Daily-based profitable trading calls

[qwertyfx]

update, 10/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 6/1): USD 13,410 +244%

****flat now****

Technically speaking : some moves are unfolding, but no clear signal as of yet of my CWS, so I will remain aside in this tiny USD correction at this moment.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 04/01): USD 2,896.6 +44,8%

***** flat now *****


========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 20,443 +57,25% (CFD's only) (as of trades closed, last date 10/01/2005)

-CFD's
-> 17/12/2004 - TRADE CLOSED AT STOP 10/1/2005
1.Sold Altria Group at 59.97, stop 63, target 56 .... stop hit, -5%

New trades Open

1. Sold Altria Group (US CFD) @ 62.81, stop 66, target 56
2. Sold 3M Company (US CFD) @ 83.77, stop 86, target 80

-Index Futures

New trades Open

1. Sold Dax Xetra Index 4.327, stop 4.400, target 4.200

Index Futures' cumulated points (since 17/12/2004) : +445p (this result does not count for the overall portfolio performance)

Technically speaking : Stopped out and re-opened with higher stop on altria group, system still giving it a sell signal. Also entered 3M short on new signal generated by the system. Not so clear signal, but gave it a try in the Dax Xetra Index, so we'll see how it goes.

**************************************************




*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************




Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 34,549.2 +72,8% (10/01/2004) (Index Futures not included)

**************************************************

 

[qwertyfx]

update, 11/1/05

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 6/1): USD 13,410 +244%
****flat now****

Technically speaking : there was a starting signal for longing gbp/jpy, but it is too weak to risk a single buck for now. Still watching. Trading is very limited as the big players may be waiting for clear signals on whether the majors are headed against the $ .. there's a real battle going on, no doubt.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 04/01): USD 2,896.6 +44,8%

***** flat now *****


========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 20,443 +57,25% (CFD's only) (as of trades closed, last date 10/01/2005)

-CFD's
-Monitoring trades opened 10/1/05 :

1. Sold Altria Group (US CFD) @ 62.81, stop 66, target 56
2. Sold 3M Company (US CFD) @ 83.77, stop 87, target 80

New trades Open 11/1/05

1. Sold Johnson & Johnson (US CFD) @ 62.91, stop 67 target 60


-Index Futures
-Monitoring trades opened 10/1/05 :

1. Sold Dax Xetra Index 4.327, stop 4.320, target 4.200

Index Futures' cumulated points (since 17/12/2004) : +445p (this result does not count for the overall portfolio performance)

Technically speaking : Though missed a very good short on Caterpillar, I did trade a short on J&J after a clear signal from my system. Looks to me that 3M could well be on price-aberration mode, but should go below 83.7 to look again promising.

**************************************************


*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************

Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 34,549.2 +72,8% (10/01/2004) (Index Futures not included)

*************************************************

Best trading to all,

Qwerty

 

[qwertyfx]

update, 12/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 6/1): USD 13,410 +244%

****flat now****

Technically speaking : ---

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 04/01): USD 2,896.6 +44,8%

***** flat now *****


========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 20,443 +57,25% (CFD's only) (as of trades closed, last date 10/01/2005)

-CFD's
-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 66, target 56
2. Sold 3M Company (US CFD) @ 83.77, stop 87, target 80
3. Sold Johnson & Johnson (US CFD) @ 62.91, stop 67 target 60


-Index Futures
-Monitoring trades opened 10/1/05..... TRADE CLOSED AT LIMIT (12/1/05) :

1. Sold Dax Xetra Index 4.327, stop 4.320, target 4.200 ... TARGET HIT +127 points ***** flat now *****

Index Futures' cumulated points (since 17/12/2004) : +572p (this result does not count for the overall portfolio performance)

Technically speaking : -----

**************************************************

*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************


Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 34,549.2 +72,8% (10/01/2004) (Index Futures not included)

**************************************************




Best trading to all,

Qwerty

 

[qwertyfx]

update, 13/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 6/1): USD 13,410 +244%

NEW TRADES 13/1/2005

1. Long Eur/Jpy 135.35, target 136.35, stop 134.45
2. Long Aud/Cad 0.9203, target 0.9340, stop 0.9099
3. Long Aud/Jpy 78.42, target 79.50, stop 77

Technically speaking : boring day today, nothing to remark.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 04/01): USD 2,896.6 +44,8%

***** flat now *****


========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 20,693 +59,20% (CFD's only) (as of trades closed, last date 13/01/2005)

===CFD's======

NEW TRADES OPEN TODAY13/1

1. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
2. Sell Siemens (German Market) @ 61.10, stop 65, target 56
3. Sell France Telecom (French Market) @ 24.25, stop 27, target 20

1 TRADE CLOSED TODAY
->Sold Johnson & Johnson (US CFD) @ 62.91, stop 67 target 60 .. CLOSED 13/1 AT 62 ... +1.5%

-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 66, target 56
2. Sold 3M Company (US CFD) @ 83.77, stop 87, target 80

===Index Futures=====

****** flat now *******

Index Futures' cumulated points (since 17/12/2004) : +572p (this result does not count for the overall portfolio performance)

Technically speaking : -----

**************************************************





*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************




Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 34,799.2 +74,0% (13/01/2004) (Index Futures not included)

**************************************************




Best trading to all,

Qwerty

 

[qwertyfx]

update 14/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 14/1): USD 12,771 +155.42%

CLOSED TRADES 14/1/2005

1. Long Eur/Jpy 135.35 .... stopped out 134.45 -$405
2. Long Aud/Cad 0.9203 .... closed at 0.9233 +$130
3. Long Aud/Jpy 78.42 .... closed at 77.62 -$364 ***flat now***

Technically speaking : trades went all the session against my CWS. I expected, from my own point of view, abit of a relief in the Yen strengthening process, but this didn't happen and proved the entries wrong. The 2 commodity-related currencies worked in favour of my CWS model and provided modest gains.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 04/01): USD 2,896.6 +44,8%

NEW BETS OPENED, 15/1/2005

Win USD750 if EUR/GBP never touches 0.7119 at any time before midnight GMT on 18-JAN-05 [inclusive] (NO TOUCH).
Purchase Price (cost of bet) : USD 512.3

========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 20,693 +59,20% (CFD's only) (as of trades closed, last date 13/01/2005)

===CFD's======

-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 67, target 56
2. Sold 3M Company (US CFD) @ 83.77, stop 87, target 80
3. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
4. Sell Siemens (German Market) @ 61.10, stop 65, target 56
5. Sell France Telecom (French Market) @ 24.25, stop 27, target 20

===Index Futures=====

****** flat now *******

Index Futures' cumulated points (since 17/12/2004) : +572p (this result does not count for the overall portfolio performance)


**************************************************




*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************



Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 34,160.2 +71,0% (14/01/2004) (Index Futures not included)

**************************************************



Best trading to all,

Qwerty

 

[qwertyfx]

trade cll, 17/1/2005

Hi everyone,

Longed usd/cad 1.2130 -... a nice special 2005 gift from me ;-))))))

full trading upodate due at 22h CET as usual

 

[qwertyfx]

update, 17/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 14/1): USD 12,771 +155.42%

NEW TRADE OPEN

- Long Usd/Cad 1.2130, stop 1.16, target open

Technically speaking : thigs look much better for the USD, and if the swiss can break fibo levels on the upside, we may be having some very strong USD buying.


===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 04/01): USD 2,896.6 +44,8%

Monitoring open bets :

Win USD750 if EUR/GBP never touches 0.7119 at any time before midnight GMT on 18-JAN-05 [inclusive] (NO TOUCH).
Purchase Price (cost of bet) : USD 512.3


========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 20,693 +59,20% (CFD's only) (as of trades closed, last date 13/01/2005)

===CFD's======

TRADE CLOSED

- Sell France Telecom (French Market) @ 24.25, closed at 24.10 +0,7%

-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 68, target 56
2. Sold 3M Company (US CFD) @ 83.77, stop 87, target 80
3. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
4. Sell Siemens (German Market) @ 61.10, stop 65, target 56


===Index Futures=====

NEW TRADES OPENED
- Sold CAC40 (french index) @ 3.880, stop 4.200, target 3.300
- Sold FTSE100 (british index) @ 4.840, stop 5.100, target 4.500

Index Futures' cumulated points (since 17/12/2004) : +572p (this result does not count for the overall portfolio performance)


**************************************************





*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************




Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 34,310.2 +71,55% (17/01/2004) (Index Futures not included)

**************************************************




Best trading to all,

Qwerty

 

[pkfryer]

What system do you use to produce such good results in such a short period of time?

 

[qwertyfx]

to pkfryer

Hi,

I use what I have denominated CWS (Contrarian Work System). How does it work? Well I have adjusted my way of trading to defining divergences between momentum indicators. I use my own entry and exit signal generator (mostly based on a third momentum indicator which acts as the signal trigger), and I focus on markets diversification as a very key factor to my success and money management as well. Feel free to contact me with your questions ... site will be up soon.

Qwerty

 

[qwertyfx]

update, 18/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 18/1): USD 13,251 +165.02%

CLOSED TRADE

- Long Usd/Cad 1.2130, closed 1.2240 +110 pips +$480

Technically speaking : I want to make one thing very clear : I have closed the Usd/Cad gift trade because I started this thread with my short term trades. However, if someone trades on a weekly basis closing levels, should hold it open (target 1.32), as well as long usd/jpy, short eur/usd, long usd/chf and short gbp/usd ... Since this is a short term trades threat and due to the fact that I had a short term trade that coincided with the long term one, I posted it, but anyone being a l/t investor, feel free to contact me to see how the trades are progressing.

**** flat now **** (s/t trades)

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 18/01): USD 3,134.3 +56,7%

FULL PAYOUT ON THE FOLLWONG BET

Win USD750 if EUR/GBP never touches 0.7119 at any time before midnight GMT on 18-JAN-05 [inclusive] (NO TOUCH).
Purchase Price (cost of bet) : USD 512.3 .. FULL USD750 PAYOUT, RESULT +USD237.7

**** flat now ****

========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 21,093 +62,20% (CFD's only) (as of trades closed, last date 18/01/2005)

===CFD's======

TRADES CLOSED

-Sold 3M Company (US CFD) @ 83.77, closed at 82.87 +1.1%

-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 68, target 56
2. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
3. Sell Siemens (German Market) @ 61.10, stop 65, target 56


===Index Futures=====

ALL TRADES CLOSED

- Sold CAC40 (french index) @ 3.880, closed at 3.870 +10
- Sold FTSE100 (british index) @ 4.840, closed at 4.820 +20

Index Futures' cumulated points (since 17/12/2004) : +602p (this result does not count for the overall portfolio performance)


**************************************************





*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************




Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 35,427.9 +77,15% (18/01/2004) (Index Futures not included)

**************************************************




Best trading to all,

Qwerty

 

[qwertyfx]

new spot fx trade

Hi,

just shorted gbp/chf 2.2180, stop 2.2270, limit 2.21 ... will take profit anyway if I'm 30/40 pips up and move isn't strong enough.

daily update to follow

Qwerty

 

[qwertyfx]

update, 19/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 18/1): USD 13,251 +165.02%

NEW TRADES OPEN, 19/1/2005

- Short Gbp/Chf 2.2180, stop 2.2270, target 2.21 **
- Long Eur/Gbp 0.6945, stop 0.6885, target 0.6970 **
- Long cad/jpy 83.60, stop 82.90, target 84.10 (risky trade, better to trade it with half the normal size)

** These 2 are 1hr chart trades. In the Gbp/Chf case, having 30/40 pip profit booked is ok, and so is 15 for the Eur/Gbp. It coincided that I had them while preparing the daily-update for the forum, so I called them out here.

Technically speaking : I want to reiterate this: on a weekly basis closing levels, Usd/Cad should be hold open long (target 1.32), as well as these trades should be hold in a l/t basis portfolio : long usd/jpy, short eur/usd, long usd/chf and short gbp/usd.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 18/01): USD 3,134.3 +56,7%

**** flat now ****

========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 21,093 +62,20% (CFD's only) (as of trades closed, last date 18/01/2005)

===CFD's======

NEW TRADE OPEN, 19/1/2005

Aggressive traders may want also to try this one :

- Shorted Commerzbank (Germany CFD) @ 16.40, stop 20, target 12

-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 68, target 56
2. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
3. Sell Siemens (German Market) @ 61.10, stop 65, target 56


===Index Futures=====

**** flat now *****

Index Futures' cumulated points (since 17/12/2004) : +602p (this result does not count for the overall portfolio performance)


**************************************************





*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************




Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 35,427.9 +77,15% (18/01/2004) (Index Futures not included)

**************************************************




Best trading to all,

Qwerty

 

[qwertyfx]

update

Hi,

gbp/chf closed at +40 and eur/gbp at +15 as presented yesterday, flat in spot forex now.

My usual trading update, due at 21-22 GMT as always.

Qwerty

 

[qwertyfx]

new spot fx trade

Hi,

longed eur/gbp 0.6935, stop 0.6880, target 0.699.

Best trading to all,

Qwerty


PS : Daily update will follow later

 

[qwertyfx]

update, 20/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 20/1): USD 13,565 +171.30%

CLOSED TRADES 20/1/2005 (intraday calls)

- Short Gbp/Chf 2.2180, closed 2.2140 +40 +$174
- Long Eur/Gbp 0.6945, closed 0.6960 +15 +$140
- Long cad/jpy 83.60, closed now 83.80 +20 +$95
- Long Eur/Gbp 0.6935, closed now 0.6925 -10 -$95

***** flat now *****

Technically speaking : Holding this view (will do for some weeks): on a weekly basis closing levels, Usd/Cad should be hold open long (target 1.32), as well as these trades should be hold in a l/t basis portfolio : long usd/jpy, short eur/usd, long usd/chf and short gbp/usd.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 18/01): USD 3,134.3 +56,7%

**** flat now ****

========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 21,093 +62,20% (CFD's only) (as of trades closed, last date 20/01/2005)

===CFD's======

CLOSED TRADE20/1/2005

- Sell Siemens (German Market) @ 61.10, closed flat.


-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 68, target 56
2. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
3. Shorted Commerzbank (Germany CFD) @ 16.40, stop 20, target 12

===Index Futures=====

**** flat now *****

Index Futures' cumulated points (since 17/12/2004) : +602p (this result does not count for the overall portfolio performance)


**************************************************




*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************

Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 35,741.9 +78,75% (20/01/2004) (Index Futures not included)

**************************************************



Best trading to all,

Qwerty

 

[qwertyfx]

update, 21/1/2005

Here is my trading update:

==============
1. Spot Forex
==============

Account initial balance : USD5,000
Account current equity (closed trades 20/1): USD 13,565 +171.30%


***** flat now *****


Technically speaking : short term strength from the majors against the USD. Eur/Gbp should've yielded some pips should I had stayed in it longer. Next week more.

===============
2. BetonMarkets.com
===============

Account initial balance : USD2,000
Account current equity (closed bets 18/01): USD 3,134.3 +56,7%

**** flat now ****

========================
3. CFD's & Index Futures
========================

Account initial balance : USD13,000
Account current equity : USD 21,093 +62,20% (CFD's only) (as of trades closed, last date 20/01/2005)

===CFD's======

-Monitoring open trades : (holding positions)

1. Sold Altria Group (US CFD) @ 62.81, stop 68, target 56
2. Buy Infineon (German Market) @ 7.60, stop 7.10 target 8.60
3. Shorted Commerzbank (Germany CFD) @ 16.40, stop 20, target 12

===Index Futures=====

**** flat now *****

Index Futures' cumulated points (since 17/12/2004) : +602p (this result does not count for the overall portfolio performance)


**************************************************





*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
**************************************************


Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 35,741.9 +78,75% (20/01/2004) (Index Futures not included)

**************************************************




Best trading to all,

Qwerty

 

[tcksee]

Look forward to viewing your web site keep us informed and best wishes for further success

 

[qwertyfx]

to tcksee

Hi,

I will keep you all informed when things are ready. I also would like to thank you tcksee for taking time to read this thread and giving your feedback, I really appreciate it.

Qwerty

 

[steveosborne]

Price Trends and Behavioral Inconsistencies

Hi,

I use what I have denominated CWS (Contrarian Work System). How does it work? Well I have adjusted my way of trading to defining divergences between momentum indicators. I use my own entry and exit signal generator (mostly based on a third momentum indicator which acts as the signal trigger), and I focus on markets diversification as a very key factor to my success and money management as well. Feel free to contact me with your questions ... site will be up soon.

Qwerty

I posted a thread titled "Was it Technical Analysis or Geopolitics?" in which I talked about identifying inconsistencies as a way to recognize turn around points. Looking for inconsistencies and desequilibriums sounds similar to having a contrarian attitude but, actually, I just don't see how the contrarian approach can work in theory because of the length of time during which trends build up.

The process is gradual (and can take a lot of time) because, being in a competitive environment, market participants continuously re-evaluate the way they form their anticipations by comparing what they do with what the market actually does. This is how price trends become self-reinforcing processes, especially when they affect the fundamental variables they are supposed to reflect. A good example of speculative activity that reflects and affects real variables and feeds vicious circles is FX trading. That's why the FX market has very long trends.

At the end of an extended period of rising stock prices, you get to the point where bulls don't care about bears at all because everybody's expectations became the result of an extended period of continuous re-evaluation during which everybody was learning to mimic each other. At that point, you also see newcomers joining in to get their piece of the action, excited by propaganda: Information based on a limited and distorted interpretation of the reality. But trends usually change direction (like the Dow at the end of last month) before reaching such an extreme point where prices have bubbled. At my opinion, inconsistencies is what determines whether a trend has gone far enough, even if the trend is recent.

So, what's the logic behind the contrarian approach? It's a basic question but for which there are probably many interesting answers. And how can it work, considering the gradual nature of price formation?

 

[ducati998]

Steve,
The quick and short answer to your question regarding "contrarian" is that technical traders by definition cannot be contrarian.
Contrarian is associated with finding, or recognising value, and realising that value into profit in the face of overwhelming opinion to the opposite.

Technical traders cannot recognise value, as they cannot calculate value. Technical trading is nothing more than following momentum. Therefore by definition must follow the herd, the very anti-thesis of contrarianism

Cheers d998