Welcome back Meta-Traders.EUR/USD rocked the house this week and cleared the October 2010 peak breaking out to a new 2-year high. That's a big deal because every system traded on this blog has at least one EUR/USD pair and 2 of them are nothing but EU. EU is very trendy and if you look at the chart, there's very little sideways movement, it either goes up or it goes down.
Combine that price action with trend continuation logic underlying most of the systems followed here and it makes for the good results as we saw this week.
As for equities, we got out to a marginal new high in the major indexes, but on low volume. Equities continue to be the place to be with near-zero interest rates from the US Fed. As for equities trading, I started new positions in Yoga-pants retailer Lulu-Lemon (LULU) and on-line reservation play Open Table (OPEN) on breakouts above the 90 dollar level. I added to semiconductor play NXPI which made a new all-time high then sold off. We ended the week in poor form on a threat of a looming shutdown in the US government due to lack of agreement on the 2011 (that's right, this year's) budget.
On the forex side, it was a week to remember with gains nearly every live account, some of which were spectacular. Let's do the numbers.
The monster winner of the week was Atipaq Full Portfolio that gained nearly 6% for the week and is now up just over 29% year to date. Even more impressive is the fact that this system went out another 8% (752 pips) in unrealized gains!
Next up was Atinalla Full Portfolio that gained about a half percent on the week and went out with about $20 in open profits.
The old steady Megadroid Live picked up 1% on the week.
My own EA FX-Regression had a decent week and picked up about 1.3% for the week. Check out April 5 where FX-Regression pulled in 80 pips in not much time including a USF/CHF that picked off 20 pips in about 5 minutes!
Next was Atinalla FE which came back into profit, coming back from a -2.5% deficit last week and now showing up 0.65% on the year.
Next was Atinalla No 3 Live was the only loser dropping about 2% on the week and still in retreat after being up nearly 12% earlier in the year. This account continues to be caught up in the sloppy action of GBP/USD which doesn't seem to be participating the broad dollar sell off. This account went out with an open, unrealized profit and is still long EUR/USD.
My last live account is Atinalla No 4 SM Live picked up about 1.3% on the week and went out with about 170 pips in open profits, more EUR/USD longs.
Demo account COATL EUR Centered Portfolio gave back about 5% on the week, but still remains up a solid 26% on the year.
As for development items, I need to start paying attention to the results of the 70+ live accounts on Asirikuy and building a model for what is currently working and what is not. If I come up with right model, and spend a few minutes each weekend updating the model, I may be able plant myself in some real winning systems.
Once I have the model, i'll come up with an easy, visual tracking method that I can post weekly on the blog that allows the winning systems on Asirikuy to come easily into view without revealing too much. This type of activity is much less ambitious than I expected from myself, but given the limited amount of time I can spend on Forex, this shows the best chance of success.
As Yogi Berra said "You can tell a lot by just looking".
Check back Sunday for an update and have a great weekend.
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