Profit Taking

Good morning,

Great to start another week of trading. The EURUSD is now coming towards nearly 280 pips in profit since shorting it and we are now locking in some profits and scaling out. Our reason for this is we are approaching a fib level that could produce a bounce (even if it is small).

We were inundated with email this weekend regarding the Euro trade with some thanks, some charity donations and also some questions on how we analyzed it. As mentioned some time back, our analysis is shown enough for our readers to understand it. Our trading systems and technical logistics are not shown as it would confuse most new traders reading this site. That said, those trying to analyze our analysis will get reasonable answers enough to take a trade. So, dont over analyze the charts and if you did and by doing so missed out on the Euro Dollar trade we highlighted last week then you have also missed out on nearly £3000 profit.


Chart courtesy of Advanced GET. Data provided by eSignal

Javid made a mistake with our mailing server last week and as a result some of you may have had duplicate emails regarding the downloadable book or newsletter. In addition some of you may have not recieved the newsletter as yet. We have resolved the issue and everyone will be getting the newsletter soon. We actually way underestimated how popular this would be and didnt account for a database size big enough to deal with the downlaoding of the eBook. Sorry for any inconvenience to anyone who recieved duplicate emails or even no emails. We would also ask if you could check your spam folder if you have not recieved any (including our automated response) email as yet since signing up. If any emails have gone into your spam folder then you need to add our domain fxcps.com to your "white list" so you can recieve emails in the future without being blocked by your spam filter.

Until tomorrow.

Forex Team

Anne and Javid