No new signals at 1pm. What is annoying and strangely Sod's Law-ish is that at 9am this morning there were 3 GBP-based signals, GBPUSD, GBPJPY and GBPCHF. I chose GBPUSD and this is one that now looks dodgy. GBPJPY went on to make 130 pips (1st and 2nd targets) and GBPCHF made 1st target for 30 pips. The problem is triple exposure on GBP when teh MPC minutes were coming out 30 minutes after the signals.
We are now running the risk on 2 trades that have US dollar in them with the US inflation numbers in 30 minutes. In the circumstances I am closing the EURUSD trade at break even @ 1.4185. Cancel stop and limits.
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If you wish to join me at Team Rainbow and join my online conference room just visit www.rainbowtraders.co.uk and follow the instructions. Any problems just email me at SJGrinter@aol.com and I'll sort it.
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RESULTS - FEBRUARY 2008
839 PIPS PROFIT (£6,073)
RESULTS - JANUARY 2008
870 PIPS PROFIT (£7,300)
Total return of based on a £20,000 capital account and risk of 1.5% per trade.
Total return of based on a £20,000 capital account and risk of 1.5% per trade.
About Me
- S3
- My name is Simon Grinter. I have been searching for the holy grail - a consistent second income from trading the forex markets. After many years of development, I now solely operate two morning systems, which achieve in excess of a 10% return per month. I teach my methods at seminars held periodically in London. They are fully guaranteed.
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