My Marathon Timing and Photo's

This is fantastic. I didnt know they put details and photo's for all participants

http://www.marathon-photos.com/scripts/event_entry.py?event=Sports/CPUK/2010/Mumbai%20Marathon&match=18980

Bye Bye Xforex..hello Forextrader

You already know my opinion on the trading platform of Xforex, but Friday when the market volatility was expected to be on the higher side, they just hut down the platform for supposed maintenance, I am not aware of any organization that would shut the systems on a Friday for maintenance, its always Saturday or Sunday.

Anyway, not that I was going to trade, was not well for the past few days, but I just cannot work with a company like this. So I have moved to Forextrader platform from Forex.com.

Seems like a decent platform, have started with USD 50,000 again, lets see how it goes. As of now made a realized profit of USD 3,553 and open long position of 1.5 EUR.

Account Stmt:

For a good cause

As you may be aware, I am running the Mumbai Marathon for a cause that I am supporting -- eradication of Cancer. I hope to raise a pledge from you to help my chosen NGO ‘Cancer Patients Aid Association (CPAA). ‘United Way of Mumbai’ is the Charity Partner for Standard Chartered Mumbai Marathon and all money I collect would be routed through United Way of Mumbai to CPAA.

You can pledge the funds to ‘Cancer Patients Aid Association’ a charitable organization in the following ways:

• By Cheque:Cheques should be drawn in favor of ‘United Way of Mumbai’ (DDs for outstation)
• By Cash:Please give your donation amount to me. I shall fill out the donation details in the pledge sheet and hand over the money to United Way
• By Credit Card: Please visit http://www.unitedwaymumbai.org/index.php?option=com_content&view=article&id=146&popup=1&template_id=162 and make a payment using your credit card and you will receive the receipt directly.

And while the good feeling of helping people is motivation enough, Govt. will give you more by way of a 50% tax exemption U/S 80G of Income Tax for all Donations over Rs 100/-

I hope you too will support this cause and help CPAA in their efforts.

Seem to be touching the pre announcement target,

GBP right now at USD 1.5900, I moved out early since I was expecting the market to fall by 4:30-45 but it didn't so I moved out..it is possible that we may touch my original targets before the announcement. 10 mins to go before the meeting

EUR in focus

preparing for a lively session tomorrow as we will have Eurozone 3Q GDP and Unemployment numbers coming out. not expecting major changes but I think the market will take a cue from BOE announcement today...lets see.

16500 profit on the pre BOE nervousness trade

closed just now before the BOE announcements start to tick in.....made a good USD 16,500 profit. i.e 33% of initial equity....i.e. currently am up 68% in 3 days.....i.e. up 168% in 35 days.

Markets are week and nervous ahead of the BOD meeting and the GBP is hitting weekly lows. I am short 6 GBP. Will close at about 5884-90 or before the BOE meet.

I saw GBP weak yesterday because of the upcoming BOE rate decision, while it is widely expected to be a non-event nonetheless one will expect some market nervousness. hence I went short 5 GBP at 5968 (I agree that was too early but I thought lets scalp) and then again 1 GBP at 5984. but the market suddenly moved against me and went all the way up to 6050 and as you would be aware, leverage eats up equity at a pace so fast at this size of a position that I decided against sticking to my target of 5940, and put my take profit at 5960. which ofcourse was hit and I am now at 67400 i.e. around 35% up in 2 days :)
(if you consider my moneyed adventures, I am 135% up in just 35 days)

Account stmt

Started Paper trading already

As you might know...I have switched to paper trading as of now, I decided to move to a different player with a demo account that will allow me to paper trade effectively without eating up loads of bandwith which used to happen with my trading platform.

So I picked Xforex. its a lousy trading platform and does not allow scalping, which take away lot of the fun part, but is ok for my use and hence I am sticking with it...I had gone Short 5 EUR at 4432 and closed at 4410 and made a handsome 11,000 USD

PS: this system allows me 200 times leverage on a 50,000 notional deposit. so I can become a real player :)

Balance up to 61,000 - i.e. up 22% on day one..man I am on fire :) ofcourse this is demo account leverage effect .

Closed at 4315 and Quit

Sorry for the absence for the past few days, but it was due to other reasons not to be disclosed. I had closed the position at 4315 and made a decent profit on the last trade instead of making a humongous profit on that one....Oh I wish I had closed at 4220. nonetheless I needed the money so I have quit. made just a little above 100% in one month...not bad, I dont think I am fooling myself into believing I could have continued at this rate, but I am happy :)

Now I am paper trading on this other website just for fun....started out today and currently long EUR at 4407. This one is a 3 pips spread model, and given I am pape r trading..I will actually be trading in million lots :)