Wednesday Summary: +9 for Sp and +10 for Dax +60 Gbp/Usd..

Good evening,

Today we executed 4 Sp operations for a gain of 9 points.  For the Sp this week, we have made 15 trades, 14 positive and 1 negative for a gain of 22.5 points or $1,125 per Sp contract with the following operations:

This morning, we made 10 points (250€ per contract) trading the Dax.  For the week, we have gained 375€ per contract and for the month of August we have gained 60.5 points (1,487.50 €).  Remember, the Dax trade is at 8 am from our Trading Room.

With regards to FOREX, today the long trade for the Gbp/Usd pair of European technique hit the target for a 60 pip gain.  As you know, while the market is week, we are only going to execute operations with the best possible risk/reward ratio.  During the last couple of USA morning sessions, the pairs haven’t moved more than 50 pips.  During the session today, the Eur/Jpy spent 7 horas in a range of 40 pips.

Regards,

Daily Market Advice

www.dailymarketadvice.com