Welcome back Meta-Traders.Things are not always pretty in the world of trading and investing. This week was a case in point with the US Dollar and Equities being beaten up badly in the face of rising energy prices and dismal economic and jobs numbers in the US.
The quote of the week was from by David Kelly - Chief strategist for JP Morgan funds - "Right now we have a deficit of good news and a surplus of uncertainty."
As for equities, I got spanked this week and sucked into a rally in AAPL which peeled off about 8 points before the end of the week. I'm still long with the expectation that a good fundamental story will bail me out. My position in AMZN went under-water after being nicely up earlier in the week. Meanwhile NFLX (which I sold last week in the low 260's) continued to rally and closed the week at 273. Also, I added a new position in joint-replacement technology company Mako Surgical (MAKO). All this aside, I still have some really solid realized gains on the books with equities for 2011.
On the Forex side, it was a decent week though less then spectacular. Friday's lousy jobs number started a bearish stampede against the USD and triggered short dollar positions in nearly all my accounts.
Atinalla #1 gained a small fraction for the week and went out up 29.29% year to date. Better still, it went out with just under 1% in open profits on some long EUR/USD positions.
Next up was Atipaq Full Portfolio which lost a small fraction losing 4 of 6 trades this week but holding onto a +41.84% gain for the year. It went into the weekend long AUD/USD with about 30 pips in open profits.
Megadroid Live took a 1% gainer on the week and came within 1% of a new equity high for the year.
FX-Regression got whacked early in the week giving back all its profits for the year, but came roaring back and ended the week down just a fraction up +7.89 for the year.
Atinalla FE gave back about 2.5% for the week, but went into the weekend long EUR/USD with about 60 pip open profit.
Atinalla #4 is finally starting to move out just short of a 3 month equity high. Even better, it went out with 3 separate long EUR/USD positions with about 179 pips in open profits.
On a final note, i'm starting to get some good results from Forex4You Challenge. This account was setup with 4 other friends at work who pitched in $20 each. I took the $100 and opened a "penny" account at Forex4You and set it up with Asirikuy's Atinalla #4 with Sapaq modifications. After a rocky start, the account is starting to put in some results and is now up about 14% for the year, 16% if you consider open profits.
On the development side, i'm watching with interest Daniel's work on Neural Networks over at Asirikuy. There are some good videos from last week on how to interface NN's and Meta-Trader. I have some interesting ideas on how to marry FX-Regression and Neural Networks so check back later for that.
Enjoy your weekend.
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