I’m happy to announce that we entered a partnership with an investment company who will help us with a tremendous amount of resources to upgrade the TrendStuffer project, and also realize ideas that otherwise would have stayed ideas forever. I will stay as a consultant behind the project but with the addition of new members to the team we’ll finally have time to properly manage support, development, extension and trading at the same time. We have a long list of features that we would like to add in the near future. I would like to take this opportunity to thank all of you who have supported us during the past two years hopefully the next two will be even better! If you’d like to reserve your place, visit our shop and surprise yourself this Christmas with a passive income stream for the next years! Yours, Mark Gavalda

Seems to be a good morning today for us, GBP/USD is trading at new lows, but new highs in profit for us: +744pips with the last trade right now. Check the screenshot!

What a day! Despite the consolidating on almost all major pairs occasionally we go further a bit, now GBP/USD short is trading at +400pips profit! Screenshot attached, check it out! You can login to the investor account to see for yourself!

If you don’t want to login to the investor passworded account, then here’s a snapshot for you: today, Friday morning (London time) we reached a floating profit of +250pips! If you’re satisfied you can exit right now and finish the week with a huuge profit: +698pips from the last trade and +250 pips from this trade that equals to +948 pips this week only!

GBP/USD +250pips

These are the good days for short term trend traders, like the users of TrendStuffer System! We just booked +698pips a few hours ago, and currently the SELL position has a floating profit of +50pips! I will post screenshots and other trades soon.

Since last July, when the whole credit crunch started the top banks had to cut around 150,000 jobs. Analysts say it can get a lot worse after the rescue-mergers and government bailouts settle. The biggest loser of this year is clearly Citi Group: they fired 23,660 people or 6.3% of workforce, reported about $60bn (£38bn) of writedowns since the start of the credit crisis, including a $13bn writedown earlier this month.

Looks like selling $75bln wasn’t enough to stop the USD’s strengthening: “Brazil, Mexico, Russia, and India collectively have drawn down their reserves by more than $75 billion since the end of September, selling dollars to protect their currencies, according to Win Thin of Brown Brothers Harriman.” the Wall Street Journal writes. Big players are liquidating continuously their Higher Yielding Assets and this process drives the dollar to multiyear highs. General sentiment is that Fed’s proactive stance in combating the credit crisis and a possible recession puts the U.S. economy in a position to recover before the Euro Zone. That also doesn’t help those who are shorting the greenback, and there’s no reason to believe this process will change in the near future!

This couldn’t mean anything good: Reuters has the word Russia halted its exchanges until at least next Tuesday! Also Brasil down with 5% in a short period of trading today. 4 minutes left until US stocks open, there might be a slaughter I presume…

The overnight collapse of the equities left many scratching their heads and who knows where the end is. Continued selling also translates into more carry liquidation seeing investors move from higher yielding currencies into lower yielding ones. USD/JPY went down to 90.95 setting multi-year lows thus far and looks ready for an eventual challenge of the all-time lows by 79.90 set back in early ’95.