As the Euro hit new highs earlier this week, our trading accounts hit new highs as well.  But those new highs and excitement seem to be quickly dampend as the week progressed and worsened even today.  I'm not sure exactly what the full story is yet but I know client accounts have all experienced a moderate draw down as of now with the Euro pulling back quickly and jumping around so much.

Our traders and system  developers here are working hard and fast to decipher what has and is happening currently.  It also seems some USD/CHF hedge positions did not kick in and FXCM is looking into correcting this as well.

After being up as much as 8% for the month, needless to say it is  a little disappointing that we will likely be posting a loss for this month since we only have 2 trading days left in the month in which to use for a come back.

No worries, we are still up for the year and we honestly believe we still have one of the best if not THE best automated trading system out there.    

We'll be posting more news and information as soon as we have it.  So keep watching here throughout the weekend.