This week will be all about 'how much is the FED going to cut rates?' Will it be 25 ..or 50 points? Many investors fear an American recession but the market had a big two day jump. Sentiment is shifting quickly from bearish to bullish and then back to bearish. Hungarian leading participants are having a magnificent performance.
1. György Doleschall on his account BUXII is not sleeping on the profits made so far. Always active, trading almost every day. Mr.Doleschall has a diploma of economics and has benn present on the market since 1989 (one of the veterans as we call the guys who started than). He was the CEO of Procent Investment joint stock company for 5 years and has a great experience on the leveraged markets, trading FX since 1998. His approach to the markets is special always different, always three steps ahead but not using technical analysis (more fundamentally oriented). With this approach he follows mid and long term trends (EURUSD 1-2 years, others 2-3 months). His money management is a key element his margin utilisation rarely reaches 50%, not placing stops upon technical analysis, but he does have stops, and admits when he is wrong.
So far he had trades in CHFHUF, Dow CFD index, EURAUD, EURCHF, EURHUF, EURJPY, EURNZD, EURPLN, EURTRY, EURUSD, Brent, NZDUSD, S&P CFD index, TRYJPY, USDJPY, USDTRY, all in all 395 transactions up until now. The biggest profit he had was on going long in EURUSD and EURHUF. The profit made on these two pairs brought him a profit equal to three times his starting balance.
2. Tamás Czajner is a patient type trader. Flat at the moment, closed his three EURJPY short positions one with a loss and two others with a profit, which was enough to close the strategy with a nice gain. Typical to his trading strategy building positions in the trend. He had trades in AUDJPY, Brent, CHFJPY, Dax CFD index, EURJPY, Nasdaq CFD index, Nikkei CFD index, NZDJPY, S&P CFD index, XAGUSD and XAUUSD, all in all 120 transactions so far. Not lucky in the Brent, his strategy seemed to work more in Dax index, he was long from the first days of the competition built up and held this position till the end of July. Tried the opposite direction as well, but could not profit from it. Still his biggest gain came from buying gold (XAUUSD). He started to build his position in the middle of September, in two weeks time he made a profit equal to 2,5 times his starting balance. EURJPY on the second, NZDJPY on the third place. Ready to close his positions in case market is moving against him, not using all his margins, typically around 50%. Can sit patiently in profit.
3. Avis Worldwide acc III is an interesting competitor. He is using a black box strategy actually invented by Buda-Cash. He is following the signals Buda-Cash clients get on a regular basis. He is not obliged to trade these signals, but looking at his activity he never missed any. He has three accounts, two active and one inactive. He chose to follow the signals on one of the accounts.
About the strategy: trading the majors + gold and oil, short trend following, one position in a direction. More small losses, less but big profits, all in all numbers talk for themselves. 655 trades so far, most in EURUSD, luckiest in Oil and AUDUSD, not too lucky in the Gold.
