FX Leader Signals P/L by Month

Forex Signals

Last year, we saw several reversals in market sentiment, with the USD moving in the opposite direction of risk assets such as commodity dollars. However, the large moves were predictable, with central bank officials making their intentions clear, making it easier to trade in the forex market, primarily against risk sentiment. This is one of the reasons we have focused mostly on big pairings such as EUR/USD, GBP/USD, and USD/JPY, while also trading forex crosses such as EUR/JPY, EUR/CHF, EUR/GBP, and GBP/AUD, accumulating a total of 1,330 pips from Forex signals thus far. The most lucrative forex pair for us was AUD/USD by far, with 771 pips, as the price remained negative for the most of the year and we stayed short until recent weeks, followed by USD/CAD with 282 pips and EUR/USD with 211. The NZD/USD pair has cost us the most, at -326 pips.

Commodity Signals P/L

This year’s commodities market has been the most unpredictable, with numerous reversals caused by market emotion and geopolitics. Gold, silver, and crude oil have largely traded in a range in 2023, but this is where we’ve earned the most money this year, especially in gold (XAU/USD) and US crude oil (WTI). Gold has provided us with the most profit, totaling 3,697 pips; but, we have also received the most trading signals, 329 in total. Because of the significant volatility, we have primarily relied on long-term gold signals, which has shown to be an excellent trading technique. Crude oil has been our second most profitable trading commodity, and we have focused mostly on long-term oil signals. We opened 43 Oil indications in total, resulting in 1,524 pips by the end of October.

Index Signals

In 2023, the price activity in the major stock indices has mostly followed that of the FX market, as stock markets are extremely susceptible to risk sentiment. They remained optimistic in Q1 and Q3, but fell slightly as the Fed expanded its policy tightening process. However, bullish momentum resumed in Q4, and major stock indices such as the German Dax30 and the US S$P500 reached new highs, breaking the previous all-time highs set in late 2021 after massive amounts of money were poured into financial markets, sending stock markets soaring higher. The price movement this year hasn’t been the same, but buyers are in control, and as central banks begin to loosen policy, more capital will pour into stock markets. We only opened one signal in indices this year, with minimal returns, because we’ve been focusing on Forex, commodities, and cryptocurrencies.

Long-Term/Short-Term Breakdown

Win/Loss Breakdown