strong UK data helps my system

"The pound rose sharply after figures this morning showed the key UK annual CPI inflation rate unexpectedly rose to 2.8 pct in February from 2.7 pct in January.


This came above forecasts for a slight dip to 2.6 pct and leaves the rate well above the Bank of England's 2.0 pct target."

Even though we have recovered roughly 70pips yesterday, today's UK inflation data put the overall numbers in a much better position. We only care about technical analysis in this system but, we should also note that where this income is coming from.

EURCHF trade lasted 1 day and closed yesterday night with +45 pips. good for you!..

a new trade is opened, overall conditions are better..

We have opened a new trade: EURCHF long at friday close and now it is up +35 pips.
Others are mixed: GBPAUD long is still suffering from strong AUD and EURGBP is not recovered much from its negative position.

the system benefits from collapse of USD

Since Wednesday, we are witnessing more volatility than last days and our system is benefiting from USD short positions especially. We also see strong GBP and EUR, both favor our positions. Our drawdown has ended? Maybe, but at least certainly there is a good news for us, the system is fighting back in last days.

nzdusd is stopped, overall direction is same..

Our long NZDUSD position stopped at 6907 and left us -74pips in behind.
Others are mixed. CADJPY is not going well for some days. EURCAD is moving around the same levels. EURGBP is our worst performer trade by now. EURNZD long recovered from underwater but we have also EURNZD short position and it can be closed today with a high loss. GBPAUD long is also not doing well. GBPUSD short is the best performer for some days. Total drawdown is around 1360 USD, worse than yesterday close (around 1290 USD). As my dear friend Filippou says, patience.

a new position for nzdusd, system total is still going down..

We have a new trade in NZDUSD : A long position from yesterday closing 0.6977.
This pair has spiked upside with the strong retail sales data, up 0.5% in January, which is absolitely unrelated with our trade entry of course.
The trade is now under water but we see a small recovery. Other pairs are not helping to the bottom line either. Especially EURCAD and GBPAUD are having though times.

If GBPUSD stays around 19300, we will have an opposite position (GBPUSD short) at 17:00 PM EST.

a correction

If you tried to calculate total values of trade results, you can see there was a miscalculation in total results line. I've corrected it.

first impressions for the new week

Regarding to Friday closing values, we have almost no change in total while we are having the first half of the Monday. One important note is that we have new EURNZD position in addition to old one. But this one is a short position so we are hedging in EURNZD and profit/loss has been locked for now.
We currently 10 currencies, but this does not mean that we can have max 10 positions. With hedging, we may have more than 1 position in each pair. This is essentially true for "A" type trade entries.

Here is the latest snapshot that has been taken 2 hours ago:

bad results for euro and commodity currency trades

Since I have mostly euro denominated trades in the system, I have seen a big drop in my equity with losing euro and winning commodity currencies.

Total result since yesterday is -462 pips and most of them are belong to eurcad,gbpaud and eurnzd. Seeing this, I decided to drop 1 of 2 EURNZD and GBPAUD trades from the system and now we have total 10 currencies.

Anyway, we are still neare record high levels of the system (regarding to backtest data), I have a high level of curiosity about what will happen in the week.

new players are on the pitch

Our system has been updated with 5 new pairs with 6 new trades.
The only pair that has been removed is AUDUSD.
CADJPY,CHFJPY,EURNZD(B),GBPAUD(A AND B) and NZDUSD are newcomers.

Currently 8 of 12 trade pairs are in a position, 4 of them are neutral.
With these changes, trade history and trade profile of the system has been changed, but the main idea is same.

Since monday, we see a little recovery even though "current distance from the last top" is near record high values. All trades except GBPUSD moves in positive direction and totally give us 147 pips in 8 trades since wednesday.

A good start to the week

The week has been started with a closed position on GBPUSD (-144 pips), and 2 new position GBPUSD short and EURCHF long.

EURNZD is the best performer while EURGBP still continue to upset me.
AUDUSD would be closed this night, I am watching it closely..

March 2nd, initial values

Since the last post, 4 pairs lost several amount of pips, 2 pairs (especially EUR/NZD) gained some pips. The current condition is better than last post time, but current outlook still seems negative.



These numbers are totally results of backtests and not giving the real performance of the system.

Lastly, I am listing the last condition of currency group in my system :

a group for test

Hi again,
I' am working on the system and especially working on finding the best group of currency pairs with best trade style. Here is my first group offering and current conditions of them :


Currency Trade Branch Start Date Start Price Current P. Direction Current Condition
EURNZD A 26/02/2007 18931 19007 L 76
EURCAD A 26/10/2006 14244 15488 L 1244
EURGBP B 05/02/2007 17:00 6585 6736 S -151
EURCHF C -
AUDUSD B 14/02/2007 17:00 7842 7854 L 12
GBPUSD A 26/02/2007 17:00 19619 19621 L 2
EURUSD B 15/02/2007 17:00 13138 13223 L 85

Current distance from the top :$1499 (prev:$1453)

I will try to update the current conditions of the trades each day..