Good Morning! Today’s currency trends are as follows: AUD - UP BP - Strong Up USD - Strong DOWN EUR - Strong UP JPY - UP (this is suspect) CHF - RANGE I’m considering sending out a morning email with my daily currency trend signals. What do you think? Good idea? Overtime I hope add other asset classes like Oil, Gold, and Silver. Don’t forget to enter my Predict the S&P500, Win $100 contest! ...
I’ve uploaded my April 2007 $100 Experiment Forex trading results and despite the rough patch I had in the middle of the month, I saw a 5.15% growth in trading equity. My expectancy recovered as well but it’s still reeling from my disastrous position sizing debacle! My expectancy for April came in at $0.15. In April I took 35 trades, 25 of them were winners and 10 losers. My average win was $0.48 vs my average loss of $0.68. I’m holding a total of four positions going into May, 2 in EURUSD and 2 in AUDUSD. When I close them out, I’ll detail them in May’s results sheet. I must make an effort, as part of my neural net analysis for May, to pinpoint the price where I must exit a trade in the event the trend reverses. This will hopefully allow me to truly quantify my Reward vs Risk ratios. ...
Good Morning! Neural Market Trend’s article, Predict the S&P500, Win $100 was featured in this week’s Carnival of Budgeting! Stop by and have a look see. Don’t forget, this is the last week to enter my contest! You to can have a chance at winning $100!
Good Afternoon! Neural Market Trend’s article, Predict the S&P500, Win $100 was featured in this week’s Carnival of Personal Finance and Festival of Stocks! Take a moment to visit each host!
Friday was a damn good day trading Forex! I made over $2 in profits from the GBPUSD currency pair alone (roughly 1.8%). I was elated to make such a good profit but I must remain humble. I can’t let my ego or euphoria get a hold of me or else I will get slaughtered. The same goes for emotions of greed, I must remain zen like and take profits when I see them. I’m posting a chart so you can see how my how my GBPUSD trade worked out in the end; I sold darn near the top (luck)! I’m still holding my EURUSD position and entered a new one in AUDUSD Friday afternoon. The trend analysis keeps telling me to be short the USD and long pretty much everything else (Yen not included). ...
Does anybody remember the Seinfeld episode where George Costanza started doing everything opposite? His life turned around and he women, fame, and fortune. Well I had George Costanza moment yesterday (ed. Repost from Digital Breakfast) . I'm trying a new currency trading strategy that does a few things opposite of what I did before. Here's the revised and stripped down Forex trading plan. - Concentrate on five major pairs as defined by Oanda.com. They are: EUR/USD ...
I was inspired to generate three data graphs from my currency models for my readers after reading Maoxian's post on the British Pound. These graphs show price relationships between the Euro and the US Dollar Index, the Euro and the British Pound, and finally the Euro and the Swiss Franc. Euro/USD Index Euro/British Pound Euro/Swiss Franc With the exception of the Euro/British Pound, the price relationship between the Euro, USD Index, and the Swiss Franc is pretty much linearly correlated. :)
Good Morning! The results are in for this week’s currency neural net model. Aussie D - RANGE British Pound- STRONG UP USD - DOWN Euro - UP Yen - DOWN Swiss Franc - UP What I'm seeing is that the Aussie D has probably topped out for the near term, while the British Pound is breaking out. Long term trends in the Euro and USD remain, as well as the Yen. What's interesting to note is that the Yen and Swiss Franc have been seeing a lot of intraweek trend flips. Although this week the trends show a DOWN and UP for the Yen and Franc, respectively, it's still too early to tell if this is indeed the beginnings of new trends. An UP trend in the Franc could mean near term topping in the Euro so we'll be watching these two currencies closely to see what they're going to do!
Just a quick snapshot from my Gold model. I created and use a machine learned/neural net model to generate BUY/SELL/HOLD signals. This particular model analyzed several input variables and then selected the best one based on a genetic algorithm. The trend remains UP. :)
The Austrailian Dollar dropped this morning against the USD and I’m watching key support levels for possible entry points. So far, none of my limit BUY orders in AUD/USD and EUR/USD have been executed. That’s fine by me because my new trading plan requires super doses of patience and stalking. :) When I logged into Oanda this morning, the first chart I pulled up was EUR/JPY. The Yen rallied last night as traders are still on edge about carry trade unwinding. As I discussed previously, something’s going on with the Yen for sure. Last week’s currency model indicated spastic trend flips UP and DOWN which typical hints at a possible top (or bottom) in a trend. Since I monitor my currency models daily and I’ll be checking what it says later this morning! ...