Browsing Archive: September, 2010

September 2010

Posted by Kris Pivo on Sunday, September 26, 2010, In : Monthly Performance

We made $1065.40 in September. It was relatively quiet month and our equity curve reflects it. We are going on leave and we are not planning to trade over the next two weeks.

Modest performance

Posted by Kris Pivo on Friday, September 24, 2010,

As we expected, we had a flat/ranging market this week, but with a small breakout on Friday. We are closing shop ahead of the Fed Bernanke speech this [Friday] evening. We wouldn't like to get stuck with open positions over the weekend, so there is no point in opening new trades on Friday afternoon [it doesn't matter how appealing the market looks like]. We have toned down our risk profile and we are satisfied with our pedestrian performance this week; we made $203.50 [see the Equity Curve]....
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Sideways market

Posted by Kris Pivo on Monday, September 20, 2010,

This week we have numerous economic news releases, including Public Sector Expenditure/Borrowing, Minutes from the MPC Meeting, and British Bankers Mortgage Approvals.

Our Weekly Pivots are wide, trend is stalling and in general we anticipate a sideways market. Lets see how much the market is willing to pay us this week (if anything).

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Employmnet report for the UK

Posted by Kris Pivo on Friday, September 17, 2010,

This week we had UK jobless claims report and statement from Mervyn King, the governor of BoE. We closed our positions (with a profit of $545.52) before the news release.
Once again, we have to tone down our entusiasm to reduce the risk exposure.

Gaining confidence

Posted by Kris Pivo on Friday, September 10, 2010,

We made $316.38 this week. We are gaining momentum and we must be careful of not getting too confident, i.e. taking unnecessary risk. Bucket shops are waiting for us to make a mistake.
Well, we believe in flawless, merciless execution of our method. Our method works, as long as we don't make any silly mistakes.