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Hedge trading spieler system derived from futures spread trading

  • #1,881
  • Edited 4:15am Sep 30, 2008 3:47am | Edited 4:15am
"Read it all over and start from the beginning. No one can really explain it , you have to let it sink in..."

When i read things like that i am furious

Every question have been answered several times. Some members took some time to make resume etc etc

If after that you cannot figure out how to entry the trades there is a real problem i cannot fix .
Sorry
  • #1,882
  • Sep 30, 2008 4:17am Sep 30, 2008 4:17am
ok I shall keep reading until I get it...


what about this for a simple minded person like me.. lol

buy 1 lot at -0.5% TP - 0%
buy 2 lot at -1% TP - -0.5%
buy 3 lot at -1.5% TP - -0.75%
buy 6 lot at -2.5% TP - -1%
buy 12 lot at -4% TP - -2%

something like this??

anybody tried it?

what was the max % change that was recorded in eurchf historically?

I'm just looking for ppl's opinions thats all.
cheers
  • #1,883
  • Sep 30, 2008 4:35am Sep 30, 2008 4:35am
Simple minded hum i dont think so but a little bit lazzy hum perhaps ?

Trading is a hard job so do your homework , no need to read everything you can find on the thread documents to download with everything instead of reading all the posts
  • #1,884
  • Sep 30, 2008 6:16am Sep 30, 2008 6:16am
I have three lots now, waiting for 1.5832 to close the last one or 1.5714 to open another lot. I will get out at break even earlier if I can.
  • #1,885
  • Sep 30, 2008 10:13am Sep 30, 2008 10:13am
I've been away from the computer for a while and when I came back I realized that the price has hit the exit of todays short trade ... but then pulled back again ... grrr. hope it gets back to 1,5717.
plus my re-entry of yesterdays long will be around 1,5700 if it ever gets there ... strange movements lately
  • #1,886
  • Sep 30, 2008 10:45am Sep 30, 2008 10:45am
So I start understanding your frustration Spieler when after 120+ pages we still have people asking these questions over and over again...

and so please refer to the following resume of most of this thread:

Enjoy
BD
Attached File(s)
File Type: doc Spieler's Trading System Summary.doc   208 KB | 2,652 downloads
  • #1,887
  • Sep 30, 2008 1:02pm Sep 30, 2008 1:02pm
Quoting boeingdriver
So I start understanding your frustration Spieler when after 120+ pages we still have people asking these questions over and over again...

and so please refer to the following resume of most of this thread:

Enjoy
BD
I think it could be of some help for newcomers if Spieler could modify first post attaching this very useful document.
  • #1,888
  • Sep 30, 2008 1:34pm Sep 30, 2008 1:34pm
opened 2nd short for todays trade at 1,5820
  • #1,889
  • Sep 30, 2008 3:01pm Sep 30, 2008 3:01pm
Members

A big thank you to Spieler for sharing this trading strategy. I have been trading it for a month now (live) and have not had a losing position (yesterday included). Must admit I closed out at 1.5828 (just now) and still made on the position - I had had enough.

If you work to the rules, use some common sense, the strategy works and once again a big thank you to Spieler ( a professional who took the time to work through the process with us day trader wannabes)

For those who are new to the thread - please read the entire thread - as I did - not understanding it is really part of the process of learning the strategy. As you work through the methodology, practice on your demo account and then if you wish proceed to a live account.

Happy trading !!

Bader
  • #1,890
  • Sep 30, 2008 7:14pm Sep 30, 2008 7:14pm
Closed the 3rd long position for profit. Still holding 1st and 2nd long positions.
  • #1,891
  • Sep 30, 2008 8:25pm Sep 30, 2008 8:25pm
I received an email from IBFX

STANDARD LOT
PAIR BUY SELL
AUD/CAD -12.63 -0.99
AUD/CHF -10.51 -2.63
AUD/JPY -8.89 -4.22
AUD/NZD -24.75 8.73
AUD/USD -12.70 4.00
CHF/JPY 6.78 -16.78
EUR/AUD -17.58 -13.51
EUR/CAD -24.57 0.21
EUR/CHF -20.80 -2.71
EUR/DKK -11.82 -47.31
EUR/GBP -28.58 6.81
EUR/HKD -21.08 0.04
EUR/JPY -17.91 -5.54
EUR/NZD -46.16 17.52
EUR/USD -24.70 9.10
GBP/CHF 2.02 -19.83
GBP/JPY 5.68 -23.41
GBP/NZD -30.02 5.74
GBP/USD -2.90 -4.90
NZD/CHF 5.85 -15.81
NZD/JPY 7.23 -17.16
NZD/USD 4.00 -10.20
USD/CAD 0.09 -6.31
USD/CHF 2.77 -8.39
USD/CZK 0.18 -0.19
USD/DKK 9.15 -40.08
USD/HKD 2.58 -6.44
USD/JPY 4.82 -10.40
USD/MXN -11.74 7.83
USD/PLN 7.47 -11.83
USD/SGD 0.00 -13.99
USD/ZAR -26.05 18.77
  • #1,892
  • Sep 30, 2008 9:10pm Sep 30, 2008 9:10pm
I got that too. Can't understand why I would have to pay swap going long on AUD/JPY and EUR/JPY but will still collect swap on CHF/JPY.
  • #1,893
  • Sep 30, 2008 9:51pm Sep 30, 2008 9:51pm
It seems that many brokers have changed their rates. I checked several.


Quoting Big1red9
I received an email from IBFX

STANDARD LOT
PAIR BUY SELL
AUD/CAD -12.63 -0.99
AUD/CHF -10.51 -2.63
AUD/JPY -8.89 -4.22
AUD/NZD -24.75 8.73
AUD/USD -12.70 4.00
CHF/JPY 6.78 -16.78
EUR/AUD -17.58 -13.51
EUR/CAD -24.57 0.21
EUR/CHF -20.80 -2.71
EUR/DKK -11.82 -47.31
EUR/GBP -28.58 6.81
EUR/HKD -21.08 0.04
EUR/JPY -17.91 -5.54
EUR/NZD -46.16 17.52
EUR/USD -24.70 9.10
GBP/CHF 2.02 -19.83
GBP/JPY 5.68 -23.41
GBP/NZD -30.02 5.74
GBP/USD -2.90 -4.90
NZD/CHF 5.85 -15.81
NZD/JPY 7.23 -17.16
NZD/USD 4.00 -10.20
USD/CAD 0.09 -6.31
USD/CHF 2.77 -8.39
USD/CZK 0.18 -0.19
USD/DKK 9.15 -40.08
USD/HKD 2.58 -6.44
USD/JPY 4.82 -10.40
USD/MXN -11.74 7.83
USD/PLN 7.47 -11.83
USD/SGD 0.00 -13.99
USD/ZAR -26.05 18.77
  • #1,894
  • Oct 1, 2008 12:57am Oct 1, 2008 12:57am
These changes will not last .
They are in perfect correlation with the interbankmarket which is very tough.
Nobody wants to grant money to an other bank even for short term or they have to pay a lot ( risk prime).
This is a big issue in europe where banks are very solid ( in France for exemple majority of banks are still making profits) but can get liquidity short term problem even if they have 10 times solid assets as collateral.

As soon as the volatility will lower ( check the VIX, if the vix goes over 50 my advice will be to buy all the equity indexes like S&P, eurostoxx.. HUGE profits will follow) everything will be back to normal.
  • #1,895
  • Oct 1, 2008 2:12am Oct 1, 2008 2:12am
I see too that a lot of brokers are changing their swap rates, what it's a robbery is FXDD that now charge negative swap on both side (long and short) for EURUSD and USDCHF , infact I'm planning to close account with them.
  • #1,896
  • Oct 1, 2008 2:26am Oct 1, 2008 2:26am
well i use FXDD too, I had a long position open, when I noticed that my swap was not increasing but reducing !

very bad

BD
  • #1,897
  • Oct 1, 2008 5:11am Oct 1, 2008 5:11am
I wonder if there is any fully working EA for this strategy?

I have tried the v. 2.8.1 but it does not seem to work.
  • #1,898
  • Oct 1, 2008 6:22am Oct 1, 2008 6:22am
There is no ea for it. There are discretionary parts in it. Also, it is much better to trade/learn trading without ea or such things, generally speaking.
When you understand (and appreciate) the thesis behind this hedging play you can learn the skills by getting involved in the trading strategy and evolve with it by manually trading it, only.
  • #1,899
  • Oct 1, 2008 9:11am Oct 1, 2008 9:11am
1,5730 long 1 lot nervous market
  • #1,900
  • Oct 1, 2008 9:19am Oct 1, 2008 9:19am
1 lot long @ 1.5734

Hopefully it will be closed today because the roll-over is so much negative. I don't understand these rates, now short is positive
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