Welcome!
Hello again to those returning to these pages and warm welcome to first timers.
We have had a lot of enquires about using our system on different currencies and other time frames. Well, coming soon we will be introducing a one trade a day systems for EUR-USD, GBP-USD and USD-CHF. We will be adding them as stand alone systems. We anticipate the website to be updated to accommodate additional systems before the end of summer.
One reason for adding additional systems is less than inspiring performance of our EUR-USD 12H trading systems. This is the worst performance in last 2 years. Here is where the much vaunted patience and discipline is needed. We still believe in our systems and will continue trading them.
Here are last week's results;
System 1 lost 145 pips, is -32 pips for June and -41 pips for year. For complete results go here.
System 2 lost 169 pips, is -91 pips for June and 61 for 2006. To view all trades follow this link. |
Discretionary trades.
O.K., a look now at the trades we featured over last few weeks. First of all let's cover ou long trades in USD-JPY and GBP-JPY. Both of these trades are in a positive territory. We decided to take partial profits in both of them. And thus USD-JPY we closed half of our position at 115.05, taking 200 pips profit. We hold on to the rest of position with 116.00 target. |
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| Took 200 pips profit. remaining target 116.00 |
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| Now the fore mentioned GBP-JPY. So far trade is going our way with slow but steady climb. Here also we took profit on partial position netting +110 pips and holding the balance for 216.00 target. Take a look at the chart. |
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| Took 110 pips profit, target still 216.00 |
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Time to review the somewhat confusing situation in USD-CAD. As you recall we had a standing order to buy at 1.1285. This order has not been reached yet. We continue holding it. We did however go long at last Sunday open, as suggested in last week's update, at 1.1066. This position is almost 200 pips in profit!
Our overall target is 1.1500. |
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| Target 1.1500 |
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And last but not least a quick look at development in CHF-JPY. To recoup, our long position was open at 93.25 and is currently about 30 pips in profit. First target is 95.00 and second 97.00. As you might recall,
we don't expect a fast resolution here. |
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| Target still 95.00 and 97.00. |
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| We wish everybody profitable trading, entertaining World Cup and see you next week! |
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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