Early in June we had entered long trades in our long British Pound in June strategy. Now comes another opportunity to enter this trade. We usually follow four entry strategies.On close of June 11th, we had issued three trade alerts. The fourth one will trigger at the close of June 27th.
We will hold this trade till mid-July. We will send an alert when the exit signal is generated. At the end of June we will buy one more lot of GBP/USD. Since 2000, this entry strategy has produced average gain of 0.5%, without leverage, in 23 days. Using 4X leverage (in Forex you can have a lot higher leverage), the average return increases to 2.0% giving an annualized rate of 31%.