Weekly analysis of Eur/Usd
Hello friends,
Eur is certainly on a rise after Dollar has crashed to bits.
EUR-USD : 1.4083
The Euro remains in the uptrend with the weekly trend bullish.
Any more ideas??:noserious
ITG and the Infinity Fund NEWS
Mid Week Update Dec 12th 2007
Wednesday 9:30 am EST - As many of you know Tuesday’s and
Thursday’s are my conf call days with FXTG, brokerage, IT dept’s
etc.. Yesterday I spoke with FXTG about timelines on their trading
systems being in place for our group, here is what we discussed.
· The Trend system “which is the account we were tracking
through Sept – Nov” should be in place to go live on our
groups account this week. This particular system now has a
feature which FXTG refers to as counter trend The counter trend
system is in place to protect the equity during large corrective
moved and retracements inside the larger trend. Not only can
the counter trend system protect open trades, but it will also
be able to pull additional profits for us at times as well.
This allows FXTG to use a more conservative approach when trading
the larger trend.
· FXTG has been testing their version of a binary equation
for several months and final testing is now completed. They
mentioned next week going live with this system which will work
in conjunction with the trend and counter trend system. However
it will trade in different markets (pairs) This system has performed
very well in testing providing anywhere from 3% to 5% gains in
most weeks.
· They also have a EUR/GBP system that should be in
place next week at the latest. This system is one they have
used on their own money for almost 1 year now and it is very
conservative and consistent pulling them upwards to 5% every
month all year long
· FXTG also has a pivot system and a day trading system
that their development team is saying early January to go live.
(I for one will tell everyone right now when a programmer says
January and 10K cost then we will have it in February for 15K
cost J ) Either way in early 2008 for all systems GO!
· FXTG has also been trading the signals they get from
their banking contacts and they have been trading these signals
for many months with great results. So far in trading our accounts
they have only closed a very few trades and are up roughly 3%
on those trades. However there is still one trade open that is
down about 7%. As mentioned in the update on Monday once the
autotrading systems are in place this week and next we will start
seeing daily trading results. We will see trades being closed
5 to 10 to 15 every day. At this point I will be able to start
showing these daily summaries and adjusting our balances every
Friday like clockwork.
· Bottom Line is.. By the end of next week our accounts
should have 3 trading software systems set up trading. This
will make a very diverse account for us since the multi systems
use different methods and can trade in 8 to 10 pairs at once
for us. Hopefully the trend and counter trend will be live this
week so we can get trading at full speed to close this week out.
I will post a note on this progress the moment I learn more.
We do need to have a little patience right now.. I know we
have seen delays from every direction this year but we are so
close to having everything we have waited for and worked so hard
to for set up and going to work for us!
Founder agent positions. Just to let everyone know we are working
up some new agent agreements and will post these in the back
office soon. Once these are in place we will no longer be using
paypal and will be using the bank of Montreal to collect all
wires. Basically we are doing is eliminating one step, Instead
of sending agent agreement, paying with paypal, then sending
the infinity agreement, then sending a bank wire and running
in circles. Positions are still available if interested. Just drop me an email at [email protected] with 'ITG AGENT' as the subject
We are putting both agreements in one. So anyone in the process
of signing up a new founding agent now, that is fine to continue
with the current process. Just note soon the new easier process
will be posted in the Agent agreement section to make all of
our lives easier.
Richard
GSIA GROUP
[email protected]
Independent Agent ITG and FREEDOMROCKS