Coming Soon !

New analytics software to be released by Jenario which will provide an intelligent way to trade financial assets through price discovery. It will help you reveal actionable insight to support your decision process whether to go long or short and what stop-loss and stop-profit are highly probable for short term and long tern trades. It's flexibility, simple approach and savvy interface will enable you to grow with the product and quickly appreciate its value.

It's not an automated expert system its an analytical tool that provides intelligent insight into price action. It's an important addition to any traders tool kit.

Retail price will start at £59.99

If you want more information on the product feel free to contact me directly at

accounts@jenario.com

Completion: Journal of a $50,000 Forex Challenge

After 18 days the model was able to successfully produce 100%+ return on investment even through the most volatile days seen this year in the money market. However the point of this challenge was not to prove that the model was able to produce 100% return in 30 days but to stress test it and find the right mix of risk/reward and perhaps share insight into do's and don'ts of trading forex especially for those who trade spread betting platforms. Moreover I could say with confidence that the model is able to outperform top money managers in the industry and able to return 30% on traded investment with ease over a period of 200 traded days. For those that are interested there are a number of products and services I offer using the same portfolio hedging technology at the domain name below.

www.jenario.com

Day 18

Scheduled to complete the challenge after which I plan to start a traders clinic at www.jenario.com where I will provide FOREX tips and give daily positions so be sure to register.

Target
$11,000

Latest:

18:46 pm GMT
Will the challenge be won the public consensus at this point is:
50% (Yes), 50% (No), 0% (Not sure)


Balance:
$101,024

Equity:
$101,024

Return
+102.05%

Current Performance
+43.3%

Will the challenge be won the public consensus at this point is:
50% (Yes), 50% (No), 0% (Not sure)

Day 17

Today we saw the GBP start was should be a sustained rally, volatility persists and the challenge is coming to a close.


Target
$2000

Balance:
$89,539

Equity:
$89,539

Return
+79.08%

Current Performance
+32.2%

Will the challenge be won the public consensus at this point is:
46% (Yes), 54% (No), 0% (Not sure)

Day 16

Another volatile day with a huge swing. I spoke with a couple of professional TA traders who may be a little worst for wear after today's events, however the profits keep coming and more than half way towards the target.

Target
$2000

Balance:
$78,586

Equity:
$78,586

Return
+57.17%

Current Performance
+20.4%

Will the challenge be won the public consensus at this point is:
46% (Yes), 54% (No), 0% (Not sure)

Half - Way: $50,000 Forex Challenge

Halfway through the challenge and the account is in very good conditions, the market has been extremely volatile with huge intraday swings, however the model along with the evolving system has mitigated (hedged) the risks producing outstanding results with over 3000+ pips made over the last 5 days.

Visit my website at www.jenario.com for products that I offer also if you are looking to invest or form trading partnerships feel free to contact me at accounts@jenario.com.

Will the challenge be won the public consensus at this point is:
47% (Yes), 53% (No), 0% (Not sure)

Day 15

Yesterday again demonstrates the out of wack prices I've been speaking of over the last couple of weeks. My positions appeared to be wrong most of the day with a strong comeback after the US open, all exposure has been cleared so the account is 100% risk free and trading beyond expectation. Those that stuck with my positions would have enjoyed profits once again. Happy days.

Tip:
I think the market is set for Sterling and Commodity currencies to rally.

Target
$2000

Balance:
$72,000

Equity:
$72,000

Return
+44.0%

Current Performance
+14.0%

Will the challenge be won the public consensus at this point is:
46% (Yes), 54% (No), 0% (Not sure)

Day 14

Yesterday was another fantastic trading day with the biggest one day gain of 25% (1200+ pips), my evolving system that compliments the model is beginning to outperform the challenge by an amazing 12%.

Note: I will be publishing my positions for tomorrow a little later today. However your actions are your responsibility and I don't expect any commission for profits you make as a result of placing my positions.

Remember that pips above 400+ are typically due to the system that compliments the model and is accumulated as a result of retracement and various other opportunities that are presented.

Trade with care.



Target
$1000

Latest:
23.03 pm GMT My next trading positions I will be placing immediately
gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
long,long,short,long,long,long,short


Balance:
$68,728

Equity:
$68,728

Return
+37.0%

Current Performance
+12.2%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Day 13

Yesterday was a fantastic day, the model now forming a support system that is creating outstanding returns up 18%+ on the day. Thanks to rapid swings in the markets the system took full advantage by mitigating risk while profiting on the pullbacks. If tomorrow is anything like today the challenge could be back on track. Those that took my positions happy days.

I will be giving out an extra set of positions before the weekends.

Target
$3000

Latest:

Balance:
$66,799

Equity:
$49,466

Return
+34.0%

Current Performance
+12.0%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Day 12

The Forex market continues to take casualties as one can only imagine the thousands of traders getting hit badly. As I have been saying be very careful and if your funds are less than $500 you are better of limiting your trading hours and trading lot sizes. However the model coped quite well moving between +/- p/l throughout the day in extremes.

My positions for tomorrow are as follows remember it will fluctuate throughout the day I tend to trade them around 12.15am GMT, if you go into +p/l maybe you can use that to your advantage and make ad-hoc trades with the security of your hedged profits. Also your trades are your actions and I hold no responsibility for your losses and expect no commission on any profits you make. Happy days.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
long,long,short,long,long,short,short

Target
$2000

Latest:
12.07pm GMT Those that took up my positions would now be in profited by at least 2.5% (700+ pips) depending on leverage and $/pip. I have now reversed my trades follow with caution.

18.45 pm GMT The model coupled with the ongoing development of a system has so far increased the balance by 15%+ (nearing 1000 pips on the day). Impeccable.

Balance:
$53,604

Equity:
$53,604

Return
7.2%

Current Performance
-7.9%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Day 11

I shall be publishing more positions this week.

Target
$1000

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Balance:
$45,198

Equity:
$45,198

Return
-9.6%

Current Performance
-20.6%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Week 2

The currency market is becoming increasingly volatile as I anticipated since a couple of weeks back. The seven major currencies selected for the challenge appear to be unrealistically priced. Trade with more precaution this week.

Target
$1000

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Day 10

Yesterday was extreme volatility in the markets, the challenge sustained serious losses as the p/l moved from positive to negative. I shall be having a break see you in the markets Monday. Trade with caution.

Target
$1000

Balance:
$48,001

Equity:
$45,000

Return
-3.9%

Current Performance
-14.0%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Day 9

Yesterday was another volatile day for currencies however although I don't do pips and focus more on % return the model turnover an amazing 800+ pips with pin point accuracy on retracement.

Target
$1000

Balance:
$50,932

Equity:
$50,932

Return
+1.82%

Current Performance
-7.1%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

Day 8

Yesterday was another volatile day for currencies as the swings are becoming more aggressive, however as a result of taking advantage of retracements the model turned over almost 22%.

My hedged positions I will be placing together are below, do so at your own risk. I am likely to switch this trades later in the day.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
short,short,short,short,short,short,long


Target
$1000

Latest:
02:58am GMT Those that have taken the trade will already be up about 173+ pips. I will be closing all my trades now and reopening likely in reverse when the London markets open.

If you do take up my recommendations your losses are your actions and I expect nothing in return for your gains.

03.00am I have decided to open my trades earlier that first anticipated and will keep usdcad the same.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
long,long,short,long,long,long,short
Open prices: 1.49981, 1.32535, 1.18006, 0.73443, 0.57597, 98.152, 1.13848

03.35am GMT Those that have taken the reverse trade will already be up about 110+ pips.

08.35am GMT Those that have taken the reverse trade will now be up about 257+ pips I have closed all positions for the second time.

Bringing a total of 430+ pips within 8 hours. I'm not a pip person myself I'm more a returns person however I think this is pretty impressive if I may say so myself.







Here are some more pips (290+) that I 've just closed. I added to some positions with lower lot sizes and waited for the retracement.

Total pips so far 700+ total profit around $3954 with very low risk and systematic trades.





Another 80+ pips added making a grand total of nearly 800 pips in one days trading.

Balance:
$58,990

Equity:
$54,875

Return
+17.4%

Current Performance
+9.3%

Will the challenge be won the public consensus at this point is:
37% (Yes), 63% (No), 0% (Not sure)

Day 7

Yesterday was a not so bad day some gains as a result of adding to my positions on a number of pullbacks. Some exposure still remaining.


Target
$1000

Latest:
Balance:
$54,875

Equity:
$54,875

Return
+9.75%

Current Performance
+3.01%


Will the challenge be won the public consensus at this point is:
28% (Yes), 72% (No), 0% (Not sure)

Day 6

Latest:
Balance:
$50,963

Equity:
$45,230

Return
+1.96%

Current Performance
-3.0%


Will the challenge be won the public consensus at this point is:
28% (Yes), 72% (No), 0% (Not sure)

Week 1

This week has been quite a wild one with a deadly flu virus spreading from country to country and banks having had to provide stress test results to regulators. However my initial investment is slightly below in value by less that a thousand dollar and under-performing in terms of the challenge. So next week require more caution and intervention on the pullbacks as the market continues its sideways movement.

Day 5

Yesterday, the markets are showing more signs of instability in as far as currencies go with increasing swings and out of wack prices.

Target
$1000

Latest:
Balance:
$49,152

Equity:
$49,306

Return
-1.69%

Current Performance
-5.1%

The poll was automatically reset:
Will the challenge be won the public consensus at this point is:
50% (Yes), 50% (No), 0% (Not sure)

Day 4

Yesterday, the markets were again volatile as predicted, the positions did not yield a return, however lot sizes were later added to existing positions which profited from the sharp pullback mid day.

Target
$500

Will the challenge be won the public consensus at this point is:
31% (Yes), 58% (No), 11% (Not sure)

Latest:
Balance:
$46,396

Equity:
$46,396

Return
-7.2%

Current Performance
-9.9%

Will the challenge be won the public consensus at this point is:
31% (Yes), 58% (No), 11% (Not sure)

Day 3

Yesterday, the markets were again volatile mainly due to the continuing spread of the swine flu. The markets are in a sideways motion which could mean heavy presents of a bull market, however on the other hand the quote "sell in May and go away !" comes to mind so trade equities especially with caution.

I will publish tomorrows position before 11.30 pm GMT today. Again trade with caution and losses are your actions and responsibility, neither do I expect any commission on any profits you may gain.


gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
short,short,long,short,short,short,long

Target:
$500

Will the challenge be won the public consensus at this point is:
31% (Yes), 58% (No), 11% (Not sure)

Latest:

Balance:
$50,466

Equity:
$48,121

Return
+0.32%

Current Performance
-1.1%

Will the challenge be won the public consensus at this point is:
31% (Yes), 58% (No), 11% (Not sure)

Day 2

Yesterday, the markets were quite unsettled surrounding an outbreak of swine flu virus said to have originated in Mexico. One would expect this to cause further volatility throughout the week, however the model held out and will reduce each pairs lot size by 0.10/pip.

Target:
$500

Will the challenge be won the public consensus at this point is:
31% (Yes), 55% (No), 14% (Not sure)

Latest:
11.30am GMT
Will the challenge be won the public consensus at this point is:
33% (Yes), 56% (No), 11% (Not sure)

15:30pm GMT
Will the challenge be won the public consensus at this point is:
32% (Yes), 57% (No), 11% (Not sure)


Balance:
$49,700

Equity:
$48,982

Return
-0.30%

Current Performance
-1.9%

Will the challenge be won the public consensus at this point is:
32% (Yes), 57% (No), 11% (Not sure)

Day 1

Target:
$300

Will the challenge be won the public consensus at this point is:
31% (Yes), 55% (No), 14% (Not sure)

Latest:
11:58 am GMT, An independent judicator has been given full access to the trading account to monitor its performance. He is a well respected financial guru with over 40 years experience in the industry. This will provide more transparency to the challenge and further solidify the ongoing development of my forex technology.

15:56 pm GMT
Will the challenge be won the public consensus at this point is:
31% (Yes), 56% (No), 13% (Not sure)

Balance:
$50,007


Equity:
$48,410

Return
+0.01%

Current Performance
-0.6%

Will the challenge be won the public consensus at this point is:
31% (Yes), 56% (No), 13% (Not sure)

Just Before The First Trade

Unfortunately I was unable to complete the MT4 automation part of the system so that will have to come later. However the challenge will begin within the next hour or so with regular updates throughout the day's to come. As usual I will publish at least one of my day trades per week.

24 Hours Left

I've been looking at MT4 (Meta Quote Trading Platform) programming language to provide automation for automatic closing of all positions once a particular pl loss or gain has been reached. Hopefully I will have this in place before the next challenge begins.

Will the challenge be won the public consensus at this point is:
31% (Yes), 55% (No), 14% (Not sure)

Announcement of a $50,000 Forex Challenge Part 2

Hi Guys,

I have been working very hard ;) on establishing a technical system and improved risk management for my forex model. I am likely to begin the new challenge on the 27th of April '09.

If there are any questions you would like to ask or additional statistics that I can provide during the course of the challenge let me know via the blog or email

starttoday@jenario.com

Respectfully

Goldtip

Review

After 14 days of trading, the model had performed beyond expectations returning a profit of 22% within 10 days. However based on the strong criteria to return 100% in 30 days with low risk the model began to stress and failed to produce continuous results with a loss of 20% for a number of reasons as follows;


1. Market prices appear to be extremely unfounded perhaps due to the massive printing of money in the trillions of dollars, economic uncertainty and financial chaos.

2. A system needs to be developed to compliment the hedge recommended by the model which is current done on a per trader basis to suit their own risk criteria.

However in terms of the challenge all positions were opened together and closed together, profit taking opportunities were lost and stop losses could have been better prevented while unsupervised, so automation will be required.

3. Additional tools are required to measure price distortion perhaps against other basket of assets and on a more granular level i.e. intraday as forecasts are currently predicted on a daily basis.

On this basis the challenge will end here and a more detailed analysis will be published in the near future. New tools will be developed and tested to compliment the model at such time a new challenge will be waged.


* Of course this challenge was designed to put the model through extreme pressure it did well.

** I am currently developing a web system that will assist traders of all abilities which will be launched latest 30th of April 2009 at

www.jenario.com

Thank you for all your support.

Day 15 (Half-Time)

It's now half way through the challenge and I would first like to say thanks to those who have shown support and followed the blog. There is still hope.

Yesterday the model made a bit of head way with a turnover of a few thousand dollars however the equity is still in uncomfortable position. On saying that the model is finding it hard to keep up with the indecision created by the markets as the Dow moved sideways.


Target
$3000


Will the challenge be won the public consensus at this point is:
30% (Yes), 58% (No), 12% (Not sure)

Day 14

Yesterday trade caused further losses as a result of volatile US markets. The view of winning this challenge is dwindling away. However still vote and perhaps leave some words of encouragement.

Target
$5000

Will the challenge be won the public consensus at this point is:
30% (Yes), 58% (No), 12% (Not sure)

Latest:

01:15 am GMT
Will the challenge be won the public consensus at this point is:
28% (Yes), 60% (No), 12% (Not sure)

Again the markets were volatile and proven to be under distress as the general consensus drives the market sideways and likely the reason why the model has been having trouble trying to trend the relative prices. This could be a result of massive amounts of money being printed and pumped into the system.

Balance:
$45,402


Equity:
$40,566


Current Performance
-29.2%

Day 13

Yesterday the model was still suffering from the Easter holiday, however some gains were made by additional hedging. Those that took up position would have made little profits and likely losses. However this is obviously having great impact on the bottom line and my moral. It's proving to be challenging but I remain confident.

* Note: for those that do not know I am trading 7 pairs simultaneously one day in advance using price only.

Target
$2000

Will the challenge be won the public consensus at this point is:
30% (Yes), 58% (No), 12% (Not sure)

Latest:

The model still riddled with losses however there were a few profit taking moments. The model has its work cut out I almost feel I have to pull a rabbit out of a hat.

Balance:
$42,265


Equity:
$41,003


Current Performance
-32.7%

Day 12

My Positions for Tuesday.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
long,long,short,long,long,short,short

* Be sure to place no more than 2%-5% of your overall account balance spread across all assets in total.

** Allocation sizes are an approximation of the proportion of investment I will allocate to each asset.

*** I am not responsible for any losses you may incur should you place these positions yourself neither do I expect any commission on your gains.

Target:
$3000

Will the challenge be won the public consensus at this point is:
29% (Yes), 59% (No), 12% (Not sure)

Update:

20:35 pm GMT
Will the challenge be won the public consensus at this point is:
30% (Yes), 58% (No), 12% (Not sure)

Latest:

60% of last weeks gains lost as markets return back from holiday indecisive. A lesson to learn perhaps skip long weekend holiday trading an obvious disconnect for the model.

Balance:
$55,053


Equity:
$48,974


Current Performance
-9.6%

Day 11

Another week of trading ahead volatility expected to continue. I will publish Tuesday's positions on Monday around 11 p.m GMT.

Balance:
$61,199


Equity:
$59,393


Current Performance
+6.0%


Will the challenge be won the public consensus at this point is:
28% (Yes), 59% (No), 13% (Not sure)

Latest:

60% of last weeks gains lost as markets return back from holiday indecisive. A lesson to learn perhaps skip long weekend holiday trading an obvious disconnect for the model.

Balance:
$50,974


Equity:
$50,974


Current Performance
-13.9%

Will the challenge be won the public consensus at this point is:
30% (Yes), 57.5% (No), 12.5% (Not sure)

Week 2

This week has been another turbulent one however the model has been outstanding, not only has it managed risk its recovered its losses of the previous week and back on schedule. Current performance is beyond the expectation required of the challenge.

Balance:
$61,199


Equity:
$59,393


Current Performance
+6.0%


Will the challenge be won the public consensus at this point is:
26% (Yes), 60% (No), 14% (Not sure)

Day 10

Yesterday was the second most profitable day with a return of 10.6%.

Target
$2000

Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Day 9

Yesterday was a very profitable day above initial investment and almost back on schedule.

My positions for Thursday are as follows and I will place them at 23.30 GMT:

Asset: gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
Approx. Allocation Sizes (%): 8,16,12,14,7,17,24
Positions: short,short,short,short,long,long,long

* Be sure to place no more than 2%-5% of your overall account balance spread across all assets in total.

** Allocation sizes are an approximation of the proportion of investment I will allocate to each asset.

*** I am not responsible for any losses you may incur should you place these positions yourself neither do I expect any commission on your gains.

Target
$2000

Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)


Update:

Today has been outstanding not only did the model manage the risk of volatile markets, it also produced the second highest daily return since this challenge begun at 10.6% the highest being 18.6%. Furthermore the model is now outperforming its targets by 5.9%.

For those who placed my published positions would have made generous profits. When you visit the blog please vote as well, if you have already voted you can change it.

Balance:
$59,789


Equity:
$59,789

Current Performance
+5.9%


Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Day 8

Yesterday was a profitable day.

Target
$2000

Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Latest:

Very volatile day with major swings, however it was very profitable and we hope it continues.

Balance:
$54,044


Equity:
$54,044

Current Performance
-2.3%


Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Day 7

Yesterday saw some profitable p/l however unexpected news swung the p/l into negative position.

Target:
$2,000

Latest:

11:43 am GMT
Will the challenge be won the public consensus at this point is:
26% (Yes), 60% (No), 14% (Not sure)

22:20 GMT
Another volatile day however its been profitable.

Balance:
$49,056


Equity:
$45,550

Current Performance
-16.1%


Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Day 6

My positions for Monday are as follows and I will place them at 23.15 GMT:

Asset: gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
Approx. Allocation Sizes (%): 11,14,13,10,10,15,15
Positions: long,short,short,long,long,long,long

* Be sure to place no more than 2%-5% of your overall account balance spread across all assets in total.

** Allocation sizes are an approximation of the proportion of investment I will allocate to each asset.

*** I am not responsible for any losses you may incur should you place these positions yourself neither do I expect any commission on your gains.

Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Target:
$2,000


Latest:
Balance:
$43,025


Equity:
$43,025

Current Performance
-19.1%


Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Week 1

Balance:
$44,159


Equity:
$ 44,159

Current Performance
-16.1%

Target P/L
$500

Will the challenge be won the public consensus at this point is:
25% (Yes), 59% (No), 16% (Not sure)

Day 5

As a result of roll-over positions being closed losses were incurred.

Latest:
Hedging yesterday was not that great, will not be rolling-over any positions from here on in.

Balance:
$47,004

Equity:
$41,640

Current Performance
-9.9%

Target P/L
$2000

Will the challenge be won the public consensus at this point is:
27.5% (Yes), 58.6% (No), 13.7% (Not sure)

Update:
10.28 GMT. The markets are extremely volatile as the G-20 meet in what is being dubbed the New World Order.

17.43 GMT. This week has been a volatile week as predicted and part of a sideway price channel on most of the major currencies which is likely to continue.

The model has been quite disturbed by the uncertainty of the market due perhaps to the G-20 meeting in London, UK but has held out quite nicely considering its managing 7 highly volatile pairs. However there was quite a bit of extra hedging going on to try and manage extensive risk due to rolling over positions.

The $50,000 has diminished to $45,441 and likely to finish lower by the end of the day.

The performance in line w/ the 30 day expectation is also lower at around -13.7%, so the model has its work cut out.

Trades will be published on Sunday around 11 pm GMT for Monday session, to which I am not responsible for any losses that you may incur, however I would suggest you place them together around 12.30 a.m GMT.

Will the challenge be won the public consensus at this point is:
27% (Yes), 60% (No), 13% (Not sure)

Day 4

Although the model produced profitable positions yesterday there was no profit taking the positions will roll-over with caution.

Will the challenge be won the public consensus at this point is:
26.9% (Yes), 57.6% (No), 15.3% (Not sure)


Latest:

As I have been rolling over my positions I am having to hedge some of those positions further to wind-down negative p/l.

Balance:
$49,924

Equity:
$47,001

Current Performance
-9.6%

Will the challenge be won the public consensus at this point is:
26.9% (Yes), 57.6% (No), 15.3% (Not sure)

Update:
Losses were incurred.

Note: The performance can be in better shape, however I am limiting my positions to daily recommendations provided by the system as much as possible, rather than intraday intervention; however intraday intervention may occur occasionally.

Day 3

Trades remain the same as yesterday however highly likely to reverse mid-day.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
short,short,long,short,short,long,long

Target P/L:
$1000


Will the challenge be won the public consensus at this point is:
25% (Yes), 58.3% (No), 16.6% (Not sure)

Updates:
1. 01:44 am GMT Those who traded my positions would have made reasonable profit however I will hold my positions.
2. Obama's 1st presidential visit to Downing Street, London.
3. G-20 Meet in London today.
4. Protestors gather.

Result:

1. This likely to effect the spread between EUR/GBP


Will the challenge be won the public consensus at this point is:
24% (Yes), 60% (No), 16% (Not sure)

*** Facebook now open search for ' Jenario Forex ' ***


Performance falls to:
95.4%

Overall Balance:
98% (49,001.32)

Day 2

Todays trades are as follows and will be placed together between 12.15am and 12.30am GMT. Note. All trades must be opened at the same time to benefit from the hedge.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
short,short,long,short,short,long,long

Target P/L:
$856

Updates:
1. Those that traded these positions will have realised a profit sometime before 7 pm GMT this morning. My positions are still open and consensus remains the same.

Will the challenge be won the public consensus at this point is:
28.5% (Yes), 57.1% (No), 14.28% (Not sure)

2. Volatility seems to be slowing however likely to increase throughout the week as US unemployment report due Friday, today's trades will be rolled-over.

Performance falls to:
96.4%

Overall Balance:
98% (49,001.32)

Day 1

Today was a negative P/L day, but still feeling very confident.

Performance falls to:
97.2%

Overall Balance:
98% (49,001.32)


Will the challenge be won the public consensus at this point is:
28.5% (Yes), 57.1% (No), 14.28% (Not sure)

The $50,000 Challenge has begun

The first trades have been placed:

Target P/L:
$400

Public consensus:
25% (Yes), 62.5% (No), 12.5% (Not sure)

Just before the first trade

At this point the public consensus was:
25% (Yes), 62.5% (No), 12.5% (Not sure)

Less than 3 hours

At this point the public consensus was:
26.6% (Yes), 60% (No), 13.4% (Not sure)

Less than 6 hours

At this point the public consensus was:
28.5% (Yes), 57.1% (No), 14.4% (Not sure)

Less than 8 hours

Feeling quite relaxed.

At this point the public consensus was:
36% (Yes), 63% (No), 1% (Not sure)

Less than 24 hours

Just finished the last preperations and ready for the challenge. Zzzzzz.

Less than 28 hours

May go for a run the adrenaline is starting to kick in because the number of visitors are increasing by the hour. Can I still perform under so much pressure ? uuum.

Less than two days to go !

Getting myself prepared for what is going to be one heck of a journey, the FOREX markets are volatile and set to increase. Tighten your seat belts.

Announcement of my $50,000 challenge

Hi,

I am the creator of a FOREX trading system of which I will keep a journal of for 30 days, unless I win the challenge before then.

I intend to double the initial investment of $50,000 to $100,000 within this time and keep a daily record of every trade.

Why am i doing this ? Well there appears to be a lot of FOREX trading systems that claim they can return supernormal profits, I want to see if this is possible so follow me in this challenge and see the results.

Facebook now open search for ' Jenario Forex '

Keep watching ! The challenge will begin 30th March 2009. Spread the word.

Disclaimer: Any references, comments, statistics and the outcome of this challenge cannot not be used within any other publication or document be it in digital, sound, visual or paper form without the consent of the account holder of this blog. All rights are reserved. Copyright 2009 Jenario.