marmoset said:Been very bold here :-0
Cleaned out all shorts below 8000 with their safety hedges... Scraped off some barnacles, working on getting a clean slate to test new rules with. Screen looks much less cluttered now...
Current left-overs from "take no losses" days:
short .1 at 8238 (currently -385 pips)
short .1 at 8269 (currently -354 pips)
short .1 at 8344 (currently -279 pips)
short .2 at 8385 (currently -240 pips)
short .1 at 8452 (currently -174 pips)
short .1 at 8475 (currently -145 pips)
short .1 at 8494 (currently -126 pips)
total .8 short "short position" as in "position trading"
Strategy:
let .2 short ride down to low, close for additional margin.
hedge .8 by going long, add .2 long for additional margin up to Tokyo high.
If pre-Big Ben build-up evident, close .8 and .2, go long to BigBen starting point,
reverse, add .1 short for the ride down
close whatever positions can be closed with extras
reverse, hedge still open short position +.2 for London frenzy (expect it to be big)
Liquid nitrogen day ahead!
short .1 at 8644 closed at 8409: 35pips new rule
given that Tokyo low is around an hour away, no new position is added.
Aw, screw it, taking another .1 short down to pivot level, 8603 limit 8572 stop 8633, chalk it up to "Operation Barnacle".
trendie said:marmoset, you must have seriously deep pockets!!
I understand that you are hedging, ( actually I only understand "hedging", your combo longs/shorts etc, makes my head spin ), and have to say I could not do what you are doing.
one of the reasons I moved away from the Dow and other indices to FX, was because its predispostion to trend more than indices ( and thus more suited to my MA-Xs ).
hedging surely only works at its optimum in a predominantly sideways market ?
( greater chance of hitting longs and shorts leaving fewer open positions, whereas, in a predominantly trend-friendly market, you get left with long-heavy or short-heavy positions )
if you are making good money, I salute you.
where do you get your liquid-nitrogen, I could do with some ?
oh my gosh..........marmoset said:UK PPI coming up
closed long .1 8313 (thought it was 09) at 47 for 35pips (new rules)
went short .1 at 44 lim 09 sl 74, got closed out: -30
long .1 at 57 lim 92 sl 27
added entry short 8691 lim 56 sl 21
Cable sure delivers!
Target hit 25 pips - 3 spreadindexgold said:moved stop to 1,8665 from short 1,8655 .target still 25 points @ 1,8630
good call mateindexgold said:long EURUSD 1,2703,, target 15 and stop 15
marmoset said:closed 44 short at 39 for 1 pip, reversed with long at 39 to balance position
13.40, off to work