These positions reversed much of it's gains and were closed for a gain of +0.07% Running total -0.27%
I've been flooded with phone calls that trading un-leveraged is meaningless. Well I don't agree with that when it's a perfect way to park cash, by spreading it across multiple currencies. The big reality check would be when it out performs in a volatile environment. That being said, we'll up the leverage on average 7x account balance per week (on average). Full account balance is to be placed into each pair traded. That means if one has a $100,000 account and 5 pairs are in play, that is $100,000 in each pair = $500,000 position value. Let's get started.
The final order to buy Eur/chf has been filled, am now sitting in 7 positions. Our total position has been oscillating from about +0.5% to +1.5% over the past 24 hours. Gbp seems to be ranging alot. Gbp is making up about 40% of the overall position value, so it's affecting gains. We'll just hang tight for right now. Current P&L +1.01%
Out of all positions friday close. Eur/aud hit it's target at +1.29%, Usd/cad hit it's stop at -1.39%. The other 5 trades had 3 winners and 2 losers. Week total ended up +0.19% Wk compound a.p.r. +10.37%
Entered the following orders. Sell eur/chf, eur/usd, nzd/usd. The eur/usd and nzd/usd orders have been filled, but eur/chf missed it's entrance. Eur/chf has made a huge move in the direction of my call though.