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)
Wednesday, 8 April 2009
Tuesday, 7 April 2009
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)
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)
Monday, 6 April 2009
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)
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)
Sunday, 5 April 2009
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)
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)
Friday, 3 April 2009
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)
$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)
Thursday, 2 April 2009
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)
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)
Wednesday, 1 April 2009
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.
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.
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