Hedge trading spieler system derived from futures spread trading | Page 114 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volume for indices, tick and the exchange derived volume 4 replies

Are quotes for minor pairs real or just derived from majors? 0 replies

Oanda spread versus MB Trading spread 27 replies

HOW TO PLOT derived cross 0 replies

Derived Currency Strength Indicator from multiple pairs 0 replies

Attachments: Hedge trading spieler system derived from futures spread trading
Exit Attachments

Hedge trading spieler system derived from futures spread trading

  • #2,261
  • Dec 1, 2008 9:08pm Dec 1, 2008 9:08pm
Quoting spieler
Same with trades details to be more understandable and to avoid people saying fake statements
Not sure if you mentioned it earlier but if you wanted to start another thread with the GBP/USD trade you have been working I'd love to see it.
  • #2,262
  • Dec 2, 2008 1:33am Dec 2, 2008 1:33am
i did not take any trades but was only observing the decorealation. it went up to -1.45 but this morning when i woke up the indicator is showing -0.08 but the eurchf is still going down. i did not understand this. can anyone please explain. is it cause of year end when things are haphazard or what?
thx
  • #2,263
  • Dec 2, 2008 6:16am Dec 2, 2008 6:16am
Quoting spieler
I am always amazed how some people can be so ignorants and they think they can be winners in trading.............

I am a greedy broker but look my thursday statement and if in your whole life you win in trading this kindda of money you will be a not so bad trader .

This statement has nothing to do with the strategy you are so vigorously promoting.
  • #2,264
  • Dec 2, 2008 6:29am Dec 2, 2008 6:29am
Quoting miosono1
This statement has nothing to do with the strategy you are so vigorously promoting.
I have been around this thread from the beginning and Spieler has never (NEVER) claimed that this strategy is risk-free nor that you cannot have loosing trades. He has however claimed that it is relative stress free which I agree too. Overall a very good strategy but it WILL take you time to master.

Note: If you are promoting something you are selling something this is not the case here.
There are no certainties only oppurtunities.
  • #2,265
  • Edited Dec 3, 2008 2:12am Dec 2, 2008 9:45am | Edited Dec 3, 2008 2:12am
OK, let's see what this baby can do...

I am live at the following:

0.53% short EUR-USD 100,000 @ 1.2673 & short USD-CHF 150,000 @ 1.2051
0.78% short EUR-USD 100,000 @ 1.2698 & short USD-CHF 150,000 @ 1.2058

Edit:

1.02% short EUR-USD 100,000 @ 1.2694 & short USD-CHF 150,000 @ 1.2084



El Choco.
  • #2,266
  • Dec 2, 2008 1:44pm Dec 2, 2008 1:44pm
Quoting elchoco
What are your criteria for deciding to take profit on the whole position at a return to -0.5% from -1.0% ???

Wouldn't you be expecting/hoping it would return to 0.0% to make a profit on the first trade placed at -0.5%??

Only in hindsight would you know the price never returned to 0.0% until much much later.

elchoco
Still trying to get clear on this. If we build up a position as divergence increases to (eg) 1%, then how do we know whether to take profit early if it drops to 0.5% or whether to wait for a return to 0% ??

You could choose either option, I'm interested to know the criteria people use to decide.
  • #2,267
  • Dec 2, 2008 9:09pm Dec 2, 2008 9:09pm
Quoting elchoco
Still trying to get clear on this. If we build up a position as divergence increases to (eg) 1%, then how do we know whether to take profit early if it drops to 0.5% or whether to wait for a return to 0% ??

You could choose either option, I'm interested to know the criteria people use to decide.
The way I understand it the plan is to close out each position after it moves .25% in the desired direction.
  • #2,268
  • Dec 2, 2008 9:10pm Dec 2, 2008 9:10pm
Closed the 3rd position in profit, not just holding 2 long positions.
  • #2,269
  • Edited 7:16am Dec 3, 2008 2:13am | Edited 7:16am
Quoting elchoco
I am live at the following:

0.53% short EUR-USD 100,000 @ 1.2673 & short USD-CHF 150,000 @ 1.2051
0.78% short EUR-USD 100,000 @ 1.2698 & short USD-CHF 150,000 @ 1.2058
1.02% short EUR-USD 100,000 @ 1.2694 & short USD-CHF 150,000 @ 1.2084
OK, here's good learning point, just woken up, diversion is now -0.02%. 5 of the 6 positions are at a loss. total P/L -839GBP

Edit:

Diversion now -0.31%
P/L Short EUR-USD positions = +1,211
P/L Short USD-CHF psotions = -1,229

Edit:

Closed out long USD-CHF Positions for total loss of -877GBP
Riding short EUR-USD positions.
  • #2,270
  • Dec 3, 2008 4:58am Dec 3, 2008 4:58am
Quoting mackus
Closed the 3rd position in profit, not just holding 2 long positions.
Just opened 3rd long position again.
  • #2,271
  • Dec 3, 2008 6:54am Dec 3, 2008 6:54am
Quoting mackus
Just opened 3rd long position again.
Closed 3rd position in profit. Holding 2 long positions.
  • #2,272
  • Dec 3, 2008 7:50am Dec 3, 2008 7:50am
Quoting elchoco
OK, here's good learning point, just woken up, diversion is now -0.02%. 5 of the 6 positions are at a loss. total P/L -839GBP

Edit:

Diversion now -0.31%
P/L Short EUR-USD positions = +1,211
P/L Short USD-CHF psotions = -1,229

Edit:

Closed out long USD-CHF Positions for total loss of -877GBP
Riding short EUR-USD positions.

I strongly suggest that you spend a week and read the posts starting with #1. What you have been and are doing has nothing to do with this teaching.
BR
  • #2,273
  • Dec 3, 2008 10:37am Dec 3, 2008 10:37am
Quoting Big1red9
I strongly suggest that you spend a week and read the posts starting with #1. What you have been and are doing has nothing to do with this teaching.
BR
How dreadfully patronising.
  • #2,274
  • Dec 4, 2008 3:02am Dec 4, 2008 3:02am
Quoting elchoco
How dreadfully patronising.
Not really El choco. There are excellent summaries attached in the thread, they will give you a quick recap.
There are no certainties only oppurtunities.
  • #2,275
  • Dec 4, 2008 4:42am Dec 4, 2008 4:42am
Quoting mackus
Closed 3rd position in profit. Holding 2 long positions.
Closed 2nd position in profit yesterday. Still holding 1 long position. Overall trade is very slightly negative but still working.
  • #2,276
  • Dec 4, 2008 2:24pm Dec 4, 2008 2:24pm

This will be a small contribution for all those who still have difficulty in understanding this system... The two graphs below are the results of my research on the best way to trade with this system!!!

*Note in particular the tools used to the "one leg stuff"...

Good trade to all of you, and remember the holidays are close it's time to relax!!!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHF.gif Size: 65 KB
Click to Enlarge Name: EURUSD.gif Size: 48 KB
  • #2,277
  • Dec 4, 2008 3:40pm Dec 4, 2008 3:40pm
Could you please post your indicators


Quoting Stake

This will be a small contribution for all those who still have difficulty in understanding this system... The two graphs below are the results of my research on the best way to trade with this system!!!

*Note in particular the tools used to the "one leg stuff"...

Good trade to all of you, and remember the holidays are close it's time to relax!!!

  • #2,278
  • Dec 5, 2008 11:44am Dec 5, 2008 11:44am

I have worked for a long time on this system, I apologize for my stupid questions sometimes and I understand why Mr. Spieler has never responded ...
I finally found my way to trade with this system, always taking into account the rules of the system I have developed same tools of my own style of trading ...
I also created scripts that allow me to open market orders from any symbol window with just one press of a keyboard...

Now I can get very good results, perhaps this means that you should not look for a system packaged and hope in the holy grail, we can share ideas and the general rules of a system or a method but once again will be our studies and our commitment to give us maybe some satisfactory result!

Mr Spieler, thanks again for sharing with us your knowledge...
Regards.

Stake*

  • #2,279
  • Dec 8, 2008 5:18am Dec 8, 2008 5:18am
All closed out of the long positions for profit. Started a short trade on Friday, now sitting on 2 short positions. I've been waiting .50% or more between positions.
  • #2,280
  • Dec 10, 2008 10:06am Dec 10, 2008 10:06am
Hi Folks,

I have read nearly all threads about SPielrs System.
I know the levels ( ,25 ....) , I know about the legs....
But I really dont know one:
Lets say, I have entered long at -0,25% then I entered into another trade at -0,50%
then the market moves back to -0,25%
Do I close all positions or just close the position which I have opened at -0,50%

Thanks for your help
Frank
0 traders viewing now