Jons Post Brexit Trading Plan - 26-Jun-16

Jons Post Brexit Trading Plan – 26-Jun-16

Hi All,

I went through my Pre Brexit trading decisions and Post Brexit Trading plan in the recent Weekly workshop which Pro members can access here.

For the benefit of everyone else, here is a summary of my Post Brexit Trading plan.

3 Little Pigs

From Tuesday last week (2 days before the referendum) I was out of all my 3 Little Pigs trades – Either stopped as per the strategy or by personal choice. The exception to this was a Long AUDUSD trade. I kept this trade open as I had a good, well in the money, stop a good distance from the current market price and I figured it would be little affected by the vote. In the end it was affected by the vote due mostly to USD strength. I got stopped out as per the strategy at the level I had specified.

As you are all aware, assuming you have read the 3 Little Pigs eBook I usually trade 8 Currency pairs, AUDUSD, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY. For the next 2 weeks, at least, I will not be trading any pair with EUR or GBP in it. So I will only be taking signals for AUDUSD, USDCAD, USDCHF and USDJPY trades. And, I will be trading all of these at 50% of my usual risk.

Pivot Points

Pivot Points are based on the High/Low/Close prices from the previous day. Due to extra volatility I expect pivot levels to be quite wider in the near future and also their levels to be ignored. For these reasons I will be taking no new intra-day trades in any Currency pairs for, at least, the next 2 weeks – Using the Pivot Points Trading Strategy.

NITTS

Pro members can also view my NITTS (No Indicators Trend Trading Strategy) Post Brexit Trading plan below…

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Remember…

It’s better to be out of a trade wishing you were in than it is to be in wishing you were out

Hope you all stayed safe and hope this helps.

All comments welcome.

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.