Last week we had conflicting signals but I still made a profit. Members of the FTSE short term forecast and No Stop strategy made a profit too.
I felt bullish on GBP/USD and while I was bearish on the S&P 500 I bought the S&P and sold the FTSE. The reasoning was that if markets fall and GBP/USD rallies the FTSE would fall faster than the S&P. And if markets rallied, the S&P would outperform the FTSE.
Well, we had something unusual but positive for my account. The S&P rallied to all-time highs and the FTSE declined, perfect if you are short FTSE / long S&P. Naturally I cleaned up.
You will find why I was bullish on GBP/USD and bearish on FTSE 100 in this report I published on 10 August:
Update: No Stop strategy strong performance +41% since May
You can benefit from my research and analysis by subscribing to the No stop strategy (low leverage strategy)
This is a low leverage strategy because the trades don’t have a stop loss. The trade size is smaller than usual and I hedge some trades with other trades. Due to the low exposure I can ride an adverse move without having to take a loss. That is the main advantage of the strategy. The trades are posted on the e-Yield app in the group “No Stop strategy”. You need to download the app. In addition you will receive live updates during the day by instant messages through the e-Yield app. With this messaging app you will be in constant contact with me, you will know my view on the direction of the FTSE 100, S&P 500, GBP/USD at any time. I trade a mixture of long and short positions on the FTSE 100, GBP/USD, S&P 500 and options. Some trades are intraday, some trades are held for days or weeks. The objective is capital protection with low leverage as well as achieving above average returns.
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