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Hedge trading spieler system derived from futures spread trading

  • #261
  • Jul 15, 2008 7:06am Jul 15, 2008 7:06am
Quoting daytrading
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
Max
Is BARX the platform of Barclays Capital? Who is your broker?
Regards
  • #262
  • Jul 15, 2008 7:11am Jul 15, 2008 7:11am
Quoting howard
Max
Is BARX the platform of Barclays Capital? Who is your broker?
Yes, Howard -

we use Fortis Global Clearing.

regards
Max
Enter Signature
  • #263
  • Jul 15, 2008 7:14am Jul 15, 2008 7:14am
Dear Spieler and Thread,

How much more volatile a spread would EURJPY/CHFJPY be than EURUSD/USDCHF? --In short, how many other pairs can you do this spread trade on safely?

Thanks,

L.
  • #264
  • Jul 15, 2008 7:21am Jul 15, 2008 7:21am
Deaer Thread,

There is no getting away from the intangible assessment of market conditions. Today there is panic out there: S/R levels getting broken, lots of momentum, etc. Which, I would think, makes our hedge trade today a more difficult trade than usual, i.e. given a choice, you'd certainly prefer lax market conitions for this convergence trade than the trended session that this is. At any rate, EURGBP is -.25 as of this writing and there the market conditions seem laxer.
Are the correlations high enough that within this lax condition one could put on a long EURUSD and sell a GBPUSD? And so on...

Thanks,

L.
  • #265
  • Jul 15, 2008 7:22am Jul 15, 2008 7:22am
Anything involving jpy or gbp is not good for this strategy according to me.
And these 2 paires the strategy is based on are the strongest correlation
  • #266
  • Jul 15, 2008 7:25am Jul 15, 2008 7:25am
Just finish reading the whole thread and d/l Swingman's EA and indicator. Demoing on ODL when E/C was -66%

Long 1 lot E/U 1.5998
Long 1.6 lot U/C 1.0041
in at 12:03 GMT

Currently @ 12:24 GMT -$20.00 (b/e) basically
  • #267
  • Jul 15, 2008 7:30am Jul 15, 2008 7:30am
L,

my opinion is (and I might be off track), that you want to look at instruments with high/steady correlation.

Spreads where the Yen is invloved have additional time-zone risk and volatility....as Spieler mentioned earlier in the thread. It doesn't mean one cannot work them....but money man. would have to be very different.

Btw, there are some very effective and simple methods to trade the majors outright and make money. Spielers method imo, is rather uncomplicated although it involves having 2 positions at once.

regards
Enter Signature
  • #268
  • Jul 15, 2008 7:38am Jul 15, 2008 7:38am
Look slike this beast wants us to get soon in a third position

Usually when i have 3 positions this is the biggest profit configuration

This one is gonna be overnight i think adding some interest swap in our favor
  • #269
  • Jul 15, 2008 7:44am Jul 15, 2008 7:44am
Quoting daytrading
L,

Btw, there are some very effective and simple methods to trade the majors outright and make money. Spielers method imo, is rather uncomplicated although it involves having 2 positions at once.

regards
Would be so kind as to share with us some of those methods?
  • #270
  • Jul 15, 2008 7:52am Jul 15, 2008 7:52am
Quoting fxtrader2k7
Would be so kind as to share with us some of those methods?
FXTrader,

I am afraid that I will not hijack Spieler's thread to do that.

I will say though, that anything to do with breakouts will work - as long as you have the tools (tight spreads and execution speed) and money man.

over 20 years of trading and more than 10 years of breakout strategies have proven it to me

now go and find what's out there.

regards,
daytrading
Enter Signature
  • #271
  • Jul 15, 2008 7:53am Jul 15, 2008 7:53am
Quoting spieler
Look slike this beast wants us to get soon in a third position

Usually when i have 3 positions this is the biggest profit configuration

This one is gonna be overnight i think adding some interest swap in our favor
Spieler,

your possible 3rd pos. would still be at -0.8% (1.6033) ? Or do anticipate for eur/chf to reach -1.0% ??

regards
Enter Signature
  • #272
  • Jul 15, 2008 7:56am Jul 15, 2008 7:56am
Hi...


Have you noticed that the level on ECH that was around for our second Position is now being used as a resistance level..
  • #273
  • Jul 15, 2008 8:00am Jul 15, 2008 8:00am
whern we will approach -0.80 if so i wil be ready to jump in .
if th etrend goes down quickly better is to wait to # win# some extras pips like getting in at 0.85 for exemple.
after that we will wait for a 0.50% more before putting a 4th lot

At th emaximum loss i was down 10.2K i am now -8k
i expect a profit of 5/10k on that baby
  • #274
  • Jul 15, 2008 8:04am Jul 15, 2008 8:04am
okidoki, Spieler -

...nice move.

regards
Enter Signature
  • #275
  • Jul 15, 2008 8:05am Jul 15, 2008 8:05am
Quoting daytrading
FXTrader,

I am afraid that I will not hijack Spieler's thread to do that.

daytrading
I was hoping you wouldn't hijack Spieler's thread; but rather start one of your own. Thanks for the tip regarding breakout methods.
  • #276
  • Jul 15, 2008 8:17am Jul 15, 2008 8:17am
HI...


If we can punch through 1.6072 we are in with a chance to move north..
  • #277
  • Edited 4:37pm Jul 15, 2008 9:09am | Edited 4:37pm
Hi folks,

I have been trading similar to this for some time now with small variances along with breakouts on the four majors in the London session.
I usually avoid going too heavy short as i am
going against the rollover and if the positions move away too much then i am stuck running up negative interest.I stick with whatever i go long i only go 20% of this for shorts.
As this pair is linked to the carry i know for me i like to trade with the odds.Carry pairs seem to want to gravitate higher,so i play the cross heavier when trending higher.
I have knocked up a spreadsheet which calculates -/+% for the day EURCHF with buy/sell levels,its attached.I hope someone finds it useful.
If there are any errors,which is very likely,then let me know.
Spieler and crew nice thread and some interesting stuff,keep it coming.

Cheers,
Steve
Attached File(s)
File Type: xls CrossHedgeCalc.xls   18 KB | 1,646 downloads
  • #278
  • Jul 15, 2008 9:09am Jul 15, 2008 9:09am
Reached -0.80% , so I entered two more orders :

long EURUSD @ 1.6001
long USDCHF @ 1.0027

let's see how they will develop
  • #279
  • Jul 15, 2008 9:13am Jul 15, 2008 9:13am
in an other one at -0.81
long usd/chf at 1.0030
long eur/usd at 1.5980

i entered second leg 1 minute after winning almost 10 pips
  • #280
  • Jul 15, 2008 9:16am Jul 15, 2008 9:16am
Quoting spieler
in an other one at -0.81
long usd/chf at 1.0030
long eur/usd at 1.5980

i entered second leg 1 minute after winning almost 10 pips
great Spieler
Now if correlation will go up to -0.55% you'll exit last orders entered ?
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