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[5Percent Growth] Update on the GBPUSD Interest Rates Decision

Yesterday we gave you a heads up on the British Pound News Event Trade. Interest Rates Decision by the Bank of England. Now, I'm not gonna talk about what the BOE decided or what they intended in fact even up to now I don't know what decision they took. Why? Because I don't care. All I care about is how to benefit from it if it effects the market and there are moves.

Well, lucky for us, we managed to take 5% profit on this trade using Snorms News Trading EA [More Information Visit www.for-exe.com] Thank You Steve

I'd like to thank Steve for his efforts and sending me a message to remind me about this event.

We set targets which were at 5:1 Return Risk but price went 4 times over it. One of our Members of Our Skype Live Trading Group, @Darren the Danger Mouse managed an 18% trade [Well done Darren] others were around 5-10%. Kyle took 200 pips that's 21% Growth. Well done kyle nice $600plus profit within 2 minutes of hands off trading.

Now I don't know about you, but for me such growth figures are good for a YEAR if not a quarter or a month. Now next will be FOMC on the 27th and then the Next Months NFP.

This account is up more than 65% this year trading only 3 times a month. 

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Objective 1. Understand Elliott WaveObjective 2. Count Elliott Wave within 10 SecObjective 3. Learn how to use AO
Objective 1


What is Elliott Wave? 

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Count Elliott Wave in 10 Sec

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The most important thing I learned few years ago was that the market was a wave. Well not the market, but the charts that we look at. It always moves in waves. Someone actually named them after themselves but we don't really need that lovely name (Elliott Wave). Because we don't need to complicate things.

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