 | Hello,
Glad to see everybody again. Our website hosting provider have made some improvements to website publishing tools. Unfortunately, those changes resulted in reducing viewing area by about 1/4 inch. This doesn't have affect on text, but snapshots of our charts don't quite make it into templates, they miss a margin on right hand side. In the future we will adjust our charts, but this week we were taken by a surprise and didn't have time, so please bear with us. At any rate, the graphs themselves are clearly readable, only margin is affected. Once again, we apologize for this brief inconvenience.
We had FED meeting this week. Much speculation preceded it, but FED left rates unchanged. As always, we didn't trade around that time. But it's not to say that the week was boring. Just the opposite. Tuesday, in particular was very busy and generous for us. We even managed to get out of our long standing EUR-CAD position. Scroll down this page for more details on that.
GBP-USD is giving us small headaches, as it moves in very choppy manner, which drags down performance of "Daily Pound" service. We shouldn't complain too much as it still makes money. "Rainbow" has had a very good month, with 1124 pips in closed profits so far. We have one position pending going into the weekend. "Daily Euro" had a very respectable week and is ticking along at it's steady rate.
You can see all details by following the link below. |
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Here are the results we achieved last week:
- Rainbow made us 356 pips in closed trades;
- Daily Pound earned 22 pips;
- Daily Euro gained 81 pips for the week;
Follow the link on the right to view details |
Last week's results. |
| Last week we featured a potential short trade in GBP-JPY. Plan was to go SHORT at 226.05. On our trading platform the price gapped on the opening BELOW our entry price. We stayed out as this kind of action changes dynamics of the chart. Our clients were immediately notified and a new trade was placed later that day. We went long at 228.20. This trade resulted in a gain of 208 pips. |
Our long standing EUR-CAD trade came to conclusion last week. Early Monday we went SHORT, opening position of the same size as the previous one. On Tuesday we closed both positions. Our trade from February was closed for a loss of 209 pips and at the same time we closed our second position for a gain of 188 pips. All said, we took a combined loss of 21 pips for both positions.
For long term record keeping purposes, both positions will be shown in March column. |
For the last week of March we are taking a look at USD-CHF. We think this pair presents a good opportunity to go Long. We have a BUY order at 1.2228 with a target of 1.2350. We used an intermediate term chart for this analysis so don't be surprised if the trade takes 2-3 weeks to complete.
We wish everybody lots of pips and rewarding trading! |  |
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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