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Congratulations to our subscribers for sticking with us a having a week to remember! Our "Rainbow" service produced 1854 pips in gains last week! It's not a typo, 1854 pips! By far the best period since inception. In the process we managed to unwind our long standing GBP-JPY position and even registered good profit there. Scroll down this page and read complete explanation. Most of the trades were in JPY and USD. Why USD? When JPY goes on these periodic runs and a lot of people are dumping their positions, money is moved to USD, for the "lack" of better place to park it. That's why we've seem huge gains in USD against AUD, NZD and CAD. Other currencies as well.
But the story was JPY. We've been bullish Yen for weeks now and have been taking stubs at it for a while. This week it really paid of. Let's be frank here, we didn't expect the speed of sell off. When we recommended shorts in AUD-JPY and CAD-JPY, our time frame was 1-2 weeks, that's why the targets were so large. No, we didn't expect those 2 trades to be done in a day. Now, we feel obligated to insert following message;
Last week's results were unique and unlikely to be repeated on regular bases. It would be unreasonable to assume this kind of performance will continue.
We are going into the weekend with no open positions in "Rainbow". Monthly total for July is 2886 pips in closed trades. It's a monthly record as well and by a huge margin. How about our other services? It may seem anticlimactic, by we also had good results there. "Daily Pound" made 120 pips, while "Daily Euro" gained 110 pips. These are solid returns. Follow the link below to see all details.
Snapshots of "Rainbow" trades were posted here. Go ahead, take a look.
Thank you for all your kind e-mails!
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Here are the results we achieved last week:
- Rainbow made 1854 pips !! in closed trades;
- Daily Pound gained 120 pips;
- Daily Euro earned 110 pips for the week;
Follow the link on the right to view details |
Last week's results. |
| Our "Trade of the week" from 07.22.2007 was in USD-CHF. We had a BUY order 1.2075, with a target of 1.2180. Price came within few pips of our target and started to retrace. We decided to take profits there, for a gain 78 pips. As always, subscribers were immediately notified. We still think that our target will be reached, so if you have this position, there's nothing wrong. Go here to view all of our trades from last week. |
Our old trade in GBP-JPY from 06.08.2007 finally came to conclusion. Subscribers recall that on 07.11.2007 we placed additional GBP-JPY trade, which we call a "corrective trade", same size as original one. We do that rarely, it's only been third time since service inception that we did it. These corrective trades are NOT stand alone recommendations, but are attached to an existing trade. If somebody took it as a separate trade, that's great, you made a lot of pips. Late Friday we closed both of them, took 202 pips loss on original trade and 796 pips profit on the second one. That produced a profit of 594 pips.
We posted all of our trades from last week here for public viewing, including huge AUD-JPY trade, well, both of them. Take a look! |
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In this installment of "Trade of the week" we are taking a look at CHF-JPY. After last week it might be anticlimactic, but we have to get down to earth. We are placing a SELL order at 97.75 with a target of 97.00. All JPY crosses are likely to remain volatile, but our opinion on other crosses is reserved for subscribers.
Have a great trading week! |
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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.
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