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What to do… » Weekly update, week 11
Home > Forex > Weekly update, week 11

Weekly update, week 11

March 21st, 2010

Another trading week closed. The movement downward in EURCHF is putting some serious strain on my Alpari UK and Forex.com/UK accounts. AUDNZD moved down to, and even below, 1.29 this week which really helped my CFX account. I have some open buy positions caught up there thou, didn’t expect it to reverse quite so quickly.

w1011_alpariuk

Alpari UK live micro account. Trades FAP Turbo, MegaDroid and Green (my own EA).

Another good week at Alpari UK. The steep losses was two USDCHF trades by FAP Turbo that lingered into the London session and hit stoplosses. Other than that basically all trades have been positive. Margin on this account is getting low as EURCHF is freefalling, but hopefully it reverses soon. Otherwise I’ll add some funds on Monday. Total gain was €84.43

w1011_forex

Forex.com/UK live account. Trades MegaDroid and Green.

Even thou the balance graph above looks quite nice this account also is getting very low on free margin as EURCHF is freefalling and AUDNZD still is at its 1.29 range. I could be forced to add some funds next week. MegaDroid traded real slow on this account during the week and ended up with 11 dollars lost over four trades. Total gain was $88.50.

jfx_w1011

JadeFX live account. Trades Forex Shocker and MegaDroid.

This was the first week trading live on JFX new liquidity provider. I started out slow on Tuesday with just MegaDroid default, MegaDroid -1, Forex Shocker EURUSD, Forex Shocker GBPUSD and Forex Shocker USDCHF. All trading just 0.05 lots to start. After a successful first trading day I upped lot sizes to 0.1 for the Thursday session. So far everything looks good and I probably will up lots to the 0.2 I used before the switch of provider next week. Total gain was $41.05.

w1011_cfx

The Collective FX. Trades MegaDroid and Green.

As this account only trades AUDNZD with Green the pressure has been decreasing during the week, which is very welcome. I have some long positions trapped in the 1.29 and 1.30 ranges meant as hedges that I could be forced to close for quite a big negative hit ($200-$250 or so) if AUDNZD doesn’t return to the range above 1.30. I have put stoplosses at 1.2850 on them. MegaDroid didn’t trade once on this account, which I find very strange. Total gain was $75.69.

This really was another week of watching the AUDNZD and EURCHF, hoping they go my way. One did, one didn’t. I think it is safe to say that next week is going to be more of the same. I will probably add some funds to the accounts trading the EURCHF pair. I had the intention to close my Alpari UK account, but I can’t before my positions are closed, and it could take months or years for the top EURCHF positions right now. The CHF is so strong and the EUR is just getting weaker by the minute as the PIGS keep spending. It was positive to see the Jade FX account trade again thou, and with good results. Total gain over the week was $320.

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