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| Happy 4th of July!
We hope everybody enjoyed the holiday and, most importantly, the day away from work for most people in USA. This year we have extended weekend, as the 4th fell on Friday. Hopefully, all of you could watch some nice fireworks show.
US financial markets were closed on Friday, in observance of the Independence Day. While Forex market was open, not much movement was anticipated. We decided to skip Friday updates for our services. All subscribers were notified last weekend. That turned out to be right decision as not much happened in the trading world. In the context of very eventful Thursday, looked like markets went to sleep on Friday.
Our services had a good week, despite not trading on the last day. Both systems showed profits of just under 100 pips for the period. Most of it was made during explosive moves on Thursday.
To see details of our trades, please follow the link provided below. |
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Here are the results for last week:
- Daily Pound made 99 pips ;
- Daily Euro gained 98 pips;
Follow the link on the right to view details. |
Last week's results. |
| Here is our trade from last week. Currency pair was USD-JPY and we were planning to go long here. Our entry was at 106.53, with a target of 107.10. As you can see from the chart below, we are still in this trade. Prices moved very little over last couple days. |
| Trade of the week. |  |
After the 4th of July fireworks, we'd like to see some of our own. It's very possible there will be some here. We are looking at GBP-USD. At this time our intention is to go short at 1.9788 with a target of 1.9680. Since Friday was very quiet for the financial markets, Monday might be volatile.
We wish everybody great trading week! |
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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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Risk disclaimer:
Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.
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