Hello once again!
Summer has finally arrived in these parts, World Cup is in full swing and we made some decent money last week! Life is good, for now at least. In the World Cup we are into the elimination round so the emotions and tempers are going to reach new highs and the whole event will climb to next level of excitement!
Back to task at hand our old Forex market. Here is what happened in our systematic trading.
System 1 had a good week and produced +127 pips, which makes it's monthly total at +95 pips. To see it trade by trade follow this link.
System 2 lost -7 pips last week, it's total for June is -91 pips. Click here for all details. |
Discretionary trades.
As you recall over last few weeks we featured trades if following currencies USD-JPY, GBP-JPY,USD-CAD, and CHF-JPY. I will update them all today with the exception of GBP-JPY. We want to take a closer look at that cross next week.
Here we go, USD-JPY. Our target of 116.00 was reached we pocketed +300 pips! We are out of this currency cross for now but waiting for another chance to go long. |
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| Target of 116.00 reached. 300 pips profit. |
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| Next in line is USD-CAD. We are very excited about this pair. Or current long position is showing +160 pips profit with a target of 1.1500. We have additional BUY order standing at 1.1290. In fact we we'll likely revise our target higher. But one thing at a time. We'll keep you posted. |
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| Target 1.1500. |
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| To conclude the recoup of our latest featured trades we must mention our long trade in CHF-JPY. Just like we saying, this a slow developing trade and currently we are about break even. We maintain this position with our original targets intact. First target 95.00 and possible second 97.00. |
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| First target 95.00, second 97.00. |
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Let's take a look at EUR-CHF for the coming week. We feel there is a worthwhile buying opportunity here. We have a standing BUY order at 1.5660 with a target of 1.5800. In our view it's high probability situation so we decided to share with you. Move under 1.5450 cancels trade. |
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| Buy order at 1.5660 with a target 1.5800 |
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| To conclude this week's comments we'd like wish everybody great trading and fascinating World Cup! |
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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