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Disappointing returns for June, ending the second year-quarter with a -0.24% Total Loss. For the first time since IS launched , there is a year-quarter loss. I am not really surprized. They switched from news trading to technical trading, and there is a huge difference between those two different trading methods.
They traded with partial lots in June and will trade full lots in Juli. So next month will tell us whether the IS traders can truly adapt to this new trading style or that they better stick to news trading.
If performance drops under 2% average monthly, its no longer worth the risk and its better to keep your money at the bank. True, this loss is very minimal, but the pressure is on the traders to perform well in the summer period(juli and august),
I have faith this dip is temporarily and that IS will return stronger than ever before. Now dont let us down Steven and Chris and keep the ball rolling…
Below is the mail Steven send to all IS members.
Good Day Members,
It’s been a pretty busy month in IS. We had some problems with E-gold, but they seem to have been resolved now as some of the more trusted exchangers are resuming outexchanges again, so that means that we can accept e-gold now again.
The whole month was sort of a “dry-run” for IS as we tried out new trading methodologies and a new broker to boot. Technical trading has been pretty good to us during the month, netting us small profits here and there. We did experience some drawdowns, but not too much to cause a worry. We started technical trading with a few mini-lots at a time to get used to the method while gradually increasing our trades to full-lot trades. A lot of the earlier profits were from mini-lots, so not much there, and with the end of the month approaching fast, we ended up with a mini-lot value profit.
Profit for this month: 1.19%
Forecast for next month. When this week opens, we will be gearing towards shorting GBP based pairs, as the pound is now at all time highs and from our indicators + speculation + fundamental analysis, there’s only one way that all of them are pointing to, and that’s down. This month, full-lot trading will begin, and we expect it to go as well as mini-lot trades, this time, with more value per pip than the previous month.
Side note, the GBP/JPY pair has already shown signs on weakness during the past few days before going back to it’s highs, we have full confidence that the coming month will prove to be interesting with regards to that particular pair.
Regards,
ISFIC Team
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