Turtle Model

Turtle: Commodity and USD weakness creating potential signals

Ole HansenOle Hansen , Head of Commodity Strategy, Saxo Bank
Filed in Turtle Model
Denmark, 17 December 2012 at 10:06 GMT+0
Recommended Recommend Unrecommend Recommend

Several potential signals will be watched today, most of which will be triggered either by dollar weakness against EUR, GBP and CHF or by additional weakness in commodities, which could trigger selling signals in natural gas and gold.

Details of potential signals in today's trading: 

- Buy EURUSD at 1,317 and 1,3214

- Buy GBPUSD at 1,6217 and 1,6250

- Sell USDCHF at 0,9137

- Sell Natural Gas at 3,248 and 3,188 and 3,129

- Sell Gold at 1672,7 and 1664,6

Please see the attached update for additional information.

Documents

2012_12_17_Turtle Trading Model (Original).pdf

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About the Saxo Bank Turtle Model

The Saxo Bank Turtle Model made its first trade on September 13, 2012, with an initial investment of USD 65,000. The model invests in a total of 15 instruments, including the S&P 500, softs like coffee and sugar, metals including gold, energy and five currency pairs.

Our Turtle Model is based on a trend-following trading system developed in the 1970’s that gives signals for trade entries, stops and exits, but also rules for risk management. The idea is to catch breakouts in major liquid financial instruments and ride the momentum until the trend slows down.

More info on the Saxo Bank Turtle Model

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

Please read our full disclaimers:

Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

Please read our full disclaimers:
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