The 1992 British Pound Crash Lesson

While reading a biography of George Soros back in 2010, our Lead Trainer Mat Barnes was fascinated by the story of the British Pound crash of 1992. The story – which had been picked up by newspapers and later confirmed by George Soros himself – was that George Soros had made a billion dollars in a single day of trading during the British Pound crash. Naturally, Mat was intrigued, so he went and looked up the crash in his ProfitSource software. Sure enough, the British Pound had collapsed in 1992. Now, Mat is the first to admit that he is not an economic expert and that he would not be able to use economics to call a similar crash in future. However, he decided to apply his Safety in the Market techniques to the crash to see if he would have been able to call the crash before it happened. His conclusion was that everything you needed to know to be confident that the market would crash was contained in David Bowden’s Number One Trading Plan manual, the second half of the Active Trader Program. And that’s where this lesson comes in!

In this lesson, which Mat presented at our 2016 Gann Fast-Track Seminar and our 2018 Power of Price Seminar, Mat steps you through the seven and a half year bull market that culminated in the massive crash in September of 1992. At each step along the way, Mat shows you how the forecast came together, and when you would have been able to identify each piece of the puzzle. The end result is that you end up with a series of steps to follow that can help you call the end of major market moves, either up or down. The setup took a full seven and a half years to unfold, but it was worth the wait when the crash occurred. In Mat’s experience, no student has ever looked at this lesson and still believed that markets are random.

Includes:

27 Page PDF Booklet

Webinar Presentation

You must be an owner of an Active Trader Program to purchase this lesson

Please Note: 

This lesson is the same one covered in the Power of Price Event.