Hello again!
Certainly glad you could join us today!
Over last months we've had a lot of inquiries about profiling more trades, especially short term trades. We feel some clarification is due. First of all what is being published once a week is a SAMPLE only.
Next, for us to cover a lot more potential trades would mean that we'd have to publish these pages on continues bases and when would we trade? And last but not least, that would be unfair to our paying customers. Yes, this is a service, but is catered to individual trader's needs. First we need to know currencies of interest, desired frequency of trading and estimated holding period. If you want to know any more please inquire at info@spectrumforex.com.
There is however additional source of trades. To improve his questionable social skills and standings, your's truly started personal blog. As that is personal blog it contains a lot gibberish, mambo jumbo and other unpronounceables, but there are some trades profiled there. That nest of wisdom can be found at
http://blog.myspace.com/forexhusar
Our company, Spectrum Forex LLC, is not responsible for content of that source as well as possible damage to mental state of readers. Read at your own risk.
Now to business at hand. There was very little system trading last week. Vacations contributed to less then prolific week. System 1 had 3 trades and System2 only 2 trades.
System 1 lost 50 pips last, making it monthly total -35 pips.
System 2 produced 0 pips, with total for August +24 pips.
This coming week will be far busier.
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Discretionary trades.
Straight to the source. Our featured trade from last week, SHORT AUD-NZD worked out beautifully, reaching our target of 1.2100 in couple of days. That produced 135 pips!. Here's the chart. We hope you got onboard this one. |
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| Target met. Gain 130 pips! |
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The slow mover EUR-CHF finally arrived at it's destination. After teasing us a couple times and pulling back, it reached our target at 1.5800. That's 120 pips for those who count. We liked this trade, despite being slow, as the draw downs were negligible. Take a look. |
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| At last 1.5800. Profit 120+pips! |
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| And here we go with USD-CAD, which continues to test everybody's commitment to this trade. If you recall there are 2 separate positions. One is +150 pips, second -50 pips. We hold on to it with an unwavering target of 1.1500. |
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| Target still 1.1500 |
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As I promised last week, a closer look at NZD. We mentioned that we believed this currency is turning a corner after half a year of taking a beating. It's been building very nice bottoms against pretty much every currency. Looks like break outs are starting to happen now. We present snapshots of NZD-CHF, and NZD-JPY. Looks to us that strong and long bullish move is under way. It's not too late to jump on board if longer terms trades are what you're after. Estimated targets are provided under each chart. Even against USD, NZD moved higher last week, despite overall strength in USD. The rest of the year may just belong to NZD with a target for NZD-USD 0.6900.
Remember, you've seen it first HERE! |
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| First target .8150 |
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| Target 77.50 |
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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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