Classic FX

[Depth Trade]

We're looking good. Still holding Xag/usd from 17.71(spot), currently just under that at around 17.40(spot)
Target is 18.78(spot)

Physical is at $18.00 (cheapest)
18.80 (next grade up)

 

[Depth Trade]

Cross-referencing commodity prices, I have the following potential trades.

Usd/jpy: short
Usd/mxn: short

Focus on
Xag or Xau/usd longs

Usd/jpy closed about 100 pips lower, Usd/mxn closed about 1000 pips lower.

Still holding Xag/usd Longs from $17.71 average, target is $18.78

There are no recommendations for this week. I have conflicting views for either side.

 

[Depth Trade]

Usd/jpy closed about 100 pips lower, Usd/mxn closed about 1000 pips lower.

Still holding Xag/usd Longs from $17.71 average, target is $18.78

There are no recommendations for this week. I have conflicting views for either side.

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video 4

 

[Depth Trade]

Still holding Xag/usd long from 17.71 target is 18.78

Adding long 17.623

This is a perfect time to buy Xag/usd, commodities are priced right and the metals look like there finishing off a pendent formation.

We have oils and metals on the rise to help our position along. Bons are on the rise though, along with indexes moving lower, which is opposite of what we'd like.

 

[Depth Trade]

Holding steady. Position is up almost 6% and account balance is flirting with breakeven.
Long from 17.71 average, current price is 18.31

I hope you all are enjoying summer, if your Northern Lats. I just went down to the river and jumped in, great way to wash off the FX grit. This is about 1/4 mile from my house.

 

[Depth Trade]

Outlook for USD is weak for this coming week. The mass-marketed index shows the opposite of mine, USD positive. This positive valuation, along with all the other (FX) majors correlating the opposite positioning, will cause positions to be stopped out.

False chart set-ups: long- usd/jpy, usd/cad, usd/chf, usd/cny, usd/mxn
Short: eur/usd, gbp/usd

Perfect time to add to Xag position: buy 18.273

Still holding long Xag average price 17.71 target around 18.75

 

[Depth Trade]

Outlook for USD is weak for this coming week. The mass-marketed index shows the opposite of mine, USD positive. This positive valuation, along with all the other (FX) majors correlating the opposite positioning, will cause positions to be stopped out.

False chart set-ups: long- usd/jpy, usd/cad, usd/chf, usd/cny, usd/mxn
Short: eur/usd, gbp/usd

Perfect time to add to Xag position: buy 18.273

Still holding long Xag average price 17.71 target around 18.75

I just closed my Xag position for about a 10% gain. The client account is now up and may be closed upon request.

My suggestions played out exactly as said, Usd/jpy'cad'chf all down along with Gbp'Eur/usd ending up.

That false Index played out.

Will update and post exact balance later.

 

[Depth Trade]

Heres a copy of my clients account that he had be keeping.
The account is nowhere near projections, this is because client lost his appettite for risk early in the game, resulting in his account missing/ lagging on gains & trades made.

My personal Management account did make a gain of over 2% from the account, so if you add the 1% my client made and the 2% I made. The strategy, even after being butchered, still posted a profit.


Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 5-Jul-08
Week End Date 13-Jul-08
# Weeks 26
USD Start of Week 883.71
USD Ending Amount 1011.20
P/L for Week $ 127.49
P/L % for Week 14.43%
P/L since Start $ 11.20
P/L % since Start 1.12%
Expected ROI yearly 2.24%

 

[Depth Trade]

Heres a copy of my clients account that he had be keeping.
The account is nowhere near projections, this is because client lost his appettite for risk early in the game, resulting in his account missing/ lagging on gains & trades made.

My personal Management account did make a gain of over 2% from the account, so if you add the 1% my client made and the 2% I made. The strategy, even after being butchered, still posted a profit.

The account would have shown +15-35% if client would have let me trade the account as initially agreed upon.

Either way, I think I'm done managing small accounts. This whole experiment made me realize my worth.

Minimal account size is now 100K USD


Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 5-Jul-08
Week End Date 13-Jul-08
# Weeks 26
USD Start of Week 883.71
USD Ending Amount 1011.20
P/L for Week $ 127.49
P/L % for Week 14.43%
P/L since Start $ 11.20
P/L % since Start 1.12%
Expected ROI yearly 2.24%

 

[Depth Trade]

The markets are untradable for the most part this week. Correlated Continuations will position most people short, which is what most are seeing and positioning themselves, due to US$ indexes being offside.

!! Probable positioning will have most short USD against Eur, Gbp, Jpy, Cad, Chf, Mxn, Aud, Hkd these positions will all be impossible to manage or profit from.

The best positions would be from long Eur against Sgd and CNY, which most don't have access to.

 

[Depth Trade]

The markets are untradable for the most part this week. Correlated Continuations will position most people short, which is what most are seeing and positioning themselves, due to US$ indexes being offside.

!! Probable positioning will have most short USD against Eur, Gbp, Jpy, Cad, Chf, Mxn, Aud, Hkd these positions will all be impossible to manage or profit from.

The best positions would be from long Eur against Sgd and CNY, which most don't have access to.

As stated, Usd ended slightly stronger, even though set-ups were likely Short biased.

Having been short Usd, you would have exited at the following pips.

Aud/usd +38 pips
Gbp/usd -100
Eur/usd -93
Usd/cad +35
Usd/chf -66
Usd/jpy -78
=
-64 pips overall.

...But we were not in position, since my model predicted this outcome.

 

[Depth Trade]

Same thing this week, $ is rising and probable positions will be long $. Hence strong opposing move of USD against majors.

Right now we're waiting to possibly enter a position at the end of the week.


If you have to trade something, I suggest trading Euro long against any of the majors. Maybe focusing on eur/cad & eur/jpy.

Yep, that's what I would do.

 

[Depth Trade]

Same thing this week, $ is rising and probable positions will be long $. Hence strong opposing move of USD against majors.

Right now we're waiting to possibly enter a position at the end of the week.


If you have to trade something, I suggest trading Euro long against any of the majors. Maybe focusing on eur/cad & eur/jpy.

Yep, that's what I would do.

Suprisingly USD ended in strength, but probably wasn't traded by anyone. After being Stopped-out the previous weeks on the same strategy, few would have entered following a continuation of USD strength.

As for Euro, Eur/cad closed up about 80 pips and Eur/jpy lost about 8 pips. The rest of Eur/majors seemed to close mixed.

 

[Depth Trade]

Have entered the following positions.

Aud/usd: long .9567 3

Eur/usd: long 1.5714 5

Gbp/usd: long 1.9921 4

Usd/cad: short 1.0192 5

Usd/chf: short 1.0357 9

Usd/jpy: short 107.78 8

Usd/sgd: short 1.3598

Xag/usd: long 17.49

Xau/usd: long 931.10

 

[Depth Trade]

Have entered the following positions.

Aud/usd: long .9567 3

Eur/usd: long 1.5714 5

Gbp/usd: long 1.9921 4

Usd/cad: short 1.0192 5

Usd/chf: short 1.0357 9

Usd/jpy: short 107.78 8

Usd/sgd: short 1.3598

Xag/usd: long 17.49

Xau/usd: long 931.10

Platinum is also an insane buy at $1766

 

[Depth Trade]

Have entered the following positions.

Aud/usd: long .9567 3

Eur/usd: long 1.5714 5

Gbp/usd: long 1.9921 4

Usd/cad: short 1.0192 5

Usd/chf: short 1.0357 9

Usd/jpy: short 107.78 8

Usd/sgd: short 1.3598

Xag/usd: long 17.49

Xau/usd: long 931.10

OK, this is the week we have been waiting for. I recommend watching the above products on a 30 minute chart using Ichimoku indicator, if you don't have that, I recommend watching MACD with RSI waiting for USD to cross weakening.

 

[Depth Trade]

Have entered the following positions.

Aud/usd: long .9567 3

Eur/usd: long 1.5714 5

Gbp/usd: long 1.9921 4

Usd/cad: short 1.0192 5

Usd/chf: short 1.0357 9

Usd/jpy: short 107.78 8

Usd/sgd: short 1.3598

Xag/usd: long 17.49

Xau/usd: long 931.10

Watch the following pairs and enter short dollar position.

 

[Depth Trade]

Have entered the following positions.

Aud/usd: long .9567 3

Eur/usd: long 1.5714 5

Gbp/usd: long 1.9921 4

Usd/cad: short 1.0192 5

Usd/chf: short 1.0357 9

Usd/jpy: short 107.78 8

Usd/sgd: short 1.3598

Xag/usd: long 17.49

Xau/usd: long 931.10

Watch the following pairs and enter short dollar position.

Usd/cad: short
Usd/jpy: short
Aud/usd: long

Watch and enter trades off 30 minute, holding untill end of week or scalp off a 5-15 minute chart.

 

[Depth Trade]

Have entered the following positions.

Aud/usd: long .9567 3

Eur/usd: long 1.5714 5

Gbp/usd: long 1.9921 4

Usd/cad: short 1.0192 5

Usd/chf: short 1.0357 9

Usd/jpy: short 107.78 8

Usd/sgd: short 1.3598

Xag/usd: long 17.49

Xau/usd: long 931.10

I was stopped out of the following positions.

Aud/usd: out .9538 4
Eur/usd: out 1.5628 4
Gbp/usd: out 1.9816 1
Usd/cad: out 1.0212 5
Usd/chf: out 1.0409 1
Usd/jpy: out 107.99 3
Usd/sgd: out 1.3662 3

 

[Depth Trade]

Heres a copy of my clients account that he had be keeping.
The account is nowhere near projections, this is because client lost his appettite for risk early in the game, resulting in his account missing/ lagging on gains & trades made.

My personal Management account did make a gain of over 2% from the account, so if you add the 1% my client made and the 2% I made. The strategy, even after being butchered, still posted a profit.


Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 5-Jul-08
Week End Date 13-Jul-08
# Weeks 26
USD Start of Week 883.71
USD Ending Amount 1011.20
P/L for Week $ 127.49
P/L % for Week 14.43%
P/L since Start $ 11.20
P/L % since Start 1.12%
Expected ROI yearly 2.24%

Have entered following positions.

Total position value is 156.220 % of account balance.
Margin used is 3.359 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the USD:

Aud 14.89 %
price ,8860 4

Eur 15.09 %
price 1,4970 8

Gbp 12.9 %
price 1,9189 8

Cad 15.76 %
price 1,0669 5

Chf 15.52 %
price 1,0823 2

Jpy 16.77 %
price 109,99

Sgd 4.77 %
price 1,4076


Classic FX + 0.00 % (start date 10/08/08)