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

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

32.58% up since december 8th, another 1% since last report. but we have 6% open unrealized.





banked so far 0.2% for the month of jan. we restarted well and fast, which bodes well for future close outs. nfp this week, so depending how we go in i might close out again.

trading update $$

no flies over here!!

trading update

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

NFP went well

got a really good usd trade out of that one

 

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

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

we came out of NFP slightly ahead for a change and bounced of the new lows on the equity. quite a few pairs traded lower lots, but we're back to normal for now. i hope that's the end of it now and that we're going to start getting normal ranges...looks a lot better.

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.

month end

starting to see signs of life. officially we ended the month on an abysmal -14.7% with max losses of -15.59%, the max draw so far is 23.15% on the portfolio. we have +2% open and unrealized. with the volatility returning to the dollar and a hectic data week i'm hoping we can get some gains under the belt for a change.

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 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

ouch! nother -2.72%. and today is already worse. usd is on the cusp of having to do something big. little more push and the USD index will fall of a cliff. or they have to seriously push it away from here.

usdjpy long

should be worth a few points eventually, still no direction usd

some open positions

usdcad



gbdusd



eurusd

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.