$5k to infinite

Good morning!

Review

As I turned on the screens this morning the Euro already was on the way to 1.50. Gold is at 1,130. Wow. Now that lifts my account a huge way up as I'm quite leveraged especially in the Euro.


Analysis

We'll see if we make it through 1.5060 this week. I believe so. Nothing new so far. Looks like the stock markets will have another good week and one has to ask how long this can continue? I don't think we will see a huge drop this year anymore but I expect some profit taking in the last week of November due to hedge fonds closing their books.


Plan

Cash in some profits at 1.50x levels and above. See my TP levels below


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_161109.png


Prices

AUD/USD 0.9350
EUR/GBP 0.8950
EUR/USD 1.4990
GBP/USD 1.6750
USD/CAD 1.0450
USD/CHF 1.0070
USD/JPY 89.50
USD/NOK 5.5600
Gold 1132
Silver 17.80
Oil 76.50
Dax 5760
Dow Jones 10340


Account Summary

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

http://www.xaron.net/dl/fx/2009/aud/account_161109.png

you are running fast already 30%. congrats

Continued good luck Xaron.............Howkra

Xaron,

you have increased your account size by 20% in one week. is that normal for the system you trade in?

ps: can i add you to gtalk?



[quote=Xaron;3235078]Good morning!

Review

As I turned on the screens this morning the Euro already was on the way to 1.50. Gold is at 1,130. Wow. Now that lifts my account a huge way up as I'm quite leveraged especially in the Euro.


A

No, that's not that common. I take some larger risks and the volatility in my account is quite high. But I'm fine with that as it's a small account.


Sure.

Great thread Xaron, you are the man!

Third week, another good one:

http://www.xaron.net/dl/fx/2009/aud/account_211109.png

http://www.xaron.net/dl/fx/2009/aud/...ons_211109.png

http://www.xaron.net/dl/fx/2009/aud/...s_201109_1.png

http://www.xaron.net/dl/fx/2009/aud/...s_201109_2.png

http://www.xaron.net/dl/fx/2009/aud/...s_201109_3.png

Been away for bit and found the new thread. I like to live vicariously through your trading.


Trade Well,
LVG

Hi Buddy ....Almost 7000.00 in a few weeks....WOW!...Good going Xaron ...................................This might be a slow week because od the Holiday here in the USA.....................Happy Trading.........Howkra

Good morning!

Review

Sorry guys, had not that much time last week to write any lines. Somewhen last week I used a temporary high at 1.4960 to close my positions and reposition. I sometimes do that by using cost averaging to close out a whole bunch of positions to get my leverage down. After all it was a good decision as it went down immediately and stopped just at 1.48. My beloved Aussie did even worse and went down to about 9050. So that was all well within my comfort zones so still nothing to worry about. My floating drawdown peaked at about 20% at one time.
Gold rallied like there is no tomorrow! 1,150 last week and this morning even at 1,164. Wow. I noticed some further decorrelation of stocks and currencies, great!


Analysis

The Yen continues to be very strong, something I do not fully understand because it isn't really a safe haven. Might be due to the deflation stuff ongoing in Japan.
Now we have the last week of November (beside next monday) and this could give some volatility due to that hedge funds books closing. I'm almost sure that it happened already last week and I think we saw some profit taking again but no trend change. Why should there one?
I'm quite huge short USD again and will see to scale out of some of my positions. TPs are set.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_231109.png


Prices

AUD/USD 0.9180
EUR/GBP 0.9030
EUR/USD 1.4930
GBP/USD 1.6530
USD/CAD 1.0640
USD/CHF 1.0130
USD/JPY 88.80
USD/NOK 5.6200
Gold 1162
Silver 18.70
Oil 77.60
Dax 5680
Dow Jones 10350


Account Summary

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

http://www.xaron.net/dl/fx/2009/aud/account_231109.png

Good morning!

I'm a bit short of time, so just a short one. I decided to close down my positions yesterday to get my leverage down and allow to reposition my self with much lower leverage. This was a good decision again.
Nothing new, I'll buy more if it goes down and stick to my target of 1.52/53 till end of the year.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_241109.png


Account Summary

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

http://www.xaron.net/dl/fx/2009/aud/account_241109.png

Xaron I noticed your web page with fx managers on them 90% of them are terrible.

Good morning!

Review

There was a FOMC meeting yesterday where the heads did some Dollar supportive talk which interestingly had almost no impact to the currencies. It's a good sign to see the Euro scratching on the 1.50 level again. Looks like every small dip is bought. Gold rallies against everything, just amazing. Now it looks like India did a good deal buying their 200 tons a few weeks before.


Analysis

We are in very small ranges for some time now and it's only a question of time when this range will be broken. My bias is up and so I expect some kind of a end of the year rally. We are in the last week of November and there still could be some kind of wild volatility due to books closing and a long US weekend ahead. We will see. I don't expect anything far below 1.48 in the Euro soon but would use such a dip to add to my longs.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_251109.png


Prices

AUD/USD 0.9260
EUR/GBP 0.9010
EUR/USD 1.5000
GBP/USD 1.6640
USD/CAD 1.0570
USD/CHF 1.0130
USD/JPY 88.30
USD/NOK 5.6000
Gold 1179
Silver 18.70
Oil 76.50
Dax 5820
Dow Jones 10450


Account Summary

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

http://www.xaron.net/dl/fx/2009/aud/account_251109.png

Yes. Just like in the real world. Oops, it IS the real world.

xar, fxbook doesnt have the latest position?

True... Have to update this link from time to time. That's the drawback with Oanda and FxBook. Should be up to date in a second.

I had a fantastico week, even though the floating drawdown peaked at 20% yesterday. This Dubai stuff was just a great dip buying!

http://www.xaron.net/dl/fx/2009/aud/account_281109.png

http://www.xaron.net/dl/fx/2009/aud/...ons_281109.png

http://www.xaron.net/dl/fx/2009/aud/...s_271109_1.png

http://www.xaron.net/dl/fx/2009/aud/...s_271109_2.png

http://www.xaron.net/dl/fx/2009/aud/...s_271109_3.png

Afterall this is great result Xaron.................Good wishes for you brother.............

Nice going, Xaron. It's very refreshing to see someone trading with a simple, logical and an effective style as you employ.

Paul

Good morning!

Review

Wohoo! Now that was a rollercoaster last week. The US had their long thanksgiving weekend and there was an islamic holiday as well so we had very thin market conditions. And guess what? Dubai just announced they want a loan to set on hold. Now that was a bomb right into low liquidity markets. Honi soit qui mal y pense.
Right. So everyone and his grandma at the desks got in panic and as there were some holidays the juniors might have pulled the plug and pushed the Dollar up like there is no tomorrow. As I saw this I thought by myself, well... Dubai... hmm... So what? If our beloved "Saarland" within Germany would be in default, the impact to Germany would be about zero. Right before we had seen a massive gain of the currencies and Gold against the USD. For me this did look like big players' playing their dirty games. I can just guess but I think that wasn't a random event. I mean, Dubai must have known this for a long time and they just announce it during holidays? Come on... Conspiracy ON! So I think this was just a huge wash out to cash in stops big time and not a few traders might be short now again. For the big players this was a great dip buying! And so did I, only a small fish but sometimes I smell when there's something goin' on out there...


Analysis

I just wrote it. Great dip buying. Risk on / risk off. If I zoom out we just range, so buy low, sell high. 1.48 held well in the Euro and so did 89 in the Aussie. I just closed out everything and repositioned with small leverage. No need to risk that again what I've got in the pocket. I can't remember that I've ever had such a great month before...
The USD/JPY got hit hard down to just above the resistance at 84 and the Yen is completely out of whack. I just stick in with a small long at 86.20. Gold looks a bit tough at the moment and I think I wait for a dip to buy but might stick in a small long to keep in touch if it continues to climb.
No change to my view of the Aussie and Euro and Loonie. Aussie looks for 94/95 again. The Euro heads up to 1.52/53 till end of december and the Loonie eyes for parity in the long run.


Plan

No changes, profit taking and dip buying.


Open trades

http://www.xaron.net/dl/fx/2009/aud/...ons_301109.png


Prices

AUD/USD 0.9190
EUR/GBP 0.9100
EUR/USD 1.5070
GBP/USD 1.6560
USD/CAD 1.0540
USD/CHF 1.0000
USD/JPY 86.20
USD/NOK 5.6300
Gold 1175
Silver 18.30
Oil 77.40
Dax 5710
Dow Jones 10350


Account Summary

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

http://www.xaron.net/dl/fx/2009/aud/account_301109.png