TRADE RESULTS (SEPTEMBER)

Market News: September proved to be a decent month with a gain of 1.41%. Three trades hit their
target, there were eight losers and two breakeven trades. With recent turmoil in bonds and
currencies, volatility increased and helped move markets. The wins we had were in gold, cotton and
natural gas. The notable losses were natural gas (-0.8R) and silver (-0.6R), all others were small, (less
than -0.3R). Stock indexes remain under pressure and we expect more downside to come in the
immediate future.

Results at a glance:

Trades: Year to Date:

Sep: Win: Lose: Total: Win: Lose:
1.41% 5 8 13.66% 50 66

➢ Equity Graph-year to date:

The equity
graph
shows a
steady
recovery
from the
losing
month in
July and is
close to
making
new highs
for the
year.
➢ Monthly Return (%):

Monthly
returns are
slowly
improving
after the
poor
summer
months…

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 TRADE RESULTS (SEPTEMBER)

➢ September trade distribution:

Conclusion:

Trading conditions were influenced by global events largely based around inflation and the strong
dollar. Currency and bond markets came under pressure, most notably the British pound.

Once again we were able to find a decent set of trades and profit from the moves made. The previously
weak summer months for trading are now behind us and hopefully we will continue to see solid
opportunities in the last quarter of the year.

Below shows a four hour chart of the British pound showing the crazy volatility after the UK’s so called
mini-budget on September 23rd:

Fall and rise of the GBP

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