as a thank you to Speiler and his method. Trying it on a micro live account.
- Post #1,680
- Quote
- Sep 16, 2008 7:51am Sep 16, 2008 7:51am
There are no certainties only oppurtunities.
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DislikedI am back from Europe.
Hope you made nice trades because volatility is back and supposed to be good for trading.
I just closed a position built on cable since 01st of september for a huge mid 6 figures profitIgnored
DislikedI am back from Europe.
Hope you made nice trades because volatility is back and supposed to be good for trading.
I just closed a position built on cable since 01st of september for a huge mid 6 figures profitIgnored
DislikedHello,
I closed my third trade this morning.
Interesting thing was that when eurchf was at closing point, 40 pips below my entry, the hedge showed +/-0. So I waited for eurchf to drop 30 additional pips before I could close it with a little profit of about +11pips.
Could somebody please explaint to me, why the trade was breakeven at closing point? And why the profit was so little thus the 70 pips distance from opening?
Thank you
Regards
Edit: same thing seems to happen with the 2nd position. it is at closing point now, 40 pips below entry, but the hedge is still at -19 pips.
Why is that?
Edit: I've closed the 2nd position at 80 pips below entry eurchf, but I just got +12 pips out of it.
actually I'm 25 below closing point of my 1st position, but I'd exit with small loss or breakeven.
can anybody please help me with an explanation?Ignored
DislikedI'm not an expert like Spieler but I'm wondering of you are not eliminating the USD risk by taking 1.4 or 1.5 lots of USD/CHF for every 1 lot of EUR/USD? I think that this would've helped your profit position on all three trades closed. For instance, with the 3rd position you list your USD/CHF position would've been +270 pips instead of +193 which would've moved your profit on that 1 position up to +88 pips. That is using a 1.4 ratio which I'm assuming would be the better choice.Ignored
DislikedSlept through a big move down, which seems to be a trend for me lately, but closed both of my short positions from last week for profit. Re-entered long at EUR/CHF 1.5883.Ignored
Dislikedspieler and all the "spieler turtles", I heard some guy speaking about being a "Jacko turtle". Don't ask me who Jacko is as I do not know. MAybe he is learning to trade from micahel jackson. fed funds rate announcement tomorrow, Spieler did you say you stay away during interest rate announcement? Or its only interest rate affecting either EUR or CHF. as in this case USD is neutralised so it shouldn't matter?Ignored
DislikedI'm not an expert like Spieler but I'm wondering of you are not eliminating the USD risk by taking 1.4 or 1.5 lots of USD/CHF for every 1 lot of EUR/USD? I think that this would've helped your profit position on all three trades closed. For instance, with the 3rd position you list your USD/CHF position would've been +270 pips instead of +193 which would've moved your profit on that 1 position up to +88 pips. That is using a 1.4 ratio which I'm assuming would be the better choice.Ignored
Dislikedratio is only there to be $ neutral
1long eur/usd is about being short of 160000$ if you buy usd/chf you are only long 100000$
My strategy , derived from my long professional experience in spread futures, has to be market neutral if possible.Ignored
Dislikedtiti_123,
See the quote above from Spieler. I don't know how to explain it any differently. This was back when EUR/USD was trading around 1.59-1.60. Now the ratio would be 1.4 because thats where the EUR/USD is trading now.Ignored
DislikedOne quick way is to divide the close of EURUSD BY the close of USDCHF.
I take the actual market value of the 2 and then divide them.
BRIgnored
DislikedWAS VERY BUSY today but had time to make a very nice winning long trade
volatility is back that s fine allowing us to make a lot of trades per weekIgnored
DislikedWAS VERY BUSY today but had time to make a very nice winning long trade
volatility is back that s fine allowing us to make a lot of trades per weekIgnored