Happy holidays to everyone. I'm wrapping up my 3 months of trading, with nice returns for all the systems mentioned.
I have opened up an account at one world capital group, as recommended by FreedomRocks. They are paying 3x the swaps, with 400:1 leverage on the 98% correlated pairs EUROUSD and USDCHF. I'm switching to use this pair as it pays decent swaps on a yearly basis and its hedging positions is 98% correlated.
I'm resuming in January 2007.
Sunday, December 24, 2006
Saturday, November 11, 2006
Nov 11th - update
FreedomRocks
The found has found us a new broker, who pays us 3x fxsol's interest rates!
I closed my positions last Friday and jumped back in the market on Thursday. Increased by lots to 7x what the system recommends, and made a nice few trades on Friday.
I'm reclosing my position and going with new broker.
The found has found us a new broker, who pays us 3x fxsol's interest rates!
I closed my positions last Friday and jumped back in the market on Thursday. Increased by lots to 7x what the system recommends, and made a nice few trades on Friday.
I'm reclosing my position and going with new broker.
Saturday, November 04, 2006
First Full Month Results!
FreedomRocks
My results for the month has been no less than spectacular, as I closed my mini trades and all hedge positions with a nice 22% up... I decided to liquidate the hedge so that I can either:
1) move money to interbankfx to gain twice the interests
2) or, buy back gradually larger margin and compound my gains
3) keep in mind I only earned around $210 in interests due to FXSOL cut back its swaps!... but made the rest in trades from going 3 to 5 times recommended lot size
Moving money around could cost me a week of interest and trades... I might just wait for GBPUSD to pull back after its run; however, calling top of the market is difficult and speculative.
I would enter a small 2% position, and gradually increase to 10% as the market pulls back... but this time, my position size will increase according to how much the market pulls back... for example, if a currency pair pulls back 100 pips, I would buy in at 0.03 lot, if it keeps pulling back another 100 pips, I would increase next position to 0.06 lot, and again to 0.09 if it pulls back another pips... but not to exceed 0.09 thereafter.
GMT system is going along as usual, and I am writing various EA in demo mode to automate some of the mudane market movement.
I'm trying to put content together for www.currencyhedger.com , to discuss hedging and create new EA to help us trade.
My results for the month has been no less than spectacular, as I closed my mini trades and all hedge positions with a nice 22% up... I decided to liquidate the hedge so that I can either:
1) move money to interbankfx to gain twice the interests
2) or, buy back gradually larger margin and compound my gains
3) keep in mind I only earned around $210 in interests due to FXSOL cut back its swaps!... but made the rest in trades from going 3 to 5 times recommended lot size
Moving money around could cost me a week of interest and trades... I might just wait for GBPUSD to pull back after its run; however, calling top of the market is difficult and speculative.
I would enter a small 2% position, and gradually increase to 10% as the market pulls back... but this time, my position size will increase according to how much the market pulls back... for example, if a currency pair pulls back 100 pips, I would buy in at 0.03 lot, if it keeps pulling back another 100 pips, I would increase next position to 0.06 lot, and again to 0.09 if it pulls back another pips... but not to exceed 0.09 thereafter.
GMT system is going along as usual, and I am writing various EA in demo mode to automate some of the mudane market movement.
I'm trying to put content together for www.currencyhedger.com , to discuss hedging and create new EA to help us trade.
Sunday, October 29, 2006
Oct 22nd-29th
So far the FR system has been excellent. The open positions are in profit as the GBPUSD swings higher. There were several trades trigger for yen, swiss and pound. Overall, the system posted $70 in interests, three trades of $97 to $105 a piece.
I'm up over 13% since inception, drawdown +$150.
At this point, I believe the equity drawdown is now mitigated, as my account balance has grown to offset a +/-10% swing in the portfolio.
Disclaimer: Past performance is not an indication of future performance.
I'm up over 13% since inception, drawdown +$150.
At this point, I believe the equity drawdown is now mitigated, as my account balance has grown to offset a +/-10% swing in the portfolio.
Disclaimer: Past performance is not an indication of future performance.
Wednesday, October 25, 2006
Oops. Can't post results any more
Oops. Just went through complianc training. It appears that i cannot place any results here, only historical return range plus alot of disclaimer.
I have to remove these reportings or they might terminate my freedomrock representation. Sorry guys, you can always email me to get a copy of trading statement.
Cleaning up...
I have to remove these reportings or they might terminate my freedomrock representation. Sorry guys, you can always email me to get a copy of trading statement.
Cleaning up...
Friday, October 20, 2006
October 16-22nd Updates
First of all, I want to thank all of those you signed up under me for FreedomRocks system. It helps to motivate me to have people following my trading activities and helping out each other to create an additional income stream. Aside from the money, it's the learning a new financial tool that makes it exciting.
If you decide to join FreedomRocks or any other system, please have an entry, exit, and money management plan. Don't over trade your account size. Market will always be there, and we can always come back and fight another day.
As usual, don't hesitate to contact me via email khustin@safe-mail.net if you want more explanations, have a question, or want to see some proof of trading activities. I can't post PDF on this blog. I need to migrate to another platform.
FreedomRocks Update - For starting traders
There has been some nice corrections this week from various currencies such as EUROUSD and GBPUSD being oversold. This helps FreedomRocks system quite a bit by bringing drawdown into positive territory from $-1200 to +$104.
I got three trades: USDJPY, CHFUSD, and GBPUSD with a little bit of gains and swaps.
{stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
FreedomRocks Signup
GMT Systems for intermediate/advanced traders
100% hedges
GBP/JPY has been quiet for the past two weeks until Friday. This currency is on a rampage for the last year and will continue to go up as GBP will increase its rates and JPY economy remains more or less the same. Plus carry traders love this currency and will jump into to make it stable.
The interests payment is still $22.4 a lot, seen as high as $30 this week. But due to interest rates increases from central banks in Europe, this will keep going up, while Japan will prop its economy with artificially low rates.
Total Interests earned on 4 lots so far: $1000 (expecting $2700 a month).
System challenges:
1) big swings in the market requires that I deposit more cash into the hedge account. I might have to reset it soon costing me about $150 to reset to pay the spread.
2) I got caught on the wrong side from shorting currency without proper stops. This essentially wiped out all my piggy trade profits. {keep in mind piggy trade is meant to keep the broker happy from trading activities}.
3) Lesson - never over trade, and always go buy piggy long on the short gbpjpy account. This will cancel out margin requirements.
If you decide to join FreedomRocks or any other system, please have an entry, exit, and money management plan. Don't over trade your account size. Market will always be there, and we can always come back and fight another day.
As usual, don't hesitate to contact me via email khustin@safe-mail.net if you want more explanations, have a question, or want to see some proof of trading activities. I can't post PDF on this blog. I need to migrate to another platform.
FreedomRocks Update - For starting traders
There has been some nice corrections this week from various currencies such as EUROUSD and GBPUSD being oversold. This helps FreedomRocks system quite a bit by bringing drawdown into positive territory from $-1200 to +$104.
I got three trades: USDJPY, CHFUSD, and GBPUSD with a little bit of gains and swaps.
{stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
FreedomRocks Signup
GMT Systems for intermediate/advanced traders
100% hedges
GBP/JPY has been quiet for the past two weeks until Friday. This currency is on a rampage for the last year and will continue to go up as GBP will increase its rates and JPY economy remains more or less the same. Plus carry traders love this currency and will jump into to make it stable.
The interests payment is still $22.4 a lot, seen as high as $30 this week. But due to interest rates increases from central banks in Europe, this will keep going up, while Japan will prop its economy with artificially low rates.
Total Interests earned on 4 lots so far: $1000 (expecting $2700 a month).
System challenges:
1) big swings in the market requires that I deposit more cash into the hedge account. I might have to reset it soon costing me about $150 to reset to pay the spread.
2) I got caught on the wrong side from shorting currency without proper stops. This essentially wiped out all my piggy trade profits. {keep in mind piggy trade is meant to keep the broker happy from trading activities}.
3) Lesson - never over trade, and always go buy piggy long on the short gbpjpy account. This will cancel out margin requirements.
Saturday, October 14, 2006
October 8-15 updates
Another steady week of trading activities. I'm available on SKYPE as "forexedge", so don't hesitate to contact me about my trading activities and FreedomRocks experience.
I think with recent HYIP fallout, it's best that we all learn to trade for ourselves without much effort. The philosophy is to take safe reasonable trade size calculated risks, and get steady returns. These HYIP programs are risking way too much margin. Statistically, they will fail due to one or two bad trades. They are always under pressure to produce spectacular returns to pay themselves and speculators.
My approach is to find a system that has least drawdown and excellenet returns, and scale up with more margins and money.
The theme for this blog is "take control, take charge, trade for yourself, become indepedent of other people's actions".
I believe FreedomRocks offer decent returns with reasonable drawdown (as long as you make small trade size and small margin hedges). Sign up under forexedge, and I'll do my best to support you FREEDOMROCKS SIGNUP
FreedomRocks - Good entry point to learn hedging, Forex, and make some money!
FXSOL - the recommended broker platform for FreedomRocks reversed its swap policy and is now paying interests once again! FreedomRocks has about 2000 customers trading with FreedomRocks. So the lobbying seems to have helped.
I had changed my mini trade size from 0.03 lot to 0.05. My profit went up to $112 to $121 per trade. Pretty happy about that... The portfolio does seem to be out of balanced, but if it does, I'll probably readjust quickly. This lot size is about 5% of the hedge position. Ten of these could quickly imbalance the hedge positions... so I must be careful. Others have tried up to 12% and seems to have no problem (yet).
For those who are beginning, please demo with 7.5% margin and make your trade about 0.03 lot size. You should see acceptable drawdown (10%), decent interests, and profitable trades.
Since Inception:
{stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
So far so good. Made some good numbers:
1. 100% Hedge - {stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
2. GMT Hedge - {stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
3. Piggy trades on GBP/JPY lot size 0.01 , profit target 8-12 pips to keep interest free brokers happy : made $150, lost $120 due to trades caught in high market range.... lesson #2 - remove greed/fear and replace with logical trading plan. Learn to straddle!!!!
4. Studying Grid Trader EA combined with hedging - paper traded 144 trades this week, made $150 on 0.01 lot size, profit target of 10 pips, with open position of +$2... no drawdown yet for the week. Not bad! If I just trade with 0.03 lot size, we're looking at $450. Refining and finding a broker to do this.
Summary - Not a bad week. Let's see if we can keep this up. So far, all of my trading strategies have cleared all drawdown and sailed into profit level. Lets see what October brings.
I think with recent HYIP fallout, it's best that we all learn to trade for ourselves without much effort. The philosophy is to take safe reasonable trade size calculated risks, and get steady returns. These HYIP programs are risking way too much margin. Statistically, they will fail due to one or two bad trades. They are always under pressure to produce spectacular returns to pay themselves and speculators.
My approach is to find a system that has least drawdown and excellenet returns, and scale up with more margins and money.
The theme for this blog is "take control, take charge, trade for yourself, become indepedent of other people's actions".
I believe FreedomRocks offer decent returns with reasonable drawdown (as long as you make small trade size and small margin hedges). Sign up under forexedge, and I'll do my best to support you FREEDOMROCKS SIGNUP
FreedomRocks - Good entry point to learn hedging, Forex, and make some money!
FXSOL - the recommended broker platform for FreedomRocks reversed its swap policy and is now paying interests once again! FreedomRocks has about 2000 customers trading with FreedomRocks. So the lobbying seems to have helped.
I had changed my mini trade size from 0.03 lot to 0.05. My profit went up to $112 to $121 per trade. Pretty happy about that... The portfolio does seem to be out of balanced, but if it does, I'll probably readjust quickly. This lot size is about 5% of the hedge position. Ten of these could quickly imbalance the hedge positions... so I must be careful. Others have tried up to 12% and seems to have no problem (yet).
For those who are beginning, please demo with 7.5% margin and make your trade about 0.03 lot size. You should see acceptable drawdown (10%), decent interests, and profitable trades.
Since Inception:
{stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
So far so good. Made some good numbers:
1. 100% Hedge - {stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
2. GMT Hedge - {stats edited out due to compliance regulation - contact me }... historical data does not guarantee future performance.
3. Piggy trades on GBP/JPY lot size 0.01 , profit target 8-12 pips to keep interest free brokers happy : made $150, lost $120 due to trades caught in high market range.... lesson #2 - remove greed/fear and replace with logical trading plan. Learn to straddle!!!!
4. Studying Grid Trader EA combined with hedging - paper traded 144 trades this week, made $150 on 0.01 lot size, profit target of 10 pips, with open position of +$2... no drawdown yet for the week. Not bad! If I just trade with 0.03 lot size, we're looking at $450. Refining and finding a broker to do this.
Summary - Not a bad week. Let's see if we can keep this up. So far, all of my trading strategies have cleared all drawdown and sailed into profit level. Lets see what October brings.
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