Friday, April 22, 2011

It has been a long time since I last posted a blog. The markets have been rallying and it seems that there is no end to it. Prices remain very resilient in the midst of potentially destabilizing elements such as earthquakes, wars, social upheavals and government bankruptcies. The thought of it can easily make the layman worried, even I get carried away with the imagination of a US government bankruptcy. The market however, is putting away the bad news and continues its uptrend. This is very encouraging from a technical standpoint and it seems that 2011 looks to be a good year for risky assets. Q1 2011 was very strong, and Q2 has had a strong start so far.

My currency trading project has been fairly successful. I am in the midst of discovering new methods to trading, possibly attempting to automate it in the long run. Automated trading looks like an impossible feat to the common observer, but there are a number of hedge funds who have successfully built businesses around this. Which means that it is feasible. Names like Winton futures and Renaissance Technologies have done it. And I am looking to replicate a similar model. Until next time, I hope my next blog will tell how I have managed to create a excellent trading robot.