Good Trade in a Narrow Market

April 15, 2011
We had a very narrow trading market, with Cable ranging between M2 (mid) resistance and M3 (mid) support levels. We took only one trade last week and we made $244.50 on the single directional move from M3 to M2 level.



Markets like to take-off after a brief consolidation. Lets see if we get lucky next week and get a breakout.

Posted by Kris Pivo.

 

Missed Opportunity

April 9, 2011

Finally we had a fantastic run with Cable hitting and perforating the resistance levels R1, R2 and R3. We capitalised on the R1 level (see the chart with equity curve below), but we missed the opportunity on the R2 and R3 levels.
Oh well, we made $156.50 for the week and the market will not be taken away from us anytime soon...


Continue reading...

Posted by Kris Pivo.

 

March 2011

April 1, 2011
In March 2011 we had some directional moves within a range of 500 pips. The market was relatively stable and hardly affected by the economical crisis and political instability. We made a profit of $761.30 for the month, which translates into 5.5% equity growth [see chart below].


Continue reading...

Posted by Kris Pivo. Posted In : Monthly Performance 

 

Another Failed Breakout

March 26, 2011
Finally we see increased volatility with Cable breaking-out to the upside, touching M4 resistance level and rolling over all the way to S1 support level. We are pleased that we capitalised on all major directional moves (up and down).

On the attached chart one can clearly see that we had three trades: (1) we took small profit when the market reached R1; (2) larger profit when the market retraced to PP; and (3) tiny profit when the market came down to S1 level.



Our 2011 strategy is working well,...
Continue reading...

Posted by Kris Pivo.

 

Sideways Market Continues

March 19, 2011
The choppy markets continue, making it difficult for us to trade Cable. Our strategies continue to generate positive returns, but at a lower rate of return.

It is interesting to note that the 2011 strategy is again outperforming the 2010 strategy. Last week the 2011 strategy generated two trades and we made $158.95 profit, while the 2010 strategy had only one trade with a profit of $64.36; see respective charts with their equity curves.



Continue reading...

Posted by Kris Pivo.

 
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