Good morning Team Rainbow from a blustery rain swept Dartmoor. Is the snow comin'?
The Fed caused a massive whipsaw, up nearly 300 on the Dow and then back down again to close down on the day. Looks ominous. Remember what happened when the Fed slashed rates to 1% in 2000 (the dotcom bubble) to stave off recession; the stock markets bottomed in March 2003. The yen carries have understandably gone back to the map to make sure they took the right turn; can't find the signpost at the moment.
Today's economics: US Core PCE and personal spending at 1:30pm and Chicago PMI at 2:45pm.
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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.
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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