Spectrum Forex LLC

Good day!
Glad to "see" our regular readers and welcome to all those who join us for the first time. We hope everybody is getting into  Christmas spirit. Sure seems like markets are, it's been such a slow week that one could think holiday is already here. Somebody told me long time ago that trading is 90% boredom and 10% terror. Well, that's how last week was. Most of the week it was more interesting to watch paint dry. The terror came on Friday when markets went into whiplash motion. That was a bad day for our systems but good for "Rainbow" trades. More on that later.
I'd like to take this opportunity to answer a question which is popping up quite often in emails we receive.
Generally the question is as follows: "Why don't we explain the systems we use in greater details?".
That's very simple really. This is not an educational web site but a trading site. It's possible that in the future we might offer some educational services, once we see sufficient interest. For now we concentrate on trading and system development.
Let's take a look at our systems' performance last week. The behavior of markets put us into a lull, and we missed some decent trades in secondary crosses. Our "Rainbow" system had only 2 trades and one came late in the week. That is slow. They did however had very good results.
Our remaining systems had slow week and they got hit on Friday. See the results below and follow the link to view details.

Last week's results.

Last week we suggested a trade in GBP-USD. The set up was to go short. Our entry was 1.9806 with a potential target of about 1.9300. We expected a few weeks long trade. The price did go our way all week long, albeit in a slow fashion. By the end of the week we were 265 pips in positive so we decided to take partial profit here. Or exit was 1.9541. We still maintain smaller position. If you followed us for some time, you know we do that sometimes if the price is going our way faster than we anticipated. As always, our subscribers, were notified. Here is the chart.

Next week's trade will be overseen by Dutch astronomer Huygens, featured on the now retired 25 Gulden banknote. We are looking at EUR-JPY. Very late on Friday we went SHORT this cross at 153.55. our target here is 152.80. Should we see this level in fairly short order we might look at next target of 152.00 or additional 80 pips. We'll keep you posted.
In the meantime, we wish you good week and profitable trading!