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Hedge trading spieler system derived from futures spread trading

  • #1,361
  • Aug 27, 2008 3:44am Aug 27, 2008 3:44am
Quoting spieler
I have other systems triggering more trades than this one.

Seems that eur/chf choppy today
If you don't mind you can open another topic with your SP500/x Spreadtrading
  • #1,362
  • Aug 27, 2008 4:13am Aug 27, 2008 4:13am
spieler and all the good people of this thread, do you have any books you recommend that one can get on this style of trading as this is something new to me and its something I have been looking for for a very long time? spieler's system works but looking to add one more system.... spieler maybe you can share one of of your other systems,.. pushing my luck I know!!!
  • #1,363
  • Aug 27, 2008 6:13am Aug 27, 2008 6:13am
Now have 3 open long positions. Picked up the 3rd yesterday at eur/chf 1.6119.
  • #1,364
  • Aug 27, 2008 9:08am Aug 27, 2008 9:08am
Sold first of the three positions.
  • #1,365
  • Aug 27, 2008 9:14am Aug 27, 2008 9:14am
161.64 out half few seconds ago
  • #1,366
  • Aug 27, 2008 9:26am Aug 27, 2008 9:26am
spieler talks about patience..........this really works but definitely not for scalpers!
  • #1,367
  • Edited 9:58am Aug 27, 2008 9:54am | Edited 9:58am
I'm not sure if I can post links here but if you do a webseeach for Joe Ross and spread trading he has part of a site dedicated to spread trading and there is a free news letter looking at different spreads that they take - they are mainly commodity futures but think the principals remain the same long and short two markets at the same time. He has also written a book on spread trading which looks at trading the spreads as you would a signal market i.e entrying the spread at a the break or touch of support or resistence. There is other free stuff there too and I cannot comment on anything they are trying to sell.

Quoting FXSnipe
spieler and all the good people of this thread, do you have any books you recommend that one can get on this style of trading as this is something new to me and its something I have been looking for for a very long time? spieler's system works but looking to add one more system.... spieler maybe you can share one of of your other systems,.. pushing my luck I know!!!
  • #1,368
  • Aug 27, 2008 10:09am Aug 27, 2008 10:09am
john ross books have nothing to see with this kind of trading.
As far as i can remember he is specialised in commodities like you said but doing calendar spreads or spreading same instrument but on 2 different places and things like that .
I dont know a book on this kind of trading but i dont know everything ( only almost )
  • #1,369
  • Aug 27, 2008 10:14am Aug 27, 2008 10:14am
Quoting spieler
john ross books have nothing to see with this kind of trading.
As far as i can remember he is specialised in commodities like you said but doing calendar spreads or spreading same instrument but on 2 different places and things like that .
I dont know a book on this kind of trading but i dont know everything ( only almost )
Maybe you could write one!
  • #1,370
  • Edited 11:21am Aug 27, 2008 10:54am | Edited 11:21am
Hi Spieler + everyone,

I went long last night at 18:12 GMT decorelation was at -0,33% (I waited a little as I could feel some speed passing the -0,25%), EUR/CHF was at 1,6105

I went out few minutes ago ( i was out for the day ) at 15:29 GMT around EUR/CHF being at 1,6165... (approx 0% correlation of yesterday not today...)

that's a nice 55 pips not bad for few hours of trading...

I cut the one loosing leg and kept the winning one a little bit longer with only few pips of gain... at least i tried...

thanks spieler
BD
  • #1,371
  • Aug 27, 2008 11:11am Aug 27, 2008 11:11am
Opened shorts @1.6169. Actually it is .35% level, but the price was moving quite fast, so I waited until it slowed down a little bit.

Anybody else shorting?
  • #1,372
  • Aug 27, 2008 11:21am Aug 27, 2008 11:21am
Peikko I support you for spieler to write a book. I know Joe Ross, the Ross hook chap, his spread trading is not the same as this as far as I know I might be wrong as I have not read any of his books except the free material on his site.
  • #1,373
  • Aug 27, 2008 11:40am Aug 27, 2008 11:40am
Erm - am I missing something - surely this interactive thread, questions / answers to the Author himself beats any book hands down???

Quoting FXSnipe
Peikko I support you for spieler to write a book. I know Joe Ross, the Ross hook chap, his spread trading is not the same as this as far as I know I might be wrong as I have not read any of his books except the free material on his site.
  • #1,374
  • Aug 27, 2008 11:47am Aug 27, 2008 11:47am
Speiler,

Yes, this is certainly new to me - thanks

i was merely responding to the below comment in refering Fxsnipe to JR

-spieler's system works but looking to add one more system....

Quoting spieler
john ross books have nothing to see with this kind of trading.
As far as i can remember he is specialised in commodities like you said but doing calendar spreads or spreading same instrument but on 2 different places and things like that .
I dont know a book on this kind of trading but i dont know everything ( only almost )
  • #1,375
  • Edited 12:20pm Aug 27, 2008 12:10pm | Edited 12:20pm
Quoting spieler
Tip : for a long always enter the one which is up first so you can sometime never enter th eother leg and take profit on the long only.
But be carrefull as soon as it stopps going north or if it goes back 3 pips get in IMMEDIATLY on the other leg.
same strategy for exit , using that i can save hundreds of pips sometimes more on a yearly basis
That was a great advice given a while ago, but keep forgetting to use it. Now I shall remember!

Also:

"spieler's system works but looking to add one more system.... "

Oh no, oh please, no!!! Do not add any other systems. I've seen so many times here in FF experienced successful trader is sharing his system, and here goes a bunch of Alexanders from Macedonia, who just look and conquer any system by adding "improvements". And later the nice profitable thread is gone, everybody looses, and who is to blame? - the author of the thread 'cause his/hers system "doesn't work anymore".
Please, don't do ir here!
  • #1,376
  • Aug 27, 2008 12:15pm Aug 27, 2008 12:15pm
Quoting lietuve
Opened shorts @1.6169. Actually it is .35% level, but the price was moving quite fast, so I waited until it slowed down a little bit.

Anybody else shorting?

It would seem that more than one account is required. While the shorts are a go at .35%, I am still waiting to unload my longs.

On the topic of shorts.

(no idea if the broker is any good or not) Crown Forex - no swaps - no commission - 1 pip on majors.
  • #1,377
  • Edited 12:37pm Aug 27, 2008 12:33pm | Edited 12:37pm
Quoting Big1red9
It would seem that more than one account is required. While the shorts are a go at .35%, I am still waiting to unload my longs.

On the topic of shorts.

(no idea if the broker is any good or not) Crown Forex - no swaps - no commission - 1 pip on majors.
That's exactly what I was looking for all last night. Crown Forex - requotes and dealing desk! Moe suggested ODL - he has account there (they have MT4 and currenex platform also - promise to integrate it into MT4. Moe is not the guy who would use a bad broker. Check ODL.

Sorry, my mistake. atcbrokers have currenex and MT4 - also recommended by Moe. BTW check by yourself, 'cause memory is not good when I am not sleeping enough.
  • #1,378
  • Aug 27, 2008 1:58pm Aug 27, 2008 1:58pm
Quoting spieler
You have to wait either yesterday close -0.50% or your last entry point -0.50% whatever is the lower ( conservative approach)
spieler-

Both must be an interday move of -0.50% to be a valid entry signal, correct?
  • #1,379
  • Aug 27, 2008 2:25pm Aug 27, 2008 2:25pm
Thinking about it...

Why can't you create a composite of long and short with 1 broker?

If I am suppose to be long 2 positions from the previous trade, and now short 1 position from the current trade - If at 2 brokers the net result from a P/L standpoint is from 1 long position.

Long 2 positions at Broker A
Short 1 position at Broker B

= Net long 1 position.

Thanks
BR
  • #1,380
  • Aug 27, 2008 2:31pm Aug 27, 2008 2:31pm
Quoting lietuve
That's exactly what I was looking for all last night. Crown Forex - requotes and dealing desk! Moe suggested ODL - he has account there (they have MT4 and currenex platform also - promise to integrate it into MT4. Moe is not the guy who would use a bad broker. Check ODL.

Sorry, my mistake. atcbrokers have currenex and MT4 - also recommended by Moe. BTW check by yourself, 'cause memory is not good when I am not sleeping enough.
I am trying to boost results by looking at high swap yields. Crown is the only one I know of that doesn't pay nor charge a swap. In the end, the trade has to get done at the right price or there is no benefit. Assuming short 50% of the time, I guess the savings would be about 5 pips a week per position.

BR
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