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).

Weekly Report- Week 2

Not so much trading this week, but the result is good. We banked 3,9%% profit for the week. The market wasnt as volatile as we hoped but the trades that we did open moved our way pretty nicely. Yesterdays EurJpy trade was good for 1,1% but we closed it early. If we would leave it open the profit for the week would be 2% higher. Todays only trade was GbpUsd which gave us 0,3%. We are expecting next week to be more active, especially from Tuesday on. We do not expect much on Monday since there is a Bank holiday in the US.

February 16, 2012 Trading

There was not much movement today but still..... We opened 2 trades, the first one being a short on EurUsd in the morning. The trade was up 30 pips already but it came back and hit our trailing stop for 0,1% profit. Second trade was a long on EurJpy and that was out trade of the day. We took out 1,1% in just about 90 min. We had a buy limit set and it got hit to the pip. The price immediately reversed and gave us some nice profits. Satisfied with the trading today.

February 14, 2012 Trading

No new trades opened today. We closed the NzdUsd trade from yesterday for 1% profit. Lets see what rest of the day brings.

February 13, 2012 Trading

We opened two positions today. As we showed you yesterday 2 currency pairs were on our watch list and we went short on both in the morning. We closed out AudJpy for 1,5% profit and NzdUsd is still opened and at -6 pips at the moment. We are most likely keeping this position opened over night with stop loss set. Even if the price hits the stop, we will be in + for today. All in all, a good start of the week:-)

Weekly Preview- Week 2

We are watching the NzdUsd and AudJpy for next week. There may be some good trading opportunities on those two pairs, especially NzdUsd is showing great potential even for a longer term trade. Lets see how it develops....

Weekly report- Week 1

It was an interesting week. We had quite a few trades and were in nice profit by the end of the week. Currently we are holding a GbpUsd trade which is 0,3% down at the moment. Overall weekly profit is 3,5%. We are hoping that in the coming week there will be more volatility in the markets and that we can have even better results. The volatility this week was very low for most of the time so it was hard to trade. Many trades were closed at BE+1 because there was not enough liquidity to push through different support and resistance zones. Still profitable week, nothing to complain about:-)

February 9, 2012 Trading

We took a few EurUsd trades today, some long some short. We ended up with 0,7% overall profit. Currently we are short on UsdChf with about 0,3% floating profit. Stop loss is 30 pips away. Will update when we close the trade.
Update: Trade on UsdChf was closed for 0,5% profit. Overall profit for today is 1,2%.

February 7, 2012 Trading

It was a long trading day. We had a position opened overnight on Nzd/Usd which was stopped out during the night for about 30 pips. In the morning another short was taken on the same pair for another small loss of 20. The Eur/Usd trade was taken on a pullback for 15 pips profit and "the trade" was a long on EurJpy for about 80 pips profit. Managed to finish the day with 0,7% profit. Not the best of days but every profit counts;-)

Trading Reports

We will be updating the blog with trade reports, screen shots and trading statistics every weekend from now on. You will be able to see which trades we took, leverage, pips and gain %. Also we will show you the time in trade and overall profits/losses for the week. We try to do everything as transparent as we possibly can. Our Transparency means safety and that is our main concern.

Trade (picture) example 5- EurCad 12.12.2011

This is the same trade on EurCad as in the previous video we posted. We closed half of the position for 1.1% profit and the rest we were holding until the TP was hit for total profit of 2.9%. You can check out two screen shots of the trade. 

Trade (video) example 5- EurCad 12.12.2011

Here is a little video my partner made for easier presentation. Watch it closely and you will see the features on the MT4 platform that we use and how we use it. Our clients see exactly what you will see in the video. 

Something for motivation;-)

Enjoy!

Trading Time

Most of our trades are opened in the London session. Position holding time can be from a few hours to few day. Our longest time in a trade was 2 weeks and it gave us 600 pips on GbpUsd pair. We never keep loosing positions for more than a day, because our stops are so low. If the trade goes against us it usually gets to stop loss in a couple of hours. We only hold the winning positions for a longer period of time.
We consider our trading style to be very elegant with not many trades opened but the ones we do open are  90% in profit. Our charts are clean and to the point, we dont use unnecessary indicators, only MACD to find the optimum exits. 

Trade example 4- EurNzd 14.4.2011

Here is a example of a longer term trade. We were holding this position for about a week and we took out about 420 pips profit. The risk on this trade was 1% with 45 pips SL set. Because we were taking small portions of profits out as the price was going down, we made 6,2% all together on the trade. You might notice that the template is different than the ones before. That is because we use different templates for different pairs and timeframes. Each template is designed to best fit the traded pair and its behavior.

Account opening

Before you open an account at our broker, you will need to contact us for details. We will send you the link  that will be used by you to open your account. For account opening you will need to send FinFx a copy of your ID (passport, ID card, drivers licence...), utility bill (electric bill,internet bill, stacionary phone bill) with your name and address clearly visible and not older than 3 months to verify your permanent address and a copy of your bank account statement. In the bank account statement you can erase all the info about your money flow. They just need to see your name, IBAN and SWIFT (BIC) code to verify the info you will give them in the account opening application. The account is usually opened within a day or two. After the account is opened and verified you will receive a LPOA contract.  You fill it out with you account FinFx account number and name and send it back to them. Once it is approved, your account is connected to our master account and we start trading for you. The whole process takes about 3-4 business days. 

Deposit/Withdrawal

Our clients have more a few different deposit options. The best is via bank wire but there is also an option to deposit via credit/debit card or Moneybookers. You can find the info at www.finfx.fi.
Withdrawals can be made every first Friday of the month. That is the NFP day and we dont trade at that time. Client can withdraw any amount they wish, there is no limit. Withdrawals are made the same way the deposit was made. That means that if the Client made a deposit via bank wire, they can only withdraw via bank wire and into the account the deposit was made from. That is one of the safety features that are implemented by all good Forex brokers. The money you withdraw will always come back to the account you sent it from.
You can find the deposit options here - https://www.finfx.fi/en/payment-options#wire-transfer.

Broker

Our chosen broker is FinFx- https://www.finfx.fi/. It is a Finnish broker and it is a good choice for us. Their liquidity provider is Integral and they are backed up by the Nordea bank-http://www.nordea.com/. That gives you assurance that your money is safe. 

Performance fee

The Performance fee depends on the size of investment. For smaller investments the Performance fee is 45% of the monthly profits. That means that the Client keeps 55% of all the profits made that month. For larger investments the Client receives bigger percentage of the monthly profits. The Performance fee is determined in the LPOA contract which every client has to sign before we start trading for them. It is calculated on monthly basis and is done automatically by the PAMM technology.  

Results

Our profits vary from month to month. We can achieve anywhere from 5%-30% monthly. In Forex trading there are no guarantees. The only guarantee is that if there is a 35% loss of your investment, all trading is immediately stopped and the Clients decide for themselves if they want to continue. That means that every client risks only 35% of their investment. Until now the highest drawdown(DD) was about 10%, so not even 1/3 of the allowed risk. We always try to keep the DD small, under 3%. That way we protect the capital of our Clients and keep their nerves calm.

Trade example 3- CadJpy 24.1.2012

The trade on CadJpy was taken on 30 min time frame. The initial stop was about 50 pips away, you can see it on the chart. The risk was 1,5% and we clsoed the trade for 65 pips profit which made us about 1,7% profit.

Trade example 2- UsdChf 24.1.2012

This trade was taken with a 25 pips stop. That translates in 1% risk per trade. We closed the trade for 45 pips which means about 1,8% profit out of the trade. This was what we call "continua

tion after consolidation" trade on a 15 min time frame.

Trade example 1- EurUsd 26.01.2012

Here is the EU trade from last week. Initial stop was 15 pips which was 1% in account value. We were closing parts of position every 20 pips and moving stops as the price advanced higher. At the end we took about 3,5% out of the trade.

Clients Account Example

Here is a an example of how clients account looks like. The templates we use for the charts are different from those, Clients see in their accounts. Every client has 24/7 access to their account on MT4 platform. Clients can always follow our trading in real time, they just login and watch the charts or follow the trade tab.  In the account Clients can see their account number, name, balance, trading history, current open trades..... What Clients will not see is Stop Loss (SL) and Take Profit (TP) values. That protects us as managers from revealing our entire trading know-how. 

Trading Strategy

We use a complex technical analysis based on chart patterns and statistical data. Trend lines, support/resistance levels in combine with average daily, weekly, monthly ranges are used to get more confidence. No indicators are being used with exception of MACD divergences for must reach targets. Main move of all time frame tactics to get more information about the way the pair chooses to go during a period of time. Risk per 1-2%. Always targeting the risk/reward ratio of nothing less than 1/3.

What We Do

 

We are a group of full time traders and we manage accounts in clients

behalf in the Forex market. In a managed account clients own the

currencies that make up your portfolio. Unlike mutual funds or hedge

funds, which commingle your funds with other investors, a managed

account is in clients name and all or part of your funds can be redeemed

within one day.

How it works, is the investor opens up an account at a brokerage firm, the
investor then funds his or her account. No one can touch the money in this
account but the investor. The trader cannot even deposit or withdraw funds
from the investor's account, and the investor retains full access and
control over the account at all times. A managed account allows an investor
to have their funds traded professionally by an experienced trader via a
limited power of attorney agreement (LPOA).

The funds in clients forex trading managed account are in your name at the
broker. You are the proprietor of this account and the only one who can
make deposits to or withdrawals from this account. The only power you grant
to the trade manager for the managed program is the power to trade your
account through a Limited Power of Attorney, which also authorizes the
deduction of the agreed performance fee/profit share stated on the Limited
Power of Attorney.

A managed forex account enables the trader to trade an investor's account
on their behalf without having to transfer the funds into his account. It
is the ideal way to have your money traded for maximum safety and control.
Clients can check the balance of your account at anytime, see the daily
trade activity, or withdraw or deposit funds when you please. Clients can
also revoke your LPOA at anytime if they are not happy with how the trader
is managing their funds.

The trader managing the account trades all investor's accounts as one large
master account using PAMM or LAMM, or MAM software, which is offered by
most leading brokers. The PAMM (Percent Allocation Management Module, which
we use) distributes gains, losses and fees on an equal percentage basis. In
this way all accounts regardless of size obtain the same percentage returns.

Investors are typically granted live read only access to their managed
account either through an online report viewer or the trading platform.
They can then view their account, including balance and activities, however
they will not be able to place their own trades on the account, unless they
revoke their LPOA, which enables the trader the ability to trade on their
behalf.