The day was as expected. Plenty of volatility in our currency pairs, no unexpected announcements, led to a good profit day. The GBP/USD strategy took a long entry almost immediately upon the open of the Frankfurt session. It took profit (approximately 1.8% gain) before the open of the European equity markets before the trend reversed. Analysts expect the dollar to increase in value from this point. We had been waiting for a GBP/USD top after three strong pound days and it looks as if we have found it.
Our intra-day carry trade pair strategy worked as planned. Into the open of London we received two short entry signals for both pairs. The GBP/JPY was quickly stopped out as the GBP/USD strength put a drag on Yen strength. However, the USD/JPY dropped quickly taking profit about an hour after our entry for a overall 1% net gain (1% GBP/JPY loss, 2.2% USD/JPY gain).
The system ended the day up about 3%.
skip to main |
skip to sidebar
Steps to Trading Your Money Live.
*** We are not currently accepting new accounts to trade.
1) Watch the Managed Account Intro and Trading System Overview Video.
2) Watch the Demo Account Trade Live.
3) Review the New System Setting's 6 month Backtest.
4) Download, read, understand, sign, and email back the Tradewinds Risk Disclosure and Managed Account Agreement. Email a signed copy to your Tradewinds Representative.
5) Open an account at Varengold Bank FX.
6) Fund your account with a minimum $55,000 deposit (see Varengold Bank FX representative for funding details +49.40.66.86.49.0)
7) Notify your Tradewinds representative once you have received confirmation from Varengold that your account is set up and funded.
* For questions talk to your Tradewinds Representative or email us at: tradewindscurrency@gmail.com
Quick Links:
i) Varengold Online Application
ii) Limited Third Party Management Mandate
iii) Pay Agent Instructions
iv) Account Setup Walk Through Guide
1) Watch the Managed Account Intro and Trading System Overview Video.
2) Watch the Demo Account Trade Live.
3) Review the New System Setting's 6 month Backtest.
4) Download, read, understand, sign, and email back the Tradewinds Risk Disclosure and Managed Account Agreement. Email a signed copy to your Tradewinds Representative.
5) Open an account at Varengold Bank FX.
6) Fund your account with a minimum $55,000 deposit (see Varengold Bank FX representative for funding details +49.40.66.86.49.0)
7) Notify your Tradewinds representative once you have received confirmation from Varengold that your account is set up and funded.
* For questions talk to your Tradewinds Representative or email us at: tradewindscurrency@gmail.com
Quick Links:
i) Varengold Online Application
ii) Limited Third Party Management Mandate
iii) Pay Agent Instructions
iv) Account Setup Walk Through Guide
New Reader Orientation
Welcome to the Tradewinds Currency Trade Blog. In this forum you will find a day-by-day play-by-play of our trading activities. You will find commentary on the market and how it may affect our system. And we will post monthly and quarterly performance reports. While we do not disclose the trading rules we follow we have included several posts that should orient you on our strategies, our philosophies, and the risk involved in Forex trading.
- Risk Disclosure
- Past/Hypothetical Performance Alerts
- Why we started the fund/our risk appetite.
- What is a trading system?
This blog is written by Lead Trader, Spencer Burton.
- Risk Disclosure
- Past/Hypothetical Performance Alerts
- Why we started the fund/our risk appetite.
- What is a trading system?
This blog is written by Lead Trader, Spencer Burton.
Blog Archive
-
▼
2008
(159)
-
▼
March
(30)
- Get Ready for Monthly and Quarterly Reviews
- Daily Wrapup - March 31th, 2008
- Poll Question Response
- Daily Wrapup - March 28th, 2008
- Daily Outlook - March 28th, 2008.
- Daily Wrapup - March 27th, 2008
- Daily Outlook - March 27th, 2008
- Daily Wrapup - March 26th, 2008
- Daily Outlook - March 26th, 2008
- Daily Wrapup - March 25th, 2008
- Daily Outlook - March 24th, 2008
- Food for Thought
- Daily Wrapup - March 21, 2008
- Daily Outlook - March 21, 2008
- Trade Day Wrapup - March 20th, 2008
- Daily Outlook - March 20th, 2008
- Trade Day Wrapup - March 19th, 2008
- Daily Outlook - March 19, 2007
- More Doom and Gloom :)
- Daily Outlook - March 17th, 2008
- Time Change - Effects on GBP/JPY strategy
- Daily Outlook - March 14th, 2008
- Trade Day Wrap Up - March 13th 2008
- Daily Outlook - March 13th, 2008
- Trade Day Wrap Up - March 12, 2008
- Daily Outlook - March 12, 2007
- Surprise News - Knee Jerk reaction good for Carry ...
- Trade Day Wrap Up - March 11, 2008
- Daily Outlook - March 11, 2007
- When should my funds go "live"?
-
▼
March
(30)
PERFORMANCE REPORTS
January 2008
February 2008
March 2008
1st Quarter 2008 Report
April Hypothetical 2008
May Hypothetical 2008
June Hypothetical 2008
2nd Quarter 2008 Report
July 2008
August 2008
September 2008
3rd Quarter 2008 Report
October 2008
November 2008
December 2008
4th Quarter 2008 Report
2008 Summary Report
February 2008
March 2008
1st Quarter 2008 Report
April Hypothetical 2008
May Hypothetical 2008
June Hypothetical 2008
2nd Quarter 2008 Report
July 2008
August 2008
September 2008
3rd Quarter 2008 Report
October 2008
November 2008
December 2008
4th Quarter 2008 Report
2008 Summary Report
Risk Disclosure
U.S. Government Required Disclosure: Commodity Futures Trading Commission, Forex,
Initial Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the foreign currency markets. Don't trade with money you cant afford to lose. This is not a solicitation nor an offer to Buy/Sell futures or options. WE DO NOT TRADE FUTURES OR OPTIONS. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed. The past performance of any trading system or methodology is not necessarily indicative of future results.
Risk Warning! Trading foreign exchange includes the use of margin and carries with it a high Initial level of risk which may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose nor should you ever invest borrowed funds. You should be aware of all the risks associated with foreign exchange trading, and seek advice from independent financial, tax and legal advisors if you have any doubts.
Initial Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the foreign currency markets. Don't trade with money you cant afford to lose. This is not a solicitation nor an offer to Buy/Sell futures or options. WE DO NOT TRADE FUTURES OR OPTIONS. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed. The past performance of any trading system or methodology is not necessarily indicative of future results.
Risk Warning! Trading foreign exchange includes the use of margin and carries with it a high Initial level of risk which may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose nor should you ever invest borrowed funds. You should be aware of all the risks associated with foreign exchange trading, and seek advice from independent financial, tax and legal advisors if you have any doubts.