Steady First Week

January 8, 2011
Our new strategy is in production mode as from Mon, 3-Jan. This week we made modest $254.24 in this range-bound market, but lets not get too excited, as next week serious traders are returning from holidays.
The interesting part is how smooth is our Equity Curve... watch this space.

 

December 2010

January 1, 2011
In Dec 2010 we made only $402.60 or 3.3% growth. This is because we got stuck in an unprofitable position that we held over the last two weeks, which we closed ahead of the year end.
Well, we can't win them all and we need to move on. We had a pedestrian performance last week, but we are satisfied that we had a positive growth in Dec 2010 (3.3%), positive 4th quarter (20%) and positive year (45%).
Watch this space in 2011, as our new strategy goes into production.


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Christmas Week

December 24, 2010
We made $228.50 this week with small counter-trend position.  Unfortunately we are still holding an open position for the second week.  We were looking forward to the price retracing back to the Weekly Pivot Point, but unfortunately it never happened.  We cannot rush the market, and we will keep our powder dry for next week.


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Near the Finish Line

December 18, 2010
Last week we made $349.50, but we carry some open positions into next week. We are fast approaching Christmas and market liquidity is drying up, allowing fewer traders make larger moves.
It works in our favour, but one has to be careful not to take too large positions [read assume too much risk in a thin market].
Last Friday Cable reached S3 support level, after US Leading Indicators Index increased by most in 8 months.


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Chipping away

December 11, 2010
Last week we observed Cable consolidation within a trading range of 200 pips. This allowed us to recompose ourselves after the volatility of the previous two weeks.
It is rather difficult to trade in choppy markets, but we have taken the opportunities that were available to us and we made $384.50 profit. We are satisfied with the outcome, especially given the current trading conditions. The chart shows how choppy was the market, but with our methods we were on the right side of the market.


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