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Hedge trading spieler system derived from futures spread trading

  • #321
  • Jul 15, 2008 9:24pm Jul 15, 2008 9:24pm
I can see that during the night for me we reached 1.6093.
we were at -0.44% at that moment.
At this moment my total position was closed to a potential profit of 1.5k

I still have 2 lots loosing 2.5k including the profit taken on the 3rd lot sold yesterday.

Strategy of the day :

waiting eur/chf to be close to +0.34% to sell the 2nd lot ( we are at this moment +0.09%). We closed yesterday at -0.64% i entered this lot at -0.55% i will try to sell it close to the entry of the first lot at -0.30%.
If the profit on the 2nd lot is acceptable because of a big up in chf and we have 1.5 on it i will close it before.

if we continue the yesterday trend ( usd/chf going down) i will enter a 3rd lot at -0.25% of th elast lot i entered yesterday that i s-0.80-0.25 = -1.05%. For today that means i will put a 3rd lot if eur/chf goes down -0.41% ( 1.05-0.64( close of yesterday in %)) it is 1.5996 point.
If i had unwind this night my 2nd lot as i should have done things would have been different, i would have to wait less to enter a second lot long.
That s trading
  • #322
  • Jul 15, 2008 9:27pm Jul 15, 2008 9:27pm
#if we continue the yesterday trend ( usd/chf going down#

I mean eur/chf going down.

i supposed some of you have cut the 2nd lot ( the american guys in the good time frame for it) Who did it? and if not why?
  • #323
  • Jul 15, 2008 9:42pm Jul 15, 2008 9:42pm
Hi...


Well I still have the 2 positions running.....but I was asleep when the market moved up a little....I have not checked it yet...but would not think it moved up enough to close out the 2nd position..
  • #324
  • Jul 15, 2008 9:56pm Jul 15, 2008 9:56pm
did you get the swap interest ?
  • #325
  • Jul 15, 2008 10:04pm Jul 15, 2008 10:04pm
Hi....

Only thing I see is an negative amount .

and looking on the rates page...its negative amounts for both Buy and Sell Chf
and a very small amount on on a Buy Eur..

But I never worry to much about all that..its the trade I am more interest in..
  • #326
  • Jul 15, 2008 10:15pm Jul 15, 2008 10:15pm
Quoting Richard
Panic over...
Why trade you the H4 and not H1?
  • #327
  • Jul 15, 2008 10:24pm Jul 15, 2008 10:24pm
cannot be negativ ???????
What kindda broker are you using???
i get interest on both these 2 paires when long.
some broker pay only eur/usd and charge a tiny % on usd/chf but cannot be a negativ interest in total.
i am ok for saying the trade is more important but winning interest on a position held several days and it does happen can make the difference sometime between a win/loss trade.
  • #328
  • Jul 15, 2008 10:29pm Jul 15, 2008 10:29pm
..
Attached Image
  • #329
  • Jul 16, 2008 12:01am Jul 16, 2008 12:01am
Quoting SwingMan
Why trade you the H4 and not H1?
I am trading the 1 Hour between 7.00 GMT and 19.00 GMT when market very active. After 19.00 GMT switching to 4 Hour as market slows down. Normaly I won't open new positions after 19.00 GMT but will exit existing open ones if exit signal trigered.
  • #330
  • Jul 16, 2008 12:06am Jul 16, 2008 12:06am
Hi..


Richard....I am not sure what you mean by using the 4hr and 1 hr....

all the Price Chg % are from the daily.....so should not matter what timeframe you actually look at while trading...


Spieler......FXSol is the broker....and yes they have crap swap rates...but if it comes down to only a win if the swap is in my favor...I wont be trading that system for long...
  • #331
  • Jul 16, 2008 12:07am Jul 16, 2008 12:07am
Quoting spieler
did you get the swap interest ?
I got positive swap interest on both longs and shorts. Exited last position entered at -0.80 at -0.51 for good profit.

Currently holding 2 positions, one entered at -0.25 and the other at -0.50. Both negative at the moment.
  • #332
  • Jul 16, 2008 12:31am Jul 16, 2008 12:31am
Hi..


This is one of those hours were CHF and EUR are running in the same direction...against us..
  • #333
  • Jul 16, 2008 12:32am Jul 16, 2008 12:32am
[quote=Angler;2111884]Hi..


Richard....I am not sure what you mean by using the 4hr and 1 hr....

all the Price Chg % are from the daily.....so should not matter what timeframe you actually look at while trading...


True, Price Chg % is same on all time frames but price action is very differant on the 1 Hour to the Daily. Daily gives very little feel for the current market action. I mainly trade breakouts so I love price action but even on this hedge system the 1 Hour is better. Example, say we are close to an entry or exit level but the current candle on the 1 Hour is a news candle then very often you can get a better entry/exit price by waiting maybe 15 mins. Entry at -0.25 compaired to entry at say -0.30 will make a big differance to the profit on that trade.
  • #334
  • Jul 16, 2008 12:39am Jul 16, 2008 12:39am
Hi...


ahhh ok....yes you are right....any advantage in the entry price will help the system......just have to make sure we dont get to picky and miss the trade all together....but if we could formalize something that would be good...

but just sticking with the basic idea at the moment..
  • #335
  • Jul 16, 2008 12:45am Jul 16, 2008 12:45am
Quoting spieler
I can see that during the night for me we reached 1.6093.
we were at -0.44% at that moment.
At this moment my total position was closed to a potential profit of 1.5k

I still have 2 lots loosing 2.5k including the profit taken on the 3rd lot sold yesterday.

Strategy of the day :

waiting eur/chf to be close to +0.34% to sell the 2nd lot ( we are at this moment +0.09%). We closed yesterday at -0.64% i entered this lot at -0.55% i will try to sell it close to the entry of the first lot at -0.30%.
If the profit on the 2nd lot is acceptable because of a big up in chf and we have 1.5 on it i will close it before.

if we continue the yesterday trend ( usd/chf going down) i will enter a 3rd lot at -0.25% of th elast lot i entered yesterday that i s-0.80-0.25 = -1.05%. For today that means i will put a 3rd lot if eur/chf goes down -0.41% ( 1.05-0.64( close of yesterday in %)) it is 1.5996 point.
If i had unwind this night my 2nd lot as i should have done things would have been different, i would have to wait less to enter a second lot long.
That s trading
Morning Spieler, morning all.

I can see on 4 different brokers a high of 1.6082....at best 83 but not 93.

Anyway, 2 remaining long positions still in place and eur/chf in range....

regards
Enter Signature
  • #336
  • Jul 16, 2008 12:45am Jul 16, 2008 12:45am
Quoting spieler
I can see that during the night for me we reached 1.6093.
we were at -0.44% at that moment.
At this moment my total position was closed to a potential profit of 1.5k

I still have 2 lots loosing 2.5k including the profit taken on the 3rd lot sold yesterday.

Strategy of the day :

waiting eur/chf to be close to +0.34% to sell the 2nd lot ( we are at this moment +0.09%). We closed yesterday at -0.64% i entered this lot at -0.55% i will try to sell it close to the entry of the first lot at -0.30%.
If the profit on the 2nd lot is acceptable because of a big up in chf and we have 1.5 on it i will close it before.
spieler-

Please can you clarify how you will calculate the +0.34% exit point. Are you waiting for a +0.34% move based on today only or is the +0.34% calculation including the movement from yesterday? At the moment I have -0.66% inc yesterday and -0.01% movement just for today.
  • #337
  • Jul 16, 2008 12:55am Jul 16, 2008 12:55am
Hi...


Daytrading....I think Spieler is talking about the high overnight...not today high....I have 1.6090 on a 4 hr bar about 3-4 bars ago..
  • #338
  • Jul 16, 2008 1:00am Jul 16, 2008 1:00am
Quoting Angler
Hi...


Daytrading....I think Spieler is talking about the high overnight...not today high....I have 1.6090 on a 4 hr bar about 3-4 bars ago..
Angler...yes, ok I can see it.

Here is the graph still wit y'days levels:
Attached Image (click to enlarge)
Click to Enlarge Name: spread1507.png Size: 53 KB
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  • #339
  • Jul 16, 2008 1:04am Jul 16, 2008 1:04am
Hi...

Richard.... I think he did it this way...


He wants to close at -0.30. his entry from yesterday..

If we closed at -0.64 with a move today of +0.34 we will end up at that -0.30 from yesterday.
  • #340
  • Jul 16, 2008 1:07am Jul 16, 2008 1:07am
...I know a lot can happen intraday.....but on the daily picture it still looks to me as if the spread is going to widen.
Attached Image (click to enlarge)
Click to Enlarge Name: spread daily.png Size: 52 KB
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