Sunday 01.08.2006.
After the lull of previous week, this week brought some nice movements. First of all, our System 1 made 109 pips. Our System 2 made 68 pips profit. It's a nice start to a new year and hopefully a harbinger of things to come in 2006! For detailed results please visit our Services page. |
Let's review our discretionary trading for last week. As mentioned last Sunday, we went long GBP-JPY at 202.99. Currently this position is about 50 pips in the red. We continue holding it.
Just like expected there was massive strenght in EUR. We see good opportunity in EUR-CAD and entered it long at b1.4100, just like we were suggesting previously.
Our target is 1.45-1.46. |
Another entry was NZD-USD with the position being currently about 60 pips in positive. We are looking for 150-200 pips appreciation. |
| What are we looking at this coming week? We still have a standing BUY order for USD-CAD at 1.1750 looking for about 250 pips. |
| Another area of interest for comming week is GBP-CHF. Here we are simply BUYING when markets open. Our position will be a small one 1 to 1 margin, maybe even smaller. We think we can catch 200-300 pips in good time span. |
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 . |
|
