Weekly review 8/22/2010

Greetings everyone,

As we do every week, we are going to review our trades over the last week and we will start our review this week with futures and stocks.

FUTURES & STOCKS

DAX

We just completed another excellent week for both Dax and Sp Futures.  Last week, we made 40.5 points (1,012.50€) for the Dax.  This week, we only made two trades but they added up to 15 points (375€).  For the month of August, we have made 65.5 points (1,637.50€ per contract) for the Dax with the following operations:

August is not the best month to execute this technique as there usually is not an opening gap for the majority of sessions. Never-the-less this past week we executed two positive trades with some very attractive benefits. 

SP

With regards to the MiniSP, our results for this past month have been spectacular.  We executed 67 positive operations against only 3 negative ones for a total profit of 109.75 points ($5,487.50 per Sp contract).

Week	Positive	Negative	SP Points
July 26-30	10	1	19
August 2-6	18	1	27.5
August 9-13	13	0	15.75
August16-20	26	1	47.5
TOTAL	67	3	109.75

If you take under consideration that we have made these gains in August, when volumes are low, we consider these to be very good results.  And while we have market volatility, we expect these results to continue.

LAST WAVE

We did not trade this technique this past week and we probably won’t trade it until the end of August as closes have been flat and there is no force in the market to allow large variations in the stocks we would recommend. We have been trading this technique in our Spanish web since 2005 and we have never traded it in August although, this year, we will execute an operation only if we see a clear opportunity.  In other words, we won’t trade just to trade.

Therefore, we just closed ANOTHER really good week for futures:  we made 375€ for the Dax with two trades and for the Sp we gained 47.5 points this week.  The Sp gain for the month is 109.75 points or $5,487.50 per contract.

FOREX

These were our operations for this past week:

Have a great weekend.