Hello everybody!
Another week, month and a quarter are over. June has been a decent month for us. A word of clearance here. We had some connectivity problem with our partners at trandency.com. Therefore our results are somewhat better that what they report. However, in the interest of consistency we decided to report our results for System 1 as they do. This way we are all on the same page.
System 1 made +25 pips last week, with a total for June at +120 pips. Follow this link for complete results.
System 2 produced +94 pips last week and -2 pips in June. Go here to view all trades. |
Discretionary trades.
Out of the trades we featured on these pages there has been not many changes. The pairs we had trades in remain in fairly loose ranges for now. Here we go;
USD-CAD is currently about 100 pips in positive territory. It retreated from last weeks level. Our additional buy order at 1.1290 has not been executed. This order remains and our outlook does not change either. First target 1.1500. Here is the chart. |
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| Target 1.1500 |
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Another trade we've carried for about 3 weeks now is LONG CHF-JPY. Not much movement here, we are about +25 pips positive here. Our outlook remains unchanged, with first target at 95.00 and possible second at 97.00. |
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| First target still 95.00. |
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| Finally a trade we presented last week. We placed an order to BUY EUR-CHF at 1.5660. Our order was filled and currently we are down about 20 pips from our entry. Our view is unchanged with a target of 1.5800. Refer to chart. |
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| Our target 1.5800 |
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Here is a look at EUR-CAD. For those of you who have patience to sit on a position for week this might be a very promising situation. What we see is major bottom under development for many months now. In our opinion an upside breakout is a BUY. Once the break out takes place we believe price will move fast upwards maybe as much as 1000 pips. Here is what we have:
Standing BUY order at 1.4470 with a target 1.5200. Due to anticipated time and magnitude of the trade this will be a small position, cash value with no leverage. |
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| BUY at 1.4470, target 1.5200. |
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We wish everybody great new week, month, quarter and second halve of 2006. We hope the few remaining games of World cup will be great and then we'll move on to Tour de France. The world of sports is just like Forex: it continues on! |
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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