Jeff’s Note: On Wednesday at 8 p.m. ET, I’ll finally reveal how you could book a decade’s worth of gains in just days… even in a bear market.
A 12-day window is quickly approaching to create one of the biggest money-making opportunities in 14 years. And if you position yourself before it reaches the market, you could book a decade’s worth of gains… without touching options.
It might sound like blasphemy to some people because of my reputation as a trading expert… but I’ll let you decide for yourself. Click right here to join me.
And below, read on about how our analyst Imre Gams made a quick profit in this unique market…
The U.S. dollar holds a powerful position as the world’s reserve currency.
As a result, it’s the most widely traded currency in the world…
Meaning that if you’re trading the dollar in the forex market, then there’s going to be plenty of liquidity to go around.
And when paired with the Euro, it’s estimated that EUR/USD trades $2.1 trillion in volume every single day.
So, all that liquidity makes playing both sides of the EUR/USD market very easy.
Whether you’re going long or short this currency pair, you’ll be able to exit your trade without any issues.
And that’s exactly what I wanted to take advantage of when I made over $1,500 in just six hours on August 10.
Let’s look at a chart of EUR/USD to see what I was looking for…
This trade was a great showcase of how one of my bread-and-butter setups – the triangle pattern – can deliver big gains.
Triangles are classic trend-continuation patterns, and I’ve used blue trendlines to draw the pattern on the price chart.
Whenever I’m looking for a triangle to trade, it’s important that I first see a strong move either up or down in the market.
Notice on the chart how there was a strong move higher in EUR/USD before prices started to trade sideways to form the triangle.
Once I have the strong directional movement, I look to trade a breakout of the triangle’s trend line.
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This is very important – I will only trade a triangle’s breakout if it’s in the same direction as that initial strong move.
So, if the EUR/USD triangle broke down instead of up, then I would have passed on this setup.
Fortunately, the triangle broke higher and prices shot up very quickly.
In only about six hours, I was out of the trade for a $1,560 gain. And this is just one of many winners I’ve had.
I’ve been testing this strategy extensively in the forex market over the last few months… and it’s proven to be highly effective in the current market conditions. We’re currently 12 for 12.
I can’t wait to share this strategy with you in just a couple weeks when I launch my brand-new forex trading service.
Until then, I’ll continue sharing my most profitable forex ideas with you here.
Happy trading,
Imre Gams
Analyst, Market Minute
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