Inari's Posts | Myfxbook

Elixir in Trading Systems Aug 31, 2015 at 18:27

I think that his comments were a wee bit premature. In his defense they were made after only 6 trades had been made and draw down was close to gain - however now, after a couple of months and over 350 trades hit rates remain in the region of 80% - and draw down of 13% is reduced to a draw down of 8% in non-FX trades are removed.The system has stabilised well and is handling ranging and trending markets comfortably and is up in profit close to 70%. We will see how it pans but over the next months but interest has been growing steadily so i shouldn't complain.Sean

EUR/USD in Experienced Traders Aug 24, 2015 at 06:40

It has been an interesting week in the FX world and in the larger investment world as a whole. Something is not quite right though and we should consider a number of factors before betting the house in the incoming week. Firstly we have seen a huge sell off in global equities. Fear has returned to the stock markets mainly due to the news coming out of China.The Yuan devaluations have had big ramifications not just to the economies of China's neighbours but right around the world and especially in the emerging markets.Secondly the continued and worsening fall in commodity prices especially ...

Managed Accounts in General Aug 19, 2015 at 09:55

Hi Geoffrey,Have a look at the Elixir system, run via a PAMM account in UK. Manager is authorised and regulated by Financial Conduct Authority.http://www.myfxbook.com/members/Inari/inari-elixir/1289846Message me for more informationKind regards

Im an investor. How to find a consistent traders? in Experienced Traders Aug 06, 2015 at 08:39

7Hi, there is nothing to stop you trading both these pairs at the same time assuming you have available margin.In the European session in particular you do increase the risk as they will be driven mainly by Euro sentiment. However in the US and to a lesser extent in the Asian session where the USD is the driver you will have in essence a slightly levered USDJPY trade where the combined profit of loss of these accounts will be determined more by USD and JPY sentiment.Nope that is clear to you...Sean

Cable - where's it going next? in Experienced Traders Jul 27, 2015 at 14:24

Certainly in the afternoon sessions the USD is the prime driver and unless there if specific and unscheduled news that is Euro or Sterling specific most afternoon sessions will see the EUR/USD and GBP/USD follow a similar path.You can watch the ranging of the EUR/GBP cross for small opportunities but do not expect to make a fortune on these trades :)Sean

Cable - where's it going next? in Experienced Traders Jul 27, 2015 at 06:46

Yes it's now at an interesting point - technically you can see a sort of head and shoulders forming which doesn't bid too well - but reverting to fundamentals it should find support on recent comments so I doubt the downside will be to severe and we may see another upward movement from here... but it's too early in the Asian session to make a call - Mondays in Asia are no indication for Cable really - take a quick momentum based profit of a few pips if you get the chance - that about it till Europe opens Sean

Elixir in Trading Systems Jul 26, 2015 at 22:35

Elixir will soon be available through an approved fund manager in the US and FCA approved UK manager.Sean

Elixir in Trading Systems Jul 23, 2015 at 15:53

For those following: -The model is now actively trading UK Oil, Spot Gold and the Dow 30...Gradually we will introduce a greater range of indices and commodities but at this stage we are just starting out with products that are known to us.We have also moved servers to a new data center which will hopefully reduce transactions round robin time Sean

Managed Accounts in General Jul 21, 2015 at 12:27

The old adage is true Unfortunately if it sounds too good to be true - it almost certainly is...Making consistent profits in FX either by manual or automated methods is exceedingly difficult and most will fail.I spent over 2 years trading FX manually after a career in banking - I documented by trades - every one for that period including the use of a dicta phone. After that I have my own thoughts and reasons for entering very trade - nearly 5000 of them. Some of them made 3 pips and some 150 pips and many lost.Only after studying my notes and recordings did I try to form the basis of an algori...

Cable - where's it going next? in Experienced Traders Jul 20, 2015 at 06:43

Of course Cable can rise on a weaker USD as well..Carney has a much more believable presence then Yellen...Fundamentals are mixed - but with inflation running low and reasonable employment - the economy could stand 0.25% increaseOf course they always caveat the remarks - so no one is really committing to anything - just yet.Sean

Cable - where's it going next? in Experienced Traders Jul 18, 2015 at 08:00

No it's holding its own with the USD's riseBoE chair's comments yesterday - he has a lot more presence than Yellen :)Bit more volatility in GBPJPYBut by nd of day probably no real movement across GBP in general Sean

Managed Accounts in General Jul 18, 2015 at 07:58

Managed Accounts - just what is the purpose of a managed account?Lets assume you have £10K and you want to hand it over to someone to manage for you. Unless you are extremely well off then surely you want to make sure that your funds are not subject to extreme risk. In a nutshell risk and reward are measured in relation to the returns you get on a risk free investment. This is the opportunity cost (in economic terms of doing the fx trade) This could be a main street bank account as the £10K would be covered by FDIC (US) or the FCA in the UK. You then would amass a small amount of ...

EUR/USD in Experienced Traders Jul 18, 2015 at 07:57

If we were to be in a 'more normal' market the EUR/USD would be falling simply due to the fundamental picture.Ironically it has received a ton of support during the Greek crisis thus far to make sure that it doesn't appear to the masses that the Euro as a force is all but finished. What the past couple of weeks have shown if that Germany will try anything to keep the Euro-zone together. Greece may still be in there for now but it became clear that Greece had it future dictated to it and had no choice but to accept the greater of two evils and stay in Europe at a cost of decades of ...

EUR/USD in Experienced Traders Jul 13, 2015 at 09:48

Good morning @FXWES I have to ask where do you see the short term bullish sentiment for the Euro. BTW I have no position on it as I closed out my Short earlier - so here is a unbiased view...Fundamentally it is weaker then the USD - as full effects of Quantitative Easing are not yet seen - also the US will raise Fed Funds well before we see the ECB move. Its not just my thoughts UBS analysts are predicting parity within the year based on fundamentalsTechnically on Friday we saw a momentum based relief move purely based on the potential for good Greek news. The technical picture can be more cle...

EUR/USD in Experienced Traders Jul 13, 2015 at 09:47

The morning wakes to an agreement in words - but to even tougher terms that the Greek people had rejected in the referendum.That would point to a couple of possible outcomes - a mass rejection of the Greek government due to a sense of betrayal.However even before that - loads of legislation need to be passed by the Greek Parliament. It's a great opportunity for a rebellion and a vote of no confidence in the current Greek government an then elections and the saga could start again.Anyway the pair dropped nicely on the news which reinforces that there should not be a 'shout of joy' a...

EUR/USD in Experienced Traders Jul 13, 2015 at 06:26

Continuing on from the theme above it is clear now that trouble lies ahead for the Euro zone. The possible fracturing of Franco-German relations and )irrespective of the outcome now) a Greece that will sooner or later have to leave the Euro. Why? - well the new conditions will deny any chance of Greece paying of its debt mountain and social unrest will not help - haircuts will never be acceptable to other EU members. Maybe best take the break from the Euro and just let it become permanent - that way you could get some financial help towards exit.To the EUR/USD - last weekend we saw the pair dr...

Im an investor. How to find a consistent traders? in Experienced Traders Jul 12, 2015 at 11:50

@kaptaan thanks for that - we will see as it goes forward - as I said above there are about 12 different strategies each with their own money management strategies in place - looking at a function of volatility and whether or not there is a discernible range or trend. I am confident it should perform ok as it has been well tested but we all know that no strategy is perfect - but hopefully it will perform to an acceptable standard over time.We shall see :)Sean

Im an investor. How to find a consistent traders? in Experienced Traders Jul 12, 2015 at 09:58

Thanks @FXtrader2010 The system uses a huge range of strategies - and often multiple trades per pair - in that case the total net GPY position closed out in a profit - just one large loss which has skewed the average - which should be much smaller when eventually the number of losing trades increases... Sean

Im an investor. How to find a consistent traders? in Experienced Traders Jul 12, 2015 at 06:34

Only been going for a couple of weeks but would like some comments and feedback and maybe a few watchers as we move forwardhttp://www.myfxbook.com/members/Inari/inari-elixir/1289846/TFT06sjoc5ZHhNDro714RgsSean

EUR/USD in Experienced Traders Jul 12, 2015 at 06:29

Nothing is certain right now - markets rise on hope and fall on reality pretty often so I wouldn't consider a Greek deal a certainty.The amounts are relatively small - Greece is not a big player.If Greece gives too much then the already hard pressed Greek people will see it as a betrayal by their government. Euro-zone and in particular German public support for relaxation of Greek terms is at a low making this a political face saving exercise rather than a financial one. However much the German and Greek leaders may want a deal, they want to stay in office more - therefore the Euroland wil...

EURUSD	1.09359	GBPUSD	1.3048	AUDUSD	0.67401
USDJPY	148.679	USDCAD	1.37533	USDCHF	0.85717

Posts by Inari