Forex books!
We have wide selection of Forex
trading books, training courses,
trading systems and software!
www.forexe-books.com
| Hello again!
Welcome back to our weekly update! Last week has been a little different than a few of previous periods. We saw a little less movement, and the moves were not as decisive as before. Case in point is EUR-USD. First part of the week brought reasonably fast sell off, only to be followed by a slow recovery over last couple of days. More on this pair farther down the page.
In other notable developments, FED chief Bernanke, offered a hint to more rate cuts, if needed. It's hard to see how much lower rates can get and we are no going to engage in any predicting here, but we believe this round of cuts is almost over.
We updated our detailed results pages, including performance graphs.
Please see our results before and follow the link for details.
|
Subscribe
Services
Forex Data
Forex Bookstore
Spectrumforex Blog
|
Here are the results for last week:
- Daily Pound made 4 pips ;
- Daily Euro gained 22 pips;
Follow the link on the right to view details.
|
Last week's results.
|
One of our earlier trades, LONG GBP-CHF. Over last couple of weeks this pair has experienced large swings both ways. Currently, our position is about 40 pips in positive. With our large target, that's about break even. We remain in this trade.
|
Another one of our trades from a few weeks ago. This one was a SELL of NZD-USD at 0.8068 . We closed it late Friday at 0.7899 for 169 pips gain. We will be looking for more trades to the downside here.
|
Trade of the week.
| 
|
We are taking a look at EUR-USD here, arguably the most important currency cross of them all. We are looking for a dollar appreciation here. Late Friday we entered into a short position . Our entry was 1.5732. Our target is 1.5350.
We wish everybody a great trading week!
|
|
|
|
Once again we must stress that the trades highlighted here are only a small sample of our trades. If you have any comments or would like to obtain more information please contact us at info@spectrumforex.com .
|
Risk disclaimer:
Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.
|
|
