Good Consistent Trading Weeks

We had another exciting week with a 6.5% increase in our account providing us with a great opportunity to make August a great performance month.

Following is our weekly update for the best signals issued this week;
* USDCAD Buy at 1.3067 on August 1 for 63 pips
* NZDUSD Sell at 72.03 on August 3 for 63 pips
* GBPCHF Buy at 1.2865 on August 3 for 100 pips
* EURAUD Sell at 1.4690 on August 3 for 90 pips
* EURUSD Sell at 1.1150 on August 4 for 50 pips
* EURCAD Sell at 1.4557 on August 4 for 60 pips
* GOLD Sell at 1360.50 on August 5 for 2,005 pips

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We know some members did even better depending on where they locked in pips. As always, and as a normal part of trading, we had a few losers too but by keeping our stops tight, we contained those losses.

We even “screwed up” on 4 trades throughout the week with 3 of them being profitable!!
– the EURGBP Sell that was nicely in profit only to get stopped out just before we were to update moving stops to breakeven
– the 2nd USDCAD Buy for the week which then rocketed upward on Friday which we missed out on
– the AUDUSD Sell that went down 40+ pips on the RBA interest rate cut, only to rally and take out our stop, again without us locking in profits (damn!)
– and a GOLD Sell which turned out to be one of our shortest-living trades ever… but as listed above, we took another sell on Gold on Friday and it turned into an awesome trade that made over 2,000 pips in less than 3 hours!

We closed the week with a couple of trades still open including the 3rd position on Gold and we’re confident of another great trading week next week.

*** TRADE WATCH FOR NEXT WEEK ***
The Reserve Bank of New Zealand (RBNZ) is expected to reduce their rates next week so we could see some fireworks, BUT… be careful & scalp it on a sell. As above, the Aussie “should” have continued to go down another 100-200 pips on the rate drop, but in this current time where all currencies & economies have become dysfunctional, anything can happen!

If you have not joined us yet, trial our service today. We offer a 60 day money-back guarantee and we’re focused on just one thing… results. To join us in extracting pips out of the market next week, click here – http://www.traderselite.com/special

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