CurrencyCTAs.com

Friday

Ian’s trades are back to even, without me, so that’s good.  Pushing him to see statements but if we don’t we’ll just keep running him live until he proves out or fizzles.  Triton first day live, no setups, so no trades.  Devrim trading a bit, up about 1% on the month so far.  HVB to new highs again, up over 3% today in my account, nice.  The new program was flattish, got another one in the queue.

No word on McElhannon trading, MWC, 007, CBM, if anybody has data would be great to hear.

Off for rafting in Wisconsin this weekend.

Tradin’, traders

Devrim took a quick bite out of the market, adding to previous gains to put him up over 1% on the month.  HVB good day for me, up over 1% on the day.  Got another auto program in testing, looking good though have only had it running demo for four days.  Probably going live soon on it.

Ian’s trades coming back, without me as I’m not so swift - instead of chopping traders stops in half, chop the leverage in half, duh.

Triton live after some more snafus with the platform, ideally we’ll see some trading tomorrow.  More ideally, some winners.  He had a solid April, up about 5%, saw the statements.

Showed our old friends (who made money neraly every day) around to some players today, got some interest.  Will be great to have them trading for us again.  Who knows if this new iteration of their trading will make money, we hope it will.

Anybody hear how badly CBM was hurt last month?  I’d like to know.

Zone negative a little bit now, after a couple months.  It’s the kind of program where you need to sit tight for a long time and catch a few big pops during the year.

More FX Traders

Devrim’s back in action, trading around, about flat on the month so far.  Ian stumbled out of the gate - he was too eager I think and I talked him into changing his system to suit me - we’re going with his exact system going forward so should maintain similar performance as we expect going forward, dropping our leverage so he can trade as he pleases, hopefully that’s our first and last mistake (and my last mistake though I highly doubt that!).

Great working with Triton, bringing in some more money for him and he has the green light to trade away, looking forward to seeing how he does, numbers look great, we shall see.  The proof is in the pudding as they say.

HVB down a teeny bit on the day.

Other than that… spoke with Paskewitz about a venture we’re doing together, worked on getting the account opening process streamlined for Triton and Ian.

Trading!

Ian is now up and trading, at long last.  Very excited to see how he does.  Working to get him at another FCM or two.

PR PRogram is also very close to being up and running, also excited about his program, will be called Triton going forward.

Chatted with our associates that made money very consistently last year - sounds like they are back with a different iteration of that past program and ready to bring on capital.  High minimum but they have made me very good money in the past, I suspect they are still as talented as they were, though I suppose we can’t know that.

Bankedge - they’re up about 4% on the year - that’s quite encouraging to know that I wasn’t lead astray on that one.  Good stuff.  they’ll be moving to a new FCM.  I still probably won’t be working with them much more as the numbers weren’t as good as I was told, and they charge outrageous fees, 2/50 and a pip I believe, yowch.

Gota call from a solid website who wants us to handle leads for them, would be terrific for our firm if the deal comes through.

CBM haven’t heard the numbers but hear it was quite an ugly month for them.

Devrim has begun trading for this month, good to see.  Off a bit so far with some CAD on.

HVB off a few percent Friday, up a teeny bit yesterday, off a bit today.

Paskewitz now running over 100 million - great to see, he’s a great guy and his program has done well.

FX Manager Update

Been slacking on the posts lately - lot going on.

As always Phil and Ian getting going. Ian has logins and such and has the green light - the sales fee is waived for now for clients, will be adding fees fairly soon depending on performance, so good time to get in. Phil should be starting soon too but I expect a couple more days on him. PFG to start for both. I like them both as we will know pretty quick with low relative drawdowns if they’re for real.

New month so Devrim may start trading anytime.

HVB en fuego, up nearly 4% today, nice way to start a new month.

Lunched and met with the top two guys at ADM’s Derivatives FX division, like them a bunch, seems like a terrific operation, we’ll see how that relationship goes. Low fees. Also Fimat/Newedge London going well, spoke with them this morning as well, pretty excited about a solid bank relationship. Really low fees.

Had word from our old friend who used to make money nearly every day - will be chatting with him Monday, he has a new program coming out, numbers look stellar. Have a good comfort level with him as he’s made us great money in the past. Looking forward to that call.

007 finishes the month up 1.75%, a far cry from its track record but still nice to see a positive month.

Bankedge STILL waiting for an AUD break but making money on other trades. CBM haven’t heard but I believe the month was very ugly for them. ForexMx ends the month off over 2%, first two month losing streak ever according to their track record.

Mcelhannon had a good month. Folks love listening to him and his webinars, so much experience. Retail program up solid on the month though we can’t verify that yet.

SPCM down some on the month - 2 in a row for them too.

Off to Jazzfest in N’Awlins tomorrow afternoon for a bachelor party with my sailboat racing buds - should be a great time. Get to see my friend Jimmy Buffett amongst many others play live.

Update on Managed Forex

Should be getting PR and Ian live this week, accounts are opened and funded, sorting out platforms at the moment. If anybody wants to join let myself or PFG know. Will be adding some more platforms in the future, talk to me if you’d like more info. They have been my focus lately.

Couple new managers popping up. I hear 007 is up on the month, good to hear. CBM struggling badly I also hear, neither can be verified.

HVB up again today, +1%, rock and roll for them.

New Forex Traders (New to us anyways)

PR Program deal is rolling along - fingers crossed they start next week. Just figuring out platforms now. And Ian should start next week too, also figuring out platforms. Been spending most of my time getting those deals squared away and up and running. Both fellows have records shown on www.ForexCTAs.com - we’ll see if they stumble as so many do or if they’re for real. If they’re real I’ll be even more excited. Ian didn’t produce statements but said, “give me any size account to try us out, I don’t care, you’ll be happy.” So that is what we’re doing. Both have great reward/risk ratios and seem to have their heads on straight.

HVB having some terrific success this month - over 10% I believe after today.

Looking into getting a test account going with Arete, have a weird feeling about them and am very upset with the broker taking a fat fee, but if it makes money for the clients I suppose it’s ok, we’ll see. Numbers supposedly very good, who knows what we’ll see in live trading. Proof is in the pudding as they say.

Also have a line on a hedge fund returning 15% year after year with an options strategy.

FX Trading

Getting ever closer on our two new guys, PR Program and Ian, hoping for trading to begin next week so we can finally verify with the only true litmus test, actual live trading on real money.  Pretty excited about these fellows.  We shall see.  Will be nice to have somebody else making consistent money to talk about aside from Devrim, ideally we can flesh out peoples’ FX portfolios a bit.  These guys put on less leverage too.  Another one I like is Zone, they’ve been making real money on real money, though just a percent or two since we’ve gotten them started.  Putting some prop deals together for HVB, we’ll see what we get done for him, would be nice to scale it up and get him a higher payout.  Most others we watch are still off on the month, aside from Devrim, HVB, Blended, and Zone.  MWC we’ll be funding soon, we’ll see how that performs.

Devrim Highs Again

Looks like Devrim found a quick trade to take, added a bit to his month.

Getting Ian’s deal done, hopefully we can get him rolling, he’s local so hopefully we won’t have the issues we’ve had with PR to get him going. Sounds like extremely low risk with great upside, we shall see what really happens.

K-3 I hear is off like 15%, yuck.

Also hear 007 had a bad day or two, down over 1% on the month, but they have big up days too.

HVB ripping it up this month, up over 8%, have added to them several times, and again yesterday. That’s a solid program.

Devrim to new highs

Devrim to new highs on the month, up a few percent, flat position-wise now.  Spoke to him Friday, he’s probably done trading for the month unless he sees a really nice setup.  He’s off for a well-deserved vacation later next week.  Had a quick meeting with the PFG guys and chatted about Devrim’s trading, they tell me (and Devrim’s told me this too) he puts on a core position, and then trades around it, so he’ll stay short the Euro for example, but will constantly be adding and subtracting from his position, ideally continually pulling money out of the market even as it moves against him on a macro scale, on a micro scale he keeps trading.  Seems to work quite well.

ForexMx we’re shutting down, performance just wasn’t there.  Off about 10% now after about six weeks, just wasn’t in line with what we expected to see, plus any new clients are getting charged an extra pip, which will make it very hard for the trader to make money for the clients.  Which is key, imho.