Hello again!
For a person who doesn't like writing or typing, I'm strangely drown to this weekly column. Perhaps it's because as soon as I'm done with this "chore" I'm free to engage in other trivialities? No, let me assure you that's not the case. As a matter of fact I developed certain fondness for this weekly ritual and the reason is very positive feedback from readers. Yes, surprisingly enough, there are a few people out there who claim to like it. To all those people I say very humble "THANK YOU"! And those who don't like this column, well, your opinions are always welcome also. If you ever have anything at all to share with us feel free to send as an email at info@spectrumforex.com .
And remember, we NEVER send unsolicited emails. That means we only send information requested and do not continue to annoy you with anything else. That we promise.
There are BIG changes on the way. The management of our company has changed and it was decided that expansion in internet services is needed. Starting next week you will see a new website, with extended offerings. Current plans call for 4 different systems covering all time frames, most currency pairs and individual interests. They will, however, all target traders who don't have time or inclination to spend all day in front of computer. No on the fly trades! Anyways, you'll see next week!
Both of the systems we trade on these pages were flat last week. That leads us to believe that market conditions are changing and with them performance of our systems.
System 1 made 2 pips last week. Go here to see all trades.
System 2 lost 2 pips last week. Follow this link to view the details.
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Discretionary trades.
Our recommendation from last week broke out nicely. EUR-AUD was bought at 1.6975, currently about 60 pips in profit. Remember, our target is 1.7200.
Here is a look at our trades in USD-CAD and EUR-CAD. Once again these trades were entered as long or even longer term trades. They are currently both in positive territory. USD-CAD after some jittery moves this week is +75 pips, EUR-CAD is 135 pips in positive. We are holding out for more. Here are the charts. |
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| 75 pips positive. |
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| So far 135 pips ahead. |
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Time review some longer term recommendations we did on NZD. In our column on 08.13.2006. we analyzed NZD and suggested two trades. One was long NZD-JPY and the other was NZD-CHF. To date both of these trades reached and exceeded their respective targets! Our target for NZD-JPY was 77.50 from 73.50, for a profit of 400 pips, while NZD-CHF target was 0.8150 from 0.7800 for profit of 350 pips. Like I mentioned, prices went beyond targets! Remember, you saw it here first!
Black vertical line on charts indicates where the recommendations were made. |
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| Target of 77.50 reached, 400 pips profit! |
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| target 0.8150 reached, profit 350 pips! |
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Next week's trades.
Here it is, a very simple trade. At the opening we are going long USD-CHF, probably at 1.2360-70. First target will be 1.2500. Long term target is 1.2900.
Have good trading and see you next week! |
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| First target 1.2500, long term 1.2900 |
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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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