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Since our last report on December 21st 2008 our ratings at Collective2 rose from 721 to 732. What does this mean? See Collective2 explanation.
We are happy to continue enjoing a status of Excellency! Annualised performance for Artex this holiday period fell from 801.0% to 765.4% - we only made 7.8% profits in last ten days We killed Jaypex at 965% p.a performance We killed Montex at 48% p.a. performance Trading more systems is depleting our resources so we decided to stay on Collective2 with one system only. Our method of trading stayed the same. Our advertising costs fell. Market analysis will take into account all majors, so you will not get less than before, that is our best. ><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>
Forexast (Forex Forecast) Artex: EURJPY will keep going north. So will EURUSD. So will EURGBP. We are still not sure about EURCHF. We were wrong the past week with opened long positions. We will be watching closely.While Switzerland is an economy surrounded by Eurozone it is the perception of CHF as gold substitute and the difference in interest rates that make decisive changes in this currency pair. It should trade in a wide range although from technical point of view EURCHF broke the lower boundary and may be susceptible to going even lower.
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I think that we have now planted roots for long term trends among major economies. Financial times asked when UK will enter Eurozone, something that was to heretical to think of a year before. UK has three possible ways of strategic long term development. While number one economy and reserve currency of 19th century it stayed close to US dollar since WWII. UK could try to rebuild its former Empire through Commonwealth, but it is likely that two major components of Commonwealth rely more on other markets (Canada to USA and Australia to Japan and China). Another direction is as an American satelite. This would make UK clearly the second fiddle – California alone has bigger economy than UK.Third and more and more likely direction for the UK is Eurozone. If UK joins Eurozone in next years it will have major voice in its development. If it waits too long, it may fell too far behind. A lot of UK investments is directed into Eurozone (Spain, Malta, Cyprus…) and EU is UK biggest trading partner. When EUR started raplacing USD as the worlds reserve currency (it still has a long way to go as 62% of world’s forex reserves are held in USD as opposed to 27% of EUR). UK has now a choice to irreversibly become a part of growing enterprise of EU or stay proud on its own Sterling until it sinks to the bottom. It will be a nice to guess this development in daily trading.
A piece of advice: When long and short term trend point in the same direction with clear agreement with fundamentals you can ride a “can’t lose trade” for big profits. Money management is the second key to the vault. We will talk about that too. ><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>
Happy trading to all!
><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º> We keep most of our posts at our blog
Markssin trades forex since 1997. Our trading systems are verified. ><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>><((((º>
Davorin Sadar, trader. Meet me in Facebook, LinkedIn, and/or Twitter. This is an invitation!
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Sunday, January 4th, 2009
Daily Archive
4 January, 2009
