Morning all from a wet Dartmoor. Well for the moment the stock market and yen carry trade has parted company. The US S&P500 index broke 1450 last night, closing at 1439. Ordinarily this would mean further falls, however the yen carry trade has piled in on the basis that the stock market fall is the last hurrah before the turnaround. Consequently we annoyingly got a lot of buy signals overnight when we were all having our beauty sleep. For example, EURJPY was a buy signal at 4am at 160.11. It has just about done 1st and 2nd target now! I'll see if there's anything left to pick over at 8am.
Today's economics kicks off with GBP PPI at 9:30am, then German ZEW economic sentiment at 10am. The US pending home sales is out at 3pm and the Kiwi inflation numbers are out at 9:45pm for those news traders amongst you.
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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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