By Rob Colville on June 20, 2015 in
Ever wondered how to trade EURGBP? You’re in safe hands! We will show you the exact steps we took to identify the technical set-up and trade it both keeping the risk low and ensuring we made the most profit we could.
What many clients soon discover is that we trade all asset classes in exactly the same way, using the universal method of analysing price action and interpreting the story it tells us.
Not only does our trading only take a few minutes a day, we look out for the exactly same price-action set-ups on the daily and weekly timeframes regardless of what we are trading. We have the same rules for entry, manage the trade and take profit targets in the same manner regardless of what the asset class is. Yes, we like to keep things simple! Don’t you?
Our EURGBP sell trade set-up was identified on the 8th June and our orders were then placed with our broker the following day. The trade lasted for 10 trading days before hitting our profit target, netting us a 7.2% gain on our fund.
Imagine a scenario where you can trade just one strategy which you can use on currencies, indices and commodities on just one timeframe?
That’s trading price action in the way of The Lazy Trader – keeping things simple and effortless but a big profit potential in mind.
Our How to Trade EURGBP trade example (video above) is just one example of how we can apply the same set of rules in identifying the trade set-up, managing the trade in the same manner (regardless of what the market ends up doing), and knowing precisely when to take profit. Simple.