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Managed forex Blog

Forex (FX) trading carries a high level of risk and is not suitable for all investors. Forex can be traded with a high degree of leverage, which can work for you as well as against you, and it is possible to lose more than you invest. You should only invest funds that you can afford to lose and do not need to support yourself or your family. You should carefully consider all risks involved with forex trading as well as your financial situation, investment objectives, and risk tolerance before investing. Forex is traded over-the-counter (OTC) and not on a regulated Exchange. 

Be aware that the blog owners may or may not be compensated by the companies and managers discussed.  Blog writers may also be owners or have interests in firms discussed so bias in reporting is a possibility. 

Data obtained and discussed on this blog is from sources believed to be reliable. The accuracy, completeness, timeliness or correct sequencing of the information, however, is not guaranteed by this site. This is not a solicitation or an offer. Prospective clients interested in opening an account, giving power of attorney to any of the discussed programs must first obtain that advisor’s most recent disclosure documentation. 

Past performance is not necessarily indicative of future results.

Swan both flies and crashes

Black Swan bit on two accounts.  Accounts were started mid-week which is apparently not a good idea.  The owner of the system got bit as did another client, accounts going to near zero.  On a positive note, the original account that started on Sunday is now up +104% on the week, good run, was up 70% yesterday and 40% the day before, he was able to withstand the drawdown because of the profits he had accumulated it seems.  Good stuff.  However we’ve seen the Swan bite, as it will.  Another point to note is the operator runs some different pairs on different accounts, a Swan 1, 2 and 3 depending on the pairs assigned to your account.  All are statistically similar. 

 

CAM- Couple of small losing days recently, down under 1% on the month.

Black Swan/Mucky Duck-  See above, +104% on the week on the initial account, putting the total in 1.5 weeks at over 200%.  Two other accounts that started mid-week were bitten, down to near zero balance with a large move in the Yen. 

Broadbeach- Small winner a few days ago.

Danish Prop –

Genoa- No trading lately, correlation breakdowns.

P15- Should be starting soon, negotiating good rates first.

Ron- working to follow his system and get his head in line.

 

Sankaty/Nantucket- I’m told they are up nicely this month actually.

Sebastian- 

SFX- Up some yesterday.

Smart-

Stryder-

Stryder ETF-

Managed Forex report for the last couple days.

 

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0 Jul 9 2009
not associated

The Swan flying high again

Managed Forex accounts doing well.  Week two of gains for the Black Swan, up 21% yesterday and up again today to bring the total for the week through about an hour ago to +43%, good stuff.  And surprising to have a new program start off on such a solid foot.  We’ll see how long it takes the Swan to bite and take the accounts to zero.  Swing has put together some winning days recently.  CAM flattish, Genoa having issues with fees and getting set up with PFG and that has held up his trading the last few days.

CAM- Good visit last week.  Flat since.

Black Swan/Mucky Duck- up 120+% last week and up 43% so far this week.  $1000 minimum.  Trading three different sets of three pairs for different clients.  Could do the three systems for $333 each if you’d like.

Broadbeach- Flat.

Danish Prop – No word

Genoa- No trading due to MT4 issues at PFG, squared away now.

P15- Ddoc done!  Ready to take money, we should have him live this week.  Looks promising.

Ron- Not sure how he’s doing but I know he’s trading, have a call and email in to him.

RTI- No longer tradcking as they didn’t follow their rules.

Sankaty/Nantucket- No longer tracking as they lost consistently for many months.

Sebastian- 

SFX- Put some winning days together on relatively light trading.

Smart- Closed the quarter positive, looking quite good.

Stryder- flat to down, commensurate with the market slowness.

Stryder ETF- also flattish.

 

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0 Jul 7 2009
Black Swan

Black Swan Finishes Strong

Black Swan pulls into the finish of the week up over 110% for the week.  No Black Swan bite this week.  Good stuff, fun to watch it work.  Client pulling out profits and running with 1k again next week along with other new folks.  Good start, now have a (short) live record.  Creator of the program hopes for well over 80% winning weeks, we’ll see how it goes.  the firm we are using has very tight spreads, solid leverage and is easy to work with.

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0 Jul 4 2009
Black Swan

Swan still flying high

No Black Swan event yet (Black Swan event is the statisitcal anomaly where the portfolio goes to zero), Black Swan to new highs, up 82% as of this morning.  Good stuff.  Silly leverage and silly program but fun to watch and could really be something.  Manager bets majority of weeks will be winners, of course time will tell.  Really the 1k could be running on a million the way it is being traded.  Really fun to watch however, lots of quick ins and outs.  Mean reversion system.

As for the others not much to report, not much trading the last few days. 

Flying to LA in a few minutes to meet with CAM, looking forward to it.  Dinner in Beverly Hills with some other asset gatherers tonight, should be an experience.

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0 Jul 2 2009
Black Swan

Black Swan Flies, SFX dives

Black Swan is now running on MT4 at a firm where it gets 500:1 leverage so all currencies can be traded.  First night: +48%.  Critical to remember with this program your account is traded with everything it has - so 100% loss is very possible, it’s pushed to the limit.  Minimum only $1000 so could be a very fun program to get into.  We run it for one week at a time, then clients can decide whether or not to pull money out if there are gains and/or continue.  We may make it a pool as the FX shop with 500:1 doesn’t have PAMMs.  Anybody know a reputable place with PAMMs and 500:1 leverage and MT4?

SFX off and off and off again, lots of losing days in a row.  Not pretty.  We’ve dropped allocations down with them, maybe the markets just aren’t suitable to their contrarian strategy at the moment.  Still is within the 5% max drawdown we were told, but it’s painful still after watching 19 or 20 months in a row of such consistent winners to go through a flat period.  We should have managed our own expectations better, or been better educated by them that the consistent winning months wouldn’t continue.  Too much new money under management so they’re working to get their heads around the admin and the pressure or just markets changing, or both, or who knows.  As usual, an attrition rate in this arena of investing, need to be nimble and ready to move to what’s working.

Looking into Red Rover, we’ll see how that does.

Flying out to LA to meet with CAM and some major asset raisers on Thursday.

 

CAM- No trades, up slightly on the month, fourth up month in a row, we like to see that.  Going to see him in LA Thursday.
 
Black Swan/Mucky Duck- UP a whopping 48% the first night.
 
Broadbeach- No trades, up over 8% on average on the month, ranging from 0% to well over 15% depending on the client and the brokerage, leverage, and liquidity.  Too bad it can’t be made more uniform except by a fund, which we have opened.  If you’re interested in the fund let us know.
 
Danish Prop – no word
 
Genoa- Up 1.22% on the month, terrific, will trade more next month and will be taking the new ArbConvergence strategy live, which is now up 31 for 32 trades on the traders personal account.
 
P15- Not sure when it will go live, waiting on NFA.
 
Ron- Live or close to it, still issues on his trading platform.
 
RTI- No more account with him.  Lost his head and went nuts without discipline one night.  Amateurish behavior and he’s off our radar.
 
Sankaty/Nantucket- Done with these guys, cut them.  Lots of consistent losses.
 
Sebastian- no word
 
SFX- Not looking pretty.
 
Smart- These guys can trade for us, just need some assets, I’m impressed.
 
Stryder-  Not up, not down, just slow markets for it.
Stryder ETF- Slow.
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0 Jun 30 2009
Black Swan, Broadbeach, CAM, Genoa, nantucket, Ron, SFX, Smart

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