Currency Forecast, December 31st 2013

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Currency Forecast, December 31st 2013
Currency Forecast, December 31st 2013
Currency Forecast, December 31st 2013
Currency Forecast, December 31st 2013

Last day for this year and I close all the positions:

Here is the final result for this year:

EURUSD: -1985 pips = -198,500,– USD
USDCHF: -958 pips = -107.500,– USD
EURCHF: +730 pips = +82.000,– USD
USDJPY: +809 pips = +77.000,– USD
EURJPY: -782 pips = -74.500,– USD
EURHUF: +3440 pips = +160.000,– USD
USDCAD: +450 pips = +42.500,– USD
GOLD: +198.000,– USD

Sum: +179.000,– USD

I will reopen some positions again then on 2nd of January 2014. Overall for the year the performance was not too bad, but could be better of course. Next year will be a big one regarding the easing policy, regarding EURCHF and regarding EURUSD.

I wish you all a happy new year and a good luck for next year’s trading.

I left all the positions below how they were last time that you can proof my calculation of course, but please consider that my position is currently flat everywhere.

Good luck,

**relatedarticle**

Current trades, positions and levels:

For info how the model works: The P/L is always calculated with the size of 1. So if the position is 1 and it makes a profit of 100 pips, the P/L would be +100 pips. If the position is 2 and it makes a profit of 100 pips, the P/L would be +200 pips of course – it is always calculated with the position size of 1. The position could go up to 3, in case the system has a strong view.

Current spot: EURUSD 1,3775 , USDCHF 0,8900 , EURCHF 1,2260 , USDJPY 104,95 , EURJPY 144,60 , EURHUF 297,00 , USDCAD 1,0645 , GOLD 1.204,00

EURUSD
(Entry lvl):
Current position: Short 3 @ 1,3150
Target:
Stop lvl:
Last trade:
P/L (ytd): -110 pips

USDJPY
(Entry lvl):
Current position: Short 3 @ 100,18
Target:
Stop lvl:
Last trade:
P/L (ytd): +2240 pips

EURJPY
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): -782 pips

USDCHF
(Entry lvl):
Current position: Long 3 @ 0,9366
Target:
Stop lvl:
Last trade:
P/L (ytd): +440 pips

EURCHF
(Entry lvl):
Current position: Long 2 @ 1,2265
Target:
Stop lvl:
Last trade:
P/L (ytd): +741 pips

EURHUF
(Entry lvl):
Current position: Short 3 @ 300,00
Target:
Stop lvl:
Last trade:
P/L (ytd): +2540 pips

USDCAD
(Entry lvl):
Current position: Short 2 @ 1,0620
Target:
Stop lvl:
Last trade:
P/L (ytd): +500 pips

XAUUSD (Gold)
(Entry lvl):
Current position: long 2k @ 1.233,50
Target:
Stop lvl:
Last trade:
P/L (ytd): +258.000 USD

To contact the reporter of this story: Marco Roemer at marco@forexminute.com