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:
Source: http://www.bloomberg.com/news/articles/2016-04-28/boj-holds-off-on-more-stimulus-to-gauge-impact-of-negative-rate
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.
ALL YOU NEED TO KNOW ABOUT TRADING!
Hi, Spencer here! 😀
After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.
As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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