More Profits As the Pound Plummets

As the world wonders what will happen following Britain's decision to exit the EU, many are talking about the descent of the pound and how far it might fall. I don't know how far it will go but in the meantime I'll be shorting as it goes.

In last weeks outlook I said that Sterling was likely to continue falling and I posted a few opportunities in the members area.

Whilst most people are talking about how the pound fairs against the dollar, the charts showed me potential on other pound pairs. Here's a few examples.

GBPCAD - Short

2016-07-01 GC Short H1

2016-07-07 GC Short H1 result

GBPJPY - Short

2016-07-01 GJ Short H1

2016-07-07 GJ Short H1 result


As you can see from the screen shots above, we're having a good time with shorts on the pound at the moment. That's well over 1000 pips on these 2 trades alone. This is from my short term account. I took the exact same trades on my long term account too. I also shorted EJ as I'd planned from last week too but that trade is still open.

Making profits during a market crash, or any other time is simple once you you know how to read the market.

If you'd like to get in on trades like these then all you need to do is sign up.

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  1. Kim on February 15, 2020 at 12:18

    Very interesting Joe, I’d love to learn to trade like this!

    • Joe Wright on February 23, 2020 at 20:27

      I’m glad you found it useful I can definitely help with that.

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