| Welcome!
We sincerely hope everybody had a nice holiday. For those of you outside USA, you should have enjoyed that day also, as basically there is nothing happening in thy world of Forex then. There was however plenty of action both the day before and after. And I don't mean in the stores. Just in case you don't know, the Friday after Thanksgiving is the biggest shopping day of the year. Most of the stores opened at 5 in the morning!!! I was sitting in front of computer, winding down our operations for a week, taking some notes and turned CNBC on. They had some guy on whose goal it was to be first in line to one store or another. Last year he wasn't first in line, so he planned all year how to achieve this lofty goal. Are you kidding me?
On top of that he didn't know what he was shopping for, he needed to see deals first. Hey, buddy! Congratulations!
Back to business. In spite of different trading pattern this week turned out to be very good for us. All three of our services realized strong gains. After couple of weeks of relative quiet, "Rainbow" had a lot of trades.Of the top of my head I think this has been our best week since we went public with the system.
We took 365 pips in closed profits this week! We go into the weekend with 2 opened positions.
Dollar took severe beating last few days. We expect consolidation and some reversal over next 1-2 weeks.We will try to position ourselves to take advantage of that. |
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Here are the results we achieved last week:
- Rainbow made us 365 pips in closed trades;
- Daily Pound gained 117 pips;
- Daily Euro made 94 pips for the week;
Follow the link on the right to view details. |
Last week's results. |
Time for a review of the trades we featured on these pages over last couple of weeks. First, a trade from last week. We were looking at GBP-JPY. Our BUY was at 223.57. This trade was executed at a price intended. Target was 224.20. Price didn't quite make there at first attempt, so we decided to close trade at 224.08. That produced a gain of 51 pips. As always, we informed subscribers of closing. Next day price reached our target levels anyways. See first chart.
Next chart shows our featured trade from 2 weeks ago. That is AUD-NZD which we entered at 1.1595. After moving against us, the trade is basically at brake even. Our target remains 1.1650. |
Take a look at the chart below. The currency pair is GBP-CHF and we are viewing somewhat intermediate term chart. Here is what we did. On Friday we went long at 2.3380. Our target here is 2.3600. It's possible that the sell off, or the CHF strength, isn't quite over yet. This trade is intended as a longer term trade. Our models indicate 2-3 weeks time frame. We encourage small leverage here. Probability of being successful is high but one must be willing to accept some draw downs.
We'd like to wish everybody good trading week, lots of pips and see you next weekend! | |
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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