Good afternoon.
As we do every weekend, we are going to analyze the market and review the success of our techniques over the past week, month and year to date.
OVERVIEW
For the first two months of the year, for MiniSP trades, we have earned a profit of 68.75 points per contract, which is the equivalent of $3,237.50 per contract, in spite of the fact that February has not been a good month, a fact we will analyze later in this review. The gains from February were so poor that they impeded us from reaching 100 points for these first two months which is our goal if we are to arrive to at least 150 points for the trimester. The Morning Technique gave us an especially poor performance, even though during 2009 it was one of our best techniques. Now, as you can see, we can hardly operate this technique basically because the SP Futures is not active during normal market hours.
With regard to Forex, we have also had a complicated start of the year with only 230 pips of gain in these first two months which, as you can see, is substantially inferior to the profits we had in earlier months. We will review the possible reasons for this later on in this document.
In any case, we would like to make it clear that our techniques are solid yet we can’t produce miracles. We simple try to do a good job and, above all, we ensure that our subscribers don’t lose money. It is normal to have drawdowns. In fact, we have had them for several our techniques since at the beginning of the year. None-the-less, our balance is still positive and we haven’t registered an overall loss.
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