 | HAPPY 4TH OF JULY!
Here, in the USA a holiday is a couple of day away. A day off work for most people. We suggest to take a break from trading and go join the festivities or create your own. We don't expect much movement that day, but somebody will be here, crunching numbers and perusing the charts. Just like always.
June has come to a close and with that it's time to review our results for the second quarter and first halve of 2007.
"Rainbow" system has had a steady year until the second part of May, when we had the worst stretch since this service was launched. Tough times lasted 4 weeks and we took some losses there. However, the system recovered very nicely in the last 2 weeks of June with last week being the lat week EVER. "Rainbow" made 705 pips in closed trades. We must point out, that we had an unusually large number of trades during those 2 weeks, a situation which is not likely to continue.
Despite rough start in June, we closed the month with 859 pips in profit from closed trades and 6475 pips since the beginning of the year. We still have one open position.
Just a reminder, leverage trading this system is very low.
"Daily Pound" and "Daily Euro" results year to date are very good. Comparing to previous years we are a little better then annual averages. We will be very happy if they continue like that for the rest of the year. "Daily Pound" closed the month with 199 pips in gains and 1452 pips for the year. "Daily Euro" produced 157 pips in June and 920 pips since beginning of the year. Both of these systems employ higher leverage.
We updated our detailed tables for all services, including performance graphs. Follow the link below to view them.
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Here are the results we achieved last week:
- Rainbow made 705 pips in closed trades;
- Daily Pound lost 36 pips;
- Daily Euro made 44 pips for the week;
Follow the link on the right to view details |
Last week's results.
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Our trade from last week didn't happen as the price never reached the entry point. Nonetheless, later in the week we went long EUR-CAD, and took 82 pips out of that. This trade was in our "Rainbow" services. Notice that wicked action on Friday. More on EUR-CAD farther down this page.
All of our "Rainbow" trades from last week can be viewed here. |
Here is another of our "Trades of the week". This one was posted on 06.17.2007 and finally it was triggered few days back. Set up was long EUR-AUD at 1.5980, Target 1.6080. We were somewhat lucky here as we caught a core of the move after which the price promptly retraced.
We are posting the remaining trades from last week here. |
We are going to stick with our pick from last week. We managed to make some money in EUR-CAD, even though that was not exactly the same trade we thought of. We have a BUY order at 1.4460 with a target of 1.4600 or 140 pips.
Have a great trading week and a fantastic holiday! |  |
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 . |
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