Classic FX

[Depth Trade]

Out of all positions.

Usd/cad: out 1.0626 5

Usd/mxn: out 10.8497 5

Eur/usd: out 1.3391 5



Classic FX

- 2.6028 %
Account value.

(start date 22/09/06)

 

[Depth Trade]

Have entered following limit orders.


Usd/mxn: long 10.8917 5

Usd/cny: long 7.6553

Eur/usd: short 1.3378 4


Classic FX

- 2.6028 %
Account value.

(start date 22/09/06)


On 20/05/07 I re-configure the model to better represent the make-up of focused currency being traded.

+ 0.7602 %
Account value.

(Re-con. date 20/05/07)



Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_ana..._200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

 

[Depth Trade]

Have entered following limit orders.


Usd/mxn: long 10.8917 5

Usd/cny: long 7.6553

Eur/usd: short 1.3378 4


Classic FX

- 2.6028 %
Account value.
(start date 22/09/06)


On 20/05/07 I re-configure the model to better represent the make-up of focused currency being traded.

Recon FX
+ 0.7602 %
Account value.
(Re-configure. date 20/05/07)



Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_ana..._200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

Long Usd/cny order for 7.6553 has been filled at 7.6497


Usd/cny: long 7.6497



Classic FX
- 2.6028 %
Account value.
(start date 22/09/06)


On 20/05/07 I re-configure the Classic FX model to better represent the make-up of focused currency being traded.

Recon FX
+ 0.7602 %
Account value.
(Re-configure. date 20/05/07)

 

[Depth Trade]

Have entered following limit orders.


Usd/mxn: long 10.8917 5

Usd/cny: long 7.6553

Eur/usd: short 1.3378 4


Classic FX

- 2.6028 %
Account value.

(start date 22/09/06)


On 20/05/07 I re-configure the model to better represent the make-up of focused currency being traded.

+ 0.7602 %
Account value.

(Re-con. date 20/05/07)



Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_ana..._200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

Usd/mxn long order has filled.

Have exited Usd/cny position at 7.6295


Usd/cny: Out at 7.6295

Usd/mxn: long at 10.8917 5



Classic FX
- 2.6028 %
Account value.
(start date 22/09/06)


On 20/05/07 I re-configure the Classic FX model to better represent the make-up of focused currency being traded.

Recon FX
+ 0.7602 %
Account value.
(Re-configure. date 20/05/07)

 

[Depth Trade]

Usd/mxn long order has filled.

Have exited Usd/cny position at 7.6295


Usd/cny: Out at 7.6295

Usd/mxn: long at 10.8917 5



Classic FX
- 2.6028 %
Account value.
(start date 22/09/06)


On 20/05/07 I re-configure the Classic FX model to better represent the make-up of focused currency being traded.

Recon FX
+ 0.7602 %
Account value.
(Re-configure. date 20/05/07)

Have exited positions.


Usd/mxn Out at 10.8095

Usd/cny Out at 7.6295



Classic FX
- 2.6730 %
Account value.
(start date 22/09/06)


On 20/05/07 I re-configure the Classic FX model to better represent the make-up of focused currency being traded.

Recon FX
+ 0.6900 %
Account value.
(Re-configure. date 20/05/07)

 

[Depth Trade]

Have entered following orders.

Usd/cad: short 1.0683

Usd/jpy: short 123.49 5



Classic FX
- 2.6730 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following orders.

Usd/cad: short 1.0683

Usd/jpy: short 123.49 5



Classic FX
- 2.6730 %
Account value.
(start date 22/09/06)

Cad & Jpy orders have been filled.


Usd/cad: short 1.0683

Usd/jpy: short 123.49 5



Classic FX
- 2.6730 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Cad & Jpy orders have been filled.


Usd/cad: short 1.0683

Usd/jpy: short 123.49 5



Classic FX
- 2.6730 %
Account value.
(start date 22/09/06)

Out of all positions.

Usd/cad: out at 1.0740 5

Usd/jpy: out at 123.67 7



Classic FX
- 2.7995 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following orders.


Usd/cad: long 1.0674 6

Usd/mxn: long 10.8200

Usd/jpy: long 123.83 3



Classic FX
- 2.7995 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following orders.


Usd/cad: long 1.0674 6

Usd/mxn: long 10.8200

Usd/jpy: long 123.83 3



Classic FX
- 2.7995 %
Account value.
(start date 22/09/06)

All orders were filled at.

Usd/cad: long 1.0674 6

Usd/mxn: long 10.8105
(better fill)

Usd/jpy: long 123.83 3


Exited Usd/jpy position at 123.09 5



Classic FX
- 2.7995 %
Account value.
(start date 22/09/06)




Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_ana..._200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

 

[Depth Trade]

Have entered following orders.


Usd/cad: long 1.0674 6

Usd/mxn: long 10.8200

Usd/jpy: long 123.83 3



Classic FX
- 2.7995 %
Account value.
(start date 22/09/06)

Have exited all positions.


Cad: out at 1.0614

Mxn: out at 10.7890

JPY: out at 123.09 5



Classic FX
- 3.0642 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

There were no positions this last week, but there was interest gained.

+ 0.1151



Classic FX
- 2.9491 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

LIve and let live.

Have entered following position.


Usd/jpy: long 123,39.5



Classic FX
- 2.9491 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following position.


Usd/jpy: long 123,39.5



Classic FX
- 2.9491 %
Account value.
(start date 22/09/06)

Have exited jpy position.


Jpy: out at 122,09.0



Classic FX
- 3.1306 %
Account value.
(start date 22/09/06)

 

[tafita]

Depth trade

Would rather have PM'd you but there are no contact deatils since I think my question to you probably does not belong on this thread. Can you recommend any forex brokers of physical cash. I am about to invest a cash sum to a US bank and am trying to find the best prices. Mentioning no neames, I have found one broker just thought you could give me a few pointers

Thanks

Tafita

 

[Depth Trade]

Depth trade

Would rather have PM'd you but there are no contact deatils since I think my question to you probably does not belong on this thread. Can you recommend any forex brokers of physical cash. I am about to invest a cash sum to a US bank and am trying to find the best prices. Mentioning no neames, I have found one broker just thought you could give me a few pointers

Thanks

Tafita

Tafita sorry about the late responce, I had to verify some info. As far as 'brokers of physical cash' I would say none. There are no FX brokers of physical cash, yes there are many brokers who will absorb you funds into there accounts and say they are physically transfering money, but the actual cash is not moving.
If you really want to trade a physical product that is associated with currency, you'll have to trade Real Bullion against a currency ( XAU/USD).

So instead of trading bullion, your trading USD weighted against gold.
If you think about it, the relation between Gold to Gold is different then Gold to USD.

As for opening an account I would suggest J.P. Morgan Chase as the Trade Platforms holding bank. To be traded through an affiliated currency trading platform.

Tafita I would be more than happy to assist you in opening a trade account. If you are interested in opening up a demo account, please PM me. The demo is risk free and unlimited. After demoing for a few months and if satisfied, we could procede with a live account.

Even if you want to trade for your self, I'm sure you could learn a few things about the industry if you don't already have experience.


Please don't hesitate with any questions.
Anyone else that is interested, please post on this thread or PM me.

Thank you,

Depth Trade

 

[Depth Trade]

There were no positions held last week, but there was interest gained.


There are no positions held this week either. (21-28)


Classic FX
- 3.0321 %
Account value.
(start date 22/09/06)

 

[tafita]

Hi Depth

Thanks for your reply. I am interested in trading currencies. I am already trading US equities and need to hedge myself against the fluctuations of GBP/USD. I use level 2, technical analysis and major news items for my trading. Can you recommend any good books on the subject. I would like to find out for example what macro economic data would effect a currency pair. Having had a glance at some charts, currencies seem to trend quite nicely. As a newbie, to currencies I would probably start trading EOD.

Any information would be appreciated.

Thanks

Tafita

 

[Depth Trade]

Hi Depth

Thanks for your reply. I am interested in trading currencies. I am already trading US equities and need to hedge myself against the fluctuations of GBP/USD. I use level 2, technical analysis and major news items for my trading. Can you recommend any good books on the subject. I would like to find out for example what macro economic data would effect a currency pair. Having had a glance at some charts, currencies seem to trend quite nicely. As a newbie, to currencies I would probably start trading EOD.

Any information would be appreciated.

Thanks

Tafita

Hello Tafita, I would advise against hedging a currency pair to your equity position. The position will become unmanagable due to it being inefficient. You would in effect have three positions on, all cycling through there own trends at there own pace.
I personally watch a 'fly' which is basically spreads and hedges mixed together, but I don't trade the actual 'fly', only watch it. The difference is that your still essentially doing the same thing, but limiting your risk by only entering at a single point of risk.
.. Know the out-come of hedge you want, know what the set-up looks like, watch it for a while and take a position in one product.
As for proficient technical trading, I can't think of any book that was able to connect old-world knowledge with technology and speed available today. My conclusion is that there is a huge gap between what is possible and what is probable. Traditional microeconomics dictate what a market is doing and why it is 'doing it'. Now days you have sales men pushing software that in its own is meaningless. Untradable unless you can reason with the markets.

 

[tafita]

Thanks again Depth Trade. Could you recommend a product to trade currencies. That demo account you mentioned earlier on this thread for example, could you PM the link to me or post it on here much appreciated.

Tafita