Greetings First Strike Traders,

We have several updates for you today.

First, the markets are highly stressed as a result of the Greek referendum vote yesterday which resulted in a resounding NO. As many know, when the markets are in this kind of chaos, we simply go on the side, stop trading, and wait for it to rebalance. More on this a bit later.


Below are a few trade log screenshots from the week before last and the last few days. This was the first time that our automated Fx Synergy software was used for our live client accounts. And while the markets have been unduly stressed and trading was challenging overall, we are humbly proud of the results.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
(Please see the expanded disclaimer at bottom of Blog)

Please note the preponderance of wins (green) vs. losses (red). 

These are the results that our Master Trading Account generated, which fed our many client accounts around the world. As soon as the markets calm down, which we expect in the next few days, we will resume live trading in client accounts.



Below is the update we sent out yesterday to our active traders:

July 5, 2015

Market update to clients.

As most of you are aware by now, Greece voted “No” today, and rejected the Euro Zone financial re-structuring offer.  The no vote has once again thrown the financial markets into chaos, with extreme gaps on the open a couple of hours ago.  The markets will remain extremely “Risk On”, as I discussed last week.  I am going to stay out of the market tonight and for the first hour or two of the New York open.  We will likely see some extreme reactions by the banks and large traders as their respective markets open.  With the vote now over the markets will at least be able to adjust to the financial realities facing the Euro Zone. 

Look for a new profile and new signal service update tomorrow morning after the New York open.  Remember, smart traders only trade in markets that they understand.  Otherwise, you are just gambling.  Go to Las Vegas if you want to gamble.  You will still lose your money, but at least you will get a nice vacation out of the deal!  Let’s look for strong trade setups this week.  We should get them if we are patient and extra vigilant.

Happy trading!

Forex Contrarians, Inc. and First Strike Trading