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Hedging/averaging trades without prediction

  • #3,081
  • May 10, 2024 9:20am May 10, 2024 9:20am
Quoting T721
{quote} you need to be long only otherwise they charge you for div if you are short. Exactly, now you getting the hang of it. No looking back now....onwards n upwards just keep adding 10 or 20% to your size every month or so and you will be amazed by years end how much you make
May be sound familar to you: I enter 1st small position of retrace at USD/JPY, sometimes a bit more down, I add some. Than it goes up, I sell some. Rest I put on B/E. MArket moves even more up and next day: Hit me B/E. REPEAT.
Carry trade is really annoying with JPY pairs. I think BOJ like to kick them out, make life hard for carry traders.

Currently I bought at 155.65 and 155.63, sold at 155.71, rest on B/E... . You also can use your gains to put your B/E lower and risk all your gains. Did that also with JPY currency few times. GUESS WHAT HAPPENED?? ->Repeat...
  • #3,082
  • May 10, 2024 9:22am May 10, 2024 9:22am
Quoting T721
{quote} If it gets going downside dont take it off for a pissy 100points. you will be in a fucking great short swing imo
If it gets to your downside target put it to breakeven and sleep on it
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  • #3,083
  • May 10, 2024 9:23am May 10, 2024 9:23am
Quoting Waveskierrob
{quote} Really thinking about putting all my efforts into this FTSE DIV trades... once a week suits me...
Do ftse and cac.. ony 2 trades a week n fuckall to stress about. Once you start compounding the fucker == OMFG
  • #3,084
  • May 10, 2024 9:27am May 10, 2024 9:27am
Quoting T721
{quote} Do ftse and cac.. ony 2 trades a week n fuckall to stress about. Once you start compounding the fucker == OMFG
oh yes I see the potential of this and encourage others really to look into it...very much a cashcow
  • #3,085
  • May 10, 2024 9:28am May 10, 2024 9:28am
Quoting T721
{quote} If it gets to your downside target put it to breakeven and sleep on it {image}
I Know but its a challenge account. My phase 2 will be cleared at 18100 and i will receive my funded account
  • #3,086
  • May 10, 2024 9:30am May 10, 2024 9:30am
Quoting JackintheBox
{quote} May be sound familar to you: I enter 1st small position of retrace at USD/JPY, sometimes a bit more down, I add some. Than it goes up, I sell some. Rest I put on B/E. MArket moves even more up and next day: Hit me B/E. REPEAT. Carry trade is really annoying with JPY pairs. I think BOJ like to kick them out, make life hard for carry traders. Currently I bought at 155.65 and 155.63, sold at 155.71, rest on B/E... . You also can use your gains to put your B/E lower and risk all your gains. Did that also with JPY currency...
Did you not see my usd/jpy post on Sun or Mon... cant remember when i posted it buy was a nice easy 250pips
  • #3,087
  • May 10, 2024 9:31am May 10, 2024 9:31am
Quoting Pranjal
{quote} I Know but its a challenge account. My phase 2 will be cleared at 18100 and i will receive my funded account
Great, soon as it passes your challenge take the trade off
  • #3,088
  • May 10, 2024 9:38am May 10, 2024 9:38am
Quoting Waveskierrob
{quote} Really thinking about putting all my efforts into this FTSE DIV trades... once a week suits me...
and imagine what happens when you get to trading @£50 per point with 2, 3, 4 positions. Obviously need to build account to handle that size but its easy done
  • #3,089
  • May 10, 2024 10:15am May 10, 2024 10:15am
Quoting T721
{quote} you need to be long only otherwise they charge you for div if you are short. Exactly, now you getting the hang of it. No looking back now....onwards n upwards just keep adding 10 or 20% to your size every month or so and you will be amazed by years end how much you make
Already owe you a beer or two T!
  • #3,090
  • May 10, 2024 10:19am May 10, 2024 10:19am
Quoting Fagin
{quote} Hi, I didn't on mine, got paid the full divvie however you might find it was overnight interest/swop fee not a deduction. It should show as a separate transaction as Long Interest? Mine is also spread bet and it might be different if you are CFD? Also just a thought, you need to be long only otherwise they charge you for div if you are short...
Hey buddy, thanks for your input.

It was not the overnight swap, (they charge this separately).
I was not short either, all was "by the book".
It was the FTSE 100 CFD on IG, I traded that the last few weeks was fine, I mean no past chargeback on dividend payments, only the one from this week.

Thanks again

PC
Less is more...
  • #3,091
  • May 10, 2024 10:52am May 10, 2024 10:52am
Quoting Waveskierrob
{quote} oh yes I see the potential of this and encourage others really to look into it...very much a cashcow
CAC div
Well no big surprise, I'm in on this one.
Back testing stats put to the test given the surrounding potential draw down from HTF.
Fingers crossed ... nah ... it will either work or it won't - I'll stick with the stats.
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always learning
  • #3,092
  • May 10, 2024 10:55am May 10, 2024 10:55am
Quoting griffc
{quote} CAC div Well no big surprise, I'm in on this one. Back testing stats put to the test given the surrounding potential draw down from HTF. Fingers crossed ... nah ... it will either work or it won't - I'll stick with the stats. {image}
it will work but you might be in till Monday as not much action going on atm

only 13points away tho so it prolly will fill b4 eod
  • #3,093
  • May 10, 2024 10:56am May 10, 2024 10:56am
Quoting griffc
{quote} CAC div Well no big surprise, I'm in on this one. Back testing stats put to the test given the surrounding potential draw down from HTF. Fingers crossed ... nah ... it will either work or it won't - I'll stick with the stats. {image}
Will keep an eye on this trade...
  • #3,094
  • May 10, 2024 10:57am May 10, 2024 10:57am
Quoting griffc
{quote} CAC div Well no big surprise, I'm in on this one. Back testing stats put to the test given the surrounding potential draw down from HTF. Fingers crossed ... nah ... it will either work or it won't - I'll stick with the stats. {image}
How many CAC div trades you done so far ?
  • #3,095
  • May 10, 2024 10:57am May 10, 2024 10:57am
Quoting Waveskierrob
{quote} Will keep an eye on this trade...
exact same as ftse mate. another easy coin maker
  • #3,096
  • May 10, 2024 10:59am May 10, 2024 10:59am
Quoting griffc
{quote} CAC div Well no big surprise, I'm in on this one. Back testing stats put to the test given the surrounding potential draw down from HTF. Fingers crossed ... nah ... it will either work or it won't - I'll stick with the stats. {image}
I'm in the same trade, got the div payout (I hope this time it sticks hahaa)

PC
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Less is more...
  • #3,097
  • May 10, 2024 11:02am May 10, 2024 11:02am
Looks like i started a Dividend craze
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  • #3,098
  • May 10, 2024 11:03am May 10, 2024 11:03am
Quoting T721
{quote} How many CAC div trades you done so far ?
anything with double figures (and a couple that were close). All closed the gap, strangely one didn't seem to move the market at all which confused me but was with the trend so still picked up some nice coin.
always learning
  • #3,099
  • May 10, 2024 11:04am May 10, 2024 11:04am
Quoting T721
Looks like i started a Dividend craze {image}
.... such a trend setter !
always learning
  • #3,100
  • May 10, 2024 11:05am May 10, 2024 11:05am
Quoting griffc
{quote} .... such a trend setter !
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