General

Last Week’s Performance:

January ended with a whimper and unfortunately the heaviest loss the system has experienced.

What are my thoughts on this?

Well firstly, my money is in the system so I am equally upset at the current situation and disappointed with the recent experience. However, I do consider this performance in the context of the past couple of years and looking back at the reward it has brought me and many others I cannot come to the conclusion that it no longer works.

USDJPY has been going through unprecedented narrow ranges and consequently when they break the normal structure and habits, the market can’t be relied upon as healthily as before. As we return to normal conditions – QFX will kick back in and I am confident that this process has begun already.

At the moment the narrow ranges are so tight that any break is viewed with alarm and liquidity is withdrawn causing some overshoots.

On another note todays range has triggered and we are at a small profit at the moment

Fingers crossed

Filed under General by Jonathan Wakefield

UPDATE

Following on from my post earlier today, another strange thing happened.

I e-mailed Capital Spreads expressing my disappointment that they would open a trade that was already 10 pips past my limit order, and then close it immediately at a loss.

This was their reply:

“Dear Mr. Laurie,

Thank you for your email.

We have now re-credited your account to amend this.

We would like to apologise for any inconvenience you may have experienced. Should you require further assistance please do not hesitate to contact our Customer Support team.

Kind Regards

Jonay De La Vega Herrero

Customer Support”

Short and sweet, and no explanation whatsoever but at least I didn’t lose.

Also, having read this mornings weekly eletter from Mark Rose, the author of Time Shift Trader, he actually recommends NOT to trade on NFP days. He made 37 pips himself today as he’s monitoring how the method works on NFP days but past results show an overall loss on these days so it’s best to steer clear.

So having been refunded plus the fact I shouldn’t have traded today anyway, the figures are as follows:

Day 9: +£0

Total: +£900

Filed under General by Graham

28/1 3 bets 3 losers, running total -5 points
29/1 2 winners at 1.8 and 2.1, +1.9 on the day, -3.1 overall
(burton under 2.5 goals, bor draw no bet)
30/1 no bets
31/1 2 bets, 1 winner at 13/8. +0.63 on the day, -2.47 running total
(mk dons over 2.5 goals lost, palace ht score 0-0, won)
1/2 fulham over 2.5 goals, lost, -1, -3.47 running total
2/2 double on besiktas and novarra corners, lost, -1, -4.47 running total
3/2 no bets

Filed under General by Simon

weekly update

running total -17.92 points

small loss on the week, however, currently on a run of 5 winners, see if it continues!

Filed under General by Simon

No trades since our double max loss of the last few days, the pair seems to have returned to the poor trading range we saw over Christmas and the New Year. After those two losses we are running at a small profit and I still have high hopes for the system, we are just going through a lean patch at the moment. I will continue the trial through Feb and March to give us a better overall view of the product.

Filed under General by Jonathan Wakefield

Well the ranges are back and sadly the losses continue, think i preferred it when we werent trading! Another full 45 pip loss from Friday’s entry. Range is ok for another trade today so fingers crossed for a better outcome

Filed under General by Jonathan Wakefield

Sadly our first full loss at -45 pips, but we are still well up

Filed under General by Jonathan Wakefield

A nice 20 pip move today hopefully the ranges are back to normal and we can see the true potential of the system going forward

Filed under General by Jonathan Wakefield

bet 2 notts county over 2.5 goals lost -1 point

running total -2 points

Filed under General by Simon