From 10k to 1 million...

Good to see you are starting to claw back some of those losses.

Keep up the good work.


Cheers


Kiwi

Thanks Kiwi, I really appreciate it!

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_230309.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_230309.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_220309_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_220309_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_220309_3.png

It's fun to make all those small mini gains... My directional view is clear for now, buy the dips, short Dollar.

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_240309.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_240309.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_230309_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_230309_2.png

Good morning!

Review

My account has grown nicely the last days - thanks to the Dollar weakness. I bought dips and took some profits here, reloaded my grid and so on.


Analysis

Nothing new actually, US news show some kind of a recovery (e.g. home sales) but I wouldn't rely too much on this. General the big fundamentals seem to start to work again and those fundamentals don't shine a light on the Dollar...


Median Grid

No change

AUD/USD: 0.6500 - 0.7500; directional bias: long
EUR/USD: 1.3300 - 1.4000; directional bias: long
USD/JPY: 90.00 - 100.00; directional bias: short
Gold: 800.00 - 1000.00; directional bias: long


Plan

Buy the dips.


Open trades

25-Feb-09 BUY 4 units XAU/USD @963.700
20-Mar-09 BUY 5,000 units EUR/USD @1.36799
23-Mar-09 BUY 5,000 units EUR/USD @1.36501
24-Mar-09 BUY 10,000 units EUR/USD @1.35872
25-Mar-09 BUY 10,000 units EUR/USD @1.35886
25-Mar-09 SELL 5,000 units USD/NOK @6.34252
25-Mar-09 BUY 2 units XAU/USD @926.950

Automated grids:
several open positions...


Leverage: 4.9


Prices

AUD/JPY 68.70
AUD/USD 0.7010
EUR/USD 1.3580
GBP/USD 1.4610
USD/CHF 1.1210
USD/JPY 97.90
USD/NOK 6.4900
Gold 936


Account Summary

Starting date: 08-Jan-09
Starting Balance: EUR 10,000

Account balance: 9,764.21 (-2.36%)
Account equity: 9,452.07 (-3.20%)

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_260309.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_260309.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_250309_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_250309_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_250309_3.png

Good morning!

Review

The last days were tough for me, I did some mistakes by opening too many long positions in the mid of my grid. Actually I had to book some losses which brought down my balance. Nevertheless this was a positive month even though it had only a small gain.

Still nothing new on the fundamentals front. Recession here and there.


Analysis

Today might be important for the Euro as the ECB might cut (or not) but more important will be the talk after that. Will they do QE or not? If not the Euro should gain, if yes it could suffer and go below 1.30 easily... I don't think the ECB will introduce QE for now and the future.

From the G-20 meeting I don't expect anything. It will be the typically bla bla...


Median Grid

No change

AUD/USD: 0.6500 - 0.7500; directional bias: long
EUR/USD: 1.3300 - 1.4000; directional bias: long
USD/JPY: 90.00 - 100.00; directional bias: short
Gold: 800.00 - 1000.00; directional bias: long


Plan

Buy the dips but prepare for a breakout to the downside in the EUR/USD.


Leverage: 10.4


Prices

AUD/JPY 70.20
AUD/USD 0.7070
EUR/USD 1.3260
GBP/USD 1.4560
USD/CHF 1.1480
USD/JPY 99.30
USD/NOK 6.6300
Gold 920


Account Summary

Starting date: 08-Jan-09
Starting Balance: EUR 10,000

Account balance: 9,230.92 (-7.69%)
Account equity: 8,516.83 (-7.74%)

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_020409.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_020409.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_310309_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_310309_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_310309_3.png

http://www.xaron.net/dl/fx/2009/ib/t...s_310309_4.png

http://www.xaron.net/dl/fx/2009/ib/t...s_310309_5.png

http://www.xaron.net/dl/fx/2009/ib/t...s_310309_6.png

Wow, what a day. I've reduced my leverage by closing some trades. This is very remarkable for me, I'm back in the plus...

http://www.xaron.net/dl/fx/2009/ib/account_020409_2.png

Good morning!

Review

The ECB did suprise the markets with a slight cut of 25 bps instead of the expected 50 bps yesterday. That did light some fire under the Euro which went up nicely. So the ECB won't follow the FED with their zero rate and money printing philosophy which is of course good for the Euro and its stability.
I took some profits here and there and had a nice day regarding my trading.


Analysis

The G-20 had a consens. Fine. Will this turn around everything? Probably not. We might see some good stock days, weeks, even months but the next bubble is already there created by the FED by printing money. Inflation will come, Dollar will go down and as the Euro is the counterpart of this pair it will go up (not because the EU is doing so much better). As long as the ECB doesn't start with this quantitative easing sh!t, everything should be fine for the Euro.

The Aussie is doing great as well, and so does the NOK.


Median Grid

No change

AUD/USD: 0.6500 - 0.7500; directional bias: long
EUR/USD: 1.3300 - 1.4000; directional bias: long
USD/JPY: 90.00 - 100.00; directional bias: short
Gold: 800.00 - 1000.00; directional bias: long


Plan

Buy the dips.


Open trades

BUY 4 units XAU/USD @963.700
BUY 2 units XAU/USD @926.420

BUY 5,000 units EUR/USD @1.36799
BUY 5,000 units EUR/USD @1.36501
BUY 10,000 units EUR/USD @1.34641
BUY 5,000 units EUR/USD @1.34427

SELL 5,000 units USD/NOK @6.34252
SELL 5,000 units USD/NOK @6.62005

Automated grids:
several open positions...


Leverage: 4.5


Prices

AUD/USD 0.7130
EUR/USD 1.3430
GBP/USD 1.4700
USD/CHF 1.1370
USD/JPY 99.60
USD/NOK 6.5800
Gold 904


Account Summary

Starting date: 08-Jan-09
Starting Balance: EUR 10,000

Account balance: 10,149.55 (+1.49%)
Account equity: 9,492.91 (-5.07%)

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_030409.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_030409.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_020409_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_020409_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_020409_3.png

Good morning!

Review

Took some profits here and there. NFP came in weaker than expected and the unemployment rate in US is now at 8.5%. Wow. Doesn't look too shiny. But nevertheless, stocks went up, Dollar down, Gold down (there is a rumour that the IMF wants to sell Gold).


Analysis

Risk aversion goes away, and so does the Dollar strength as people start to look at the underlying fundamentals again. I think we head to 1.40 in the Euro now which should be some kind of a resistance. As long as the ECB doesn't follow the quantitative easing path of the FED (and BOE) the Euro should go higher as the Dollar goes down. I don't expect to see the lows again.


Median Grid

No change

AUD/USD: 0.6500 - 0.7500; directional bias: long
EUR/USD: 1.3300 - 1.4000; directional bias: long
USD/JPY: 90.00 - 100.00; directional bias: short
Gold: 800.00 - 1000.00; directional bias: long


Plan

Buy the dips.


Open trades

BUY 4 units XAU/USD @963.700
BUY 2 units XAU/USD @926.420
BUY 2 units XAU/USD @894.500

BUY 5,000 units AUD/USD @0.71349

BUY 5,000 units EUR/USD @1.36799
BUY 5,000 units EUR/USD @1.36501
BUY 5,000 units EUR/USD @1.35582

SELL 5,000 units USD/NOK @6.34252

Automated grids:
several open positions...


Leverage: 3.0


Prices

AUD/USD 0.7180
EUR/USD 1.3550
GBP/USD 1.4930
USD/CHF 1.1270
USD/JPY 100.70
USD/NOK 6.4800
Gold 878


Account Summary

Starting date: 08-Jan-09
Starting Balance: EUR 10,000

Account balance: 10,348.23 (+3.48%)
Account equity: 9,808.31 (-5.22%)

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_060409.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_060409.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_050409_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_050409_2.png

Right, time for another short update. Nothing new, the Euro went down a bit, I added more longs and took some profits here and there. I have a floating drawdown of about 12% currently, still nothing to worry about. But I'll keep watching the 1.31 area in the Euro and will close some longs again if it goes below...

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_090409.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_090409.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_080409_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_080409_2.png

Good morning! Hope you had a happy easter.

Review

I decided to book some losses by closing two positions that were out of the money in the EUR/USD. I added a bigger long after that low in the grid around 1.3160 and stick to that position.

The Dollar was sold all the days. It was sold slowly. I like that because those movements have more importance than fast spikes.


Analysis

Well, Goldman Sachs reported a huge win for the last quarter. Looks like the banks come out of the dust, mhh? At least they might start to do their job again which would be great. If all the money they got start to flood the markets inflation will kick in sooner or later... I stick to my plan, I think the Dollar will continue to weaken.


Median Grid

No change

AUD/USD: 0.6500 - 0.7500; directional bias: long
EUR/USD: 1.3100 - 1.4000; directional bias: long
USD/JPY: 90.00 - 100.00; directional bias: short
Gold: 800.00 - 1000.00; directional bias: long


Plan

Buy the dips.


Open trades

BUY 4 units XAU/USD @963.700
BUY 2 units XAU/USD @926.420
BUY 2 units XAU/USD @894.500
BUY 2 units XAU/USD @879.475

BUY 5,000 units AUD/USD @0.72355

BUY 5,000 units EUR/USD @1.36501
BUY 5,000 units EUR/USD @1.35582
BUY 10,000 units EUR/USD @1.33676
BUY 10,000 units EUR/USD @1.32602
BUY 20,000 units EUR/USD @1.31632

SELL 5,000 units USD/NOK @6.34252

Automated grids:
several open positions...


Leverage: 7.6


Prices

AUD/USD 0.7240
EUR/USD 1.3280
GBP/USD 1.4830
USD/CHF 1.1390
USD/JPY 99.50
USD/NOK 6.4800
Gold 897


Account Summary

Starting date: 08-Jan-09
Starting Balance: EUR 10,000

Account balance: 10,071.60 (+0.71%)
Account equity: 9,399.36 (-6.69%)

Current account:

http://www.xaron.net/dl/fx/2009/ib/account_140409.png

Open positions:

http://www.xaron.net/dl/fx/2009/ib/o...ons_140409.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_130409_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_130409_2.png

Good morning!

My account doesn't look so well at the moment as I had to book some big losses during the last days. I have to admit that my view of the direction of the Euro was wrong - at least in the short term. It's almost clear now, the ECB obviously don't want a strong Euro as it's bad for the export nations like Germany. So they did some "strong dollar" talk lately, especially Mr.Trichet. The Euro broke an important support around 1.2950/3000 yesterday so I decided to book these losses. Right now it looks we'll see a retest of the old lows.
That's all a bit annoying for me but my own mistake as I used too much leverage for that style of trading. Never thought that this support will break... Anyway, ok. Let's go on.

So the ECB doesn't want a strong Euro and the US doesn't want a strong Dollar. Interesting, could this lead to a printing press competition? If so, the ECB will lose this fight...
Looks like the ECB wants to introduce some quantitative easing stuff in their next meeting in may as well? Personally I don't think they'll do it but the markets just take it that way and Mr.Trichet's plan seems to work for now.

That doesn't change my long term outlook for the Dollar which will go down the drain in my opinion.

Account: 8,431.13
NAV: 7,256.82

man! u r too small for such analysis.................... u r just like a ramora in the ocean, trade wot u see and not wot traders speculate.

US want weak dollar, Euro want weak euro......... this looks simple but its beyond a childsplay.

look at ur charts and pull the trigger!

well, i bliv u will recover back wot the mkt has taken from u anyway

Hello!

First of all all the best wishes to you on your journey. I am on the same path, but I have started with a little more (My friend and I are invested for a total of 45,000 USD now, we started last year with abt 35K). I intend to land at the magic number in next 8 years or so.

Now one POV to a fellow trader-I dont concur with your views on USD weakness. USD is going to get very strong in next 3-4 months. EU is bound to touch 1.2000 levels before it starts going up, I saw your EU longs and I was surprised at level of your involvement with the Euro longs. No offense meant really, just MHO.

Take care and trade well.

Nice recovery. Keep it up.