Monday, October 22, 2007

'Nirvana Forex' in Trouble

'Nirvana Forex' of Zulutrade is currently in trouble by having too many open short yen positions during today's massive carry madness unwinding.

After 1 week of live testing, I managed to guess-estimate its entry strategy, but could not really figure out its exit. Maybe there isn't one. I really don't know.

An exit plan will certainly come in handy during unforeseen circumstances and if you have a limited capital. Preservation of capital is always the key to trading success.

At least, we got something out of it, click here, here and here for some nice looking charts.

Related posts:
How Nirvana Make Pips on Zulutrade (3)
Analysing System on Zulutrade (2)
Live Testing on Zulutrade (1)

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