Hmm, well I just looked at the update again and the return was actually 10.94%.
Andrew, the forum you're thinking of is
Gold-Horizons. Nsfg maintains a private folder there.
It's all greek to me but here's Ken's latest email update. Maybe someone can decipher the strategy he's using.
Quote:
Trading Report - April 2007
April has been a terrific month in the markets. It started off a little slowly with the Easter week, where volume was muted, but slowly the markets began to pick up the pace and we have seen some very nice movements across the board this month. First and foremost, we have seen the US Dollar depreciate against almost every other currency except the Japanese Yen, but the Yen itself has also had some decent moves against other higher yielding currencies as carry traders repositioned themselves several times. April was also the month where the Pound hit the big 2.0000 level against the Greenback and the Euro came within 5 pips or so of the all time high around 1.3670. Should be interesting to see if the US Dollar can mount some kind of a correction in the coming weeks now that the heavy majority of the market is short the dollar.
Throughout the month we have approached the markets very carefully and only selected the very best setups. This has led to some days being very slow with little or no action happening and other days where activities were high. Let's look at some statistics... The end month result is +1,177 pips which is +777 pips above our weekly target range and above the magical +1,000 pips mark. Equity gain overall ended at +10.94% which is twice our monthly goal and that was after having completed 113 individual trades. 80 of these ended as winning trades and 33 ended as losing trades. That is a very good win ratio of over 71%. Biggest individual win was +131 pips and biggest individual loss was -54 pips. This last week in April was truly great. With a win ratio of 87.5% we made a massive 695 pips this week alone. So all in all we traded through 4 weeks in April and won all 4 of them. Not much else to ask for.
It was truly a pleasure to trade through an entire month without experiencing any technical or administrative problems whatsoever. It gave our trading strategies the time needed to prove its high worth in both ranging and trending market conditions. Our second trader Kelvin still needs some time to kick into gear. He was down around -1.3% (Included in the +10.94%) after April which is within a very acceptable draw down range. He is currently refining some of his own techniques and we look forward to having the two trading strategies complement each other. In May we are once again forced to begin on a very careful footing, as we need to get past lots of holidays in week 18. Goal there is to get around +50 pips if possible but otherwise just remain risk averse and sidelined.
I hope everyone will enjoy the wonderful spring month ahead and I look forward to another good trading month with NSFG.
Ken
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