There was a big spike as GBPUSD moved to 1.2840. The whole spike was done in less than 2 minutes therefore it would be impossible to trade such a spike manually. However, the FXCOT system made the scalp trade at 1.2814 and closed it 1.2821. The stop was 1.2806. All done within a minute.
Good GDP data and possible brexit deal has been rumored to beb behind the spike.
Hourly GBPUSD Chart
The Hourly charts show the spike to big resistance zone at 1.2815. Mild push above but again fell back.
Minute GBPUSD Chart
The M1 bar shows the strength of the spike. It cleared all the retail stops above 1.28 and pushed to 1.2840. You will e glad to know that FXCOT took advantage of the spike and made a scalp out of it as retail client covered their shorts at 1.2810, the system was scalping. All done. Returns for January shown below.
GBPUS SCALP TRADE EXECUTION BY TRADE COPIER
This adds returns to the already excellent month we have had in 2019. This has been a tremendous start to a brand new year 2019. The last year produced 130% return. This year has started with 8.2% return added in January already.
See the myfxbok returns for today on a client account and for 2019.
Remember this system has made >100% retur every single year since 2010. No reason not to repeat in 2019 🙂
Those who do not want to delay and start the trade copier membership, you can start by opening a MT4 account: New Application for FXCOT system
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