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11/14/06 All FXCM Account Now Trading at New FXCM Trading Desk |
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Trading on all USD FXCM Accounts was started up again this previous Friday 11/10/06. Trading on several accounts was actually halted for almost 5 days from Monday until Friday while we moved our trading desk into FXCMs offices. The initial changes were scheduled to take place on the previous weekend but testing and quality assurance took a few more days than planned.
During this period there were no significant trades or movements in the EUR/USD or USD/CHF so account values were not affected much either way. If anything we seem to have gotten better fills on a few USD/CHF positions that we entered into Friday as opposed to earlier in the week.
The good news is, now that this new trading desk is in place inside the brokerage firm, this simplifies the trade execution process since our strategies are now tied in directly to FXCMs platform through their systems desk. Plus there will be full-time traders manning the desk 24hrs a day to make sure things run smoothly. Previously our robot software was sending trading signals to FXCM. This was working just fine. Though, this new change just eliminates unnecessary steps and potential issues that could prevent trading signals from getting to the brokerage firm. Having a trading desk inside the brokerage firm is about as good as it gets to assure prompt and quick execution of trading signals.
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11/7/06 IMPORTANT UPDATE Regarding New C25 Strategies |
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We have been very busy this last
month with programming in order to complete a project based on an
insight. As you might be aware, our Cannon150 system had a couple of losing
months during Aug06 and Sept06 which totaled close to a 27% drawdown. This was
very significant for us and it came completely unexpected. The FX
markets had formed a deadly range bound pattern for too long a time,
and our 150 strategy system had found itself caught and lacerated
within too many apparent breakout and trending plays that ended being
stopped out on whipsaws and reversals.
The next table shows actual results from live trading of C150
for a period of 10 months. Hypotheticals matched live trading very
closely with C150. It was not until Aug & Sept that a weakness was
exposed in C150. The blue highlights show
the new performance of C25 after changes and consolidation of C150 strategies was
complete. The core C150 was a very strong system but no one wanted to
see a 27% draw down even if we were still up 47% for the year.
C150 Live Results Compared to the New C25 Hypothtical Results
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2006
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Jan |
Feb |
Mar |
Apr |
May |
June |
Jul |
Aug |
Sept |
Oct |
10 month total |
| Old_C150 |
11.9% |
27.2% |
21.5% |
0.8% |
-3.7% |
8.9% |
8.58% |
-14.9% |
-13.25 |
0.% |
+47% |
| New_C25 |
13.0% |
12.8% |
13.2% |
28.0% |
13.3% |
22.1% |
2.8% |
2.6% |
3.9% |
1.3% |
+113% |
| Difference |
1.1% |
-14.4% |
-8.3% |
27.2% |
17.0% |
13.2% |
-5.8% |
17.5% |
17.2% |
1.3% |
66 |
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Read more...
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10/31/06 New Hypothtical Reports Almost Done |
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It has taken us quite a bit longer than expected to complete the work on
the new hypotheticals. The last step we have to do now is basically
combine all of the individual reports into one report that will give
the cumulative returns. Each new individual condensed time frame
strategy is looking incredibly powerful. Better than we could have
hoped for and the combined report and set should be even more mind
blowing. The new strategies were traded for part of the month of
October and did well. October results will be posted shortly and the
combined completed hypotheticals should be done and available within a
week.
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10/06/06 Brief update with more coming soon... |
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Despite another significant draw down for C150 in last month in September, we are preparing some
good news for investors we should have in the next few days.
What
I can tell you briefly now, is that using an additional special
algorithm that combines all like time frames, the net result is 18
strategies that result in simpler more powerful strategy set. For
example the 150 strategies in Cannon 150 are reduced to 18 now.
These changes result in 9 CHF strategies and 9 EUR strategies. We
expect to have these implemented and trading accounts for next week by Oct
13th.
Over the next week or so we will also be producing
additional back testing reports that should give even more details on
performance of these modifications.
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9/8/06 C450 Changes. Transitioning to C150 Systems |
C450 has had a slight come back in August up .58%. The problem is that the combined results over the last 5 monthshave been somewhat disappointing with C450 being down almost 5% at the lose of August and then more recently down a bit more more in the firstweek of September.
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Read more...
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9/8/06 C150 System News and August Commentary |
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Though C150 recently experienced a draw down of 14.9% in August, it is still up over 77% in the last 9 months.
For those who entered C150 in the last couple months,
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Read more...
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9/1/06 August Results Posted. Statements & Commentary coming soon. |
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Results for August have been posted in the performance table on the home page. We'll be posting statements, commentary and an audio report/interview within the first week of September with more details regarding August results.
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8/25/06 Dukascopy Trading Now as of Friday August 25th |
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Dukascopy Trading Now as of Friday August 25th
Dukascopy has agree to provide a staff that will be operating a trading desk just for Galleon at the Dukascopy location. This will insure that we have no problems with our Robot softare automatically syncing with the Dukascopy systems and API. Staff is in place and the first currency positions have been opend up today. (8/25/06). Only a Euro C150 trading account is available currently at Dukascopy. Though more volatile, currently the C150 has a longer track record and very good performance and is easier to monitor with fewer strategies in play.
If you are interested in having a managed account traded by GalleonFX at Dukascopy in Swizerland, please click on Open Account at the top of this page.
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8/3/06 Galleon August 2006 Newsletter |
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Galleon August 2006 Newsletter
In this Issue
1) Information on our Conference Calls
2) C450 Trading System News
3) C150 Trading System News
4) Posting of Live Statements
5) Dukascopy Update
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Read more...
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7/5/06 Another good month for C150 |
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C150 did very well for June 06, coming out ahead at 9.58% return for the month. Most of its great gains were made in the first two weeks when it took advantage of the correction of the weakened dollar. The USDCHF had been vacillating in a channel for most of May, staying between the range of 1.2050 (low) and 1.2275 (high).
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Read more...
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7/5/06 What happend to C450 in June? |
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Up until
June 29th C450 had been steadily climbing to +3% for the month of
June. The months of April and May had previously sunk the dollar to oversold conditions,
and so June saw the dollar steadily regain its strength from their lows
and form upward trends that the C450 strategies up until June 29th
were profiting from. C450 had formed many positions going short EUROS and
short GBPUSD.
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Read more...
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6/13/06 Transfer Current FXCM Funds into C150 |
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We don't recommend transferring funds out of C450 into C150. But if you
must there are a few things you need to know. Make sure you can
stomach a 20% draw down in C150. C150 uses 4-5 times the leverage of
C450 and is 4-5 times less diversified while back testing shows both to "hypothetically" have the same profit potential in the long run. We present enough information
on this website for you to make your own decision.
If you do still wish to transfer funds into C150 from any other
funded FXCM account you need to fill out a special FXCM Transfer Form
that will also have your USD converted to Euros. You can find a link to this form on the bottom of our FXCM Open Account Instruction Page. Make sure you also fax Galleon your Galleon Management Agreement too if you have not yet sent one in.
If transferring from your current C450 account we would recommend
transferring no more than 50% and also make sure to transfer out an even
amount from both your Long and Short C450 accounts.
The FXCM C150 Transfer Form just mentioned should be faxed directly to FXCM at Fax#: (212) 897-7669
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6/10/06 June Conference Call Audio Available |
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The June 2006 Conference Call audio is now available on our Listen Now page. We've cut out the intro completely and jump right into the technicals and charts. A second Q&A audio is available as well. You must register and login to download the conference call audio files.
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6/8/06 Zarqawi goes, USD Strengthens and C150 Profits (+15% First week) |
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Normally we don't post intra-month returns but since small losses last
month might have discouraged a few of you we thought that posting our
first weeks gains and rebound would give you something to look forward
to as we start our first week off on a positive note.
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Read more...
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