Here is an update on the on-going trading using the QG3 and Speculative (Spec.) Signals. I have delineated the spreadsheet accounting between QG3 trades and Speculative trades. Some subscribers choose just to use the QG3 signals and not the Speculative.
I am also no longer tracking GLD or SLV as separate trades from the current spot market trades to avoid confusion, since GLD and SLV (due to being ETFs) lag the spot market signals up to 24hrs. The spot market signals are still advantageous for trading ETFs using the QG3, but are not going to be as agile as futures or a spot market spread account. I would recommend to GLD and SLV players to look into trading futures. Micro-futures trade gold with only 10oz of leverage and trade round-the-clock Sunday till Friday, a good vehicle to cut your teeth on if you are new to futures (always use the nearest term contract with the most open interest, and always roll-over inside the last week before expiry). Contract specs: http://www.cmegroup.com/trading/metals/precious/e-micro-gold_contract_specifications.html
Performance tracking spreadsheets can be seen in the links below. The word 'current' in the spreadsheet indicates the current closing price for an open tranche since the report was posted.
I want to thank my subscribers for their feedback over the past several weeks. Much of which has helped me refine my email updates in both form and function.
Gold(spot) - We just closed out 2 shorts from 1667.00 back in early February, bringing the QG3 total to 240.68pts in profit so far. The Spec side has been more dicey, currently up only $24.76. If an account used low leverage 33.2oz futures contracts per tranche, you'd have an approx profit locked in of approx $8812.60 (240.68 + 24.76 x 33.2 = $8812.60, minus broker fees and a miniscule amount of decay). We are now flat in the QG3 and waiting for the next signal to be generated. The speculative side has 1 trade currently open long with 1 tranche from 1564.30.
QG3 - Performance Tracking
Spec - Performance Tracking
Silver(spot) - Silver moving along nicely too, but unlike Gold, Silver still has a short position. QG3 and Speculative trades have produced a current combined account balance of $10.09. If one had used 1000oz in leverage, your account would be up about $10,090. NYSE Liffe mini-silver(and mini-gold) market has some workable open interest, worth considering if you want to dip your toes into the small leverage futures market.
QG3 - Performance Tracking
Spec - Performance Tracking
Platinum(spot) - Platinum gave us some nice gains both up and down, for a combined QG3 and Speculative account balance of $359.95, using 50oz contacts approx. = $17,997.50. Not too shabby.
QG3 - Performance Tracking
Spec - Performance Tracking
GDX - This market is relatively new to my scope. I've done some back-testing of my QG3 method with rule-set and see some promising results. The price has been range bound the last few sessions, so no substantial movement in our positioning yet. I understand that the 3x ETFs such as DUST and NUGT are very popular and I provide information to my subscribers who may desire the extra leverage. Currently the QG3 and Spec signals are at odds with each other. Though holding opposite positions may seem counter-productive, understand that the QG3 uses a different methodology and is geared toward MT swing moves, while the Speculative trades use Candlesticks and Elliot Wave signals geared toward the ST. It's possible to gain on a ST move inside a maintained MT counter position. We'll see how this plays out.
QG3 - Performance Tracking
Spec - Performance
S&P500(futures) - We tried mounting a short position a few weeks ago, but it bucked us off for a loss. I opted not to chase the market higher and relegated the SPX to my periphery for now. Combined account balance is: 58.90. Using E-mini contracts, we would be in the hole $2,945 (58.90 x 50).
QG3 - Performance Tracking
Spec - Performance Tracking
EUR/USD - EUR/USD generating some nice gains for the QG3 using my proprietary rule-set. The Speculative side has been a bit more difficult to get into a good position and hold it. Combined account balance equals 1125 pips. Using full contracts at $12.50 a pip = approx gain of $14,062.50
QG3 - Performance Tracking
Spec - Performance tracking
AUD/USD - I've just added new long positions in this market which have given us some instant gratification. So far the combined account balance is up 421 pips, using full contracts at $10 a pip, the account is in the green $4,210.
QG3 - Performance Tracking
Spec - Performance Tracking
YCS(3x YEN bear ETF) - We've locked in profit since last November when USD/JPY was in the 79-80 range. Total combined account balance is $41.92. Leveraged at 200 shares per tranche provided a profit of $8,284. I provide my subscribers with details in USD/JPY terms as well. I think a larger intermediate correction could be coming soon, but will be yet another buying opportunity for YCS and USD/JPY.
QG3 - Performance Tracking
Spec - Performance Tracking
Corn - This is also a relatively new position that started out on the periphery with a couple speculative bids. So far the infant position is up 53.26pts at $50 = $2663.00. Even though the QG3 has turned bullish I have not added more leverage in this market for now since the speculative tranches have performed as expected.
Spec - Performance Tracking
As you can see, my calls are not perfect, being stopped out is par for the course. But using money management and an appropriate trailing stop regimen to mitigate risk, one is able to minimize losses and let the winners run.
If you appreciate this level of performance using the QG3 or Speculative methods you can sign up for daily email updates that provide entry, exit and stop-loss information for multiple markets. Link: http://majormarketmovements.blogspot.com/p/mmm-market-signal.html
Good Hunting,
Quad G
