A perfect trading opportunity came out of nowhere

Out of the blue, a low-risk trading opportunity arose in the euro market. John C Burford reveals how he played it.

On Wednesday, I decided to trade the EUR/USD, having believed on Monday that there were no low-risk opportunities. How wrong I was on Monday!

Here was the position on Wednesday morning:

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.