Welcome back!
A little late but sincere happy 4th of July! As the holiday fell on Tuesday this year, almost in the middle of the week, that made for rather boring week. Very little movement, people in Europe are watching World Cup and Tour de France, in the USA they are simply vacationing. Well, this coming week should be much more interesting.
In light of all these happenings there was very little action in our trading.
System 1 made 9 pips and that's also the result for July.
System 2 broke even, exactly 0 pips.
Really not much else to report, so we'll go to our discretionary trades. |
Discretionary trades.
Just like in our Systems, there was very little change in other trades. In short we are still in all the trades we mentioned last week and no new were entered. There was also very little change in results. Anyways, here it is. USD-CAD our current trade is about 80 pips positive and new trade has not been triggered yet. Here is the chart. |
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| Target still 1.1500 |
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| Another one is CHF-JPY which is virtually break even at the moment. Targets remain the same 95.00 and 97.00. |
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| Target 95.00 |
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Our EUR-CHF position is same as before. Action was choppy this week without any real movement. We are about +10 pips with target remaining at 1.5800. |
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| Still targetting 1.5800. |
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| Now, here we see a promising development for next week. Focus is on GBP-CHF. We are looking for a break out above 2.2675- that's our BUY order. Target 2.2750. Unlike other trades we expect a quick resolution to this trade once executed. Take a look and decide for yourself. |
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| Order at 2.2675- target 2.2750. |
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We wish everybody a good trading week and those of you on vacation yet still checking with us - have fun!
We are sure there will be much more to report 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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