Good morning Team Rainbow and I hope you are all still firmly on the second income road. The yen carry trade is finally unwinding as the perception is gaining that a bear market in equities is upon us. I hope some of you longer-term traders have made some pips of late.
I will continue to post my trades when completed as usual.
Today's economics: UK average earnings index at 9:30am, US CPI at 1:30pm, US TIC net long term transactions (funding) at 2pm, US industrial production at 2:15pm and the US Beige book at 7pm. Oh yes, and Trichet is speaking at 6:55pm.
I wonder if the Fed will announce an emergency rate cut soon. Some spark is needed here before it's too late. And it is election year after all.
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GROUP EMAIL AND SMS
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.
Newcomers essential reading
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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