Meta-Trader - When it rains ..

Welcome back Meta-Traders.

Winter took a final swipe at the Northeast US this past week. Torrential rains combined with saturated grounds and melting snow lead to flooding in many low-lying areas. This photo was taken this past Monday in Elmsford, NY not far from your author's home.

Events in Japan were much worse where a major earthquake and resulting tsunami left many dead and millions in property damage. These events highlight the sheer destructive power of water which is ironic given the fact that water is vital to our existence.

Investment lessons? Never buy real estate in a flood plain or other low-lying area regardless of how much of a bargain it seems. High ground is the way to go.

On the Forex side, the quake in Japan led to a quick 1.5% selloff in the USD/JPY which broke a recent uptrend in place in since early February. On the daily chart, USD/JPY has been in an up-trend since September of 2010. There's no doubt that Japan will recover since they are perhaps the most productive, well-organized and technologically advanced country on the planet. So this sell-off in USD/JPY represents a buying opportunity in the pair. Out of disaster often comes opportunity and it's no different this time.

On the equities side, I got whip-sawed and shaken out of last week's 1/2 position in Netflix (NFLX). On the plus side, I took profits in AVGO and QCOM and I have some good realized profits for the year. I'm content with a high cash position at this time. Let's take a look at the forex robot accounts.

Atinalla #1 had a decent week and picked up about 1.5% on the week with a one losing trade and a winner about twice its size. The system went into the weekend with a long trade in EUR/USD showing a decent profit.

Atinalla #3 had a setback shedding about 3% for the week. This system has been in retreat since hitting a new equity high back on 2/24/2011.

Megadroid Live had a decent week and picked up about 1.2% on the week.

My own EA FX-Regression had a good week and picked up about 3.5% on the week and came back into profit for the year. Atinalla FE was idle for the week.

Atipaq Full Portfolio got out to a new equity high early in the week, but gave most back by the end of the week. The system went out with about 0.6% in open losses.

Atinalla #4 SM finally had a winning week and is still struggling to get back above even.

Newcomer Coatl EUR Centered Portfolio gave back some of last week's profits but went out with a whole bunch of 0.01 size position all over the EUR board. I'm not sure if this portfolio is trading properly but we'll find out.

Finally, if you are trading my own EA FX-Regression, please set the Startup Hour back one hour to compensate for Daylight Savings time adjustments which take affect in the USA this weekend.
Have a great week all!