 | Happy Thanksgiving!
Warm greetings to all! We hope it's warm wherever you happen be while reading this column. Or at least more dry then here! Rain, rain and even more rain. All that is followed by more rain still! Nonetheless life goes on, markets don't care, prices fluctuate and trades must be placed.
Speaking of trades, our "Rainbow" system was very quiet last week, with only two closed trades and one pending. This must be the least trading this system did since inception. This state of affair is sure to change over next few weeks as we see a large number of possible trades emerging. Regardless, week was closed positive.
"Daily pound " system had a good week with over 170 pips in profit. This system continues to be a strong performer for us. Results are listed in lower box and you can follow a link to the right in order to view complete results.
Due to coming holiday in the USA, we will not issue signals for Thursday unless we see some compelling evidence to do so. In any rate, subscribers will be notified before Thursday. Historically, Thanksgiving day is very slow and possibly even entire week. We will remain vigilant and ready to trade.
We hope that our readers are fortunate enough as to have their families nearby, thus avoiding the need to travel. Having very recently taken a trip down the coast, I can tell you that going through airports is an all out hassle and will only become a nightmare this coming week!
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Here are the results we achieved last week:
- Rainbow made us 81 pips in closed trades;
- Daily Pound gained 173 pips;
- Daily Euro made 24 pips for the week;
Follow the link on the right to view details. |
Last week's results. |
Last week we featured a trade in AUD-NZD. We had a BUY order at 1.1595. That order was filled . Since than the prices haven't moved much, but the trade is currently losing 40 pips. We remain in this trade. Our target is unchanged at 1.1650. Should we make any adjustments, subscribers will be notified immediately, as is always the case. Here are the developments. |
There is a number of situations under development right now. For the purposes of this column we focus on GBP-JPY. Now, we'd like to remind everybody, or bring to attention of those who don't know, that this pair together with GBP-CHF was a focus of our long term feature from 05.28.2006. We encourage you to take a look at that page and see what happened since. We will occasionally publish this kind of analysis for other currencies also.
Back to task at hand. We have a BUY order for GBP-JPY at 223.57 with a target of 224.20. We hope this trade will reach a satisfactory conclusion before Thanksgiving and provide a nice topic of conversation around the table.
Once again Happy Thanksgiving and see you 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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