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.