Weekly review 9/26/2010

Greetings everyone,

We are going to start by reviewing the Dax futures technique that we trade at 2am EST.  As you can below, we have made 21 positive trades versus 5 negative ones with an 80.76% success rate and with 9 straight positive operations.

 This week, our technique gave us a signal each and every day, which had not happened in quite some time, and we gained 59.5 points or 1,487.50€ per contract.  Our results could have been much better it we hadn’t been within only 0.5 points of the 30 point target on Friday only to later hit the stop profit for a 5 point gain.  Had we hit the target for that trade, we would have gained 84.5 points or 2,112.50 € per contract for the week.

 As we mentioned previously, on Friday Dax technique gave us a short trade at the opening at 6182 with a target at 6152 and, as we can see below, the price made it to 6152.5, 0.5 points from the target and then rebounded to the stop profit we had placed for +5 points. It was a shame but these things happen

 As you can see, maybe we shouldn’t have adjusted the target so much but the price came right up to it.

 

 In the following chart, you can see how the technique would have fared since March, 2009.  We would be close to 4 thousand points per contract which would be incredible.

 MiniSP

So, you ask, how the week was for the Sp?  We had the same story as always: noise, noise and more noise.  

They way the market is right now, we believe trading the Sp would be like throwing away our money.  Therefore, until the market changes, we won’t operate. 

LAST WAVE

For the Last Wave Technique, we also hope the market starts to move normally so we can begin to send trading signals once again. 

 FOREX

These were our operations for this past week:

We had 2 positive operations versus 4 negative ones for a loss of -57 pips. This was a modest loss given the number of problems we are running into. 

Have a great weekend!