As mentioned earlier, NFP day is the one day in each month that I prefer not to trade. Experience has taught me it can be a nightmare. Today was no exception; tight range trading, which makes whipsawing between losses very likely. Also, today we had the excitement of Microsoft announcing at 11:30 it was going to buy Yahoo. That put all the yen carry shorts up the creek!!
In the circumstances, if you were desperate to trade today I would have recommended you to take 1st trades only (as the morning wears on it gets closer and closer to NFP!). That will all be explained at the seminar. From the charts, you would have won on 2 out of 3 from S3 System I and 2 out of 3 from S3 System II. That would equate to £100 profit on each system. If you were silly/greedy and carried on trading all morning, you would have lost about £200 on each system.
Make a mental note out there; on NFP day either take the day off or cut your targets/trades.
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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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