Spectrum Forex LLC

Sunday 12.11.2005.

Getting ready for another week of trading. Here's last week's review.Our mechanical systems had mixed results. System 1 made 68 pips profit
but for the Month of December is -30 pips mainly due to one large loss previous Friday. System 2  lost 3 pips this week and for the
Month of December is -106 pips also due to loss Friday before last. Results of our systems diverged a little bit. That just serves to show that they are not the same.

Let's take a look at what happened to our discretionary positions featured last week. First of all, we closed our GBP-USD position at 1.7550 for a gain of 200 pips. Good score.

Next on the agenda, we had an open position in GBP-CHF. We are still holding it despite an open profit of abot 250 pips. Our exposure here is not significant, leverage used is only 1:1 so we'll try and see if it gets to 2.3000.

We also featured a standing BUY order in AUD/NZD at 1.0565. As you can see from attached chart this order was filled and we have an open profit of about 100 pips. Our target here is 1.0750-1.0800 area.

Here are the charts for both currency pairs with small blue arrows indicating our entry points.

Now, here is what we have going for this comming week. Once again we are long NZD-USD. After a fairly sharp sell off we believe is ready for another move up. Our initial target is 150 pips. When, and if, that happens we will take another look and possibly hold it for another 150 pips.  Price is pretty much when we entered so one can easily jump onboard here.
Warning!  We are prepared to hold it as long as 1-2 months and there is chance for 150-200 pips drawdown!. Our exposure is 2:1.