Classic FX

[Depth Trade]

Have entered following positions.

Total position value is 82.512% of account balance.
Margin used is 1.643% of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 29.742%
price 1,2715.1

Jpy 35.129%
price 118,03

Chf 35,129%
price 1,2543




Classic Fx +0.336%
(start date 22/09/06)

Have consolidated my position.
Have exited following position.
Still holding Yen position.

Chf
Out at 1,2404



Classic FX +0.336
(start date 22/09/06)

 

[muckyouraces]

technical or fundamental

Why do you have the positions you do? what analysis do you use to enter a trade? fundamental, technical, or both? If so, what criteria are you looking for to enter a trade? Why are you always in multiple currency positions at once? Is that to hedge yourself? What currency pairs are hedges against others? thanks for the help.

Have entered following positions.

Total position value is 100.290 % of account balance.
Margin used is 2.027 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 24.131 %
price 1,2506
s/l 1.2806

Jpy 28.958 %
price 119,68.5
s/l 116,68.5

Gbp 17.954 %
price 1,8558.6
1,8858.6

Chf 28.957 %
price 1,2744
s/l 1,2444



Classic FX + 0.187 % (start date 22/09/06)

 

[Depth Trade]

Why do you have the positions you do? what analysis do you use to enter a trade? fundamental, technical, or both? If so, what criteria are you looking for to enter a trade? Why are you always in multiple currency positions at once? Is that to hedge yourself? What currency pairs are hedges against others? thanks for the help.

Hello Ace good after noon, thanks for taking interest in my thread.

Action>Reaction
Currency price is just a reflection/reaction of other fundamentals that are moving the market, but these moves happening are technical in nature. That is, the actual move driving the market is like a gear churning another gear, so from this aspect it does all come down to technicals.
The problem is that most traders are so far from technically analyzing the right products, that anything outside of the technical analysis at hand (immediate FX pair being traded) is considered Fundamental analysis.

, So I guess Technical analysis of Fundamentals is the answer. This is not the correct answer though.
One needs to think of all the products that could affect the currency being traded, then be-able to cross examine that product with other products accociated with currency for re-affirmation of actual price value.
As for hedging. The position are not out-right hedges, but more as a hedge against the strategy: to play out. This is only because not all the pairs move at the same pips value. One pair can average 50 pips per day while another averages 100 pips. For this reason I think of the positions as 'rolling over each other', making up for the different valuations by eventually playing out separately in a profitable manner.

Ace I hope this answers your question. If not feel free to contact me.

 

[Depth Trade]

Have entered following positions.

Total position value is 82.512% of account balance.
Margin used is 1.643% of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 29.742%
price 1,2715.1

Jpy 35.129%
price 118,03

Chf 35,129%
price 1,2543




Classic Fx +0.336%
(start date 22/09/06)

Have exited last position.

Jpy
Out at 117,57.5



Classic FX +0.000%
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 101.748 % of account balance.
Margin used is 2.039 % of account balance.

Position % value of each pair, in relation to overall position value.

Long versus the Usd:

Eur 24.523 %
price 1,2846.5

Jpy 28.626 %
price 118,60.2

Gbp 18.225 %
price 1,9113.9

Chf 28.626 %
price 1,2405



Classic Fx +0.000%
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 101.748 % of account balance.
Margin used is 2.039 % of account balance.

Position % value of each pair, in relation to overall position value.

Long versus the Usd:

Eur 24.523 %
price 1,2846.5

Jpy 28.626 %
price 118,60.2

Gbp 18.225 %
price 1,9113.9

Chf 28.626 %
price 1,2405



Classic Fx +0.000%
(start date 22/09/06)

Am consolidating my positions.
Have exited following position.


Out of Gbp
at 1.8948



Classic Fx +75.8 pips, +0.000%
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 101.748 % of account balance.
Margin used is 2.039 % of account balance.

Position % value of each pair, in relation to overall position value.

Long versus the Usd:

Eur 24.523 %
price 1,2846.5

Jpy 28.626 %
price 118,60.2

Gbp 18.225 %
price 1,9113.9

Chf 28.626 %
price 1,2405



Classic Fx +0.000%
(start date 22/09/06)

Out of positions.


Eur
Out at 1,2818.4

Jpy
Out at 117,78.5

Gbp
Out at 1,8948

Chf
Out at 1,2453



Classic FX -248.2 pips, -0.291%
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 101.850 % of account balance.
Margin used is 2.045 % of account balance.

Position % value of each pair, in relation to overall position value.

short versus the Usd:

Eur 24.570 %
price 1,2819.4

Jpy 28.681 %
price 117,77.9

Gbp 18.164 %
price 1,8943

Chf 28.681 %
price 1,2450



Classic Fx - 248.2 pips, - 0.291 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 101.850 % of account balance.
Margin used is 2.045 % of account balance.

Position % value of each pair, in relation to overall position value.

short versus the Usd:

Eur 24.570 %
price 1,2819.4

Jpy 28.681 %
price 117,77.9

Gbp 18.164 %
price 1,8943

Chf 28.681 %
price 1,2450



Classic Fx - 248.2 pips, - 0.291 %
(start date 22/09/06)

Stops were triggered on following positions.



Eur
Out at 1,2878.8

Jpy
Out at 117,13

Chf
Out at 1,2357



Classic FX -248.2, -0.291%
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 101.850 % of account balance.
Margin used is 2.045 % of account balance.

Position % value of each pair, in relation to overall position value.

short versus the Usd:

Eur 24.570 %
price 1,2819.4

Jpy 28.681 %
price 117,77.9

Gbp 18.164 %
price 1,8943

Chf 28.681 %
price 1,2450



Classic Fx - 248.2 pips, - 0.291 %
(start date 22/09/06)

Now out of final position.

Gbp
Out at 1,9155.5


Classic FX -678 pips, -0.874 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 22.919 % of account balance.
Margin used is 0.490 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

aud 100 %
price ,7788



Classic Fx - 678 pips, - 0.874 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 22.919 % of account balance.
Margin used is 0.490 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

aud 100 %
price ,7788



Classic Fx - 678 pips, - 0.874 %
(start date 22/09/06)

Have entered a Yen position.
Currently held positions.


Have entered following positions.

Total position value is 52.302 % of account balance.
Margin used is 1.077 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

aud 43.820 %
price ,7788

Jpy 56.180%
price 116,08.3




Classic Fx - 678 pips, - 0.874 %
(start date 22/09/06)

 

[Depth Trade]

Have added Chf position.

Have entered following positions.

Total position value is 81.685 % of account balance.
Margin used is 1.649 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

aud 28.177 %
price ,7788

Jpy 35.971%
price 116,08.3

Chf 35.971 %
Price 1,2095




Classic Fx - 678 pips, - 0.874 %
(start date 22/09/06)

 

[Depth Trade]

Have added Chf position.

Have entered following positions.

Total position value is 81.685 % of account balance.
Margin used is 1.649 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

aud 28.177 %
price ,7788

Jpy 35.971%
price 116,08.3

Chf 35.971 %
Price 1,2095




Classic Fx - 678 pips, - 0.874 %
(start date 22/09/06)

Out of positions.

Aud
Out at ,7887

Jpy
Out at 115,41.6

Chf
Out at 1,1932


Classic FX -349.3 pips, +0.100%
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 133.851 % of account balance.
Margin used is 2.716 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

Eur 19.348 %
Price 1,3337.1

Jpy 21.739 %
Price 115,38.9

Gbp 14.348 %
Price 1,9802.6

Chf 21.739 %
Price 1,1928

Aud 22.826 %
Price ,7890


Classic FX -349.3 pips, +0.100 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 133.851 % of account balance.
Margin used is 2.716 % of account balance.

Position % value of each pair, in relation to overall position value.

long versus the Usd:

Eur 19.348 %
Price 1,3337.1

Jpy 21.739 %
Price 115,38.9

Gbp 14.348 %
Price 1,9802.6

Chf 21.739 %
Price 1,1928

Aud 22.826 %
Price ,7890


Classic FX -349.3 pips, +0.100 %
(start date 22/09/06)

Have exited positions.

Eur
Out at 1,3205.6

Jpy
Out at 116,40.4

Gbp
Out at 1,9543.9

Chf
Out at 1,2042

Aud
Out at ,7853



Classic FX - 992 pips, - 1.068 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 134.838 % of account balance.
Margin used is 2.650 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 19.214 %
Price 1,3205.1

Jpy 21.834 %
Price 116,40.4

Gbp 14.265 %
Price 1,9543.4

Chf 21.834 %
Price 1,2044

Aud 22.853 %
Price ,7852


Classic FX - 992 pips, - 1.068 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 134.838 % of account balance.
Margin used is 2.650 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 19.214 %
Price 1,3205.1

Jpy 21.834 %
Price 116,40.4

Gbp 14.265 %
Price 1,9543.4

Chf 21.834 %
Price 1,2044

Aud 22.853 %
Price ,7852


Classic FX - 992 pips, - 1.068 %
(start date 22/09/06)

Out of positions.


Eur
Out at 1,3079.5

Jpy
Out at 118,10.6

Gbp
Out at 1,9517.2

Chf
Out at 1,2219

Aud
Out at ,7815


Classic FX -458 pips, +0.292 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 132.527 % of account balance.
Margin used is 2.614 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 19.138 %
Price 1,3077.6

Jpy 21.914 %
Price 118,12.9

Gbp 14.244 %
Price 1,9513.3

Chf 21.914 %
Price 1,2222

Aud 22.863 %
Price ,7814


Classic FX -458 pips, +0.292 %
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.

Total position value is 132.527 % of account balance.
Margin used is 2.614 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Eur 19.138 %
Price 1,3077.6

Jpy 21.914 %
Price 118,12.9

Gbp 14.244 %
Price 1,9513.3

Chf 21.914 %
Price 1,2222

Aud 22.863 %
Price ,7814


Classic FX -458 pips, +0.292 %
(start date 22/09/06)

Still holding above positions.

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Recommended studying: money management publications I-III located on left side column.
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CURRENCY BID/ ASK DATE (as of 19/12/06)
AUD 6.0000/ 6.3750 Thu Nov 9 13:21:47 2006
GBP 4.8500/ 5.0500 Thu Nov 9 07:07:21 2006
EUR 3.1000/ 3.4000 Thu Dec 7 09:24:40 2006
JPY 0.0000/ 0.3700 Wed Sep 13 03:47:24 2006
CHF 1.7000/ 2.2500 Thu Dec 14 04:09:35 2006
USD 4.8250/ 5.3750 Mon Jul 3 15:28:28 2006




Global Economic Calendar
Date Time * Source Description Forecast Previous

12/19/2006 00:30 UK RICS House Price Balance n/a n/a
12/19/2006 06:00 JPN BOJ Monthly Report n/a n/a
12/19/2006 12:00 CAN Consumer Price Index YoY 1.7% 0.9%
12/19/2006 13:30 US Producer Price Index (YoY) n/a -1.6%
12/19/2006 13:30 US Housing Starts 1550K 1486K
12/19/2006 13:30 US Building Permits 1535K 1553K
12/19/2006 13:30 US PPI Ex Food and Energy (YoY) n/a 0.6%
12/19/2006 21:45 NZ Current Account Balance 3Q n/a -3.084B
12/19/2006 22:00 US ABC Consumer Confidence n/a n/a
12/19/2006 23:30 AUS Westpac Leading Index (MoM) n/a 0.4%
12/20/2006 00:00 AUS DEWR Skilled Vacancies MoM n/a -0.1%
12/20/2006 07:00 JPN Convenience Store Sales YoY n/a -0.7%
12/20/2006 08:30 EU Jean-Claude Trichet Speech to the Committee on Economic and Monetary Affairs n/a n/a
12/20/2006 09:30 UK Bank of England Minutes n/a n/a
12/20/2006 09:30 UK Total Business Investment (YoY) n/a n/a
12/20/2006 09:30 UK Public Finances (PSNCR) n/a -8.4B
12/20/2006 09:30 UK Public Sector Net Borrowing n/a -1.6B
12/20/2006 09:30 UK M4 Money Supply (YoY) n/a 14.1%
12/20/2006 09:30 UK M4 Sterling Lending (BP) n/a 7.9B
12/20/2006 09:30 UK CML, BBA &BSA Mortgage Lending Figures n/a n/a
12/20/2006 11:00 UK CBI December Distributive Trades Survey n/a n/a
12/20/2006 12:00 US MBA Mortgage Applications n/a n/a
12/20/2006 13:30 CAN Wholesale Sales MoM n/a -1.6%
12/20/2006 21:45 NZ Gross Domestic Product (QoQ) n/a 0.5%
12/20/2006 23:50 JPN Merchnds Trade Balance Total n/a Yen610.6B
12/20/2006 23:50 JPN All Industry Activity Index n/a -0.9%
12/21/2006 00:00 AUS Speech by the Governor: Inaugural Lecture hosted by the Melbourne Centre for Financial Studies, Australia n/a n/a
12/21/2006 00:30 AUS RBA Foreign Exchange Transactn n/a A$233M
12/21/2006 02:00 NZ Credit Card Spending (YoY) n/a 8.9%
12/21/2006 09:30 UK GDP (YoY) n/a 2.7%
12/21/2006 09:30 UK Current Account (BP) n/a -7.0B
12/21/2006 13:30 US GDP Annualized 2.2% 2.2%
12/21/2006 13:30 US GDP Price Index 1.8% 1.8%
12/21/2006 13:30 CAN Gross Domestic Product MoM n/a -0.3%
12/21/2006 13:30 US Retail Sales MoM -0.5% -1.2%
12/21/2006 13:30 US Personal Consumption n/a 2.9%
12/21/2006 13:30 US Core PCE QoQ n/a 2.2%
12/21/2006 13:30 US Initial Jobless Claims n/a n/a
12/21/2006 13:30 US Continuing Claims n/a n/a
12/21/2006 15:00 US Leading Indicators 0.0% 0.2%
12/21/2006 17:00 US Philadelphia Fed. 5.5 5.1
12/21/2006 23:00 AUS Conference Board Leading Index n/a 0.0%
12/22/2006 05:00 JPN BoJ Monetary Policy Meeting Minutes for October 31 n/a n/a
12/22/2006 05:00 JPN BoJ Monetary Policy Meeting Minutes for November n/a n/a
12/22/2006 09:00 EU ECB Euro-Zone Current Account n/a -0.3B
12/22/2006 10:00 EU Industrial New Orders YoY n/a 7.6%
12/22/2006 13:30 US Personal Income 0.4% 0.4%
12/22/2006 13:30 US Personal Spending 0.3% 0.2%
12/22/2006 13:30 US PCE Core (YoY) n/a 2.4%
12/22/2006 13:30 US Durable Goods Orders 1.0% -8.3%
12/22/2006 13:30 US Durables Ex Transportation 1.0% -1.7%
12/22/2006 13:30 US PCE Deflator (YoY) n/a 1.5%
12/22/2006 15:00 US U. of Michigan Confidence 90.7 90.2

4 Hours Pivot Points Summary Table
Currency H L C S3 S2 S1 P R1 R2 R3 Last Updated

EURUSD 1.3170 1.3127 1.3152 1.3086 1.3107 1.3129 1.3150 1.3172 1.3193 1.3215 16:30 GMT
USDJPY 118.29 117.89 118.18 117.55 117.72 117.95 118.12 118.35 118.52 118.75 16:30 GMT
GBPUSD 1.9641 1.9573 1.9606 1.9504 1.9539 1.9572 1.9607 1.9640 1.9675 1.9708 16:30 GMT
USDCHF 1.2205 1.2160 1.2182 1.2115 1.2137 1.2160 1.2182 1.2205 1.2227 1.2250 16:30 GMT
AUDUSD 0.7836 0.7813 0.7821 0.7788 0.7800 0.7811 0.7823 0.7834 0.7846 0.7857 16:30 GMT​