Turtle Model

Turtle Model: Coffee close to breaking out again

Peter GarnryPeter Garnry , Head of Equity Strategy, Saxo Bank
Filed in Turtle Model
Denmark, 11 December 2012 at 08:26 GMT+0
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The last 24 hours have been good for Turtle Model performance with long USDJPY holding the line and short Heating Oil and Sugar moving down. Especially Sugar continues to be weak and as of this morning a last fourth unit short stop order has been placed for 35,000 pounds @18.66 which is very close to the current market price @18.70. 

Coffee is close to breaking out yet again. Remember Coffee has been the villain of recent trading losses because of intense mean reversion instead of trending. Two short stop orders have been placed for 2,000 pounds each @146.35 and @143.95. Two short stop orders have been placed on Heating Oil worth 2,500 Gallons each @289.36 and @286.81. See attached PDF for trading details.

The model is currently 4 units long USDJPY, 3 units short Sugar and 2 units short Heating Oil. See all open positions and account value below.

Turtle open positions

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This post appears under the following topics...

  1. Forex
  2. Sugar
  3. Commodities
  4. coffee
  5. USDJPY
  6. heating oil
  7. Turtle Traders' Trend Following System
  8. Trading Models
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2012_12_11_Turtle Trading Model (Original)

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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.

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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:
Sponsored by Saxo BankCookiesPrivacyRSSContact us
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