>> Weekly Review and OpenBook Roundup

In the US, economic data continues to be eclipsed, at least in the media, from financing that surrounds the filmed Facebook IPO set to start tomorrow. Nevertheless, there were some events worthy of note in the United States. yesterday, the Federal Reserve released the minutes of the most recent meeting of the policy. While the bulk of the minutes did not propose any impending change in current monetary policy, there does not seem to be any weakening of resolve regarding the attitude of the Commission to the ongoing ultra low interest rates. According to the minutes, only four members of the 17 the Commission that should remain the commitment through 2014. In the same vein, many more members of the Committee said that it would support more relaxed position if the recovery is losing momentum or outlook is weighted with more downside risks.
In the eurozone, Greece was the week of the other "big" media event-all attempts to create a coalition Government by the newly elected parties have failed and a second election has been called for next month. Most analysts do not expect the result well, or rather does not bode well for continued inclusion of Greek in the eurozone. Any anti-austerity/anti-bailout is expected to meet, and their attitude was continuously to the doctrines of the existing EU Treaty – who believe that is essentially Greek in poverty – thrust lapse. OpenBook guru is FredrikBoe91 good way to hitting the 500 Copier? during the last 24-hours, the trader had successfully closes a long string of hedged trades the pair EUR/USD with the latest shorts by hitting TP with profits by 31%, 28.5% and 54%.
Japan surprised analysts and markets alike with the news that first quarter growth beyond the expectations that strengthens the resolve of the Government to restore the country and the economy of former greatness. Clearly, very few believed that the damage from one of the worst disasters in modern history could have been very effective and quickly addressed and overcome. The Japanese yen, which suffered a huge blow immediately after the earthquake of March 2011, had not only recovering but emerged as a Bastion for investors seeking safe haven. During the last 24 hours, Australian guru ryklose who has 205 copiers, small profits scalping has ranged between 1% to 3% of the pair USD/JPY, and several recently opened longs are ready to cash in the Bank of Japan's commitment to a weaker yen.
At the top of the Council 1 year ranking of OpenBook, favorite trader guru Pawelskrzypek remains in position # 1. But a new way of calculating leaders, using the proportion of profitable days, emerged a new face position # 2. OpenBook rphilip merchant from Egypt has traded with a well-diversified portfolio. 1-year, which should include positions in currencies, commodities and indices. During the year, the trader has eliminated all positions of indicators and has 78 to 93% of the portfolio currency pairs with the remainder going to commodities. Looking at this trader strategy last month, the trader had profitable positions in gold and silver with 21.9% and profits to 5.2%, respectively. Goods linked to currencies have also offers significant returns an assignment, 1,9% in USD/CHF resulted in a profit of 32% and 15.5% share gain in CAD/JPY returned 19,7% and 19.3% interest of the USD/CAD pair supplied to 4,7%. Three open positions on the GBP/CHF and USD/CAD USD/JPY it all current Green by 19%, 67.09% and 56.07%, respectively. Clustered indexes, profits, and others led to a page P and L Green. 1-week trader P/L is 7,9% in 1 month, 3 months, 35.8% to 72% and 6 months and one year in 119.4% and 133.3%, respectively. Given the consistency of this profitable trader over the past year, it is a certainty that the 33 copiers will multiply rapidly.


OpenBook trader tomto1 from Germany, which has 147 followers and 38 copiers, is another who has successfully used a strategy that employs both self-initiated and CopyTrades locations. The trader is currently listed among top traffickers both rank 1 month and 3 months councils, with a proportion of profitable days 63% and 52%, respectively. While trader 1 week P/L is red, numbers significant improvement during the periods beyond with profit 25,3% in 1 month, 241.1% to 3-months and 79.9% in 6 months. Over the past three months, the dealer had a gain ratio of 91.7% regarding the distribution of 991. The majority of the assignment is with the merchant a pair EUR/USD, but the pair gave the lowest percentile gain, while fractional portfolio allocations of USD/CHF, USD/JPY, USD/JPY, EUR/USD and EUR/JPY pairs all have provided greater profits ranging from 8.1% and 1.7%. The highest gainer in the portfolio is a small allocation of 1.4% in index DAX native trader, which provided a return of 24.5%.

!!! Important update: OpenBook calculations have been revised

proportional amount of of money.During the last couple of months we were witnessing to an amazing development of the OpenBook ecosystem, as more and more traders started copying other people who were also copying others. It raised some issues regarding the way we were calculating in which ratio the copied trades shall be copied.
Today we are announcing that the calculation has been revised.
When a Guru opens a new trade, the ratio will be calculated based on this formula:

“Total available balances” will include the total available funds that the Guru has in his balance AND all the available funds in active CopyTrader balances.

Then, the new copied trade will be opened by multiplying the CopyTrader ratio with the current CopyTrader balance.

In addition, if someone copies this copier, the ratio which will be used, will be still calculated in the exact same way!

Example:

 John
John has $3,000 in his balance.
John started copying Michael using $1,000, and out of this amount, he already has $500 invested in open trades copied from Michael.
Therefore, John currently has a total CopyTrader balance of $500, and a Total available balances of $2,500.
Michael
Michael has $5,000 in his balance, and he is also copying 5 other traders, using $10,000, but only $5,000 are invested in open trades.
Therefore, Michael has total available balances in a total sum of $10,000.
Michael just opened a new trade, using $1,000.
The CopyTrader ratio will therefore be 10% ($1,000/$10,000).
John will automatically copy this trade, using $50 ($500 * 10%)
Now comes Lisa…
Lisa has $1,000 in her balance, and she is copying John using $200.
She will therefore automatically copy John’s copied trade, using $4.
Copy copier ratio = 2% ($50/$2,500)
Copier’s trade amount = $4 ($200*2%)
In order to display sharper, clearer, intuitive performance data, we have transformed ALL the stats to be based on Net Profit.

The new calculated net profit, affect the followings:
Gain presented in the trading feedProfit and Gain, presented in “Open Trades”Profit and Gain, presented in “History”Winning Ratio, presented in user profiles, and rankings are now based on net profit in determining a “winning” trade.We are currently working hard on an incredibly important feature that you will find....

>> OpenBook stats – How I use them – Part 3

Now talk about the percentage of trade for profit.
The best way to understand these statistics is to find a scenario and see how you will come to a stat.
Trader 1
Position 1
Opening statement-
Trade size – 2000 USD
Leverage risk – 100, 200 units of 1,000,000.00
Position taken by the GBPUSD sell at 1.6000
Status shortly thereafter when trade is profit
Trade size – 2000 USD
Leverage risk – 100, 200 units of 1,000,000.00
Entry into 1.5950
So profit is 1,000 USD, which, after taking out, gain 49-50%.
Now, let's say trader 1 is busy man and does not want to sit in front of the computer and the market is volatile. Knows the design of ATR is approximately 250 Pips and – like myself – stop losses in a hates market time limits. Thus, once the position is open that a deficient interrupting changes amount 10,000 USD or in other words 500 Pips.
The percentage of profit after gaining a TOR 50 now is 10%.
For a 100 x risk calculation is straight forward, but gets complicated quickly at other levels.
The baseline is that the profit percentage is dependent on how much money offered for trade rather than anything else. Returning to the main point of this blog post, what we learn from this stat?
The important part is to see the open point and exit point of trade and to see how many pips the trader has done, rather than what is the profit percentage if you're copying. Merchant or commerce, is that you'll get pips from breeding and is based on your equity will decide your interest in monetary terms.A very small number of pips and lot numbers of trades – trader is mostly from a scalper. Nothing wrong about this, but just make sure that it serves your temperament.Varying number of pips in less or more distribution – personally I prefer to much because it shows that a trader in market decision-making rather than sticking to a static type, but consistency can be a problem.High number of pips and fewer services –Cautious scheduled negotiation – as per earlier posts how good the trader makes other pairs, other directions and volatile times it is to be verified.
Please remember that there is no kind of exactly the type of "wonder". The points presented above is observational points that should correspond with temperament and your profile.

The price of gold takes some traders by Surprise OpenBook

 Yesterday, the Chinese Government has revised its economic growth of 8.0%, with Wen Jiabo, the Chinese Premier, citing inflationary pressure and the concerns of global growth as the reason for the downward revision of forecasts of 7.5% in 2012. According to Wen, the Government intends to reduce its dependence on capital foreign and external spending and increase its efforts to increase consumer demand. With a decline of the Aussie Kiwi Dollars, gold fell below $1700 an ounce. On OpenBook, a sense of gold investors is strongly upward. A number of traders of gold of OpenBook caught flat by the news of China.One of those who won was OpenBook trader greggson5; This Trader had a return of 4.4% on an allocation of 77.7% of gold, in the six months, but several long positions opened just before the dip of gold are now in red and the 1735.00 target. But as the trader on his wall, are not all commerce will be a winner, and he appreciated these copiers that stick by him even.
Get the most from the drop in prices was OpenBook guru pipsfx, which identified an opportunity and bought gold that he dived to 1698.15 and later closed to 1703.85 19% return. Two positions of long open later are now in territory negative but only need a small gathering to make a profit. Javiviveloz guru of gold was at the top of the situation, closing four short positions, as fall began, ultimately capture average 8% return. This Guru has since added to its existing long positions expected that uptrend will resume.
As analysts stressed repeatedly and repeatedly, not only are the underlying fundamental principles that support the price of gold still in play, but the recent drop in price $100 a physical gold even more attractive to speculators. And despite the news of China yesterday, the country is still on track to become the largest purchaser of the world by the end of the year.

Weekly Review Roundup OpenBook

 

Cette semaine nous attirons votre attention une fois de plus à OpenBook gourou Babczyk. Puisque nous avons tout d'abord mis en évidence ce commerçant en octobre l'année dernière, sa popularité parmi le OpenBook a augmenté de près de 1 500 fidèles et 184 copieurs puis à près de 1300 de cette rédaction. Étant donné que ce commerçant communique principalement par l'intermédiaire de son mur commerciaux en allemand, sa suite incroyablement forte parle de ses compétences comme un commerçant plutôt que comme un communicateur. Partisans et copieurs devraient savoir que bien que l'anglais n'est pas sa langue maternelle il répond aux questions et commentaires afin qu'ils ne doivent pas laisser la barrière de la langue est un obstacle à la communication avec lui.

Ce commerçant qui emploie un peu de stratégie risque moyen, continue d'allouer une énorme partie de son portefeuille, dans cette affaire 94,8 % pour la paire EUR/USD au cours des derniers six mois, avec un total de retour de 4,1 %. En examinant ce P & L commerçant, vous pouvez voir clairement la courbe de tendance à la hausse, qui montre un gain de 54.25 %. Du gourou Babczyk autres devises sont en EUR/JPY, GBP/USD et AUD/USD, qui ont lui ont fourni des gains de 3,8 %, 3,6 % et 2,6 %, respectivement. Avec un P & L de 94,3 % au cours des six derniers mois, il a exécuté plus de 300 métiers et a une attitude généralement baissière avec 80 % de tous les métiers de vente courts. Actuellement, ce gourou a seulement une poignée de positions ouvertes, mais un EUR/USD court est sur le point de rentabilité. Nous croyons que, étant donné le risque de bas profil de ce commerçant, qui est idéal pour les tendances à long terme et la stabilité de ses prélèvements qui signale une cohérence de sa stratégie commerciale, que les bénéfices potentiels pour atteindre les gains de 100 % magique est élevé.

Nous avons également pris un coup de œil à un commerçant d'OpenBook relativement nouvel, Teslaru20 de Roumanie qui a déjà 77 partisans et 12 copieurs à son crédit. Le mois dernier a été un bon, avec un bénéfice enregistré de 186 % et un rendement trimestriel de 25,6 %, produit de l'EUR/USD et l'EUR/JPY. Au cours des trois mois, presque deux-tiers du portefeuille de ce négociant a été alloué à ces paires de devises et l'USD/JPY. Le commerçant avait été relativement infructueux dans le commerce de l'USD/JPY, avec une perte enregistrée de 64,3 % sur une allocation de 1,1 %, mais semble bien conscient de ses limites et a depuis abandonné cette paire de son portefeuille de négociation. Plus de 17 % du portefeuille est alloué à l'EUR/JPY, qui a renvoyé à 11,25 % tandis que la paire EUR/USD domine le portefeuille avec une allocation de 45,8 % et un rendement de 5,7 %. Une affectation précédente de près d'un tiers du portefeuille pour le pétrole et l'or a depuis été abandonné, un signe peut-être que ce commerçant reconnaît que les produits ne sont pas sa forte malgré quelques bons retours en or. Un examen de son commerce l'histoire récente montre que ce commerçant a été exclusivement repartie à la hausse de l'Euro-Dollar depuis un mois, et aussi étroitement moniteurs événements comme ils transpirer comme une majorité des postes ont été manuellement fermés. Tout bien considéré, ce commerçant est à envisager pour votre liste de surveillance si vous cherchez un commerçant mid-risk prudent.

Dans la zone euro, la saga grecque continue à jouer, cliquet à l'incertitude. Demandes d'austérité semblent ont été respectées, mais pas à la satisfaction de certains membres de la troïka qui sont réticents à accepter l'accord de la Grèce à leur valeur nominale, compte tenu des commentaires formulés par un candidat h qui a dit qu'il chercherait à renégocier. L'Euro a inopinément tombé hier, atteignant un minimum de 3 semaines, au grand dam des taureaux de l'Euro. Guru Gavinwright a été pris du mauvais côté de plusieurs métiers, mais comme avec tout bon commerçant, il sait quand à couper ses pertes. La majorité de ses partisans reste néanmoins favorable, et ce commerçant se concentre désormais sur la récupération et métiers positives.

Aux États-Unis, le Rallye de Wall Street a frappé un ralentisseur lorsque la Fed a publié le procès-verbal de la réunion du FOMC de janvier. Marchés voulus savoir où la Fed s'élevait à l'égard des mesures de relance supplémentaires, compte tenu de l'amélioration générale des données récentes ; les minutes ont confirmé que les membres sont encore très disparates sur la nécessité. Richard Fisher, le président de la Fed de Dallas, dit QE n'était pas nécessaire et que la pensée de de3 est essentiellement un fantasme de Wall Street. Sur cette nouvelle « bonne », Wall Street fermé nettement inférieur et OpenBook commerçant ROLaterveer a obtenu la déroute il nécessaire de la goutte SPX500 de fermer un court avec un gain de 42,50 % et a marqué un autre court fermé avec un rendement de 21 % plus tôt.

Au Royaume-Uni, la Banque d'Angleterre a révisé son inflation devrait encore une fois, disant que les perspectives continuent de présenter des défis de la reprise du Royaume-Uni. Pour les investisseurs, qui a fermé tout espoir de relance plus. La Banque a récemment promis 50 milliards de livres sterling de plus dans la détente et il voudra probablement d'abord voir l'effet inflationniste. Cette nouvelle a renouvelé en faveur de la livre Sterling, qui avait été sous une certaine pression récemment sur les craintes d'une rechute imminente. Guru PPvijayakumar ont conservé la position longue sur l'EUR/GBP et fermé après l'annonce de retour 48.70 %.

Mardi, la Banque du Japon enfin put versée à la spéculation d'une intervention et fait juste que frapper que le Yen japonais est largement inférieur. Le point de non-retour pourrait être la contraction inattendue de 2,3 % au 4ème trimestre. Selon la déclaration, la Banque a l'intention de « poursuivre la détente monétaire puissant » en définissant les divers objectifs à court et à long terme de l'inflation, tenant des taux d'intérêt proches de zéro, et augmentant son atout achète par 10 billions d'yens. Guru Piethein a réussi à s'accrocher et finalement fermer deux rentables positions longues dans la suite de l'USD/JPY retour de l'intervention, avec une moyenne de 18 %.

OpenBook Traders Anticipated Bank of Japan’s Easing Action

Earlier today, the Bank of Japan unexpectedly intervened in the rise of the Japanese Yen, essentially pulling out all of its big guns, which sent the Japanese Yen, against all of its major crosses, lower. Though an intervention had generally been speculated about and anticipated over the past several weeks some OpenBook traders were caught by surprise. But not OpenBook trader mcmkiama08, who held two open longs in the USD/JPY and EUR/JPY pairs which returned nearly 40% and 39%, respectively. Trader siffan also benefited from the central bank’s move, closing out nine longs in the USD/JPY with an average return of 27%; a newcomer to OpenBook, this trader is on the way to posting a 65% return for the week and 44.3% for the month.
Among the OpenBook gurus, robepu closed out a long in the EUR/JPY pair, which gave him a gain of more than 27% and is sitting on another long which is currently at break-even. Guru Piethein is sitting on USD/JPY open long position which is already returning almost 27%. As of this writing, sentiment on the USD/JPY is primarily bearish, with traders anticipating that the Yen’s weakening will have run its course.
Recently, the Japanese government reported that the economy contracted 2.3% in the 4th quarter of 2011 on an annualized basis, below expectations. Earlier today, the Japanese Ministry of Economy, Trade and Industry reported that January’s industrial production fell to 3.8% on a month over month basis, below the 4.0% forecast. The Bank of Japan said that they would “pursue powerful monetary easing” and will do it through holding interest rates at the current near zero levels and setting an inflation goal of maximum 2% for the medium to long term and an immediate goal of 1%. Further, they will increase by 10 trillion Yen its program of asset purchases with the new aggregate amount 65 trillion Japanese Yen.

OpenBook Traders Divided on Greece’s Austerity Resolve

In the Eurozone, despite the Greek government’s acquiescence yesterday to economic reforms and more spending cuts, interested parties and investors alike appear to have doubts as to whether or not Greece can live up to its end of the “bargain.” Especially given that it is possible that Greeks may have to jump through still[ more hoops as the approval process gets under way, with parliamentary approval needed in some Eurozone states and a question as to whether or not the Finnish and German parliaments will grant that approval without still more Greek concessions.
Sentiment on OpenBook for the EUR/USD pair, which was recently trading at 1.3244, is bullish by about a 3-to-2 ratio. Among the gurus who expect to see a downtrend is Guru Hschinner who recently opened up a short in the pair just after closing another with a 4.50% gain. Solidly in the bulls camp is OpenBook guru Gavinwright who has been opening long positions, and said that he is expecting to see another rally back to 1.33 some time today.
Trader joco007 is also currently bullish on the pair, opening several long positions over the past few days. Though this trader has no copiers yet, this trader devoted his entire portfolio to the EUR/USD pair with a 7.2% gain, and is on his way to recording a 28% return for the week. In the past day, 18 positions have been closed out with an average return of more than 17% suggesting that this trader might be one to keep an eye on.
What will happen next for Greece is for them to prove their mettle. The chairman of the Eurogroup, Jean-Claude Juncker, said that the Greek government has been given three conditions which must first be met, including Parliamentary ratification of the recently proposed austerity package, an additional €325 million in spending cuts, and firm political assurances from all of the various coalition parties that they will implement the program.
Copyright 2012 eToro Blog
Tags: featured

OpenBook Traders Divided on Greece’s Austerity Resolve

 

In the Eurozone, despite the Greek government’s acquiescence yesterday to economic reforms and more spending cuts, interested parties and investors alike appear to have doubts as to whether or not Greece can live up to its end of the “bargain.” Especially given that it is possible that Greeks may have to jump through still[ more hoops as the approval process gets under way, with parliamentary approval needed in some Eurozone states and a question as to whether or not the Finnish and German parliaments will grant that approval without still more Greek concessions.

Sentiment on OpenBook for the EUR/USD pair, which was recently trading at 1.3244, is bullish by about a 3-to-2 ratio. Among the gurus who expect to see a downtrend is Guru Hschinner who recently opened up a short in the pair just after closing another with a 4.50% gain. Solidly in the bulls camp is OpenBook guru Gavinwright who has been opening long positions, and said that he is expecting to see another rally back to 1.33 some time today.

Trader joco007 is also currently bullish on the pair, opening several long positions over the past few days. Though this trader has no copiers yet, this trader devoted his entire portfolio to the EUR/USD pair with a 7.2% gain, and is on his way to recording a 28% return for the week. In the past day, 18 positions have been closed out with an average return of more than 17% suggesting that this trader might be one to keep an eye on.

What will happen next for Greece is for them to prove their mettle. The chairman of the Eurogroup, Jean-Claude Juncker, said that the Greek government has been given three conditions which must first be met, including Parliamentary ratification of the recently proposed austerity package, an additional €325 million in spending cuts, and firm political assurances from all of the various coalition parties that they will implement the program.

Weekly Review OpenBook Roundup

This week we decided to take a look at a trader who returned to OpenBook after a long hiatus. Brazilian trader negociosrc began trading again early this year and has posted a 43% profit for the week, and a one month profit of more than 2100%. With 604 followers and 202 copiers already, it is clear that he is destined to become an OpenBook favorite. Over the last month, this trader has traded exclusively in the Euro-Dollar, with 43 trades, nearly evenly split between longs and shorts, returning a profit of almost 27%. Since the trading week began, this trader has closed out 10 positions, eight of them shorts, with profits booked from a low of 1.33% all the way to 78.23%. In reviewing his trading history, this trader hasn’t had a trade go south in nearly three weeks, and it’s clear that he watches his trades carefully. Nearly all of his trades have been manually closed and given the uncertainty of the trading week with the Greek saga continuing to bewilder markets, a watchful eye would seem prudent. As of this writing, the trader has two open trades, one short and a long which is already showing an 92% return but is well off its target of 1.5056; as this trader manually closed out two trades earlier it is a near certainty that the trader is carefully watching this profitable open.

OpenBook trader peischen from France has shown steady improvement in his trading prowess; weekly profits are posted at 4%, monthly at 50%, quarterly at 61% and for the last six months, 65%. Over the past six months, this trader has allocated 53% of his portfolio to a diverse assortment of currency pairs, including USD/CHF, GBP/USD, AUD/USD, EUR/JPY, EUR/USD, USD/JPY, EUR/AUD and NZD/USD. Ironically, over the six month period, his smallest allocation, 0.1% in the USD/CHF pair, had provided the highest return of 9.7%. Conversely, the 49.5% allocation to the EUR/USD pair had provided this trader with a return of only 3.1%. Likewise, the 46.9% allocation in gold has resulted in a loss of 0.4%. In the past month, however, it would appear he has refined his gold trading strategy, as a reduced allocation to 27% has returned almost 2.3%. With 239 followers and 45 copiers, a conservative trader with a low-risk strategy such as his is also well worth a follow.

In economic news, in the Eurozone, the uncertainty took an odd turn on Monday when the Greek government was expected to meet a deadline but ignored it and then was given a new deadline of Wednesday, also ignored. The issue at hand was whether or not the Greek government, and all of the various coalition parties, agreed with the terms and conditions to the second €130 billion bailout loan. Pension reform was the sticking point but late today the Greek government announced an agreement among the parties. With a major debt payment coming due on March 20th, the Greeks were truly in no position to delay their intention much longer. In spite of the uncertainty, the Euro continued to rally with investors, who were at least certain that the Greeks would eventually concede that they are without time and options. Ahead of the ECB announcement, trader wkatsioulis, who follows quite a few gurus, had very nice returns on several of his own trades, posting a 177% and a 169% return.
In the U.S., last Friday’s unexpectedly good data from the Bureau of Labor Statistics showed that the improvement in the U.S. labor situation is not a fluke but an actual trend. The report showed 243,000 jobs created against a forecast of 150,000 and another drop in the unemployment rate to 8.3%. That improvement, however, has resulted in speculation that continued improvements may mean that the Federal Reserve’s recently reiterated commitment to ultra low and enduring interest rates may have to be reconsidered. In testimony to the U.S. Congress, on Tuesday Fed Chairman Ben Bernanke acknowledged that the U.S. economy could slow further, perhaps to 1.1% in 2014, should Bush-era tax cuts be permitted to expire. The bull rally in the U.S. equity markets has helped to give Spanish trader drangie several more opportunities to scalp the SPX500, and though primarily an indices trader a foray into the EUR/USD pair is giving this trader a positive return on the still-open short position.
The Japanese Finance Minister acknowledged that the government has surreptitiously been entering into the currency markets since the well-publicized intervention last year, in an effort to devalue the too-strong Yen. Japanese exporters have complained loudly that the safe-haven currency has made it difficult, if not nearly impossible, to compete in global markets. To that end, Japan reported a 43.9% decrease in the current account surplus, attributed to the decline in exports and an increase in energy imports needed to continue the restoration efforts following last year’s earthquake and tsunami. Trader sigavros continues to favor the JPY crosses and has been scalping gains for both the USD/JPY and the EUR/JPY regularly over the course of the week.
On Monday, the Reserve Bank of Australia surprised markets and analysts by not cutting interest rates any further. The governor of the RBA said that growth and inflation were both largely on target, thus another interest rate cut was unnecessary at this time. It was clear, though, that the RBA intends to keep a close watch on the Eurozone which could impact Australia both directly and indirectly. The Australian Dollar continues to rally against major rivals, rising earlier in the week to a 6-month peak against the U.S. Dollar following the RBA decision. Trader molla01 closed an incredible string of 16 long positions in the AUD/USD over the past day with the lowest return at 81.15%.

OpenBook Traders Remain Bullish on Wall Street Despite Greek Concerns

February 6th, 9:22 pm
 Wall Street was faced with a struggle today Greece cast a shadow of gloom over the U.S. session. Markets retreated today with the Dow down 41 points, the Nasdaq down 8 points and the S&P 500 down 3 points at the time of writing this report. Traders on OpenBook are primarily long on SPX500 with average limits at 1,350 and stops at 1,320.
Despite the bearish sentiment on Wall Street, OpenBook traders are primarily bullish on SPX500. OpenBook trader drangie was busy this morning scalping short profits on the SPX500 in the European session. The trader switched to becoming a SPX500 bull last week and closed several profitable long positions on the SPX500 with gains between 2% and 5%. The traders started buying SPX500 near 1,336 and closed near 1,342. The trader has 2 copiers and 35 followers so far on OpenBook.
With the U.S. economic calendar light on events, markets are taking their cue from developments in Europe. Talks between Greek Prime Minister Lucas Papdemos and leaders of the three opposition parties were delayed until Tuesday. Greece has to come to an agreement on new austerity measures before it gets the second bailout package. French President Sarkozy and German Chancellor Merkel said that time is running out for Greece to reach an agreement with the troika. The troika refers to European Union, IMF and ECB.
Federal Reserve policy maker James Bullard said that the U.S. housing market has already hit bottom. Bullard who is a hawk is against the current Fed policy of keeping interest rates low until late 2014. Bullard believes that low interest rates hurt savers and older Americans who rely on interest payments.
OpenBook trader aaronsw was also bullish on the SPX500 and used the dip in the markets to add to his SPX500 long exposure. Looking at this trader’s open positions, the trade is targeting SPX500 to reach 1,373. The trader has closed closed several long SPX500 positions in the past few days with gains as high as 48.33%. The trader allocates significant portion of their portfolio (about 34%) to trading SPX500. Besides SPX500, the trader also trades Oil and FRA40. The trader has been watching the $100 per barrel price level on Oil. The trader has been going long as oil prices fall below $100 and going short as oil prices trade above $100 a barrel.

OpenBook traders Jockey for position trades non-profit

The Government of the United States will publish later today non-firm data for January payroll sector. The ADP report released Wednesday showed that 170,000 new jobs have been created against expectations of 185,000 and a drop of 325,000 in December. Since, analysts expect that official Labour Office data will show an increase of 150,000 new jobs for the month, down from 200 000 in December. Economists said that the US labor market is showing signs of recovery, but the fact that ADP figures meet expectations may be sufficient to cast doubt on the result of today.
Traders OpenBook will be squaring of each side of the EUR/USD pair in anticipation. We have reviewed the status open several gurus of eToro and found that a few gurus, including Moksel1972, babczyk and pyruss have positions open on both sides of the trade. Guru Moksel1972 has both sides covered with an open short and two long open. Short targets open 1.2884 and its long are in the range of 1.34; However, even a good NFP good result is unlikely to see these opens its doors to turn around. An another OpenBook guru hedges his bet is merchant pyruss, which has a multitude of vacancies in the entering with large targets. Regardless of the outcome, unless it is at the end of the positive or negative data, the dealer is likely to see some of its opens with a gain.
Guru pawelskrzypek joined the quota distributed on the rise of the Euro and has several buys open, two of which are already showing gains, and put some other purchase orders. Where the NFP data does not meet the expectations, the Dollar could weaken further in this case merchant pawelskrzypek can see his other buy orders updated and be able to show gains for all the.
The euro camp bear seat guru juergen13, which has a short position he opened end of January which is 1.2864. NMarijus guru has also four shorts open clearly could benefit from some extremely positive NFP data. But the targets for the two gurus are far enough, with the range of 1.2890 1.2725. With the currently superior to 1.3152 and more than 400 pips EUR/USD below, two traders will probably need to see a triple whammy at least to achieve their respective targets, i.e. data greatly higher than the expectations of analysts, revised December high numbers and a decrease in the unemployment rate.
Where the data is extremely negative, the news is likely to send the price of gold higher uncertainty. Merchant Gold WallStreet88 is no doubt good hope of a positive outcome, account held positions of short almost two dozen of the trader. Merchant bestpowerfull, which is almost exclusively a merchant of gold, has only a single short position open but this trader who has more than 1500% return for the month, and generally has an open position for only a few hours and expected the good opportunity.

OpenBook traders attention to Japanese Azumi

3 February, 11: 57

 The Japanese Minister of finance, Jun Azumi warned markets today on the strengthening of the Yen, as a trade USDJPY dangerously close to 76.00. Azumi, stated that the current environment of low rates of interest in the United States grows speculators to short the USDJPY. He said that the rise of the yen has a back and he is ready to take decisive action to put an end to the increase. Once more, he noted that the Yen strengtheni of the market and take appropriate action." There is no change in my position. If there is unilateral mng is not the fundamentals of the Japanese economy. Azumi, stated, "I closely watch the movementsovement, I'll take decisive action. "Despite his comments, the USDJPY was unchanged and trading as low as 76.18 at the time of the drafting of this report.
OpenBook merchant mizogutisennri, who is also of the Japan has been exchange on both sides of the Yen. For the past two days, the trader was short the USDJPY, EURJPY and AUDJPY and taking advantage of the break in close support of 76.50. This merchant has obtained 50% to 70% of earnings by shorting these pairs. However the comments of Azumi satisfied this merchant to pass its short positions for a long time on the pairs. The trader has reserved certain benefits by going on the USDJPY today near 76.36. This merchant is up 21% so far this week.
Asian markets ended mixed on the day of broadcast non-firm data mass pay important. The Japanese Nikkei ended down 37 points, the Hang Seng ended 18 points, Shanghai index ended up 19 points and the Australian ASX S & P ended on 13 points. The OpenBook merchants are mainly long on USDJPY with limits of averader Nimfo07 which is an impressive 20.2% has been trading the EURJPY and GBPJPY USDJPY. This ges to 77.50 and stops to 76.00.OpenBook tratrader used medium risk strategies this week to press on average 10% of the gains on the Yen pairs. Dealer closed several positions in the profits today after the recent comments that the Azumi Japanese Finance Minister. This merchant has opened several long positions on USDJPY near 76.13 and out near 76.20 with gains also high that 11.8%. The operator has also obtained some quick profits goes long on GBPJPY approximately 120.51 and EURJPY around 100.08 earlier today. This merchant is attention to Azumi comments and short circuit of the Yen.

OpenBook traders Gain on Wall Street Rally

 Wall Street rallied on the US report non-farm payroll who showed that K 243 jobs were created in January. The unemployment rate fell to the lowest level in 3 years to 8.3%. Data of beat analyst expectations and boosted the bulls of the US Dollar and the stock markets. The December data was also revised to 203 k of initial k 200 a reported. The economy also added jobs in nearly all sectors such as professional services, retail, health care, restaurants more far, pointing out that the recovery is not specific to a sector. Administration of President Obama cheered the new as the positive employment growth increases the chances of Obama won the presidential election.
OpenBook trader Petra09 ends the week with an impressive performance of 22% for the week. The merchant which is an increase of 50% for the month of trades mainly in indices such as DJ30 (allocation of 38.7%), GER30 (19.7% allowance) and FRA40 (7.2% allowance). The trader also allocates 20% of the portfolio of trading of raw materials. The dealer had a good race today and they were able to close several DJ30 positions near 12 800 after the announcement of the NFP. The trader has reserved profits as high as 30% on these positions DJ30. The operator has also closed a few positions of GER30 with gains between 38-40%. The merchant uses strategies of high risk so that should keep in mind. This merchant does not much trade currencies and should be considered by those who seek to diversify away from currencies.
The ISM services PMI rose in January to the highest level in 11 months. The index increased by 56.8% 53.0% in December. The new orders index pink 4.8 points. The Nasdaq broke above the level of 2 900 and the Nasdaq level 2 889, which is the highest in more than a decade. At the time of this report, the Dow Jones index has 136 points, Nasdaq has 40 points and the S & P 500 has 16 points at the time of this report. Traders on OpenBook are primarily long dows (DJ30) with the boundaries of the medium-12 900 and stops at 12 650.
OpenBook trader Carlalee was now profitable day also close a DJ30 position with 35% to win. This trader like scalping the DJ30 and gold. The trader allocates 52% of the portfolio of trading of gold and was the purchase of gold $ 1700 an ounce. The trader is not a trader in long term and scalps 5% to 10% of gain on a daily basis.

OpenBook Traders Bullish on SPX500 after ADP Jobs Report

 The private sector ADP report showed that 170,000 jobs were created in the month of January. This completes two years of job gains mostly led by small businesses and the services sector. Overall the labor market is on the path of recovery according to economists who see the creation of jobs and the drop in unemployment claims going hand in hand to ease the labor crisis. The ADP report showed that 95,000 jobs were created at small businesses, medium sized businesses added 72,000 jobs and large businesses added 3,000 jobs. This Friday, we will see release of the government Non Farm Payroll report for January.

OpenBook trader marcongzh has been busy this morning trading on the SPX500. This trader who trades frequently on the SPX500, closed several trades with gains between 16% and 25%. The trader bought SPX500 near 1,319 and closed them as the SPX500 rose towards 1,325. OpenBook trader David25420 also closed some profitable trades on the indices. This trader closed positions on the DJ30 with gains of 49% and FRA40 with 16% gains respectively.

In a separate report, the ISM manufacturing index rose to 54.1% from 53.1% in December. This was the third month of increase in the index and the fastest pace seen in the past eight months. The new orders index which indicates future orders rose to 57.6%. Executives at manufacturing facilities are optimistic that business conditions will improve in 2012. Wall Street rallied on the positive economic reports with the Dow up 138 points, the Nasdaq up 32 points and the S&P 500 up 14 points. Traders on OpenBook are primarily bullish on the S&P 500 (SPX500) today with average limits at 1,340 and stops at 1,300.

OpenBook trader Snoobl from Germany had a successful day today when he closed 20 trades on EURUSD with gains. This trader used a combination of his own trading skills and CopyTrader to achieve this winning feat today. The trader bought EURUSD near 1.3110 as he identified that as the support after the EURUSD fail to break that on previous three occasions. The trader closed his positions near 1.3195. The trade had initially set his TP to 1.3202 but moved the TP closer as he saw the EURUSD fail to gain momentum as it neared upper resistance near 1.3200. This week the trader has gained 52.9% and is up 110% in the last thirty days. This trader shows a lot of promise.

 

OpenBook Traders Bullish on SPX500 after ADP Jobs Report

The private sector ADP report showed that 170,000 jobs were created in the month of January. This completes two years of job gains mostly led by small businesses and the services sector. Overall the labor market is on the path of recovery according to economists who see the creation of jobs and the drop in unemployment claims going hand in hand to ease the labor crisis. The ADP report showed that 95,000 jobs were created at small businesses, medium sized businesses added 72,000 jobs and large businesses added 3,000 jobs. This Friday, we will see release of the government Non Farm Payroll report for January.

OpenBook trader marcongzh has been busy this morning trading on the SPX500. This trader who trades frequently on the SPX500, closed several trades with gains between 16% and 25%. The trader bought SPX500 near 1,319 and closed them as the SPX500 rose towards 1,325. OpenBook trader David25420 also closed some profitable trades on the indices. This trader closed positions on the DJ30 with gains of 49% and FRA40 with 16% gains respectively.

In a separate report, the ISM manufacturing index rose to 54.1% from 53.1% in December. This was the third month of increase in the index and the fastest pace seen in the past eight months. The new orders index which indicates future orders rose to 57.6%. Executives at manufacturing facilities are optimistic that business conditions will improve in 2012. Wall Street rallied on the positive economic reports with the Dow up 138 points, the Nasdaq up 32 points and the S&P 500 up 14 points. Traders on OpenBook are primarily bullish on the S&P 500 (SPX500) today with average limits at 1,340 and stops at 1,300.

OpenBook trader Snoobl from Germany had a successful day today when he closed 20 trades on EURUSD with gains. This trader used a combination of his own trading skills and CopyTrader to achieve this winning feat today. The trader bought EURUSD near 1.3110 as he identified that as the support after the EURUSD fail to break that on previous three occasions. The trader closed his positions near 1.3195. The trade had initially set his TP to 1.3202 but moved the TP closer as he saw the EURUSD fail to gain momentum as it neared upper resistance near 1.3200. This week the trader has gained 52.9% and is up 110% in the last thirty days. This trader shows a lot of promise.

 

OpenBook Traders Take Advantage of USDJPY Break of Support

Japan reported that industrial production rose 4.0% in December. This was much better than analyst expectations of a rise of 2.8%. This follows a 2.7% drop in November and is a positive sign for the Japanese economy. Japanese manufacturers have been struggling to get production back to pre-earthquake levels. The 2011 March earthquake devastated supply chains for the nations industries. Also, Japanese household spending rose 0.5% in December. On the downside, the unemployment rate ticked higher to 4.6% in December from 4.5% in November. This was worse than analyst expectations who had expected the unemployment rate to stay at 4.5%. Despite the weakness in the Japanese economy, the USDJPY has fallen in the past several days.

OpenBook trader tanoli67 has taken advantage of the recent break in the support of the USDJPY. While majority of traders are holding long positions on the USDJPY, this trader has been shorting the USDJPY and booking profits. The trader started shorting the USDJPY when it was trading around 78.00 and booked profits between 3.25% and 23.19% on several trades. As the USDJPY broke below 77.00, the trader has been adding more short positions on the USDJPY. This trader has 36 copiers so far on OpenBook.

Asian markets gave much of their gains back and ended slightly in the positive territory. The Nikkei is up 9 points, the Hang Seng is up 253 points, the Shanghai index is up 8 points and the Australian S&P ASX is down 9 points. OpenBook traders are primarily long the USDJPY with average limits at 77.30 and stops at 76.00.

OpenBook top trader waleed0987 with 1434 copiers has been going against the trend and shorting the AUDUSD. This trader allocates 38.7% of his portfolio to the AUDUSD and believes that the AUDUSD rally is due for a correction. In the last twenty four hours, the trader has been shorting AUDUSD and booking profits as high as 17%. Looking at his entire trading history, we see that this trader is an Aussie bear and looks to short on every pullback.

OpenBook trader sajjad772 has been profiting by shorting the AUDUSD and USDJPY in the last several days. This trader has been using a combination of his own decision making and CopyTrader to book consistent profits.

 

OpenBook Traders Gear up for RBA Rate Decision

(eToro Blog) With a relatively light economic calendar, Asian markets traded lower as skepticism focused on the EU economic summit starting today. The Nikkei was down 58 points, the Hang Seng was down 253 points and the Australian S&P ASX was down 14 points.  After the rate decisions last from BOJ, Fed and RBNZ, focus shifts on the RBA rate decision on February 7th. The majority of OpenBook traders are short on the AUDUSD with average limits at 1.0450 and stops at 1.0650. Ahead of the rate decision OpenBook traders are using various strategies on the pair to net gains.

OpenBook trader molla01 has become an expert on trading the AUDUSD with his performance in the last week. This trader with 2 copiers and 11 followers on OpenBook has returned over 200% in the last week by trading the AUDUSD. This trader has been trading on a 100 pip move in the pair by shorting near 1.0540 and closing near 1.0444. This strategy has netted the trader close to 95% returns with his medium risk strategy. The trader has also been looking for buying opportunities near 1.0450 and closing near 1.0577 with gains near 100%. This trader has also built up a sizeable long exposure on the AUDUSD and is expecting the pair to target 1.0670.

OpenBook trader sliderking who hails from Australia is another trader who has done well in trading the AUDUSD. The trader is a short term trader unlike trader molla01 and has been scalping the pair for a few pips at a time. This trader makes his own decisions while trading the AUDUSD but relies on CopyTrader for guidance on other pairs. For EURUSD, this trader is copying top trader NMarijus. In the last several days, this trader has obtained gains as high as 32% while scalping the AUDUSD. This trader does use high risk strategies to maximize their gains during scalping.

In economic news relative to Australia, the credit rating agency Fitch has warned that it could cut the AA credit rating of Australia’s four largest banks because of their reliance on offshore borrowing to fund their lending activities. This move by Fitch follows a similar action taken by Standard and Poor’s credit rating agency in November 2011. Australian banks continue to be one of the highest rated banks in the world in spite of the downgrade threat. The four banks in question are Commonwealth Bank, Westpac Bank, National Australia Bank and ANZ.

 

Euro Swings Provide Opportunities for OpenBook Traders

Putting a little pressure on the Euro yesterday was news that Portuguese bond yields touched on record highs, suggesting to investors that Portugal is quickly becoming the new Greece. However, that pressure was brief as the Euro-Dollar is currently trading higher at 1.3185. Current support is being attributed to the developing news story that Germany may now get their coveted “fiscal pact.”
On the OpenBook, sentiment is predominantly bearish with 12 shorts to every 1 long. Guru pawelskrzypek saw some of his buy orders activated, and closed two longs to 15% and 19% returns; two open longs are also already showing profits of 23.50% each. Trader pyruss also eked out some smaller gains on two closed long positions, and holds another open long which is just now turning a profit.
Trader ritcizz from Brunei is a relative newcomer to OpenBook, and earlier closed several long positions in the EUR/USD pair with gains ranging from as low as 6% to as high as 156%. On occasion, this trader was caught flat-footed by the volatility of the Euro, but is still on the way to posting an 8% gain for the week.
Another relatively new OpenBook trader who shows promise is tristan09e from France; this trader is on his way to posting a 44% gain for the week, and 59% for the month. This trader predominantly trades the Euro-Dollar, with nearly 90% of his portfolio allocated to it which has yielded a return of 9.7%.
Recently, Standard & Poor’s downgraded Portugal’s credit rating to “junk” status and clearly investors agree; yesterday’s sale of 10-year benchmark bonds resulted in a yield of more than 16%. Comparatively, analysts say that bond yields which rise significantly over 7% are generally unsustainable.
At this level, Portugal is now essentially shut out from raising funds in the capital markets which means that the government’s ability to meet future debt obligations will be difficult, if not impossible. Analysts expect that Lisbon may now need a second bailout, and believe that the E.U./IMF could require the government to restructure existing debt as a condition to a second loan.

OpenBook Traders Take Advantage of USDJPY Break of Support

 Japan reported that industrial production rose 4.0% in December. This was much better than analyst expectations of a rise of 2.8%. This follows a 2.7% drop in November and is a positive sign for the Japanese economy. Japanese manufacturers have been struggling to get production back to pre-earthquake levels. The 2011 March earthquake devastated supply chains for the nations industries. Also, Japanese household spending rose 0.5% in December. On the downside, the unemployment rate ticked higher to 4.6% in December from 4.5% in November. This was worse than analyst expectations who had expected the unemployment rate to stay at 4.5%. Despite the weakness in the Japanese economy, the USDJPY has fallen in the past several days.
OpenBook trader tanoli67 has taken advantage of the recent break in the support of the USDJPY. While majority of traders are holding long positions on the USDJPY, this trader has been shorting the USDJPY and booking profits. The trader started shorting the USDJPY when it was trading around 78.00 and booked profits between 3.25% and 23.19% on several trades. As the USDJPY broke below 77.00, the trader has been adding more short positions on the USDJPY. This trader has 36 copiers so far on OpenBook.
Asian markets gave much of their gains back and ended slightly in the positive territory. The Nikkei is up 9 points, the Hang Seng is up 253 points, the Shanghai index is up 8 points and the Australian S&P ASX is down 9 points. OpenBook traders are primarily long the USDJPY with average limits at 77.30 and stops at 76.00.
OpenBook top trader waleed0987 with 1434 copiers has been going against the trend and shorting the AUDUSD. This trader allocates 38.7% of his portfolio to the AUDUSD and believes that the AUDUSD rally is due for a correction. In the last twenty four hours, the trader has been shorting AUDUSD and booking profits as high as 17%. Looking at his entire trading history, we see that this trader is an Aussie bear and looks to short on every pullback.
OpenBook trader sajjad772 has been profiting by shorting the AUDUSD and USDJPY in the last several days. This trader has been using a combination of his own decision making and CopyTrader to book consistent profits.

OpenBook Traders Gear up for RBA Rate Decision

With a relatively light economic calendar, Asian markets traded lower as skepticism focused on the EU economic summit starting today. The Nikkei was down 58 points, the Hang Seng was down 253 points and the Australian S&P ASX was down 14 points.  After the rate decisions last from BOJ, Fed and RBNZ, focus shifts on the RBA rate decision on February 7th. The majority of OpenBook traders are short on the AUDUSD with average limits at 1.0450 and stops at 1.0650. Ahead of the rate decision OpenBook traders are using various strategies on the pair to net gains.
OpenBook trader molla01 has become an expert on trading the AUDUSD with his performance in the last week. This trader with 2 copiers and 11 followers on OpenBook has returned over 200% in the last week by trading the AUDUSD. This trader has been trading on a 100 pip move in the pair by shorting near 1.0540 and closing near 1.0444. This strategy has netted the trader close to 95% returns with his medium risk strategy. The trader has also been looking for buying opportunities near 1.0450 and closing near 1.0577 with gains near 100%. This trader has also built up a sizeable long exposure on the AUDUSD and is expecting the pair to target 1.0670.
OpenBook trader sliderking who hails from Australia is another trader who has done well in trading the AUDUSD. The trader is a short term trader unlike trader molla01 and has been scalping the pair for a few pips at a time. This trader makes his own decisions while trading the AUDUSD but relies on CopyTrader for guidance on other pairs. For EURUSD, this trader is copying top trader NMarijus. In the last several days, this trader has obtained gains as high as 32% while scalping the AUDUSD. This trader does use high risk strategies to maximize their gains during scalping.
In economic news relative to Australia, the credit rating agency Fitch has warned that it could cut the AA credit rating of Australia’s four largest banks because of their reliance on offshore borrowing to fund their lending activities. This move by Fitch follows a similar action taken by Standard and Poor’s credit rating agency in November 2011. Australian banks continue to be one of the highest rated banks in the world in spite of the downgrade threat. The four banks in question are Commonwealth Bank, Westpac Bank, National Australia Bank and ANZ.