We are done trading for this month. A very dismal month indeed. Market was going like crazy yet we failed to capitalize from it.  Direction was easy to tell, yet it was hard to find a good entry.  However we should have made more money had we used option to trade, we got stopped out twice by mere 30 or 100 pip or so from spot trading.  We will use more option in the future.     I guess better luck new month.

Sam

Presiden

We haven’t been give trading signals lately because market has been extremely volitile.  It is obvious dollar is strong but since market swings so much, it is hard to find a good entry to short Euro, hence hard to give trading signals.   We just want to be responsible to our readers, it is very easy to make and lose money. We rather be on the safe side and only get in at desirable levels where we feel comfortable.    For this week, we are probably not going to trade, simply because we missed our entry to short at 1.2700.  Month end is also a factor for us not to trade, usually there is volitility.   Euro has dropped quite too much and it is perfectly normal for it to pull up higher this week.  We actually want Euro to pull higher to close the month.  Next month, our direction is still Euro bearish.  It is healthier for Euro to pull higher, then drop for next month.  This is healthy movement.    The way it is going without any retracemet is a concern to us as well. It means Euro can rebound very fast and out of control.  It is better for it to retrace  this week,  then we will be able to find short entry beginning of next month.  That would be ideal, we will see how this goes. Good luck.

The way Euro is going, who knows it might possibly hit 1.15 soon.

Sam

President

We have come to realize the only way to trade Forex market is by using options.  For the beginning of the month, 1st and 2nd week, we were 100% correct on the direction of the market for Euro but failed to capitalize from it  because were were stopped out by 110 and 30 pips respectively.  We were trading spot market. As a result, we incurred 6% losses.   This week and past week, we traded using options and both week turned out to be winners.   In the future, Forex50 will trade using more options.  Since most of the times our directions are right, we should be very profitable in the Forex market.

Right now Euro is at 1.3597.  Market started the week dropping without testing higher levels. This is not a likely sceniro we would make our entry.  We need to stick to our system, therefore we will not chase it short.  We do anticipate Euro to go down this week, but we refuse to chase.  Good thing is even if Euro go down another 1000 pips this week, market will remain open next week.  One of these days we will meet our price target to get in.  We might be out this entire week. Good luck to all.  Market might reverse later in the week since it started by dropping first.