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01.21.2007

Sunday 01.22.2006.

 

Let's take a look at last week. Frankly, not much to look at.
System 1 lost 85 pips but monthly abd yearly totals are still positive 73 pips. Go here to view detailed results.
System 2 however had a gain of 34 pips making it a total of 176 pips for both month and year. Look here for details.

Discretionary trades.

Out the trades featured in previous week's installment, we are still holding on to our GBP-JPY trade. After much jumping around we are ahead about 100 pips. We continue holding it.

Another one was AUD-JPY. Last week we had a standing order which was filled but as you can see soon after market dropped. Currently position is about 80 pips at a loss. This is easily within comfort zone and we keep on holding it.

Next week.

For this week we are highlighting only EUR-USD. Amid our view of strengthening EUR we have a standing order to BUY EUR-USD at 1.2185. Our first target is 1.2400 however we might choose to hold on to it for possibly additional 300 pips. We will keep you posted.

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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