trading update $$

i thought i better explain what i'm up to.



this system is returning very good results. bit to good. doubles once a week. on one hand very exciting, on the other hand realisticly at this pace it should be just a question of time before it hits a bad patch and gets margin called. so what to do?

the question i asked myself is whether it will double at least once again? and i think it will. so i've switched it onto a small live account. the idea is to let it double, take the out the start-up cash and from there draw 50% every 400%. So $1k to $2k, draw $1k, then $1k to $4k, draw $2k and then $2k to $8k draw $4k and so on. till it wipes out or doesn't.

this is one of the more exciting things i've done for a while. and this is the system that's broadcasting on twitter at the moment.

ibfx won't let me keep hedges over night, so in slow markets i will take daily losses. when this thing makes money it does it quickly in sharp bursts. does it about once a week.

it's a gamble, but i think that's ok, as long as we know we're rolling dice and not really trading for a long term sustainable system. i just don't want to miss out if it really does work.

update

humblest apologies for going AWOL for a while, here's the reason:



does't help if i keep on chopping and changing systems i post. this one represents a bit of a leap forward by the looks of it. i'll just keep working the systems, but this one does deserve a live test in the near future.

$$ trading update

fighting back hard the last few days. starting to look likely we'll end the month in profit or just below. no nfp trading any more. we got nuked last time. definitely be green before the next nfp.

bit of a shaky start to the year, but so it goes.

$$ trading update

wafting around. have a range of about 1 to 2% on balance, equity hovering around 2 or 3% change a day. activity is about 25% of normal.





basically all the majors have gone into tight ranges. nfp prognosis is not to good either. last two years all it does is cause high speed ranges. rarely do we get going after the data release.

not much else to say, just have to wait out the doldrums. long as we don't lose money, which we are not. so all good.

trading update $$

no flies over here!!

$usdcad

walking my talk.



2 hours ago USDCAD Buy 1.2 @ 1.05

trading update

flying at the moment. nice end to the year, just have to try survive tomorrow.

$usdcad

i'd say this puppy ready for a nice long, no?

eurcad

$eurcad not looking so good here. not often i see something this weak. $$



opened 9 hours ago $EURCAD Sell 1.1 @ 1.5007

trading update

yeah, getting real good results despite thin markets, new code made a huge difference.



monthly gain looking good, but have about 5% unrealized. 21% in 19 days. yikes!!

trading update

can't make head or tails of this market, so i switched systems to something intraday. it should be a steady climber, but going to take a while to trade back. in the meantime saudi should be next week. hopefully i can just leave this to do its thing while i'm there.

trading update

sorry for absence. i was at a thai wedding and after that it was paperwork to stay in thailand. trading wise nothing's changed. still losing slowly. markets just ain't budging. i'll pull the plug at 2k and wait for better conditions. very frustrating market, but at least we took 8 weeks of nothing and we're still in the game, which is a small victory in itself.

trading update

at last. bit of green. today is going to be very volatile, due to interest rate announcements. so i'm hoping for a good run. we're up 2% now for july.

trading update

right, so we do stats calender month to calender month. this is august so far, it obviously picked up from end of month july. markets have stalled again. i thought we'd get going with the break down on usd index. no such luck.

trading update

right, so we've broken the down trend and now the long haul back up starts. at this point its becoming a question of streaks. and the size of them. we haven't seen any decent winning streaks in july and august is to soon to tell, in june we had a hectic one. right now we're up 1% for the month, despite a 3% gain on monday. the failure of the usd breakout didn't really help our cause. but it's about consistency, and i think there is enough volatility in the market to keep us banking positive days.

trading update

more of the same. draw down now 22.56% we're very close to dropping that trade size. at least july is almost finished. all the pain comes from four pairs. 11 are green, but the lack of volatility in the USD is killing us. last year aug we had big ranges. let's hope we do the same thing this year, really need to pull out of this death spiral.

trading update

ibfx's daily update gone MIA, but the pain continues, we just wait it out. what is noteworthy is the increase to 20% draw down. it's getting a bit high for comfort. we should in theory reduce trade sizes.

trading update

right. day eight. streak still not broken. draw down now about 16.5%. still acceptable. but at $2500 we drop trade sizes. market volatility remains super low. twenty percent of normal. that in the middle of the worst financial crisis in the last 100 years.

daily changes

so friday was -2.87, taking our monthly gain to -6.68%. starting to get real ugly! -13.17% for the week. hope this market gets going this week at least. we'll drop trade sizes soon if there isn't a change which will slow things down a bit. but 5 days not a single winning day. strange indeed.

daily update

so that was -1.72%, taking us to -4% not as bad as I thought on the day, but day 6 and -14% overall draw down. boring! i expect about 30% at some point, lets just hope this isn't it.

trading update

the pain continues. 6th day in a row we're losing. hardly banking anything. the problem being that the dollar is trying to crack the USD index at 78 and someone keeps on buying it away from that level. so we get whipped stupid. but we stick to our guns and we trade through. should end today or early next week i hope. what's also not helping is about 8 pairs of 25 has stopped banking becuase they have taken longer term positions, but they're not really running anymore either, just slowly creeping along. a decent move will bank those and get them going again. daily loss (sic) will be published later.

daily change

there it is. seems equity caught up with balance. lost -5.34% for a total monthly gain of 0.49%. boring.

trading update

argh! the battle continues, ibfx late again, so i'll post that later, i'm hoping we get some usd action today. we don't need much but i'd love to see us go back to $3300, so we can build a base to move higher from...but we took another loss yesterday, so that's like 4 losing days in a row. new record i think.

daily change

there we go, rather late than never. so we lost -0.52% that takes our monthly gain to 6.16% for july. so sad...what is encouraging is we didn't go negative on the month so far, even though it's a really tough market.

trading update

another down day. three in a row. ibfx a bit slow this morning, so I don't have the figures, but i'd say it's about 1.5% or so. exact figure doesn't matter much in the bigger scheme of things. and so we churn some more, still no real direction. just have to keep wading through the churning till we get going. no point in losing patience or trying to change settings.

daily changes

here is a table of our percentage gains and losses per day for july so far.

trading update

nother dismal day. low volitility all around. lost 1.11% to take us to an 5.57% for the week, overall monthly figure 6.71% or 0.51% a day for the 13 trading days we've had in july. the good news is there's a full 10 days left. volatility in itself isn't as important to us as momentum, but there just isn't any at the moment. its all just one big washing machine, tumbling around and around and around...

trading update

slight loss yesterday, 1.2% putting our monthly gain on 7.9%. the dollar is proving to be very difficult and only the jpy's are saving our butts at this point. kinda frustrating....

trading update

fighting back hard now. after the dollar doldrums which lasted for june - july. by the looks of it, apparently it does that every year. with the current global turmoil i'm looking forward to a nice volatile rest of the year now that july is drawing to a close and we're starting to see life in the market again.

trading update

the fight continues. usd being very difficult....

trading update

i closed out on friday to change a setting. been some real nasty markets, so we're barely up after about 9 trading days. good news is we're still up. can't always make money, so we just trade through it.

trading update

recovering again. going to take some time i guess...

trading update

had a real big smack overnight. not entirely unexpected. we do draw down about 10% from time to time. question is whether this is the end of it and we got up from here or if there's more to come. we wait and see...

trading update

cruising along....

gbpusd

same here...slow, slow

trading update

flying, i still have about 4% unrealized, so i think we'll break through hard on the previous equity high and keep going.

trading update

still fighting back - have to break out topside.

trading update

still fighting back, have to break above $3000 to get a definitive break....

trading update

dang, we took a huge hit. never had to turn so many pairs at the same time before. but we're up $100 again, un-banked. just have to wait and see i guess.

trading update

Still clawing back, about 1% - 2% a day at the moment. not entirely sure, every $30 is just over 1%.

trade summary update

starting to climb again post nfp disaster - in fact that was 2% we banked. bit more than I expected, but the curve will stay volatile till all the pairs are running again. we have re-written the start up so futures crashes won't cause this kind of break in trading.

eurjpy

usdjpy update

doing well on this one

gbpusd

some trades after nfp

eurusd

trading update

took a pounding on NFP, 'scuse the pun. we generally don't do well on the NFP, the last say ten has been a complete waste of time. one or two gyrations and then nothing happens. i guess after 25% in a week a draw down is to be expected. so let's see what next week brings.