Results since last update (2 weeks): 

Cable Glider — 1 win , 0 losses

Euro Ranger — 0 wins, 0 losses

Over the past two weeks, the account had a net gain.

This month, the Cable Glider is showing a net gain.

This month, the Euro Ranger is showing a net loss.

This month, Cable Glider has been more profitable.

More gut wrenching volatility and unbelievable range expansion occurred this week.  The British Pound moved in a range of just under 23 cents against the Dollar this week.  It wasn’t too many months ago that I instituted a volatility filter in the Cable Glider that shut it off after the market moves in a range greater than 3 cents! 

From open to close, the British pound lost over 1400 pips against the Dollar…and the only trade entered by the Cable Glider was a long trade that profited 7 pips.  Then the floor absolutely fell out of the market, but the Cable Glider was on the sidelines due to the volatility filter.

It is worth noting that the version of the Cable Glider system that I was running last year, which doesn’t have volatility filters in place, captured gigantic pieces of this downward move (over 1300 pips) and is now sitting at a new equity peak (when traded on a one – contract per trade basis).

Volatility filters also kept the Euro Ranger sidelined for all of the last two weeks.  Instituting this filter has been a net losing proposition so far, as the Euro Ranger (unfiltered) would have been a perfect 4 and 0 this week, netting over 250 pips.

So, on one hand, I missed out on a big opportunity.  On the other hand, I acted prudently to protect my trading capital (recall that I cannot cut my position size without switching trading instruments).

Surely it’s possible to make a killing in this environment, but surely it’s just as easy to get killed.