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Just like that May came to an end. It's time for monthly summary of our services.
On balance the month as a whole hasn't been bad, all of our services ended it in positive territory. "Daily Euro" ended May with a gain of 178 pips and is 724 pips in profit since beginning of the year. "Daily Pound" produced 148 pips for the month and 1220 for the year. "Rainbow" registered 846 pips in closed trades last month and 5616 year to date.
In the spirit of full disclosure we must point out however that all the gains were made in the earlier part of the month. Last 2 weeks have been very soft. Our 2 mechanical systems, "Daily Euro" and "Daily Pound", have been churning water and are break even for the period. That is, of course, nothing unusual for mechanical systems, and is to be expected periodically.
"Rainbow" has also been under performing for last 2 weeks. Last week there were no new trades open and we still carry couple of trades from previous week. Both are losing trades at this moment. We haven't seen the set ups meeting requirements of this system. The set ups we had identified, were not triggered and needed to be cancelled. Overall, a weak stretch.
Our full results pages have been updated, including performance graphs. Last week's results are listed below and you can view complete details by following the link provided. |
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Here are the results we achieved last week:
- Rainbow made us 0 pips in closed trades;
- Daily Pound earned 1 pip;
- Daily Euro lost 3 pips for the week;
Follow the link on the right to view details |
Last week's results.
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Here is a trade we suggested last week. We went LONG USD-CAD at the open on Sunday. Since trading platforms open at different time, the entry price was likely a little different depending on the broker. This trade was stopped out at 1.0755 for a loss of 60 pips.
This trade was NOT a part of "Rainbow" service, as our subscribers were informed, therefore it doesn't show in "Rainbow" record.
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This time around we are taking a look at EUR-USD. Our set up is to go SHORT at 1.3380. Target for this trade is 1.3300. This pair has not been moving a lot lately as European currencies have taken a second seat to "commodities currencies" like CAD and AUD. We think that more spirited moves in old world crosses will start soon.
We'd like wish everybody great trading and see you next week! |  |
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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