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.

gbpcad

this pair is turning out to be very profitable +530 here and still going.

gbpusd

nice double top there...

eurjpy

nothing going on here, or anywhere, maybe some action today.

overnight

k, so we clawed back some of the balance losses overnight, equity is up to 4% unrealized. we'll see a sharp rise in balance if the pairs start turning today. looks like they will. if not i guess we'll incur more balance losses as a few pairs are churning.

i'll update some of the charts posted yesterday after gym and breakfast.

audnzd

this puppy also ready for a sell or a bounce

it continues...

so monday so far pretty much as expected, my equity broken out topside..

2% unrealized, banked a little bit more.

end of may

system kicking into gear now. about 3% for the last 3 days, 2% realized, 1% unrealized, see what happens monday. i expect about 1% banked by end of day.

frustration

i must say i find the forex world really frustrating.

the first problem is of course that brokers make money when you lose. if you don't lose they have back office functions which will make you lose. like changing the volatility of your feed, iow's they put spikes in your feed. they can flag your account - and i quote here from someone with back end experience - "make life difficult" for you.

of course the industry could have been set up to make people succeed, but the kind of mind that exists purely to profit at any cost wouldn't even consider that. its vulgar to say the least.

i have the software to out trade them. took me years to develop. i feel sorry for any house that tries to shake out my trades. they're going to be working real hard to try and throw a system that trades 30 pairs and calculate signals over with 24 hours worth of data. little volatility not going to shake my tree.

what i do find most frustrating is people just don't believe i can do this. whenever i tell people what i do, they either think its illegal, impossible or if i bring up the business side unsellable. i can literally make multi-millionaires, but most people i tell what i do and what my results are give me a string of reasons why what i'm doing everyday is impossible. that despite the fact that i been fighting this thing for five years. almost everyone i know is an expert in forex and investing and know exactly why this can't be done, including the guest house owner i'm staying in, well as soon as i explained to her what forex is. i suddenly understand very clearly why some people become wealthy while others don't.

so stuff it. i'm not begging anyone to get rich, i don't need extra funds. i make money trading forex with a black box and i don't care if you don't believe me. stay poor, find a few more excuses if you need to.

i'll be in the jungle for a while. good luck with that "working for a living, bond slave" thing.