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	<title>New Millennium Inc. &#187; CarniFeX</title>
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	<link>http://new-millenniuminc.com</link>
	<description>Forex and Commodity Trading Services</description>
	<lastBuildDate>Wed, 04 Aug 2010 11:39:33 +0000</lastBuildDate>
	
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		<title>January Results Update</title>
		<link>http://new-millenniuminc.com/blog/reports/january-results-update/</link>
		<comments>http://new-millenniuminc.com/blog/reports/january-results-update/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 09:40:06 +0000</pubDate>
		<dc:creator>Adam Liddiard</dc:creator>
				<category><![CDATA[Reports]]></category>
		<category><![CDATA[CarniFeX]]></category>
		<category><![CDATA[Gold Rush]]></category>
		<category><![CDATA[Hunter]]></category>
		<category><![CDATA[Miner]]></category>
		<category><![CDATA[Razor]]></category>

		<guid isPermaLink="false">http://new-millenniuminc.com/?p=435</guid>
		<description><![CDATA[It&#8217;s been business as usual this month albeit with some very volatile market conditions thanks to the PIGS scare, and the resulting surge in USD strength. It&#8217;s now most definitely confirmed that we are currently in a primary USD uptrend, and that brings us some challenges. Nevertheless that&#8217;s what we have to contend with, and [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s been business as usual this month albeit with some very volatile market conditions thanks to the <acronym title='Sovereign debt problems for Portugal, Italy, Greece and Spain'><span class='caps'>PIGS</span></acronym> scare, and the resulting surge in <acronym title='American Dollars'><span class='caps'>USD</span></acronym> strength. It&#8217;s now most definitely confirmed that we are currently in a primary <acronym title='American Dollars'><span class='caps'>USD</span></acronym> uptrend, and that brings us some challenges. Nevertheless that&#8217;s what we have to contend with, and that is the reason we are constantly working on research and development. And that, in turn, has lead to our discovery of an incredibly interesting and exciting new <acronym title='Expert Advisor - a trading robot'><span class='caps'>EA</span></acronym> system, which displays results and data surpassing anything that&#8217;s ever crossed our path before.</p>

<p>This new <a href="http://new-millenniuminc.com/products/managed-forex-razor/">Razor</a> system works extremely well on live-money accounts, and has been well tested at 5 different brokers so far. As of the first week of February, we&#8217;ve begun running it on all existing <a href="http://new-millenniuminc.com/products/managed-forex-miner/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Miner accounts</a>, where its trading has followed the current big trend with 100% accuracy, and with only rare periods of relatively minor <acronym title='Drawdown - equity in trade'><span class='caps'>DD</span></acronym>. Even though the details posted below are based on backtest studies and live forward-testing (because we do not yet have dedicated stand-alone <a href="http://new-millenniuminc.com/products/managed-forex-razor/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Razor accounts</a> for the month of January), I do want to stress that the latest stand-alone live-account performance is equally encouraging.</p>

<p>To see further information on any of the accounts we offer, just click on the name of that account below and read the brief summaries that follow further down. As always, please do feel very welcome to follow up with a direct inquiry. We&#8217;re always delighted to furnish genuine inquiries with live-account statements, read-only access to live-accounts and, of course, to address any concerns you may have.</p>

<h3>Official January Results:</h3>

<ul>
<li>NEW <a href="http://new-millenniuminc.com/products/managed-forex-razor/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Managed <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Razor</a>: <strong>16.3%/32.6%</strong><sup><a id="fnref1" rel="footnote" href="#fn1">1</a></sup>

<ul>
<li><a href="http://www.myfxbook.com/members/NewMillenniumInc/nmi-razor/15924/HTiWSmdLRCmA09BnLmTm">Weblink</a> to detailed demo account reporting at <a href="http://www.alpari.co.uk">Alpari(<acronym title='United Kingdom of Great Britain and Northern Ireland'><span class='caps'>UK</span></acronym>)</a></li>
<li><a href="http://www.myfxbook.com/members/NewMillenniumInc/nmi-razor--pbf/16187/RuYfzbySgAlJuxQDwijO">Weblink</a> to detailed demo account reporting at PBFX (an <acronym title='Electronic communication network, a type of computerized financial trading system'><span class='caps'>ECN</span></acronym> broker in the <acronym title='United States of America'><span class='caps'>US</span></acronym>)</li>
</ul></li>
<li><a href="http://new-millenniuminc.com/products/managed-forex-miner/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Managed <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Miner</a>: <strong>-1.75%</strong><sup><a id="fnref2" rel="footnote" href="#fn2">2</a></sup>

<ul>
<li><a href="http://www.myfxbook.com/members/NewMillenniumInc/nmi-miner/6476/lvqhlCoVRvTNkV7KCX2S">Weblink</a> to detailed account reporting</li>
</ul></li>
<li><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Managed <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Hunter: <strong>5.68%</strong><sup><a id="fnref2" rel="footnote" href="#fn2">2</a></sup>

<ul>
<li><a href="http://www.myfxbook.com/members/NewMillenniumInc/nmi-hunter/6479/lEO754sMMWU8KtbRg6jr">Weblink</a> to detailed account reporting</li>
</ul></li>
<li><a href="http://new-millenniuminc.com/products/managed-forex-carnifex/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Managed <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> CarniFeX</a>: <strong>1.98%</strong><sup><a id="fnref2" rel="footnote" href="#fn2">2</a></sup>

<ul>
<li><a href="http://www.myfxbook.com/members/NewMillenniumInc/nmi-carnifex-pro--alpariuk/16725">Weblink</a> to detailed account reporting</li>
</ul></li>
<li><a href="http://new-millenniuminc.com/products/self-managed-gold/">Self Managed Gold Account</a>: <strong>5%</strong></li>
</ul>

<p>The new <a href="http://new-millenniuminc.com/products/managed-forex-razor/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Razor account</a> has a super-low entry investment of just <acronym title='United States of America'><span class='caps'>US</span></acronym>$2,000, but we have only a limited initial trial client intake of 25, with first priority given to our existing clients. If this <acronym title='Expert Advisor - a trading robot'><span class='caps'>EA</span></acronym> continues to perform as well as we&#8217;re anticipating, and as well as it has been doing on live-accounts recently, then this may be your only chance to enter! We are currently trialing at PBFX (a semi-private <acronym title='Electronic communication network, a type of computerized financial trading system'><span class='caps'>ECN</span></acronym>/non-market-maker brokerage in the <acronym title='United States of America'><span class='caps'>US</span></acronym>), with the view to also offer the accounts there, because our live-testing has shown even better trading returns at this particular broker.  60% and 70% months are entirely possible even at standard leverage, and between all our live-trading to-date, and our 10 year backtest, we&#8217;ve found just one losing month in it&#8217;s entire history!</p>

<p>The <a href="http://new-millenniuminc.com/products/managed-forex-miner/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Miner account</a> performed as expected given the market. At the depths of the extreme move against the system, I gave some returns back with lost hedged trades. That turned out to have been rather unfortunate, because not long after that, two very favourable events occurred:</p>

<ol>
<li>The <acronym title='Swiss National Bank'><span class='caps'>SNB</span></acronym> intervened not once, but twice to support the <acronym title='European Dollars'><span class='caps'>EUR</span></acronym>/<acronym title='Swiss Francs'><span class='caps'>CHF</span></acronym>. Such things usually precede a base being formed and an eventual reversal.  This puts us in good stead, and I would like to thank the &#8220;powers that be&#8221; for protecting the downside which would only be exacerbated by the current <acronym title='Sovereign debt problems for Portugal, Italy, Greece and Spain'><span class='caps'>PIGS</span></acronym> situation.</li>
<li>The <acronym title='Reserve Bank of Australia'><span class='caps'>RBA</span></acronym> surprised the market by not raising rates further, causing an immediate downward spike on the <acronym title='Australian Dollars'><span class='caps'>AUD</span></acronym>/<acronym title='New Zealand Dollars'><span class='caps'>NZD</span></acronym> pairs closing out a bunch of shorts for a nice profit.</li>
</ol>

<p>Despite those favourable events, the whole situation lead to some evolution in our <a href="http://new-millenniuminc.com/products/managed-forex-miner/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Miner</a> system and, having consulted with all existing <a href="http://new-millenniuminc.com/products/managed-forex-miner/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> <acronym title='Foreign eXchange market - where currencies are traded'><span class='caps'>FX</span></acronym> Miner</a> clients, it&#8217;s now become <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png">&#8217;s mixed robot system.  The update includes:</p>

<ol>
<li>the <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> CarniFeX <acronym title='Expert Advisor - a trading robot'><span class='caps'>EA</span></acronym>, which has been doing a great job long and short the <acronym title='European Dollars'><span class='caps'>EUR</span></acronym>/<acronym title='Swiss Francs'><span class='caps'>CHF</span></acronym> and <acronym title='Australian Dollars'><span class='caps'>AUD</span></acronym>/<acronym title='New Zealand Dollars'><span class='caps'>NZD</span></acronym> pairs versus the one-direction only <a href="http://new-millenniuminc.com/products/managed-forex-miner/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Miner</a> system;</li>
<li>and the new <a href="http://new-millenniuminc.com/products/managed-forex-razor/"><img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Razor</a> <acronym title='Expert Advisor - a trading robot'><span class='caps'>EA</span></acronym>, our other all-time favorite <acronym title='Expert Advisor - a trading robot'><span class='caps'>EA</span></acronym> that really proven itself over the past 10 months.</li>
</ol>

<p>Going forth, this may very well be one of <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png">&#8217;s highest yielding and consistent accounts with some accounts already up as high as 7.5% on February month to date.</p>

<p>The <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Hunter account&#8217;s consistent run of trading continues; although the very strong <acronym title='American Dollars'><span class='caps'>USD</span></acronym> surge caught us a little unprepared being net short in that department. Given the primary trend has changed on the <acronym title='American Dollars'><span class='caps'>USD</span></acronym>, we are looking at things from a <acronym title='American Dollars'><span class='caps'>USD</span></acronym> strength position until a reversal is clearly evident. In the meantime <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Hunter account holders are going to have to live with some open-position <acronym title='Drawdown - equity in trade'><span class='caps'>DD</span></acronym> &#8211; although this shouldn&#8217;t adversely affect their ability to continue to make consistent balance gains across the mixed portfolio of positions in the interim period.</p>

<p>The recently introduced <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> Carnifex Pro account has proven ideally suited to the recent market conditions. Our most recently commenced account has also gained the benefit of an excellent entry: The relative extremes in the current price of <acronym title='European Dollars'><span class='caps'>EUR</span></acronym>/<acronym title='Swiss Francs'><span class='caps'>CHF</span></acronym> and <acronym title='Australian Dollars'><span class='caps'>AUD</span></acronym>/<acronym title='New Zealand Dollars'><span class='caps'>NZD</span></acronym> creates a fabulous opportunity to enter the market at a price far above or below the long term median prices, which should really pay off in the longer term when the price moves back towards that median.</p>

<p>This month, the <img style="border: 0 none; margin: 0 0 -2px;" alt="NMi" src="http://new-millenniuminc.com/wp-content/themes/hotrod/css/images/logo-tiny.png"> <a href="http://new-millenniuminc.com/products/self-managed-gold/">Self-Managed Gold account</a> closed out one trade, provided your broker of choice did see below <acronym title='United States of America'><span class='caps'>US</span></acronym>$1,074.50 along with the high of <acronym title='United States of America'><span class='caps'>US</span></acronym>$1125 for January. With the recent scramble to <acronym title='American Dollars'><span class='caps'>USD</span></acronym>, <a href="http://new-millenniuminc.com/products/self-managed-gold/">Gold</a> has taken a bit of dive but it&#8217;s also said that when no one else wants to, that is usually the better time to buy. Only history will tell for sure. This is the suggested account of choice for folks wanting core long exposure, and who are willing to take the relatively small investment of time to understand the downside risk associated. It&#8217;s essentially no riskier than the same quantity of physical gold but with any increase in leverage comes an associated increase in running open position total.</p>

<p>If you have any questions please do feel most welcome to contact us, and we&#8217;ll endeavour to get back to you by the next business day.</p>

<p>Sincere Regards,</p>

<p><img class="size-full wp-image-23" src="/files/2009/09/adam-signature.png" alt="Adam Liddiard Signature" width="187" height="72" /></p>

<p>Adam</p>

<div class="footnotes">
<hr />
<ol>
<li>
<p>With the <a href="http://new-millenniuminc.com/products/managed-forex-razor/">Razor account</a> the first figure is for an account traded at standard leverage; we&#8217;re also offering double-leverage accounts which would have had returns in line with the higher number last month.&#160;<a id="fn1" href="#fnref1" rev="footnote">&#8617;</a></p>
</li>
<li>
<p>Please note that figures above are gross of performance fee where applicable and that due to different account balances and the fact that official results post outs represent an average of all accounts, individual account-to-account performance will vary accordingly.&#160;<a id="fn2" href="#fnref2" rev="footnote">&#8617;</a></p>
</li>
</ol>
</div>
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