May Forex Trading Contest
May 5, 2007 by Trader Rich
With about 1 week through the May forex trading contest, Alex leads the money manager category with an impressive 18.20% return. itineranttrader leads the conservative category with a return of 2.79% and currently there are no aggressive trading category leaders. Equally as impressive is the fact that a majority of the 14 traders with a positive portfolio return also have impressive maximum drawdowns. The contest is still early though and I'd expect this to change over the coming week(s).
I had 1 profitable and 1 losing GBP reversal trade which balanced out. My gains are mainly due to shorting the USD/CAD multiple times. I am currently out of the market but have some longer term signals that will give me trading opportunities when the market open on Sunday.
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Hi Rich,
The competition is in full swing and I just thought that I would participate for the challenge. I just completed catching up on your blog articles and found the GBP/USD videos most interesting. I use a similar method and it works quite well. What is the accuracy rate that you are currently achieving with your GBP/USD method and is it the only method that you use for your trading? I use the GBP/USD method as a part of my overall trading strategy….and especially when the market is trading in range. If I don’t see a trading opportunity with the GBP/USD, I go to other currency pairs and the same method works very well. All the best and good luck with the competition. Happy trading…forexnetworth
Hey there.. I have followed ur website for quite a while and well thought if you would like to check out a short analysis I put in on the DOW based on Tom De Mark Indicators.
forexnetwork, I’m not sure what the accuracy rate is with this strategy and basically it’s the only real systematic strategy I have right now. I’m working on other but just haven’t found anything viable. I’ve never tried this strategy on other pairs but you mention that you trade this sort of method on other pairs? What is your accuracy rate? Thanks and good luck to you too.
Top traders on this contest are really high-risk traders and rely on luck. Just my 2c.