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www.forexe-books.com | Happy New Year!
With only one trading day left, 2007 is almost over. We were planning to do an annual summary this weekend, but decided to wait till the year is officially over. So, join us next week for our 2007 review, service performance score card and 2008 predictions for some of the currency pairs. Should be fun.
Early part of the week were certainly slow because of Christmas. We expected that. Thursday and Friday, however, were anything but. Very strong rallies especially in EUR and CHF. In all honesty, we were surprised by such large moves, not something we anticipated. JPY also became very active. It's very possible, this coming week will follow similar pattern.
We didn't have updates on Christmas Eve, for the next day. Our services had a quiet week, with the exception of "Daily Euro", which registered very good gains. This is the nature of trading mechanical systems. All trades must be taken as they come, because one never knows for sure what's going to happen.
Please see the results below and follow the link to see details.
We want to take this opportunity to thank all our subscribers for making 2007 a very special year and wish everybody a fantastic and profitable 2008!
Happy New Year!!!
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Here are the results we achieved last week:
- Rainbow made 50 pips in closed trades;
- Daily Pound lost 18 pips;
- Daily Euro gained 116 pips for the week;
Follow the link on the right to view details. |
Last week's results. |
Our trade from last week didn't work out, the price went the other way so, no trade.
Here is one we took. We went short EUR-CHF at 1.6640 and covered at 1.6590, for 50 pips profit. This was the highlight of otherwise slow week. |
| Trade of the week. |  |
For this coming week we are looking at USD-CHF. Our plan is to go long at 1.1337 with a target of 1.1400. If we get filled, chances are this will be a fast trade. See the chart below.
Don't forget to join us next week. We will review our 2007 performance and make some long term predictions for next year. In the mean time we wish everybody great trading.
HAPPY NEW YEAR!
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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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