Thursday, November 29, 2012

Forex trades

I have stayed away for the past couple of months and started developing models again for Forex. It seems like I have found a model which works for certain currencies that are volatile enough to make profits. 

Been keeping this to myself and trading it in a separate account. Plan to trade for a couple of month and then introduce/raise money for this strategy. 2 week returns are at 9%

Month end effect

Today is month end again. Coupled with a Friday. Trades have gone against me for the past 3 days, accumulating to all my profits for the month.

Perhaps the strategy should incorporate cutting positions before month end and putting back on at month end.

Tuesday, November 20, 2012

Deluge of Trades

Year end coming, there are lots of signal from my models. However I am wary of year end and thus will be exercising caution towards this festive period.

Thursday, November 15, 2012

October returns

Again, on close to month end, 1 day before and on the day itself, my P&L made a - 5% jump

Unbelievable.

Well it is middle of November now, and P&L have gone down again. Been holding to 3 positions close to 3 months now. Expecting profits soon or I will be out.