Welcome back!
February is over. Like we suggested last week there is an undergoing change in the market behavior. We are starting to see bigger and more defined daily moves on market of our choice,EUR-USD, which spills over to other related crosses.
We expect this trend to continue and become more visible. Which should do good for our systems over coming weeks.
Speaking of which, we believe that our systems are beginning to turn into profitability once again. While last week was flat, that is like bottom in performance looks like.
System 1 lost 17 pips for the week, is -13 pips for March and + 12 pips for the year.
To view details go here.
System 2 was 11 pips positive for the week, is -2 pips for March and dead even flat for the year. Click here for complete results. |
Discretionary trades.
Well, our trades are showing some sign of life. First AUD-JPY has turned around and is about even , While GBP-JPY is still about -100 pips. Once again we will continue holding on to these trades as we see strong potential. |
 |
| About break even |
|
|
Our EUR-USD trade has turn around and is about 100 pips positive. We'll continue holding it with 1.23-1.24 target in mind.
The trade we featured last week, AUD-USD was triggered and currently is about 20 pips positive. Our target is 0.7510. |
 |
| Currently +100 pips. |
|
|
 |
| So far +20 pips, target 0.7510. |
|
|
Next week's trades.
We have only one situation for coming week. We have a standing BUY order for
GBP-USD at 1.7600. Our initial target is 1.7720 at which point we plan to take partial profits and keep smaller position till maybe even 1.7900-1.8000. Of course this situation might take weeks to develop. We'll keep you posted. |
 |
| Initial target 1.7720. |
|
|
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 . |
|