By Rob Colville on
March 26, 2013 in
All the boxes were ticked to validate a set-and-forget Lazy Trade before we placed orders to buy the cross-pair, GBPNOK on the 13h March 2013. This trade went on to make us and our clients who took this forex signal a 5.2% gain on their trading accounts….here’s what we did and why we did it:
We placed an order for a ‘buy’ with an entry at 8.5556 with a mandatory stoploss at 8.4565, enabling an ultra-efficient entry in a buy zone.
As for why, we had many reasons! We had a bullish pin bar reversal (low-test bar) at a strong level of demand (support), where we could anticipate ‘value’ for buyers to come flooding into the market after the day after the close of the bar. We also had reversal divergence supporting our long stance in addition to a whole host of other reasons which contributed to the increased probability that this cross-pair was infinitely more likely to go up than go down!
Lazy Trader clients on our forex training programme were sent GBPNOK forex signal, complete with instructions telling them exactly what orders they should place with their broker and full details on how to manage the trade in addition to where they should exit.
Risking 2% of our trading account, our buy order for the GBPNOK trade was triggered on the 14h and so too were those clients who followed this forex signal.
We held onto this long position, trailing our stoploss according to Lazy Trader rules over the next few days and exited from this position on the 25th March 2013, making a 5.2% gain on our trading account…our clients who followed our basic, step-by-step instructions which came with the forex signal, did exactly the same.
If you would like to follow our forex signals, then why not take the flagship Lazy Trader Ultimate programme for a 7-day test-drive safe in the knowledge that comes with our cast-iron guarantee: If you are not 100% satisfied then you will get a full refund…no questions asked!
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