Iceberg Investments - Managed Forex Accounts - Weekly Updates

1st Long trade entered has hit SL..........so much for bullish momentum.

Iceberg System Live PAMM


Week 2

- 5.48 %



To be continued...........

http://www.myfxbook.com/members/iceb...em-live/699283

Taking revenge on USD/JPY to recoup and cover the losses from last week's trades.....

Quick update on that last trade........
It does seem like I will get a chance to re enter close enough to that trend line.......RSI level took a sharp turn heading backing to oversold zone so that could be good news that we will get some downward pressure to hit profit target hopefully before the end of the day...

Seriously..........Price got to about 10 pips shy of our profit target but we have not closed yet and still holding to see what tomorrow brings.....let's hope we have a good one.

1st trade was closed after profit target was hit about 2 hrs ago......A re entry trade did actually take place but a little later than I expected........I was able to get in and catch the rest of the move down. Looking to see what Asian session will bring and still holding re entry trade but I will run with small profit if the bulls come into play on the BOJ news release........heh heh heh.

We have taken profit @ about 20 pips after deciding not to hold position for the weekend as RSI is rising into overbought zone........Have a good one all.....

The expected annual gain is 10 - 30% per annum with a maximum drawdown of 30% as stated on my website.

Iceberg System Live PAMM


Week 3

- 8.05 %



To be continued...........

http://www.myfxbook.com/members/iceb...em-live/699283

(I posted this reply yesterday on Iceberg Investments LinkedIN group.....In case if some viewers have the same question in mind)

About my strategy.......

Iceberg system is the result of my version of contranian hybrid (both manual and automated) approach to trading the fx markets from 2008. I am more technically inclined and still do consider the fundamentals also using multiple analysis techniques on different time frames depending on what I am anticipating.

The 'iceberg effect' refers to my trade management in that 90% of the time my equity/open positions is positive from inception. So the gain % shown on account is only the tip of the 'iceberg'....which some people say is misleading but that is just how I trade.

For example my gain % is about - 10% right now with about + 5% in equity making the net position - 5%....so the edge is keeping the equity healthy and expecting a gradual eroding of negative gain overtime while proactively managing equity and risk exposure to the portfolio.

Of course the gain and equity fluctuate but my trade management and strategy work to constantly reposition my trades with the momentary hiccup of profit when the oppurtunity presents itself.

There are 3 phases invloved each implemented at different intervals when the preset conditions are met and an defensive/offensive mechanism to allow a more robust handling of the portfolio.

I predefine the maximum drawdown risk to my clients and the figure can be customized depending on the investment size to any conceivable figure lower than 30%.

With my trading the emphasis is more skewed towards the long term and focuses on per annum results...

Oh.....and no martingale or anything dubious. Just straight riding the bulls by the horn and baiting the bears.

Iceberg System Live PAMM


Week 4

- 10.77 %



To be continued...........

http://www.myfxbook.com/members/iceb...em-live/699283

For those who haven't noticed......I no longer run the twitter account and now decided to close down the LinkedIN group. I think I will just settle in here at Forex Factory......it has always felt like home here

Not bad ...ice

I just want to clarify that I started with my own funds of $2500 so investors starting off with the minimum balance of 10K would currently be at about - 3% @ Week 4........

Thanks For the feedback ruben......

Currently long on GBP/JPY and locked in small profit......I am still looking forward to a bullish breakout most probably during US market session. Might look to close prematurely if the rising trendline is breached. No profit target as yet...........

Iceberg System Live PAMM Account


September 2013

- 1.64 %



To be continued...........

Revised gain % calculations for default minimum account balance for investors..........and will be released on the 1st of every month. Thank you everyone for the feedback and suggestions.

Profit target has been set at 158.36 on the recent GBP/JPY long trade........

Trade has been closed with locked in profit target of about +15 pips getting hit.......