update, 26/1/2005
Here is my trading update:
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1. Spot Forex
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Account initial balance : USD5,000
Account current equity (closed trades 24/1): USD 13,690 +173.80%
NEW TRADES OPEN
1. Short nzd/usd @ 0.7177, stop 0.7327, target 0.74
2. Short aud/usd @ 0.7750, stop 0.79, target 0.74
<¡!> Aggressive traders may want to try the following trades : short aud/cad, usd/cad, gbp/cad and nzd/cad .. i.e, short the cad against major currencies except the EUR and the CHF. Current prices for further reference : aud/cad @ 0.9540, usd/cad @ 1.2340, gbp/cad @ 2.3210, nzd/cad @ 0.8845. 50 pip target should work.
Technically speaking :I'm a bit disappointed by the resilence of the USD to break above key fibonacci levels on the upside, to lighten the way a bit. However, I still consider the $ long view as my preferred one for now.
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2. BetonMarkets.com
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Account initial balance : USD2,000
Account current equity (closed bets 26/01): USD 3,225.9 +61,3%
FULL PAYOUT ON THE FOLLOWING BET :
1.Win USD500 if EUR/GBP never touches 0.6810 at any time before midnight GMT on 26-JAN-05 [inclusive] (NO TOUCH).
Purchase Price (cost of bet) : USD 408.4 FULL PAYOUT USD500 +USD91.6
Monitoring open bet :
1.Win USD500 if NZD/USD never touches 0.7324 at any time before midnight GMT on 27-JAN-05 [inclusive] (NO TOUCH).
Purchase Price (cost of bet) : USD 419.1
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3. CFD's & Index Futures
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Account initial balance : USD13,000
Account current equity : USD 21,293 +63,80% (CFD's only) (as of trades closed, last date 24/01/2005)
===CFD's======
Monitoring open trades :
1. Sold Birtish American Tobacco (UK Share-CFD) @ 928.25, stop 960, target 900
===Index Futures=====
Monitoring open trades :
1. Sold FTSE100 @ 4,845.00, stop 4,940 , target 4,750
2. Sold CAC 40 @ 3,877, stop 4,000 target 3,740
Index Futures' cumulated points (since 17/12/2004) : +602p (this result does not count for the overall portfolio performance)
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*******GLOBAL DATA & PORTFOILIO PERFORMANCE ********
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Initial capital : USD 20,000 (start of december, 2004)
Current equity : USD 36,158.5 +80,79% (26/01/2004) (Index Futures not included)
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Best trading to all,
Qwerty