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Hedge trading spieler system derived from futures spread trading

  • #1,901
  • Oct 1, 2008 9:21am Oct 1, 2008 9:21am
JUST A TEMPORARY INTERMARKET PROBLEM AS FOR THE SWAP

Market very nervous that s why i waited -0,45% before going long and pace was so fast
  • #1,902
  • Edited 6:57pm Oct 1, 2008 9:35am | Edited 6:57pm
opened 1st long at 1,5744

2nd long around 1,5700 - 1,5680 .... too bad, I missed this entry. I was waiting for 1,5680


about to close yesterdays 1st short at 1,4717
2nd short already closed at 1,5770

still 2 long positions open from monday, which I probably should have closed breakeven ....

edit: closed todays long at 1,5784, also closed the two remaining longs from monday. made a good overall profit from monday until today. I have to call it a week because I won't be able to be around the computer on friday. that's why I don't want to enter trades tomorrow, because if they don't get closed on thursday, the nfp friday may mess up my account without surveillance.
  • #1,903
  • Oct 1, 2008 12:02pm Oct 1, 2008 12:02pm
Quoting spieler
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.
I don't know Spieler, this is starting to look like an ice age or something. Prime driver of everything is housing, real estate and it's going down the toilet big time. Hope you are right though.
There are no certainties only oppurtunities.
  • #1,904
  • Oct 1, 2008 4:29pm Oct 1, 2008 4:29pm
Thank you for posting Spieler.

Please continue to post your market wisdom and market sentiment.

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #1,905
  • Oct 1, 2008 8:22pm Oct 1, 2008 8:22pm
It is good to sleep and when back having a big profit closed

Yesterday i took the long position on the eur/chf and not on the 2 legs because on this account i did not want to pay 2 times the swapp after the changes.
i had a target at 1,5779 ( dont ask me why 79 lol) and target have been reached during the night.
SO i am cash again with a nice 50 pips profit on one account and 70 on an other one ( enter at 12 and target at 82 on that one).

THis is the discretiony part but still 100% logical with the system.

If not playing the one leg stuff you can now enter on eur/chf directly as swaps are so bad so that it i seasier for you to put profit target
  • #1,906
  • Oct 1, 2008 11:13pm Oct 1, 2008 11:13pm
OANDA as of today has not significantly changed their swap rates. The online rep said they have not heard of any plans for a change.
  • #1,907
  • Oct 2, 2008 2:30am Oct 2, 2008 2:30am
Quoting spieler
It is good to sleep and when back having a big profit closed

Yesterday i took the long position on the eur/chf and not on the 2 legs because on this account i did not want to pay 2 times the swapp after the changes.
i had a target at 1,5779 ( dont ask me why 79 lol) and target have been reached during the night.
SO i am cash again with a nice 50 pips profit on one account and 70 on an other one ( enter at 12 and target at 82 on that one).

THis is the discretiony part but still 100% logical with the system.

If not playing the one leg stuff you can now enter on eur/chf directly as swaps are so bad so that it i seasier for you to put profit target
Spieler, that's an interesting idea. How much lots would you recommend trading on the EUR/CHF?
  • #1,908
  • Oct 2, 2008 2:48am Oct 2, 2008 2:48am
Quoting Big1red9
OANDA as of today has not significantly changed their swap rates. The online rep said they have not heard of any plans for a change.
Yes It seems that only metatrader bucket shop broker like FXDD,InterbankFX and similar are changing swap rates to stole more money from thier clients.
  • #1,909
  • Oct 2, 2008 3:01am Oct 2, 2008 3:01am
i tried a long at 152,16 but could not get a fill .
So am long now at 152,20 directly on eur/chf

AS for position size it should be the same as if playing the 2 legs no more no less
  • #1,910
  • Oct 2, 2008 4:03am Oct 2, 2008 4:03am
Quoting spieler
i tried a long at 152,16 but could not get a fill .
So am long now at 152,20 directly on eur/chf

AS for position size it should be the same as if playing the 2 legs no more no less
Spieler,

I think the position size shud not be the same when playing EUR/CHF alone. Correct me if I am wrong. Below is my reasoning...

I had a BUY position @ 1.5808 and the price has dropped to 1.5736 so it is a 72 pips drop.That position on Oanda had EUR/USD(800 units) & USD/CHF(1145 units) with a floating loss of $5.79.

Lets say I was buying EUR/CHF at that time @ 1.5808 with 1945 units, my floating loss would be $14.00 (1945 units=$0.1945 X 72 pips).

That is a lot of difference as far as MM is concern.

I think to be conservative on MM, the position size playing only EUR/CHF shud be about that of the EUR/USD leg only which translate to... 72 pips X $0.08=$5.76 floating loss almost the same as the floating loss of the 2 legs position.

What say you all?
  • #1,911
  • Oct 2, 2008 4:20am Oct 2, 2008 4:20am
i did not say position should be the same as the addition of the 2 positions.
  • #1,912
  • Oct 2, 2008 4:28am Oct 2, 2008 4:28am
Quoting skyline
Yes It seems that only metatrader bucket shop broker like FXDD,InterbankFX and similar are changing swap rates to stole more money from thier clients.

Dont forget FXCM.. thay r too
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,913
  • Oct 2, 2008 4:28am Oct 2, 2008 4:28am
Quoting spieler
i did not say position should be the same as the addition of the 2 positions.
Sorry, I understood your post as taking the total of the 2 legs.
  • #1,914
  • Oct 2, 2008 4:42am Oct 2, 2008 4:42am
i am waiting 157,60 to get out
  • #1,915
  • Oct 2, 2008 5:34am Oct 2, 2008 5:34am
hello Spieler thank you for sharing.

Excuse me if you have response this before.

If I enter for example on -0.75% and close position when I got -0.50% but EURCHF goes another time to -0.75% I have to enter long another time?

thank you again.
  • #1,916
  • Oct 2, 2008 5:45am Oct 2, 2008 5:45am
too bad 157,52 and 157,11 behind
  • #1,917
  • Oct 2, 2008 5:58am Oct 2, 2008 5:58am
Quoting spieler
i tried a long at 152,16 but could not get a fill .
So am long now at 152,20 directly on eur/chf

AS for position size it should be the same as if playing the 2 legs no more no less

Thanks. So I'll just use the same position size I use for the EUR/USD.
  • #1,918
  • Oct 2, 2008 6:52am Oct 2, 2008 6:52am
Quoting spieler
i tried a long at 152,16 but could not get a fill .
So am long now at 152,20 directly on eur/chf

AS for position size it should be the same as if playing the 2 legs no more no less

Is there any specific reason or criteria you use to go long eurchf outright instead of the hedge position?
  • #1,919
  • Oct 2, 2008 6:53am Oct 2, 2008 6:53am
Quoting FXSnipe
Is there any specific reason or criteria you use to go long eurchf outright instead of the hedge position?

I may be wrong, but I think it's because of the ridiculous swap rates we've been seeing lately on some brokers.
  • #1,920
  • Oct 2, 2008 9:30am Oct 2, 2008 9:30am
If going with EURCHF....

Limit orders could be used to help manage trades when your not glued to the computer.

Never operated with limit orders in Forex before...any problems with that??


BR
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