Good morning Team Rainbow from a cold Dartmoor. The yen carries and the stock markets are beginning to look like "crisis, what crisis?" as they continue to defy gravity. What a difference a day makes. Whilst such steep rises are dramatic, they do need to a retrace and upward resumption to confirm a bottom is in place. That said, I think 1320 - 1325 on the S&P500 is the level above which we need to stay for the close of the week to have avoided (for this week) a longer term bear market.
Today's economics: nothing, apart from CAD CPI at midday.
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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.
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- 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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