Welcome everybody,
April came to an end marked by strong moves against the dollar. As we all saw U$D lost ground across the board. Especially strong moves in USD-CHF.
We close April on a positive note, the months made us money. However, we made money in first week of the months, followed by two weeks of losses and a break even week. On balance we made a few pips in April so we are content (never happy ha, ha) and move on to May.
There is some news to report. Our signals are now available for auto trading through a company called fx-auto. com. Please visit this website http://www.fx-auto.com to get all the details. We will cover our cooperation next week, together with some changes to our own website.
Please note: our partnership covered only part of the month so monthly results as report by us are different than monthly results reported by http://www.fx-auto.com. This situation will corrected in May as they will be monitoring our trades entire month.
Anyways, here it is;
System 1 made 1 pip this week which brings our April result to +92 pips and year to date total to 262 pips. Go here for all details.
System 2 gained 22 pips last week, making April total at 129 pips and annual result is 246 pips. For trade by trade results go here.
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Discretionary trades.
We still carry our AUD-JPY trade which currently is positive to the tune 190 pips.
We are still looking for another 200 pips and in the meantime collecting healthy interest. Here it is. |
Also last week we suggested a long trade in USD-CHF. That trade was not triggerd as the prices never reached our BUY level and as a matter of fact fell like a rock.
Here is a snop shot of what happend. |
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| Trade not executed. |
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This development brings us to another matter. We believe that this pair USD-CHF, is ready for an upside correction. At the close on Friday we bought USD-CHF at 1.2380 and our target is 1.2930 or in other words 550 pips.
That said, it might take some time for this trade to come to fruitful conclusion. We are ready to sit on it for weeks and possible 200 or so pips draw downs. Therefore we use only 50% margin. |
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| Target 1.2920 or 550 pips. |
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| We'd like to wish everybody profitable week and good trading! |
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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