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Rapier (By rapier )

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Rapier Discussion

bob
rapier
Aug 16 2015 at 09:55
45 posts
Rapier: We are off to a steady start with our colour coded indicators showing us the way to a +57% increase over 2 months with a low draw down and trading with minimum lot sizes which we add too as we go. Having experienced trading as institutional brokers for Tullets in London we fully understand the power of trading with the trend in small ranges to specific 'Targets'.

We teach our methodology via our online educational course at www.kos-forex-academy.com and people can copy our trades on Signal start under AceFX.
bob
rapier
Aug 22 2015 at 14:33
45 posts
We have been expecting chaos in the markets as China slows and the bad news out of Greece becomes somewhat muted. That along with seasonal expectations of a lack of liquidity caused a market jolt and a flight to quality last week, and that is why we decided to sit this week out. Next week we could see some retracement caused by profit taking and further uncertainty. We will be looking for the breaks to come on the unusually bid EUR/USD pair around the key 1.14 level and looking for opportunities to sell it.
bob
rapier
Aug 24 2015 at 16:58
45 posts
One of the most volatile FX sessions we have been involved with for a very long time and we needed to ride out the storm from 1.16 to 1.17 in EUR/USD today. But we were confident that profit taking would see a reversal from the sharp move higher which helped us to push our gains to over 62% now.
bob
rapier
Aug 27 2015 at 19:10
45 posts
You can now subscribe to our signals on Signalstart.com under Rapier. Our current followers could have made over $700 this week if they followed us to the letter!
bob
rapier
Aug 29 2015 at 09:07
45 posts
Rapier is +6% this week in volatile trading. Our profit protective software kicked in and closed a few trades that then went on to make further gains but we cannot do much about that. Better to make a tiny profit on occasions than a loss! Our win ratio is now up to 82% and we are delighted with this.
bob
rapier
Sep 15 2015 at 22:29
45 posts
Last week's tail end Dollar weakness was due to position taking ahead of the US's interest rate decision which is due this Thursday. With the stock markets taking a battering the EUR/USD was seen as a flight to safety after a brief rally on EUR/CHF and the GBP/USD. And with gold and oil taking a trip lower bound the markets were acting out of kilter/correlation.

But we likened the blip with the EUR/USD pair to a small dog chomping on a tight leash and with the threat of a hike in the US - no matter how small - the lure of the 1.1200 would remain in place until after the Fed make their announcement.
bob
rapier
Sep 16 2015 at 11:30
45 posts
As we predicted, the EUR/USD pair is now flirting with 1.1200 - currently trades at 1.1215. We earlier came withing 3 pips of our target exit at 1.1210 when we closed out all our positions. Extra cautious trading now with tight stops is the only option where extreme volatility is imminent.
bob
rapier
Sep 20 2015 at 17:06
45 posts
Friday: we thought we would wait for some resistance around the key 1.1450 area with EUR/USD before going short. We did go short here but the market tripped our break even protective software before continuing the sell off and we missed out on a nice move. But, hey, ho, we will return to trade all too soon with more opportunities as presented by our colour coded indicators.
bob
rapier
Sep 24 2015 at 10:30
45 posts
EUR/USD: Pre Mario Draghi's speech yesterday the market was looking for dovish tones intimating that Q.E. was to be ramped up and we sold into those expectations.

In fact his comments were not as dovish as the market was expecting, however, we knew we had to exit short trades below 1.1150 in the pair when his speech started.

The market is now looking for fresh levels and support can be seen at the 1.1200 level with expectations of the pair moving to 1.1230 this afternoon.
bob
rapier
Sep 24 2015 at 11:08
45 posts
EUR/USD hits 1.1230+ as we predicted.
bob
rapier
Oct 15 2015 at 11:28
45 posts
Why we are still bearish on the Euro: The last week has seen a technical blip higher, based largely on stagnant trading ranges. The weaker than expected US Non Farm numbers instigated the move higher, because the market perceived a delayed interest hike from the Fed after the numbers. But the Fed are still bullish saying they only need +100k jobs added each month, and lets be honest, in a country of over 300M citizens it almost beggars belief that a mere 50K lower figure could cause such a fundamental shift.

Speaking of fundamentals, the Euro region is still subject to increased QE, and we are in now way out of the water when it comes to Greece! And what with the nuclear fallout we expect from the VW crisis, we expect a renewed push lower for the Euro. Our range for the EUR/USD pair is a maximum of 1.17 to the upside and 1.10 to the downside within the final quarter of 2015.
bob
rapier
Oct 18 2015 at 11:19
45 posts
EUR/USD: This week's focus will be on the ECB meeting on Thursday and, will they or wont they add to the Q.E. program. Doveish tones and no action could see the pair return to 1.15+ levels, while extra stimulus would see the bears push the pair towards 1.12.

We'll be looking for current open positions to fall below 1.13 in order to manage with break-even and positive stop loses ahead of the meeting and looking to close all current positions above 1.1350 by Thursday for risk aversion.

   
bob
rapier
Oct 19 2015 at 15:50
45 posts
EUR/USD pair fell as we predicted last week, but the very narrow range left us little option than to take our profit and look for further entry points to scalp.
rob559
Oct 20 2015 at 06:05
1916 posts
just broke out the range down
bob
rapier
Oct 23 2015 at 14:14
45 posts
Thanks Rob. Unfortunately, our protective (break-even) software was a little too protective and we didn't enjoy the ride down even though we sold at the top. Still, we stick to our methodology and we're up 108% now with a 98% strike average this week and hope that all who are copying our trades will be satisfied.
rob559
Oct 23 2015 at 16:40
1916 posts
hard to profit of each situations when we stick to 1 or 2 strategies
bob
rapier
Nov 03 2015 at 11:14
45 posts
GBP/USD, I think we found the floor at 1.54. Decided to abort the short around these levels and exit flat.



bob
rapier
Nov 04 2015 at 15:17
45 posts
Current value of real funds, including our own, following our strategy is $$180,876.67.
bob
rapier
Nov 05 2015 at 16:39
45 posts
Mixed bag today, we were looking to short the GBP/USD if no rate change and market hit 1.54, we intended to sell USD/JPY at 122.02 and short the EUR/USD at 1.09. All came within a few pips of execution.
bob
rapier
Nov 07 2015 at 10:29
45 posts
A client (copy trader) contacted us and asked why we closed our profitable short EUR/USD positions just before US Non Farm Payroll release and didn't let them run on and capture the almost 150 pip move lower. The reason is as follows: the institutional traders enjoy tighter spreads over economic news releases than us retail traders. The price we get over such releases can gap 20-50 pips. Absolutely anything could happen to a currency pair within such a spread no matter what the fundamental news might suggest (sometimes the news is already reflected in the price) And so, because we are not psychic, we are not able to predict market movement until a couple of seconds after assimilating the information, in which case we would not be acting in our clients - and our own - best interests in trading fundamental news flows. Of course we could take a punt, but that's gambling, and we are professional traders. Trading fundamental news releases is the quickest way to lose your hard earned cash!
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