Sunday 02.19.2006.
We are certainly glad that February is coming down to a close in a week as this has been so far as bad of a month as we have ever had. Not the very worst but a bad one nonetheless. Of course there is still a week left and a lot can happen. Enough of whining and let's look at specifics.
System 1 lost 43 pips last week, which brings our total for February to -187 pips. Ouch! For the year we are still 21 pips ahead. Go here to check trade by trade details.
Our System 2 lost 49 pips last week. Month of February so far comes to a loss of 203 pips, with year to date result being -10 pips. Follow this link to view details. |
Discretionary trades.
Follow up on our last week's trades. We are still in our longer term USD-CAD trade which is currently positive but so far the action has been stagnant.
Other featured trades were AUD-JPY and GBP-JPY. We are holding both of these positions. AUD-JPY is about 60 pips in profit and GBP-JPY is 30 pips in profit.
We are very comfortable with these trades and will continue holding them. |
Next week's trades.
There is couple of developments on which we want to act.
First, EUR-USD. We already opened a long position on close of Friday at 1.1935.
We are looking for about 300 pips appreciation in under 60 days. |
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| Target 1.2300 in 60 days. |
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Another situation is in CHF-JPY. We a standing BUY order at 90.55.
Our target is 100-120 pips gain. We see it as a high probability trade. |
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| Seeking 100-120 pips gain. |
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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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