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Hedge trading spieler system derived from futures spread trading

  • #1,001
  • Aug 10, 2008 8:45pm Aug 10, 2008 8:45pm
in 1 lot long at 161.90

I should have waited 161.46 because sunday closied is at 161.87 but we get a big down on sunday and i am starting to build a new position.

That s my discretionary part
  • #1,002
  • Aug 10, 2008 8:48pm Aug 10, 2008 8:48pm
redart007

you get it we picked the low and high amazing on that one
  • #1,003
  • Aug 10, 2008 11:37pm Aug 10, 2008 11:37pm
well this thread has really gotten of the blocks well....

not too many digs, kills, or bumps.....

only 7 more posts for a world record....

oops, i've been watching too many olympics today.
  • #1,004
  • Aug 11, 2008 1:11am Aug 11, 2008 1:11am
Anyone can tell me ,let say today we open position on long on e/u and u/chf .If tomorrow eur/chf keep drop.when we going to close position?Is it wait until both break even or profit?
  • #1,005
  • Aug 11, 2008 1:57am Aug 11, 2008 1:57am
Bought hedge at Eur/Chf 1.6174. My opening position at 1/1.38 ratio after Euro slide. Let's see.
Vincit qui se vincit.
  • #1,006
  • Aug 11, 2008 2:10am Aug 11, 2008 2:10am
Quoting spieler
in 1 lot long at 161.90

I should have waited 161.46 because sunday closied is at 161.87 but we get a big down on sunday and i am starting to build a new position.

That s my discretionary part

Will you close that position at about 162.30? And if you were flat today, would you start building a new short position at 162.30?
  • #1,007
  • Aug 11, 2008 2:32am Aug 11, 2008 2:32am
The last friday long position i open till now.anyone can teach me what i gonna to do.>>>>>>>>
  • #1,008
  • Aug 11, 2008 2:36am Aug 11, 2008 2:36am
Quoting pipsrobber
Anyone can tell me ,let say today we open position on long on e/u and u/chf .If tomorrow eur/chf keep drop.when we going to close position?Is it wait until both break even or profit?

You either close the position if EURCHF goes up or keep adding lots if it goes down. See post #995 for a short summary on when to add lots.
  • #1,009
  • Aug 11, 2008 2:39am Aug 11, 2008 2:39am
Pipsalot,thanks for fast reply. I going to add more lot.
  • #1,010
  • Aug 11, 2008 3:11am Aug 11, 2008 3:11am
Will TP on my long at Eur/Chf 1.6235...
Vincit qui se vincit.
  • #1,011
  • Aug 11, 2008 3:29am Aug 11, 2008 3:29am
#Will you close that position at about 162.30? And if you were flat today, would you start building a new short position at 162.30?#

yes will close half at 162.30 and waiting for half remaining.

short position at 162.30 what a strange idea??

am waiting 162.81 to get short ( friday close +0.25%)
  • #1,012
  • Aug 11, 2008 3:54am Aug 11, 2008 3:54am
Quoting spieler
yes will close half at 162.30 and waiting for half remaining.

short position at 162.30 what a strange idea??

am waiting 162.81 to get short ( friday close +0.25%)

All right, I understand. Thanks very much
  • #1,013
  • Aug 11, 2008 4:04am Aug 11, 2008 4:04am
Now targeting 1.6230 for TP on long.
Vincit qui se vincit.
  • #1,014
  • Aug 11, 2008 7:14am Aug 11, 2008 7:14am
Hello,
I have been reading this thread for a couple days,I came across a PDF summary on the method,on my home computer,but for the life of me cannot find it now.Can anyone direct me to it?Thanks for your help!
  • #1,015
  • Aug 11, 2008 7:19am Aug 11, 2008 7:19am
Quoting jlmac27
Hello,
I have been reading this thread for a couple days,I came across a PDF summary on the method,on my home computer,but for the life of me cannot find it now.Can anyone direct me to it?Thanks for your help!

Check this post!

http://www.forexfactory.com/showpost...&postcount=898
  • #1,016
  • Aug 11, 2008 8:13am Aug 11, 2008 8:13am
spieler-

Well, I was quite close but as you said still errors. Thanks for your reply which clarifies the basic entry rules perfectly. I do know that the previous days close, speed of the market and W/E gaps must always be taken into account and so these are just a basic guide to the entry points. I have now tried to add the basic exit and re-entry points to the schedule as I currently understand them, please can you confirm they are correct or amend any errors.

1lot -0.25( or +0.25 of course) – Exit at 0.00
lot 2 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous entry
lot 3 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous entry
lot 4 -0.50 exit 0.25 pull back (pb) - re-enter at -0.50 from previous entry
Note: If first 4 entries in and no pullback then delay lot 5 until -1.0 not -0.50
Exit on -0.50 not -0.25and re-enter on -1.0 from previous entry
lot 5 -0.50 exit 0.25pb – re-enter at -0.50 from previous entry
lot 6 -1 exit 0.50 pb – re-enter at -1.00 from previous entry
lot 7 -1 exit 0.50 pb – re-enter at -1.00 from previous entry
lot 8 -2 exit 1 pb – re-enter at -2.00 from previous entry
lot 9 -2 exit 1 pb – re-enter at -2.00 from previous entry
lot10 -3% double lots exit 2pb -– re-enter ??

Very happy to know that you think I am 'close to the light' so I need to work a bit harder now at filling in the last missing pieces of the jigsaw.

  • #1,017
  • Aug 11, 2008 8:20am Aug 11, 2008 8:20am
Quoting spieler
#Will you close that position at about 162.30? And if you were flat today, would you start building a new short position at 162.30?#

yes will close half at 162.30 and waiting for half remaining.
spieler-

You will close half only if market speed is fast, right ?
  • #1,018
  • Aug 11, 2008 8:30am Aug 11, 2008 8:30am
The point I think that is being missed is that going short on EURUSD&USDCHF because the EURCHF went up and going long on EURCHF&USDCHF is counting on mean revision. When it runs away you are stuck. I think it would be better to use the general trend of EURCHF to pick your side while you aren't geared very highly so that you can handle moves against your hedged position. The two pairs move almost always against each other in the long term but that correlation, if it breaks down, will either be very prosperous for you or go heavy against you. Wouldn't it make sense to use the current correlation status found in http://www.mataf.net/en/forex/tradin...lation/detail/ see when it is not running near -1 and look for either a trend to continue, or try to pick a reversal........
  • #1,019
  • Edited 9:24am Aug 11, 2008 9:07am | Edited 9:24am
[quote=pipsrobber;2158123]Anyone can tell me ,let say today we open position on long on e/u and u/chf .If tomorrow eur/chf keep drop.when we going to close position?

Today we have opened after the gap. So today we open longs @ 1.6187 and close apppr @ 1.6227. We are going after these 40 pips that the gap has created.

That's how I understand the situation and that's what I am doing.
The opening gap made trading today more discretionary than usually.

Cheers,
  • #1,020
  • Aug 11, 2008 10:01am Aug 11, 2008 10:01am
Quoting brucech
Check this post!

http://www.forexfactory.com/showpost...&postcount=898

Thanks,
I looked all over for this! Hope my trading goes better than my searching!!
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