Good morning Team Rainbow. I hope everyone has enjoyed a good break and is raring to go. Hopefully normal service will be resumed this week. Markets are still at crossroads. I think it's fair to say that the S&P500 index is not in a bear market until 1406 is breached. To give some cushion, I would probably say 1400. The yen carry trade will probably give it the benefit of doubt until that happens but it is very jittery after Friday's large falls.
No serious economic releases today until Ozzie building approvals at 10:30 tonight.
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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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