Tuesday, June 8, 2010

May Performance Update


I thought I would start to post my performance figures in a format similar to Nick Radge. Nick's Growth Portfolio system trades the same market using a trend following philospophy. You can subscribe to Nick's system at www.thechartist.com.au .
The market over the last 9 months has been the worst conditions for my systems - lots of whipsaw type trades i.e the market takes off and triggers trades and then just as quickly reverses. It looks like to XJO may be finding a bit of support around current levels, with a long kangaroo tail on tthe 21/5 with huge volume. If 2300 holds over the next few weeks we may see a bit of a rally. But, again every time I give a prediction it seems to fail - the exact reason I trade systems with a postive edge.