Hello everybody,
Welcome back. First week of April is over,and as this has been a case over last few months the markets, especially Dollar crosses, have been choppy. Market doesn't seem to be able to sustain any kind of move. OK, you didn't turn to this page to read this kind of nonsense. That's what every financial analyst churns out by volume to impress people and justify their salaries, and what means exactly nothing. You want to know if we made any money.
This was a good week for our Systems. As a matter of fact a very good week. We started April and second quarter of the year on the right track.
System 1 made 168 pips this week, also 168 pips for April which brings our annual total to 338 pips. For all the details click here.
System 2 made 153 pips for week, also 153 pips for April and is 270 pips year to date. To view trade by trade results follow this link. |
Discretionary trades.
A brief look at trades that we featured on our pages reveals that we seem to be doing better with trades which are longer term from the get-go. Specific example is a trade we mentioned last week. Our long USD-JPY trade was stopped out for a loss of 110 pips. It was supposed to be a quick trade and , well, it was.
Our NZD-USD trade has not met our initial target of 0.6200 but is still positive and if you recall we are ready to hold it for months to come. We are not concerned at the moment.
Following snapshots illustrate both trades. |
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| Loss of 110 pips. |
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| First target of 0.6200 not yet met. |
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Now let's take a look at trades we've been holding for a while and which were to be longer term from beginning. AUD -JPY is currently about 135 pips positive and we are looking for another 150-200 pips.
Our GBP-JPY trade is 350 pips in gains our target here is 209.00. Once again we must stress that we are ready to hold these trades for some time. |
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| So far 135 pips in profit. |
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| 350 pips ahead. |
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Next week.
At close on Friday we entered a trade for next week but in reality it might take some time to work out. Here it is, we went long USD-CAD at 1.1499. Our target here is 1.2000 or there about. Once again, for these type of trades we use very little margin, this one is at 50% or 2:1.
We'd like to wish everybody good trading and see you next week. |
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| Target 1.2000 or 500 pips. |
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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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