I just watch this contest recently and i was thinking about the things i'm going to post in here first. First of all, it is a pleasure to got in the contest once again with you guys and i'm eagerly to wait the result after the contest is finished. Thanks for all moderators and admin to make this contest and i hope everyone will participate in this contest next time!
First of all, as for how i'm trading in the past 3 months is by watching insider information. For an example about the information i got... Here's the picture of it.
Attachment 15566
And after i got the picture about their trade information then i will check each bank's performance first whether they are good or not. For example...
Attachment 15567
After i watch their performance and it is good (i am watching from 6 months performance till 2 years performance first) , then i will try to take a look at their analysis regarding the position first just like this
Attachment 15568
Ok, now i got their analysis already and then i will start to watch some data first in order to confirm the direction of this trade whether it is sustainable or not.
Attachment 15569
First i will watch the data in here and try to think about their rationale. And i find out that ISM data is good enough to show a jump in the industry which supports a rate hike. I know that unemployment rate rising is a concern with a not too good NFp too. But the NFP last month revised higher and it might cover the poor NFP in this month's release. Not to mention wage growth is stable and it means rate hike is still on the table.
Now how can i know the rate hike is priced in the market or not?
I'm going to check things like this one...
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You can check the December rate hike is priced in around 68% and that means there are still 32% need to be chased. To tell you the truth, it is around 48% at the start of this month or at the time i'm following Barclays's trade.
So from USD's side, this trade is clearly followable. The data and analysis both from what i can check myself and from the insider's data supports this trade. And this is how i'm making this trade. Ok, time for the result... If i'm not getting any result then any of these will be useless isn't it? as for this trade, it is still floating until now since it is not the last 3 month's trade. But certainly this is how i make an analysis to trade in the last 3 months.
If anyone want to ask whether i'm using a forum bonus account for that, then no. Forum bonus account will be the place where i'm doing speculative tests and testing strategies first. Am i posting about my copyfx account for the last 3 month's contest? No... it is some other account but now i'm making a new copyfx account that you can see in trading journal with the same strategy with this account. So that simply means i got a lot of accounts in roboforex!
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Nothing much but that is the result of my trading for August this year i think.
Ok, now time to cover a few trade i did in that last 3 months! As for strategies, it will all be the same as the explanation above. But with different time and different analysis for different pair!
In July, the trade was focused on GBP/USD pair
In August, the trade was focused on USD/JPY pair, AUD/USD pair and GBP/USD pair.
In September, there are not much trade but there are a few trade for GBP/JPY pair.
Certainly i have shown the result for August's trade already at there.
Are you not placing any commodity pair such as Gold in this account? No, Insider's information only consists of forex trading pairs and i only trade forex pairs in here because i only got informations about that.
Greatest profit is $366 and maximum drawdown is around 10-15%
Hope you guys enjoy your time in my blog and have fun trading out there!
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Originally Posted by Vicko
