It's no secret among FX money managers that it was another tough month for technical trading but all of our systems continued to hang in there.  Though both C150 and C450 sustained losses they were both very minimal.  Much less than you would see in the average company stock price fluctuation even.

The net results for the month have C150 down 3.7% while C450 was down only 2%

If you look at the statements, you will see both C150 and C450 were actually up a few percentage points in the first week and then got hit hard about the 3rd week.  Clients unfortunate to fund in the 2nd or 3rd week of the month may have experience a bit more than a 2% initial draw down, but clients in from the beginning of the month only saw about a 2% draw down for the month.

We have gotten a few emails from clients concerned about these SMALL fluctuations and draw downs after they've seen previous month returns in the double digits and wondering if there is a problem.  There is absolutely NO problem.  The systems are working great and doing exactly as they are supposed to in these market conditions; Which is to minimize losses and preserve your principle.   We tell people all the time if you can't take a 10-15% draw down much less a 2-3% draw down  then you should not be involved with Forex at all.  Actually, depending on how you slice up the month, if you calculated monthly returns based on the 10th as a start date, we can show you positive monthly returns for each 30 day period.  It's unfortunate this last month of May that we had to end on a down tick.

Seeing such slow months as we have witnessed in the past 2 months gives us the perfect opportunity to tweak and find tune our strategies.   

We went back and looked at some of our daily bar strategies (Not currently included in C150 or C450) and when combined with our newer adaptive exists the performance was outstanding.  One of the great things about the daily time frame bar is that historical data is available back to 1981.  This means we will soon be able to provide you with back tested hypothetical results for more than 25 years on these new daily strategies.  Preliminary tests and back testing show these daily strategies to be extremely powerful and profitable and now we have the additional confidence of 25+ years of back testing for more assurance.  We'll be providing more information on these new "dailies" on our next call as well as additional news items here as available.

Meanwhile,  we are very confidence in the Cannon Strategies to weather the tough technical trading months and soon look forward to having more double digit months.  

Be sure to listen in on our next conference call which is the first Wednesday of each month where we can get more details explanations and even more details on what we have planned.