As expected, the Bank of England yesterday lowered their benchmark rate by .25bps to 5.0%. The market seemed to have already had priced in the change as we saw very little movement when the announcement was made. We have no major news coming out today and will trade our GBP/USD strategy according to the standard rules and plan. Do keep in mind, the GBP/USD strategy has not had a losing day in over a month. Statistically it has a losing day 1.5 times per month and so the GBP/USD drawdown is looming. While we do not change our strategy in anticipation for a loss, it is good to be mentally ready for it to happen. Since changing our risk management plan, lowering the GBP/USD risk and adding the USD/JPY, we do not expect the loss to be anywhere near the 12-15% we had experienced during our previous drawdowns.
We will also trade our Intra-day Carry Trade pair strategy as usual. We expect limited movement in either the Pound or Dollar which typically means these two pairs will be driven more by the strength of the equity markets than any other influence. Lets hope for either a large loss or large gain in the world equity markets today to drive volatility.
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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
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2008
(159)
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April
(33)
- Back Testing the first half of April 2008
- Hypothetical Results Update
- What to do with the Pesky U.S. Economy.
- Hypothetical Results for Week of April 21st - Apri...
- Complete list of 16
- Recommended Broker Change
- Latest Test Update
- Hypothetical Results - April 18th, 2008
- Hypothetical Performance - April 17th, 2008
- Testing Update
- Hypothetical Performance - April 16th, 2008
- Trading placed on 45 day hold (April 16th - May 31st)
- About Daily Testing Results
- About the "Recommended Changes" to the Trading System
- Daily Wrapup - April 14th, 2008
- Daily Outlook - April 14th, 2008
- Daily Wrapup - April 11th, 2008
- Daily Outlook - April 11th, 2008
- Technical Difficulties
- Daily Wrapup - April 9th, 2008
- Daily Outlook - April 9th, 2008
- Daily Wrapup - April 8th, 2008
- Daily Outlook - April 8th, 2008
- Daily Wrapup - April 7th, 2008
- Daily Outlook - April 7th, 2008
- Daily Wrapup - April 4th, 2008
- Daily Outlook - April 4th, 2008
- Daily Wrapup - April 3rd, 2008
- Daily Outlook - April 3rd, 2008
- 1st Quarter 2008 Report
- March 2008 Report
- Daily Outlook - April 1st, 2008
- Daily Outlook - April 1st, 2008
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April
(33)
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.