Wednesday 8 October 2008

Coordinated Rate Cuts & Coping Well Wednesday

I had not experienced anything like this before. It was extremely tough for the system to make money when the market swings were huge. Basically, the markets were in oscillating mode while traders digesting the implication of coordinated rate-cuts by the central banks.

The major-pairs results for this month have been reduced to almost zero. And I am still hanging on with gains from the yen-crosses pairs which are about +250 pips. Meanwhile, the results for 100-pip system were mixed for today after enjoying some good results yesterday.

Europe Session
No. of signal recommendations: 2
End-of-session results: GBP/USD (-70 pips) & USD/CHF (-30 pips)
Maximum potential: + 50 pips

US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (-70 pips)
Maximum potential: + 40 pips

100-pip System

No. of dynamic entries: 2
Potential profits
GBP/USD out
EUR/USD (+40 pips minimum target hit)

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