Join In The EURGBP Short 17-04-16

Trend Trading With NITTS – Join In The EURGBP Short – 17-Apr-16

A question I received from Chris after the Pro Member Weekly Workshop today – Nigel mentioned in the workshop that he was interested in trading EURGBP short next week, could you maybe show how I can position for this using the No Indicators Trend Trading Strategy (NITTS)?

So, for the benefit of Chris and others…

The truth is you’re already late joining the party here in that the Short entry on the 1 hour chart at least, triggered on Monday – This is shown on the chart below.

Anyway, it is late to join in but it is still possible to do so – Especially for those of you following Nigel’s view after that Bearish Reversal candle he identified on this weeks weekly chart.

The Entry and Initial Stop are, again, shown in the chart below (this assumes a new high is not made before that low is broken, if it is, adjust the Initial Stop accordingly).

Please, please, please – Do not consider taking this trade unless you have a copy of and understand the No Indicators Trend Trading Strategy (NITTS).

Join In The EURGBP Short 17-04-16 Chart

Hope it helps Chris.

All comments welcome…

The No Indicators Trend Trading Strategy (NITTS)
Can Be Applied To ALL Instruments On ALL Time-Frames
It is included in our comprehensive Pro Membership package available HERE

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.