LKHedgeFund's Feed
LKHedgeFund
Oct 17, 2012 at 03:29
This was the cause of our DD today, it was released 9am Sydney EST time. during our trades.
http://www.moodys.com/research/Moodys-confirms-Spains-government-bond-rating-at-Baa3PP-3-assigns--PR_257500?lang=fr&cy=fra
http://www.moodys.com/research/Moodys-confirms-Spains-government-bond-rating-at-Baa3PP-3-assigns--PR_257500?lang=fr&cy=fra
LKHedgeFund
Oct 10, 2012 at 23:44
Most accounts should be down 5-6% this month IF they started trading from the start of the month (those who started late will have roughly 8-11% DD). Today's drawdown was largely due to an unexpected news in the eurozone which effected all euro pairs. The good news is our system trades almost everyday and so we expect to recover this loss within 2 weeks and end Oct in profit. We have recovered quickly from many drawdowns before. Our last big DD was during 1st August of 7.5%. we took roughly 2 weeks to recover and winded up profitable for August. So please bare with us!
S&P cut Spain to 'BBB-' from 'BBB+'; outlook negative
Rating Agency comments
Says:
- Rising unemployment and spending constraints are likely to contribute to friction between Spain’s central and regional governments.
- Sees mounting risks to Spain’s public finances, due to rising economic and political pressures.
- Could cut Spain further if political support for the current reform agenda wanes, Eurozone support fails to help keep government borrowing costs sustainable.
- Could give Spain a stable outlook if budgetary and structural reform measures, and a successful Eurozone support program, stabilize Spain’s credit metrics.
Reaction details:
- EUR/USD moved down 11pips from 1.2896 to 1.2885 in the following two minutes, trades 1.2886 (+3pips) last.
Source: Newswires
S&P cut Spain to 'BBB-' from 'BBB+'; outlook negative
Rating Agency comments
Says:
- Rising unemployment and spending constraints are likely to contribute to friction between Spain’s central and regional governments.
- Sees mounting risks to Spain’s public finances, due to rising economic and political pressures.
- Could cut Spain further if political support for the current reform agenda wanes, Eurozone support fails to help keep government borrowing costs sustainable.
- Could give Spain a stable outlook if budgetary and structural reform measures, and a successful Eurozone support program, stabilize Spain’s credit metrics.
Reaction details:
- EUR/USD moved down 11pips from 1.2896 to 1.2885 in the following two minutes, trades 1.2886 (+3pips) last.
Source: Newswires
LKHedgeFund
Oct 11, 2012 at 01:50
Correction: last large dd, only took 1 week to recover on axitrader and 2 weeks at pepper stone
iliketrichs1
Sep 19, 2012 at 06:05
Well done.
LKHedgeFund
Sep 19, 2012 at 10:48
Thankyou! we worked very hard in the past 6 years to get to where we are now!
