Carry Strategy 4 Update

Hello everyone, I am posting an update for my Carry Strategy #4. As usual, you can monitor the performance of the two carry strategies that I am posting on this blog by clicking on the Carry strategy numbers in the label section on the right hand panel of the blog.

I will not be posting any screenshots today, because there is nothing new. The JPY is tsill going down infront of the GBP, and that's thy key for this carry strategy success. Ia m waiting to see when the GBP will start diving in front of the JPY, that's where the real test of this strategy begins.

I am not doing any carry strategies on my live account. The strategies are tested only on demo account from the pretigious broker that have all my loyalty OANDA http://ww.oanda.com

Now with the update.

Account Balance: 5,729.31
Unrealized Profit/Loss: + 3,095.10
Net Asset Value: 8,824.41
That is a total of 729$ interest since November 1st.

The account was opened on November 1st with an initial deposit of 5,000$. No trades have been made to this account at all. For further information and screen shots, just refer to my earlier post on this strategy.

My first carry strategy.

We will call this "Carry 4". I have taken the idea and the ratio of positions from one of the members of the OANDA forums. I have been implementing it since November the 1st. You will see in the account activity I am long GBP/JPY 46,040 Units, I am shorting USD/JPY 23,020 units, and I am shorting GBP/USD 20,000 Units.





So Far I didn't do anything with this strategy after I placed my initial positions, I am just letting the interest profits go. After the recent rate hike in GBP yesterday, I don't know how this will affect the strategy, but we will see in the coming few month. I think I can just cancel the GBP/USD trade now safely, because the interest is equal now.



As you will see in the account activity, I have more than 10% profits as of January 11th 2007.





I am welcoming any comments and suggestions to improve this strategy. I wonder how this strategy will work if the JPY start showing its muscles.