Sunday 12.04.2005.
Our mechanical systems ended week basically flat, starting week with a nice run up and experiencing losses on Friday. System 1 was -37 pips for a week and ending the month of November with a gain of 337 pips.
System 2 lost 16 pips last week while month of November gained impressive 467 pips!. November was a very good months to follow our signals!
If you read our comments last week you noticed we still held our position in NZD-USD. We finally exited on Monday at 0.7050 for a nice profit.
Ok, our other position was long GBP-USD. As you can see from the chart, we exited with about 100 pips profit but reentered at 1.7350. We are looking for the price to reach 1.7550. |
We also featured a chart of GBP-CHF. That position is also working out nicely for us. We are still holding it . We'll keep close eye on it, protecting our profits but we are looking for it to reach 2.2950 or so. |
We also covered AUD-NZD looking for some longer term reversal. While that has not happened yet we just placed a buy order at 1.0565. If filled we will look for 200-300 pips. But one must be patient.
At the moment we don't really see any high probability trades forming. Of course that will likely change over next day or two. Weakness in JPY crosses might be coming to an end but once again, we'll be patient and wait for strong signals.
We wish everybody good and profitable week!
If you have any comments please contact us at info@spectrumforex.com |
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