on this trade is showing a return of about 150% of our initial risk.  That’s 3%+ based on 2% risk per trade.

See chart below…

3 Little Pigs MTF Trading Strategy - Nigel Said It - 14-Feb-16 - Chart

The point I want to make is this…

Regardless of what I THINK or BELIEVE the market might do – I take all valid signals according to my strategy.  I, nor anyone else, knows which signal is going to be the one to go on to be the trade of the month or even year.

Note: I am not saying this is going to be that trade, I still believe Kuroda has more up his sleeve.  However, if this does turn out to be the trade of the year – Regardless of what we THINK or BELIEVE, at least we are involved!

Follow up 3 Little Pigs USDJPY update.

Don’t miss those trades when they come with the
The 3 Little Pigs MT4 Indicator – Click HERE
Get alerted on the screen, by email and/or sms

Current View From The 3 Little Pigs Scanner

Here is the current outlook for the 8 currency pairs I trade and many other instruments from my 3 Little Pigs MT4 Scanner screen.  It shows currently trending markets and where there is a valid signal on the current or previous 4 Hour candle close.  Check out those 3 Euro Signals!

3 Little Pigs MTF Trading Strategy - Nigel Said It - 14-Feb-16 - Scanner

The 3 Little Pigs MT4 Scanner is now available as part of our
Comprehensive Pro Membership, click HERE for details

DISCLAIMER & COPYRIGHT

This update is based on my analysis on my charting package. It may differ to yours as it can be affected by time, market movements, charting packages and broker prices. I accept no liability for loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on any information in this report or analysis.