What a hairy morning!! EURJPY and GBPJPY both rose about 100 pips in 45 minutes by from 10:30 to 11:15. These spikes made trading too hazardous. The fragile, volatile conditions prevail at the moment.
I did manage to scalp 12 pips of a buy signal in GBPUSD, so overall made 32 pips today (1.6% on capital). I didn't see the point in risking more at 11:15 after such spikes; Mrs R was calling. However both of those trades would have produced winners.
It seems the markets want to go higher but all based on short sharp impulse buying. That can result in short sharp impulse selling just as easily. I'm happy to retire with arrows in my hat for another day.
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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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