You also manually trading on zulutrade? Care to share your experience with us?
Nice read:
PBOC Plans to Expand Yuan Band This Year in ‘Orderly’ Manner - Bloomberg
The People’s Bank of China plans to expand the yuan’s trading band this year in an “orderly” manner as it moves toward a more convertible currency.
And this is relevant how exactly to your zulutrade trading?
It’s positive because the trade is usually concentrated on the lower end of the band.
Btw, today is an extremely bad day to trade:
China Yuan Falls to More Than 2-Month Low on PBOC Guidance - WSJ.com
SHANGHAI–China’s yuan fell to a more-than-two-month low against the U.S. dollar Thursday after the central bank guided the local currency weaker for the third session in a row, fueling yuan depreciation.
And that’s how three-month gains can be obliterated in less than a day, luckily, my account can take much more.
Aha! I see your point. So, which one is your zulutrade account?
It’s this one:
Uh, this has been a terrifying week for the yuan, worst performance in more than three years:
ttp://www.bloomberg.com/news/2014-02-21/offshore-yuan-set-for-worst-week-since-2011-on-growth-concerns.html
equity down to EUR 429, free margin at EUR 197. I think my account can take a beating up to the higher end of the band, so not closing positions.
“The yuan squeeze “appears to be engineered by the People’s Bank of China, according to Mirza Baig, head of foreign exchange and interest rates strategy at BNP Paribas SA in Singapore. The drop could signal the central bank is taking the two-way flexibility of exchange rate seriously, or as a precursor to band-widening before the National People’s Congress next month, Baig said.”
Hope it’s the second one.
With his skill set, I’m pretty much sure that he’ll be able to bounce back. I mean, every broker has their low points in this is one of them I think. 
Closed USD/HKD position for +9.1 pips and EUR 0.93, freed up some EUR 33 margin.
WSJ:
Yuan Steadies as Central Bank Eases Up - WSJ.com
“There were way too many structured products (betting on yuan appreciation) bought by private-bank investors and wealthy individuals,” said Eric Yum, head of offshore yuan and Hong Kong dollar trading at J.P. Morgan Chase & Co. “Panic selloff was triggered when the PBOC kept fixing the yuan at weaker levels.”
Oh, man, I am so sorry to say that but you are actually not doing so very well at all. Long account history though. You are a follower, at the end of the day??? I was surprised to find out.
Almost no one on zulu is doing okay. On the performace tab under followers you will find out that there are currently only 117 public profitable accounts. On the yuan, worst day since 2010 today:
Yuan Drops Most Since 2010 on Speculation PBOC Wants Volatility - Bloomberg
Very very bad times for us carry traders.
I disagree. The ranking says otherwise!! There is also sorting by who is winning the last week/day and all sorting.Traders are doing good. And I think you should not go so exotic btw, check out to hedge with more stable currencies '_
I’m talking about followers, not traders - currently only 118 public profiles profitable, with 56 of them with less than a year of trading.
And I’m not going exotic - 7th and 9th most-used currencies:
China’s yuan dislodges Swiss franc as 7th most-used currency -SWIFT
China s yuan dislodges Swiss franc as 7th most-used currency -SWIFT - Yahoo! New Zealand
yeah followers is another story!
I do consider yuan , exotic in my taste. … I would just use another one. but that’s me, whatever suits your trading mostly. How is your zulutrade account doing today? Have you won enough positions?
Hi Phoenix, any chance that I could see your monthly stats too?
eddy, no, since i’m leaving the positions open for now.
austinggrd, you can just view my profile
interesting development:
China Central Bank’s Move on Yuan Leads to More Cash Flowing Into System - WSJ.com
Investors have been buying up U.S. dollars and selling yuan over the past two weeks, leading to local currency flooding China’s money markets and sending short-term interest rates plummeting. That has concerned economists, however, as it contradicts Beijing’s campaign since June to keep borrowing costs high to rebalance a credit-driven economy and rein in risky financing such as the loosely regulated “shadow-banking” sector.
right right right!! How do you think this will affect your trading status on zultrade ? what is your strategy so to say?
It’s pretty much wait and see, hoping that PBOC has decided it has scared off currency speculators enough:
Chinese yuan up for third day, central bank sidelined - The Economic Times
“The PBOC may feel that it has reached its goal to warn currency speculators by engineering the latest round of yuan depreciation,” said a dealer at a European bank in Shanghai. "The market believes the yuan may stabilise in the near term, possibly staging some decent rebounds and returning to a lingering long-term trend for the currency to appreciate.
The SPs seem finished, but I’ve been thinking that I have pretty decent results trading USD/HKD, so I could launch an SP account focused on that pair once it goes back to 7.755 levels (currently 7.76).
Right right!!!
I think it is not a bad strategy, what’s the name of your signal?
Still not created, all suggestions for a creative name are welcome
Ah! Well - Zulutrade winning trading strategy! 
I think could be catchy! what you waiting for? you know traders do not care about names but more about good trading history!