George II - Results (2006)

March 2006

ES: -22.75 pts with 13 trades of which 5 were winners.
YTD: -1.0 pts with 30/13 trades.

ER2: 5.8 pts with 11 trades of which 5 were winners
YTD: 19.1 pts with 27/13 trades.

Sometimes you are a pigeon and sometimes you are a statue ... Clearly, we were the latter this time when it comes to ES, but did fairly well in ER2 owing in part to a large win of 10 pts on one of the trades. The ES market was very congested in the second half of the month which resulted in a string of losses. However, losing months of this sort are not unusual for this system and for this market and did happen in the past. Out of the last 5 quarters, this one is only the second worst for the ES market.

April 2006

ES: -17 pts with 9 trades of which 2 were winners.
YTD: -18.0 pts with 39/15 trades.

ER2: -26.6 pts with 12 trades of which 1 were winners
YTD: -7.5 pts with 39/14 trades.

It was a very unfortunate month for ES as the system was twice stopped at the high of the day. It is well known to every trader that Mr. Market (aka the Old Bastard) does not play fair. I am afraid though that without a traders union or at least a good lawsuit nothing will change. Stopping the system at the high or low of the day should be forbidden by law! If it were not for these misfortunes, the system would have made almost 9 pts more... Moreover, on one occasion the market crossed the entry point before the daily session open and never came back to it, closing nearly 20 pts higher! The same day, this also happened to ER2 that had a nice run of over 20 pts from the entry. Well, bad luck again. I mention these details so that you see that the system does have a tremendous potential that you could exploit in discretionary ways. If you are a somewhat competent trader this should not be a problem.

May 2006

ES: -10.25 pts with 12 trades of which 3 were winners.
YTD: -28.25 pts with 51/18 trades.

ER2: 8.2 pts with 9 trades of which 4 were winners
YTD: 0.7 pts with 48/18 trades.

Another tough month for ES, good for ER2. On a positive note, the system ended the month with a 16.5 pt whopper for ES and a 16.2 pt winner for ER2. Chances are, that put the bottom in the latest dip in the system equity curve for ES whose size exceeded the previous maximum drawdown slightly over 2 times. More about the latest developments in special notices for George II.

June 2006

ES: -5.25 pts with 9 trades of which 3 were winners.
YTD: -33.5 pts with 60/21 trades.

ER2: 20.6 pts with 5 trades of which 4 were winners
YTD: 21.3 pts with 53/22 trades.

What started as a good month for ES ended up not so good, but at least the loss was pretty limited and the system did not dig a deeper dip in its equity curve, so perhaps we will not see any bigger drawdowns as it's the highest time for this system to record a profitable month for a change. It was a very good month for ER2 confirming my expectations that this market would outperform ES. But the year is not over yet, so let's wait and see... It's not out of the question that the end of December will see us celebrate profits for the year in both markets, although at this point this seems like a tall order for ES.

July 2006

ES: 17 pts with 10 trades of which 5 were winners.
YTD: -16.5 pts with 70/26 trades.

ER2: 21.2 pts with 10 trades of which 5 were winners
YTD: 42.5 pts with 63/27 trades.

Finally a good month for both ES and ER2. I do believe in this system (even if the new version for ES should be better) and that's why I continue posting you on its progress. Only time will tell if my faith was well placed and so let's wait till the end of the year ...

August 2006

ES: -40.25 pts with 14 trades of which 1 were winners.
YTD: -56.75 pts with 84/27 trades.

ER2: -15.2 pts with 10 trades of which 2 were winners
YTD: 27.3 pts with 73/29 trades.

Well, we did not have to wait till the end of the year to see if my faith was indeed well placed. No, it was not and since the system exceeded its previous maximum drawdown 2.5 times, I decided to relegate it to the history dustbin. Consequently, I will not longer keep you posted on its performance, but will focus on the enhanced version which has done much better this month and so far this year. Obviously, these comments do not apply to the ER2 market, where the loss for the month was moderate and so has been the drawdown in this market so far.

September 2006

ER2: -0.6 pts with 14 trades of which 4 were winners
YTD: 26.7 pts with 87/33 trades.

The month started very well, but the second half of it was much worse, so the net outcome is slightly negative. It should be noted that one trade that touched the entry but did not penetrate it was excluded from the results. Had it been included, it would have contributed 6.1 pts.

October 2006

ER2: 19.2 pts with 13 trades of which 6 were winners
YTD: 45.9 pts with 100/39 trades.

The system posted a new high in its equity curve and then it posted a bunch of lousy trades that took us from over 30 pts mid-October to less than 20 pts when the month was over. Overall, a pretty good month.

November 2006

ER2: -15.1 pts with 9 trades of which 2 were winners
YTD: 30.8 pts with 109/41 trades.

Not a good month, obviously ...

December 2006

ER2: 12.0 pts with 10 trades of which 5 were winners
YTD: 42.8 pts with 119/46 trades.