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Hedge trading spieler system derived from futures spread trading

  • #241
  • Jul 15, 2008 5:30am Jul 15, 2008 5:30am
waiting now -0.80% ( 0.55+0.25) to enter one more lot or a pull back to sell the last one .
patience again
  • #242
  • Jul 15, 2008 5:31am Jul 15, 2008 5:31am
Quoting spieler
your entry point is excellent better than mine

need sometime to be fast to click on the button and need a quick broker to get a fill because you have to send a second order onece done.
in spread trading on futures i did not have this problem because i could send a spread order directly with j trader and X_trader
Yes, we use MD trader and X trader in the office as well for the guys who do futures.

I do cash and used to use LavaECN....now I use BARX which works similar.

regards
daytrading
Enter Signature
  • #243
  • Jul 15, 2008 5:32am Jul 15, 2008 5:32am
#Dear Spieler,

What is the difference in trade quality if you take the % movement of the EURCHF pair alone or, rather, subtact the difference between the % movement of the USDCHF from the % movement of the EURUSD? ---Because the numbers aren't the same. #

there are no differences , yesterday was an esception because of a strange gap not taken into account in the eusd/chf paire.

What is good with that positions is that we are going to winn the swap interest on the 2 paires ( check with your broker some are charging little interest for a long usd/chf) if we keep ON
  • #244
  • Jul 15, 2008 5:34am Jul 15, 2008 5:34am
i use curenex with some accounts and unfortunatly other soft and brokers with wide spread for some of my AM accounts
  • #245
  • Jul 15, 2008 5:34am Jul 15, 2008 5:34am
Hi...


Ok in second lot....Chf @ 1.0053 Eur @ 1.5993
  • #246
  • Jul 15, 2008 5:40am Jul 15, 2008 5:40am
Quoting spieler
i use curenex with some accounts and unfortunatly other soft and brokers with wide spread for some of my AM accounts
I have the choice between Lava, Currenex, BARX, HotSpot and Baxter.

My choice is Barx because the have a feature which is called "turbo-fill" that guarantees execution in the quoted size at the quoted price. (up to 100mil. us$)

Since I trade a lot of quick brekout without hard stops, it suits me well.

regards
daytrading
Enter Signature
  • #247
  • Jul 15, 2008 5:41am Jul 15, 2008 5:41am
Spieler,
I think I remember reading that you compensate for yesterdays change in todays trading. Yesterday move was -0.28%. If you would compensate for this as we might start a trend down here, could we instead enter at -53% instead (-25-28), or how do you compensate for yesterdays move (if you do at all, maybe I've got it wrong)?
  • #248
  • Jul 15, 2008 5:47am Jul 15, 2008 5:47am
Spieler , now we are -0.61% with 4 trades opened. What's the strategy from now on ? In the case correlation will go further down will average again at -0.8 or at -1% ?

thx
Skyline
  • #249
  • Jul 15, 2008 5:47am Jul 15, 2008 5:47am
...current average position.
Attached Image (click to enlarge)
Click to Enlarge Name: spread1507.png Size: 51 KB
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  • #250
  • Jul 15, 2008 5:57am Jul 15, 2008 5:57am
skyline we have only 3 positions and not 4

If yu have 4 please explain
  • #251
  • Jul 15, 2008 5:58am Jul 15, 2008 5:58am
now and later we aterted cash this morning i only compensate when i have an on position as we are going to have today if things continue that way.
i am down 8k$ so far no worry at all
  • #252
  • Jul 15, 2008 5:59am Jul 15, 2008 5:59am
Quoting spieler
skyline we have only 3 positions and not 4

If yu have 4 please explain
I entered some hours ago the average for both eurusd/usdchf at -0.50%.
So you didn't entered yet the USDCHF at -0.55% ?
  • #253
  • Jul 15, 2008 6:01am Jul 15, 2008 6:01am
Quoting spieler
now and later we aterted cash this morning i only compensate when i have an on position as we are going to have today if things continue that way.
i am down 8k$ so far no worry at all
Thanks for the reply!
  • #254
  • Jul 15, 2008 6:01am Jul 15, 2008 6:01am
correction we have only 2 positions so far nor 3 neither 4
  • #255
  • Jul 15, 2008 6:04am Jul 15, 2008 6:04am
ok by 4 trades you mean 2 long eurus and 2 long usd/chf
We are ok
PATIENCE
  • #256
  • Jul 15, 2008 6:05am Jul 15, 2008 6:05am
Quoting spieler
ok by 4 trades you mean 2 long eurus and 2 long usd/chf
We are ok
PATIENCE
oh yes
  • #257
  • Jul 15, 2008 6:11am Jul 15, 2008 6:11am
Spieler,
Thanks for posting this system and thanks to everyone else for posting your progress in real time. This is my first post here so please bear with me.
Does it matter at all that taking the long position in the EUR/USD today puts us long at or right below an all-time high?
I ask because I took this trade at:
EUR/USD: 1.5996
USD/CHF: 1.0052
which I think puts my entry closer to the -.45% coorelation but not very far off the high.
Thanks,
  • #258
  • Jul 15, 2008 6:11am Jul 15, 2008 6:11am
Just went live when EURCHF hit -.60 and support. Long EURUSD at 1.5996 and USDCHF at 1.00461.

L.
  • #259
  • Jul 15, 2008 6:27am Jul 15, 2008 6:27am
mackus :
even if i agree eur/usd is in a unique position that does not matter.
When usd is going to be a little bit stronger today or tommorow
eur/usd wil go lower but usd/chf , according to the correlation theory, is going to go high faster so that the hedge become a winner
and you will se that it can go very very fats a matter of minutes sometimes
  • #260
  • Jul 15, 2008 6:34am Jul 15, 2008 6:34am
spieler,
Thanks
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