Forex books!
We have wide selection of Forex
trading books, training courses,
trading systems and software!
www.forexe-books.com | Hello again!
While reporting our results for the month of October last week, we made a mistake when it comes to "Rainbow" performance. The stated outcome was 605 pips, while in fact the actual results for the month were 559 pips gain. We apologize for the mistake.
We have witnessed another eventful week. Number of currencies made new important gains against USD. Most notably, perhaps, was CAD reaching level of 0.9100 and GBP going all the way to 2.1100. Pound gave back some of its gains on Friday and USD-CAD bounced hard for over 300 pips. That made for very interesting week.
And then there was Yen. JPY staged another strong move. We were fortunate enough to be part of that move and made some profits there. Should this continue, we expect to see a strength in USD as well. Historically, when JPY is on a run, money flows heavily into USD from other currencies. Most effected are AUD, NZD and CAD. These are historical precedents but one never knows for sure if that is going repeat.
Please see our results below and follow the link to see details. Also, scroll down this page for current "Trade of the week". |
Subscribe
Services
Forex Data
Forex Bookstore
Spectrumforex Blog |
Here are the results we achieved last week:
- Rainbow made 410 pips in closed trades;
- Daily Pound lost 33 pips;
- Daily Euro lost 62 pips for the week;
Follow the link on the right to view details. |
Last week's results. |
Here is a "Trade of the week" from 11.04.2007, or last week. Set up was to go LONG GBP-NZD at 2.7800 with a target of 2.9000. Trade hasn't been triggered yet. We used daily charts, so it might take another week or two before the trade is initiated. |
| Here is a trade from last week. We had issued a SELL signal a week before, but it wasn't executed until few days ago. We went short AUD-JPY at 104.20, with a target of 102.20 or 200 pips. Good trade. |
| Trade of the week. |  |
For this new week we are looking at USD-CHF. Now, CHF like many ather currencies has had a tremendous run against USD, and not only. Over last few weeks it has strengthened considerably against EUR, GBP and many others.
We are looking to go LONG here USD-CHF. Or entry price is 1.1292 and we are looking at a target of 1.1370. If correct, trade shouldn't take very long to complete.
We want to wish everybody a great trading 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 .
|
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.
|
|
