Rapier (By forex_trader_261000)

The user has deleted this system.

Rapier Discussion

Jul 06, 2015 at 12:40
2,917 Views
62 Replies
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Dec 31, 2015 at 16:48
EUR/USD: We finally got into the 1.08-fifties. The continued weakness in the Pound lead to a bid tone on the EUR/GBP pair which led to buying in the EUR/USD pair and although the fundamentals said 1.10 should not be breached, the low volume during the holiday kept the latter pair inflated. We've cut some positive positions and will look to manage the remaining open positions throughout the rest of the day and into 2016 if required. It's just not sensible to leave the whole lot running at this crucial time.

Best wishes to all our followers for 2016.

Kevin
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Jan 09, 2016 at 12:57
EUR/USD, Friday's US NFP strong figure caused a spike lower in price action but not a continuation. There was a good reason for this: The spike caused a flurry of buy backs when the price action went lower through several key Bollinger band time frames where 95% of the price action will remain inside the bands. Interestingly, had the figure not been so strong, say around +200K jobs added, we might have seen a steady continuation lower in the pair. But this, coupled with the fact that 'cable' was being heavily sold, and a repeat of the recent trend to buy EUR/GBP as a hedge kept the EUR/USD pair elevated. This price action was also a repeat set up of the recent US interest rate hike, but without the subsequent sell off in the latter pair after it bounced from its lows post announcement.
  
Member Since Oct 06, 2012   28 posts
Jan 09, 2016 at 21:29
Yes, it turned up ok finally, but was it really a smart plan to meet NFP-s with 1.5 lots of open positions?
Member Since Jun 25, 2015   30 posts
Jan 21, 2016 at 08:39
Is there any live account for this system to follow?
Member Since Oct 06, 2012   28 posts
Feb 03, 2016 at 18:55
Hello Kevin, maybe you have some message to your followers?
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Mar 15, 2016 at 12:17
Marx64, et al, GBP/USD trade, Brexit idea and lately a Morgan Stanley trade recommendation to short the pair to 1.3500. Goldman Sachs also recommend a short position on the pair with a long Dollar outlook going into this weeks FOMC.

Naturally we are unhappy with the results as they stand for March, nor for February, even though we eventually returned nearly +2% on our account (a lot more than an investor will get from a high street bank at the moment). Also, copy traders have the ability to set their own risk parameters via their broker platform and Signalstart.

Looking to the future our trades will be limited to 1 standard lot on a single currency pair trade. However, we shall be looking to introduce hedging: including trading in the same pair, but in the opposite direction, if required. This is something we have resisted until now because some copy traders may not currently have such a facility with their broker and by undertaking such action at the present moment in time might result in unnecessary loss to a copy trader’s account. Further details will be posted in due course before this strategy is implemented.

We will also be increasing the overall lot size to 3 standard lots.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Jun 21, 2016 at 13:01

Our new trading criteria is in place; see our bio.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Aug 04, 2016 at 14:51
Jumped into our short GBP/USD trade a tad too early but held on as Mark Carney had nowhere to go other than drop interest rates.Good start to the month overall. A/C now +295% with 90% positive strike rate this year.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Aug 26, 2016 at 19:25
Our new strategy is helping to keep our drawdown low. We'll be looking to to execute less trades next week in order to see out August - typically a quiet month - with a nice profit of over 11% and a 100% strike rate for the month.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Sep 21, 2016 at 10:35
Dollar weakness evident on the basis that the market predicts that the FOMC won't act decisively tonight.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Sep 27, 2016 at 17:46
Note to self: timing, timing, timing.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Sep 29, 2016 at 12:51
Looking for end of month short term scalps. A/C just passed through +370%
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Sep 30, 2016 at 22:36
Negligible draw down for Sept. with a 100% strike rate and 10% return. Great trading. Thank you for the continued support to our copy Traders.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Oct 04, 2016 at 16:58
Welcome to our new followers. We salut you and hope you enjoy the money we made you today. Thank you to all our followers for your continued support.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Oct 06, 2016 at 10:20
We just pushed through +385% and are moving back up in the rankings.
Member Since Sep 10, 2014   8 posts
Oct 11, 2016 at 10:03
have you ral account with myfxbook.com if yes please send me link and after joining.
rapier
forex_trader_261000
Member Since Jul 06, 2015   45 posts
Oct 20, 2016 at 09:25 (edited Oct 20, 2016 at 09:25)
It's another important milestone as our account hits +400%. Thank you to our growing band of followers for your continued trust and support in our service.
forex_trader_95486
Member Since Oct 17, 2012   31 posts
Nov 02, 2016 at 11:27
😎Do u intend to trade using live accts? at least we can follow the lots properly
forex_trader_95486
Member Since Oct 17, 2012   31 posts
Nov 18, 2016 at 21:30
😞bit worried and bitting nails for UJ positions open on 10/nov. In hindsight should have suspend copying as it was just after US election abt 3 days and loads are still being processed 😭
Member Since Jan 05, 2016   1189 posts
Nov 18, 2016 at 22:20

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.