Tuesday, August 17, 2010

Tuesday Summary: +5.5 points for the Sp & +5 points for the Dax

Good evening,

The start of this week continues to go well.  We gained another 5.5 points with 4 trades during the Opening of the Sp which means we have made a total of 11 Sp trades this week, 10 positive and 1 negative, for a gain of 13.5 points or $675 per contract.  These were the trades:



For the Dax this morning, we made a gain of 5 points or 125€ per contract.  We had gained 40.5 last week, therefore, for August to-date we have made a total of 50.5 puntos (1262.50€) for Dax trades. Remember the Dax trade is at 8 am from our Trading Room.

With regards to FOREX, the market is still lacking a bit of strength.  We only traded the European Morning technique today.  We had a stop profit for the Eur/Jpy long for a profit of 10 pips after coming to within 10 pips of the 50 pip target, and we had a stop for the Gbp/Usd where we also traded long.

Regards,

Daily Market Advice

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