This past month, I delivered over 1,500 pips of profit for the month of November.
for myself and hundreds of Pattern Trader members around the world.
For every one lot contract that means $15,000 in your account.
If you’re wondering how that’s possible, it’s primarily been my recent calls on the GBPNZD currency pair that made it all happen. I believe the British pound against the New Zealand dollar could be the trade of the decade.
So I’d like to give you an update on GBPNZD right now, plus another red-hot pair that’s ready for a big move too.
But before we get to that, let look at something that’s very important about good trading in general …
See this screenshot of a recent news article?
They had nothing but bearish things to say about GBPNZD and why the pair was doomed to go nowhere but down … down … down.
The cited reasons including a hung parliament, further political uncertainty, rapidly rising inflation, and the state of the housing market amongst others.
If you read that article and decided to trade based on these mainstream media facts and opinions, you would have shorted GBPNZD instead of going long.
Fortunately, I knew better. Here’s why:
I haven’t been shy about shouting about going long GBPNZD all the way back to last October.
Because that’s when I noticed the double bottom price pattern I’ve drawn for you on the weekly chart.
A double bottom is a major reversal pattern. This was confirmed when we went through the neckline at 180 — at that point, I knew we were off to the races.
We got another kick at the can when GBPNZD circled back, retested the 180 neckline with a rounding bottom and then cleared 180 again.
Now we’re sitting well above recent resistance 190. Last week there was a nice little inside range bar here, a little coil that’s poised to spring for higher prices soon.
Here at Pattern Trader, we’re ready for the next move. We’re already holding three positions: one long for the daily subscribers and two longs for the weekly subscribers.
I don’t think we’ll be waiting much longer for some serious bullish action.
That’s because the volatility is starting to increase. We recently had a 500-pip range bar, then the week before last was also around 500 pips. Volatility is really stepping up and that spells big profits ahead.
So I’m putting my stops fairly wide. I don’t want to get prematurely jerked out of this on a sharp downward move.
In fact, I wouldn’t be surprised to see further activity where we test the downside at 190 again before again, inevitably rising higher.
If you’re an aggressive trader put a buy stop above the high from last week. But be aware the market could trade up to hit your order, then perhaps take out the low before rising again. So be adept and careful and keep your stops relatively wide as I anticipate the volatility (and trading range) will start increasing markedly going forward.
You don’t want to miss this one, because this bull move in GBPNZD is far from over. We’re almost certainly going to see more “legs” in this massive bull-trend in the weeks and months ahead.
Now for my other pair which I think will be red-hot in the foreseeable future. Just like GBPNZD, it pairs two currencies with “home regions” completely around the world from each other …
EURAUD: Another Candidate
For A Big Bull Run]
Due to US dollar weakness, the Euro is likely to strengthen in the near term.
Meanwhile, both the Australian dollar and the New Zealand dollar will be lagging. So, we can expect a strengthening of the Euro against the Australian dollar.
Especially when you take into consideration the very recent and very exciting developments in this pair.
We could easily see another 1,000+ pips in EURAUD if things go as I expect.
Several months ago, this market broke in favor of the descending wedge (a descending wedge is characterized by a sloping downtrend line that connects all the weekly highs against a horizontal line that connects the lows).
And initially we got a fake-out to the downside. But many weeks ago a breakout above the descending wedge busted the pattern and indicated a possible bullish future.
This was confirmed by a bullish key reversal where prices made a new low and close on the high. Ever since that point, EURAUD has been hugging an ascending line
And now we’ve broken above the recent ascending triangle which has been containing the price until now. EURAUD is poised for bigger and greater moves ahead.
Especially when you see we have an inside bar right at the apex of the breakout. An inside bar indicates that energy is being “stored” for an explosive move in the future. Think of a beach ball held underwater and suddenly released. It shoots up into the air, and I think that’s exactly what’s going to happen in EURAUD very soon.
I Do It
My confidence in making these trades is based on my analysis of very simple price patterns and the enormous moves they predict.
I scan about 30 different instruments on a daily basis to determine whether or not I have a trading opportunity with suitable risk/reward criteria.
Meanwhile, I don’t define myself as a swing trader, a reversal trader or a trend trader. All those are potentially very limiting. (Instead I surrender to the will of the market and play what’s in front of me.)
That being said, I’ve found the biggest money is made on big market turns when the market reverses from one direction to the other. See GBPNZD (and soon EURAUD) for excellent examples of this.
These kinds of moves tend to catch a lot of participants by surprise, including the mainstream media as I’ve pointed out.
But if you know what to look for, the market has a way of indicating — or pointing — when and where it’s about to make a turn.
If you can identify these market swings before they happen, then you’ll always have a distinct advantage over those traders who can’t. You’ll also make a lot of money.
In fact, over the last year we’ve pulled in well over 9,000 pips.
For every one lot contract that means $90,000 in your account. Even small accounts could have brought in over $9,000 or more.
Throughout my 36 year trading career I built my reputation on identifying exactly those kind of price chart precedents and taking advantage of them before they happen.
The patterns I look at are nothing revolutionary — they’ve been well known for a long time. But must traders have never learn how to use them properly.
If you like me to help you identify and capitalize upon moves like this, then see for yourself exactly how it’s done as a Pattern Trader. Prepare yourself with my LIVE 2-Day Bootcamp where I’ll demonstrate exactly how to make currency trades just like the ones I’ve outlined here, including my “Lazy Trader’s” 5-step execution plan that’s pulled in more than 9,000 pips in the last 12 months.