Gold's reaction on open interest surge.

Gold prices posted the biggest weekly gain in 18 months as turmoil in European currency markets spurred demand for the metal as a haven.

Aggregate open interest in gold futures on Jan. 15 surged 5.6 percent, the most since October 2009, following the Swiss central bank’s surprise move to abandon the franc’s cap against the euro. Assets in the biggest exchange-traded product backed by the metal rose the most since August 2011.

Gold climbed to a four-month high on Friday, while call options for the right to own February futures at $1,300 an ounce soared sevenfold in two days. Signs of cooling expansion in Europe boosted speculation that policy makers will add to stimulus, increasing demand for a store of value. Muted inflation and stagnant foreign economies may prompt the Federal Reserve to delay an increases in interest rates.

Citigroup's losses on FX turmoil.

Citigroup Inc. (C), the world’s biggest currencies dealer, lost more than $150 million after the Swiss central bank’s surprise decision to let the franc trade freely against the euro, according to a person briefed on the matter.

The losses occurred on the New York-based bank’s trading desks and aren’t tied to its relationships with FXCM Inc. and other retail trading platforms, said the person, who asked for anonymity because the information hasn’t been disclosed publicly. Citigroup’s head of European investor sales, foreign exchange and local markets, Alex Jackson, left the firm this week, another person said earlier today.

Deutsche Bank AG and Barclays Plc (BARC) also incurred losses after the Swiss National Bank scrapped its three-year-old policy of capping its currency against the euro. The franc soared as much as 41 percent versus the euro, while climbing more than 15 percent against all of the more than 150 currencies tracked by Bloomberg. Deutsche Bank lost $150 million and Barclays less than $100 million, people familiar with the matter said.

For Citigroup, a loss of $150 million equates to about 7.5 percent of the $1.99 billion the bank generated from fixed-income markets in the fourth quarter. Financial results at firms across Wall Street this week disappointed investors as earnings from that business fell short of analysts’ estimates.

Citigroup rose 0.8 percent today to close at $47.61 in New York. The shares have tumbled 12 percent this month, compared with the 5 percent drop for the Standard & Poor’s 500 Financials Index.

Binary Options - 12 January 2015

http://goo.gl/gJTV6c

Binary Options - 12 January 2015

A super long session today, started at 12 noon and ended at 10:30pm with a total of 35 done deals. For those that know me, I won't do this much of trades within a day unless it is done for a reason. You are correct, I was doing my theory testing. Over the weekend, I refined and did some tweaking to my algorithms and I did the testing today. It is tough but I finally got the hang of it towards end of the session without any EOD losses. =^_^= Small profit day but a worth while session. Will see if my new tweaks will do a great job for the rest of January 2015.

35 done deals,  "Up Scaling" done on losing trades. EOD profit, US$5.80

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$5.80 / [US$1025.00 / 35] x 100%

= 19.80% (Profit)

I am already out since 10:30pm but did not write it up straight-away. Decided to go for a relaxing supper with my wife. Trade safely everybody and do not neglect your family =^_^=

http://goo.gl/gJTV6c

Binary Options - 09 January 2015

http://goo.gl/gJTV6c

Binary Options - 09 January 2015

A quickie session. Woke up late at, near 7pm. Still have time before US Data Non-farm payroll release later tonight.

2 done deals,  no "Up Scaling" used due to no losing trade. EOD profit, US$15.20

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$15.20 / [US$20 / 2] x 100%

= 152.00% (Profit)

For those going in tonight, just be careful of data release from 9:15pm (SG Time) onward. US Data Non-farm Payroll at 9:30pm.

I am out for today. Trade safely everybody =^_^=

http://goo.gl/gJTV6c

Binary Options - 07 January 2015

http://goo.gl/gJTV6c

Binary Options - 07 January 2015

A very quick session, am having a splitting headache when I woke up. Only 2 done deals.

2 done deals,  "Up Scaling" during loses. EOD profit, US$9.00

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$9.00 / [US$35 / 2] x 100%

= 51.43% (Profit)

For those going in tonight, just be careful of data release from 9:15pm (SG Time) onward.

I am out for today and gonna pop some painkillers. Trade safely everybody =^_^=

http://goo.gl/gJTV6c

Binary Options - 06 January 2015

http://goo.gl/gJTV6c

Binary Options - 06 January 2015

One of the days, it is a break even day. Did a couple of mistakes in the beginning of the session. The objective for today is to cover loses. Once that is achieved, would love to continue but my stamina is running low.

11 done deals,  "Up Scaling" during loses. EOD profit, US$0.65

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$0.65 / [US$325 / 11] x 100%

= 2.2% (Profit)

I am out for today. Trade safely everybody =^_^=

http://goo.gl/gJTV6c

Binary Options - 05 January 2015

http://goo.gl/gJTV6c

Binary Options - 05 January 2015

My first session for 2015 =] A relax jack session since it is my first session for the year, I do not like any losing trade within the session. Super conservative when I look at the moving numbers. Look at USD/JPY in the afternoon and EUR/USD in late afternoon. 

3 done deals, no "Up Scaling" is used due to no losing trade. EOD profit, US$21.90

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$21.90 / [US$30 / 3] x 100%

= 219% (Profit)

I am done for today. Trade safely everybody =^_^=

http://goo.gl/gJTV6c