Spot Forex Trades

25pips GBPUSD Mission Accomplished

Tue, Jul 1 2008, 08:17 GMT
by Anthony Samaha

ForexSurvivor


ForexSurvivor

Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.

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25pips GBPUSD Mission Accomplished.

 

A.        (01 July Europe) Latest Impact: Equity to base

 

Equity’s turmoil for now is sufficient after ‘closing books’ and ‘earning reports calendars for the first ½ year showed a concern for the health of the financial system. Investors’ fears of prolonged financial turmoil as blue-chip downgrades sent European and US shares into a tailspin and oil prices jumped above $143 a barrel for the first time in the second quarter of the year. The renewed troubles in the financial sector threaten to intensify after mid July and extend the credit squeeze in the real economy.

 

The skewed risk into July is for equities to at least retest and possibly probe below their current 2008 lows (Dow Jones already did). You have heard it said, "Buy when everyone else is gloomy". The market won't rise until all the sellers are eliminated.

 

This is the most sophisticated pattern season for trading (Q3) and there won’t be an actual financial relief before Crude Oil forms a concrete and unbeatable ceiling. When that will happen is not a question, but rather, why it should ceil its price becomes a more generous question.

 

 

B.         Signal

Dow Jones: Long Dow Jones after the release of NFP on Thursday by 2 hours 20mn. TP 77pips

Limit Order Valid till 00 Jun

 

 

C.        Mission Accomplished:

25pips GBPUSD Mission Accomplished. Reminder: Long GBPUSD @ 13:45GMT on 30 June. Position triggered at 19939 (Weekly Weekend Newsletter).

Position(s) Closed

 

 

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

 

 

Published on  Tue, Jul 1 2008, 08:20 GMT

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