Account Update 02.04.2012

Account update for April 2, 2012. Closed the EJ trade for about 60 pips which is 1% profit.

Here is the actual trade. The screenshot has been taken when the trade was in progress...

Account 26.3.2012

We have closed the GbpChf trade for about 17 pips (400$) on Thursday. On Friday we had only one trade, long on AudUsd. We closed it at break even because of the news. After the news the price went our way and if we would hold the trade, the price would hit the TP for about 1,5% profit. You can also see that we had 2 deposits on Friday, 10k each. The balance is now $127k.

Account

We have decided to share one of our managed accounts. We will post the trades and the profits here every day. It will be a screen shot... The account is about $100k. It is a new account and we will be posting this account here as it grows. We will be getting another deposits to the account soon and you will be able to see that as well. For security reasons, the account number is hidden.

Weekly Report- Week 4

It has been a good week for us. The NzdUsd trade was not as successful as we hoped, it turned around and hit our stop at BE+1. We made some profits on EurAud shorts but the best pair for trading this week was definitely EurUsd. We made good profits on shorts the past two days. We had one short from 1,3380 and another one from 1,3329 and closed everything at 1,3250. There is more downside to be expected but we are flat and will not be holding any positions over the weekend. All the trades we took this week closed at BE+1 or better so our success ratio was 100%;-) Overall profit for the week was 3,9%.

Trading Week 4

Yesterday we were waiting for German vote on Greece so we didnt trade the market. At the end, the impact was almost non existent. The end of the month is approaching and we are in NFP week so we have to be careful with position opening. We are currently in a NzdUsd short, risking 2% equity and targeting about 6%, maybe even more. The trade is up almost 1% already so lets see how much further it can drop.

Trading Update

This week there is not much trading going on. The market is choppy so it is better to stay out and protect our profits. Still the Greek situation is not completely clear and the markets show indecision. There were trading opportunities this week but we did not get any clear signals so we didnt enter. Markets will pick up next week...

Greek Bailout

A bailout package was reached between Greek and Eurozone politicians, providing the Greeks with financing in exchange for harsh austerity measures that will do very little to help the struggling Greek economy in the long run (and in fact may actually harm any potential recovery).