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!

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…

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GBP/USD went down the toilet today morning, mostly because some large players were dumping the Pound across the board. Unfortunately the buy trade left over the weekend got burnt, but the SELL following that went into +300 territory and then closed at +210 when price changed direction.

Now the government couldn’t go through with the bailout plan, the vote failed a few minutes ago. Immediate spike to the top, I hope at least some of you had some tight T/P set up for this important news event. The GBP/USD reference (investor passworded) demo account is now up to +1240 pips, fully automated! I think it’s not bad at all

Nobody knows what’s going to happen next in this mad environment, that’s why prices go up and down with a tremendous amount of force. One minute the majors are up 50 pips a minute later they’re falling sharply… Like for example GBP/USD went up last evening and now it’s coming down like it should have never gone so high or something… Interesting, I’ve never seen such high volume, the tick chart is like a seismograph during a powerful earthquake!

Update: just as I was typing this post, gbp/usd went up 100 pips in 10 minutes… Without any real reason. Oh my god…

GBP/USD broke out of that sad and annoying triangle(ish) pattern it was forming since Monday, and I hope it’s going to continue this rise now, let’s hope that USD will lose ground completely in the coming days (of course only because we in positions against the greenback right now!). Up to +211 pips right now with this buy position, and basically we’re trading at levels (profit wise) where we were before Lehman Brothers and the US financial sector went down…