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Welcome!
Hello again to our regulars and warm greetings to those who visit us for the first time. As you can see there have been some changes, most for the better we hope. Let's take a closer look at what's new here.
We introduced "Forex data" page. It includes interactive charting for the most popular crosses. You can do some technical analysis also. There is a ticker band also for a quick look at current prices. Scrolling down the page you find up to date financial news window, most current interest rates. There's also an economic news release schedule and another price ticker.
Now, this was compiled on one page where it can be seen without any navigating. The idea here is that this page can be a quick reminder of calendar, price check or news update. We think you will find it very convenient.
Services have been expanded by two additional services. One called "Rainbow" is pretty much a compilation of what I called here "discretionary trades". It's a service now. In addition we are offering a very short term "Daily pound" system. As the name implies it trades GBP-USD for only 8 hours a day. We've had good results with this approach. System is very potent, but before trading it we want you to take a look at past results, view the drowdawns and decide for yourself if it's suitable for your needs.
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Here are the results we achieved last week:
- Rainbow made us 200 pips in closed trades;
- Daily Pound produced 77 pips;
- Daily Euro gained 9 pips for the week;
Follow the link on the right to view details. |
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Discretionary trades.
Take a look at the charts on the right. Click on them to enlarge. These are our trades in EUR-CAD and USD-CAD. We decided to close them as we are convinced we can do better elsewhere. USD-CAD we took a loss of 12 pips. In EUR-CAD we gained 18 pips. We will keep close eye on these markets and try to reenter in the future.
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Last week we suggested to go long USD-CHF at the market after the open. We entered at about 1.2370. We closed most of the position at 1.2468, for a gain of 98 pips. We keep the balance for farther gain. Ultimate target would be 1.2900 but we will reevaluate every 2-3 days. |
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We'll look again at EUR-AUD, the only trade we have pending in the "Rainbow" system, now that the USD-CAD and EUR-CAD trades have been closed. See the graph below. The red horizontal line indicates our buy level at 1.6975. The target is 1.7200. We think this situation will play itself out hopefully over this week, maybe one more.
We hope you liked the changes we made to our website. Let us k now if there is anything else we could incorporate into our website and we will try to accommodate.
Have a great 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 . |
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