$5k to infinite

Great move Xaron.......To 5500.00in firstweek!......Keep it up Champ! 10% in your first week...WOW.............Howkra

Right, here comes the first week which started great with over 10%:

http://www.xaron.net/dl/fx/2009/aud/account_071109.png

http://www.xaron.net/dl/fx/2009/aud/...ons_071109.png

http://www.xaron.net/dl/fx/2009/aud/...s_061109_1.png

http://www.xaron.net/dl/fx/2009/aud/...s_061109_2.png

http://www.xaron.net/dl/fx/2009/aud/...s_061109_3.png

Thanks. Yes I trade EUR/GBP from time to time. It's a good thing to avoid the USD and I think that the Euro will outperform the Pound in the long run.

I think I've posted a link to my system which is not a system with clear entries and exits but more some very discretionary. I try to avoid 5m charts even though I sometimes remember my Phil Nel 5m times and use them for entries if I see a good chance.

Thanks Howkra. I've been lucky this week. With a stronger Euro and me as a (mainly) Perma-USD-bear this was just great.

This what you do Xaron is very infectious, and I think all of us think that we would like to be in your shoes. What is the most exciting that your technique is stable and you are going step by step to reach your goals. Thats very impressing. I`ve tryed something like you too, but I was successfull just maybe 2 weeks, and then I stopped. I made 50% of my account, and now I am -8% of my account. So I don`t have stable system, stable growth.
Respect from me, and I hope to reach as much as you.
Ps: hope to see how does infinite looks like

Good morning!

Review

A return to fundamentals? Friday's NFP came in worse than expected and unemployment rose to 10.2% where 9.9% were expected. Now normally this would had hammered stocks and the currencies due to the safe haven flows into the Dollar but not this time. There was just a knee jerk reaction and currencies started to rally again vs the Dollar. I booked some nice profits and added new longs after it went down again on Friday evening. Looking at the screen right now this was a good decision.


Analysis

There might be the insight that the interest rate in US will stay low for a long time and the rest of the world might hike before the FED, in Europe Norway already started hiking. No question the Dollar will get some love again but this will be more a corrective move even though it can have a size of 1000 pips or more. But for now it's just good to see more stable currencies to gain vs the Dollar as it should be. There is still so much liquidity out there that I don't think this is overheatet yet. My next target for the Euro is around 1.54.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_091109.png


Prices

AUD/USD 0.9270
EUR/GBP 0.8920
EUR/USD 1.4970
GBP/USD 1.6770
USD/CAD 1.0640
USD/CHF 1.0090
USD/JPY 90.10
USD/NOK 5.6200
Gold 1106
Silver 17.70
Oil 77.00
Dax 5550
Dow Jones 10070


Account Summary

Starting date: 03-Nov-09
Starting Balance: $5,000

http://www.xaron.net/dl/fx/2009/aud/account_091109.png

Xaron XWILC you are absolutely amazing. Now you are at 20% NAV in less than a month with peanuts for leverage.. Amazing.

Thanks smjones. But of course this was a bit of luck as well. It's not that hard to make money actually, it's hard to not lose it again. Will have to be more cautious during Dollar strengths moves...

Good morning!

Review

Not much to say actually. Euro stalled around 1.50 but didn't go down that much in the Asia Session. Stocks rallied as well and I still hope for a decoupling of stock markets and the currencies. Gold is around 1100 and Euro right below 1.50. I dropped that stupid USD/JPY long trade at break even as I think this might go down to 84.00 as the next target.


Analysis

We might see some profit taking which will be another dip buying opportunity for me. I just added another long in the Euro, Aussie and Cad.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_101109.png


Prices

AUD/USD 0.9280
EUR/GBP 0.8980
EUR/USD 1.4990
GBP/USD 1.6680
USD/CAD 1.0580
USD/CHF 1.0070
USD/JPY 89.80
USD/NOK 5.5800
Gold 1100
Silver 17.40
Oil 77.40
Dax 5640
Dow Jones 10200


Account Summary

Starting date: 03-Nov-09
Starting Balance: $5,000

http://www.xaron.net/dl/fx/2009/aud/account_101109.png

Good morning!

Review

Not that good times for Dollar bulls. The Euro ranged a bit as well as the stock markets but made a huge move this morning. China had some strong economical reports which were better than expected.


Analysis

The Dow has still some room to the old highs and the Fed doesn't do anything to support the Dollar. There are rumours about knockout barrier options at 1.51 and some big players buying the Euro so we might see that level today. I've lifted my target for half of my Euro longs to 1.5080.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_111109.png


Prices

AUD/USD 0.9330
EUR/GBP 0.8970
EUR/USD 1.5030
GBP/USD 1.6750
USD/CAD 1.0460
USD/CHF 1.0050
USD/JPY 89.80
USD/NOK 5.5600
Gold 1116
Silver 17.60
Oil 77.50
Dax 5660
Dow Jones 10290


Account Summary

Starting date: 03-Nov-09
Starting Balance: $5,000

http://www.xaron.net/dl/fx/2009/aud/account_111109.png

Good morning!

Review

Nothing but ranging yesterday. I was a bit too optimistic and did not realize that there was a bank holiday over there in the US. Well oh well. Sometimes it's better to take some profits. The Euro was capped at 1.5048 and went down to 1.4950 in very thin liquidity profit taking. Now fighting with 1.50 again.
Gold is rallying, I used a dip below 1,100 to buy a bit. Will hold that for a target of 1,200. I added a small USD/JPY short as well.


Analysis

We are in November and this is the month were a lot of hedge fonds close their books and start to plan for the next year. So expect some profit taking in the last 1-2 weeks of November. I think that the Euro will reach 1.55 by the end of the year. I will use any Dollar strength as dip buying opportunity but don't want to add too often like in the past. Discipline is the key here.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_121109.png


Prices

AUD/USD 0.9330
EUR/GBP 0.9060
EUR/USD 1.4970
GBP/USD 1.6540
USD/CAD 1.0450
USD/CHF 1.0080
USD/JPY 89.70
USD/NOK 5.5900
Gold 1117
Silver 17.60
Oil 77.80
Dax 5670
Dow Jones 10270


Account Summary

Starting date: 03-Nov-09
Starting Balance: $5,000

http://www.xaron.net/dl/fx/2009/aud/account_121109.png

Nice going .......Held your own in this ranging mkt during the holiday here in the US today!.............I sat it out................Howkra

Xaron, thanks for sharing your basic thoughts on a regular basis. You're absolutely right: It's harder to keep money, than to earn it from Forex.

Good morning!

Review

Added more longs yesterday on the way down. 1.48 in the Euro and 9200 in the Aussie gave some support. I'm quite big leveraged and have to learn that the position sizing is not the same as in my Euro account as the margin requirements differ. Still looks like profit taking to me in the currencies.


Analysis

Stock markets seem to run out of steam and I think we might see a correction. But I don't think that this would lead to excessive Dollar strengths as this "safe haven" stuff is not that valid anymore in my opinion. I still stick to my long view and will add more if it goes down.


Plan

Watch the 1.48 in the Euro closely as this seem to give some support.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_131109.png


Prices

AUD/USD 0.9280
EUR/GBP 0.8930
EUR/USD 1.4890
GBP/USD 1.6670
USD/CAD 1.0510
USD/CHF 1.0150
USD/JPY 90.20
USD/NOK 5.6200
Gold 1109
Silver 17.30
Oil 76.50
Dax 5670
Dow Jones 10230


Account Summary

Starting date: 03-Nov-09
Starting Balance: $5,000

http://www.xaron.net/dl/fx/2009/aud/account_131109.png

Danke, Wonko!

Xaron,

I am following your progress. Everything looks good so far. We will get a E/U correction at some point. The question is, will we get a new swing high first? I think it is more likley than not that we will. A new swing high followed by a correction. My new swing high target is 5150 (give or take 50 pips). When the correction happens, it will likley go to at least 4700, maybe even 4625. I would consider 4625 a gift horse buying opportunity!

Good luck and keep buying those dips. One day, the USA will reverse its weak dollar policy....but that day is nowhere in sight present!

Second week, another good one:

http://www.xaron.net/dl/fx/2009/aud/account_151109.png

http://www.xaron.net/dl/fx/2009/aud/...ons_151109.png

http://www.xaron.net/dl/fx/2009/aud/...s_141109_1.png

http://www.xaron.net/dl/fx/2009/aud/...s_141109_2.png

http://www.xaron.net/dl/fx/2009/aud/...s_141109_3.png

Thanks, FX-Petra, nice to see you in my thread.

I agree, there will be a correction and there will be a deep one, but I don't think this will happen this year. Anything down to 1.46/47 will be a great buying opportunity, I agree!

hey good luck Xaron goin great you are.

Wow i'm impressed. Keep up the good work.