Browsing Archive: May, 2011

Equity Curve in 2011 vs 2010

Posted by Kris Pivo on Saturday, May 28, 2011, In : Monthly Performance

We are running our 2011 strategy for the last 5 months and it is worth while to take a moment and review its effectiveness. Our ultimate measure of success is represented by the equity curve, which shows win-loss, trade-by-trade [see chart below]. The objective is to have a smooth equity curve, starting at the bottom left corner and ending in the top right corner with the least deviation from a straight line. I.e. we don't like major step changes [up or down] as it indicates major market shif...
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Solid Cable Run

Posted by Kris Pivo on Friday, May 27, 2011,

As anticipated, Cable had a good run and we managed to execute two trades: one short position closed at the S1 level and one long position closed at the R1 level. Unfortunately, the Cable didn't retrace sufficiently for us to take another position and the market ran away from us closing near the R3 level.
Anyway, we made $262.50 for the week and we are moving on. Hopefuly we will have more directional moves next week.

Cable Consolidation

Posted by Kris Pivo on Saturday, May 21, 2011,

The Cable was very flat last week, with market oscilating near the Pivot Point. It is rather difficult to trade choppy markets, but we managed to squeeze a miserable $67.

This was clearly a brief consolidation and we should see some action next week. On Tuesday we have important economic news: [GBP] Public Sector Net Borowing; on Wednesday: Revised GDP q/q, and on Friday: Nationwide HPI m/m. Lets see what we can do next week.
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Pedestrian Week

Posted by Kris Pivo on Saturday, May 14, 2011,

Last week we took only one directional trade (from the PP to S1 levels) and made pedestrian $115.50. Hopefully we will have better opportunities to trade next week.