Cable is Picking Up the Pace

June 18, 2011
Cable is picking up the pace, with a good trading range of 364 PIPs for the week. On Tuesday GBP rallied to R1 level then on Thursday dropped all the way to the S1 level, and on Friday it printed a double bottom finishing near M2 level.  We took three trades and we made $235 [see below our equity curve].



We are going to China for few days and we will resume trading the following week.

Posted by Kris Pivo.

 

Boring Cable

June 10, 2011

Last week Cable hovered between the M2 and M3 levels.  We shouldn't be trading at these levels, but eventually we resorted to taking a half of the usual positions at the M2 and closed it at PP. Then on Friday Cable penetrated the S1 level and we made another small profit.
Overall, we made only $57.25 for the week, but we should be satisfied, as most traders bleed their accounts in this kind of markets. Hopefully the market perks-up next week.



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Posted by Kris Pivo.

 

May 2011

June 3, 2011
In May 2011 we made a profit of $738, or equity growth of 4.8%.



However, last week our positions didn't get filled and we didn't get any trades.

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Posted by Kris Pivo. Posted In : Monthly Performance 

 

Equity Curve in 2011 vs 2010

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

 

Solid Cable Run

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.



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Posted by Kris Pivo.

 
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