Ed Mamula.com

For a guy who spends all day every day staring at price charts, I sure am terrible at making and updating equity curve charts for this site.  In keeping with that tradition, I have finally posted a model chart for Cable Glider II and for Cable Glider I + Cable Glider II that shows the spectacular fall and rise of my fortunes so far this year…it’s nice when it’s in that order. :-)   There is an arrow on the combined chart showing where I started to use Cable Glider II;  although it may appear that this “halted the slide”, it’s merely coincidental…both versions of the Cable Glider would have done quite well, and in fact, the volatility based entry that distinguishes CG II from CG I has only been triggered a couple of times.

# closed winning trades : 3

# closed losing trades : 2

Total Net monthly profit % (risk capital + living expense buffer) : 20.0%

Net monthly return on risk capital : 25.9%

What a week.  Monday was a nice day for the Cable Glider as we were able to capture 80 pips of the downside move, getting stopped out after the FOMC interest rate decision on Tuesday afternoon.  I suspect that a lot of folks got whipsawed around on Thursday and Friday as the volatility is really picking up…I can count myself very lucky to go 1 and 1 on Thursday and Friday for a small net gain.  I was literally a few pips from a new all time equity high after Thursday, but a loser on Friday knocked me back down a bit.

I’m shifting more of my capital over to the futures market for next week’s trading.  I’ll be keeping an eye out for slippage as I increase the order size.  So far, the only negative thing I’ve seen in the BP futures is the tendency for the spread to widen during the Asian market session…sometimes it stays tight (2 ticks), but I’ve seen it go to 6 ticks with very little depth in the market.