HVB to strong new highs

Forex Risk Disclosure Statement

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.
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 CurrencyCTAs. 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.

By admin • Jan 31st, 2008 • Category: Bankedge, BlendedFX, ForexMx, HVB, K-3, Mcelhaney, PTI, Paskewitz, Sentiment, Zone

HVB rips to new highs, great day, up 7% or so. Love that program. Volume’s picking up in the market so hopefully it continues to have more days like this one. Made money long and short, great to see. K3 also continued in its volatile ways, up 4% or so. Have a call with Phil Worley of Mcelhannon tomorrow, he called to set the time today. Apparently his Saxo program is superior to PFGs, we’ll see. Spoke with Raj today on the PR Program - those guys look amazing and my colleague Bryan chatted with them - he has a great sense of managers and liked them as well. Working the last bits of our agreement out and figuring out where to have them trade - probably, or rather hopefully, a retail firm and a more institutional FCM, but we may have only one to choose from, we’ll see if Phil can do two. Blended FX up a percent on the week. Bankedge building a position, seems their strategy is changing to be more long-term and not so much news trading, though they still do some news. Devrim no trade, taking it easy as is his wont near the end of months when he is up, which has been every month so far, since last January that I’ve been watching. I know I talk about him ad nauseum. ForexMx up 4%. That guy is really impressive, like a proprietary trader open to the public. Paskewitz raised more money, now over 70 million. PTI worked great for me today, they’re having an FX program coming out at PFG soon, forget what it’s called, should be decent. I trade the SPY’s with it and it gives solid signals. And as I said Zone is now accepting notional funding down to only 20% - they churned out 600% in ‘06, ‘07 was ok but nothing like that - at 20% funding the returns would be astronomical, hope they hit it out of the park again. Sentiment up a couple percent.

I’m really excited lately, seems we have some really high quality guys to work with now, time will tell and I expect a few will fall off, but we’re really making progress. A few months back I was dragging and thought about throwing in the towel on managed accounts and moving to hedge funds, but things have really turned around. This blog has brought folks together and attracted the honest or successful traders and somehow screened out a bunch of not as good managers. Thanks to everybody for your contributions and let’s keep making money for each other.

To learn more about investing with managed accounts, contact us.