Good morning Team Rainbow from Dartmoor. No snow yet.
Looking at the currencies overnight, the yen carries (and Cable) are all in tight ranges, awaiting the NFP today. In fact EURJPY has moved from one side to the other of a 50 pip range 6 times since yesterday evening. Tricky to trade this morning. If I was trading I wouldn't want to be holding any open positions at 1:30pm when the NFP comes out.
Today's economics: UK Manufacturing PMI at 9:30am, the biggy - US non-farm payroll at 1:30pm and ISM manufacturing index and consumer sentiment at 3pm.
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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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