Price Action + News Trading: 297 Pips Profits on USD/JPY in Record Time!

Last week, the BOJ surprised markets by holding off on more stimulus. But it also gave us a good chance to make some quick profits in the market.

To be more precise, it put 297 pips of profit right into our pockets.

Here is what led up to the trade, and the thought process behind it:

BOJ news 010516

Source: http://www.bloomberg.com/news/articles/2016-04-28/boj-holds-off-on-more-stimulus-to-gauge-impact-of-negative-rate

 

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usdjpy 010516 synapse network

 

2016-04-28 14.08.03

 

Next week, in my free workshop, I will be sharing more about this trade and price action strategies, and why it is the only tool used by all professional traders worldwide.

See you there! Register: http://synapsetrading.com/events/training-workshops/

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About the author

Spencer is an avid globetrotter and a brilliant forex trader who made his first million at 28, and from there started building his portfolio of stocks, REITs, ETFs, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. To date, he has travelled to over 50 countries to teach and inspire others.

 

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