Spieler, sorry my misunderstanding - you were talking only about one of the legs...not total profit. I thought I had missed something, hahaha.... regards

Hedge trading spieler system derived from futures spread trading

Spieler, I can see the euro/usd leg....but how did you manage to average the usd/chf down to 1.0030 from 1.0100 ?? regards

Hedge trading spieler system derived from futures spread trading

L, On this method, I don't - I am simply long the spread which is currently still widening. Once the spread starts to narrow, we'll be back in the money. On the breakouts I trade, I know when they are about to happen - so I take a calculated risk on ...

Hedge trading spieler system derived from futures spread trading

okidoki, Spieler - ...nice move. regards

Hedge trading spieler system derived from futures spread trading

Spieler, your possible 3rd pos. would still be at -0.8% (1.6033) ? Or do anticipate for eur/chf to reach -1.0% ?? regards

Hedge trading spieler system derived from futures spread trading

FXTrader, I am afraid that I will not hijack Spieler's thread to do that. I will say though, that anything to do with breakouts will work - as long as you have the tools (tight spreads and execution speed) and money man. over 20 years of trading and ...

Hedge trading spieler system derived from futures spread trading

L, my opinion is (and I might be off track), that you want to look at instruments with high/steady correlation. Spreads where the Yen is invloved have additional time-zone risk and volatility....as Spieler mentioned earlier in the thread. It doesn't ...

Hedge trading spieler system derived from futures spread trading

Yes, Howard - we use Fortis Global Clearing. regards Max

Hedge trading spieler system derived from futures spread trading

...current average position.

Hedge trading spieler system derived from futures spread trading

I have the choice between Lava, Currenex, BARX, HotSpot and Baxter. My choice is Barx because the have a feature which is called "turbo-fill" that guarantees execution in the quoted size at the quoted price. (up to 100mil. us$) Since I trade a lot ...

Hedge trading spieler system derived from futures spread trading

Yes, we use MD trader and X trader in the office as well for the guys who do futures. I do cash and used to use LavaECN....now I use BARX which works similar. regards daytrading

Hedge trading spieler system derived from futures spread trading

doubled @ 1.5994 and 1.0052 regards daytrading

Hedge trading spieler system derived from futures spread trading

...excellent, thank you Spieler. regards daytrading

Hedge trading spieler system derived from futures spread trading

Spieler, if you not get your levels, will you stick with the initial position or will you still add during the convergence? regards daytrading

Hedge trading spieler system derived from futures spread trading

EUR/CHF is hanging around -0.5% ...maybe still time to average the positions. regards daytrading

Hedge trading spieler system derived from futures spread trading

....I am using MT4 only for charting. my order entry is via BARX where I can buy or sell simultaneously different amounts on as many pairs as I like. regards daytrading

Hedge trading spieler system derived from futures spread trading

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Hedge trading spieler system derived from futures spread trading

Spieler, we did not hit -0.55% (missed by 2 ticks) ... not sure whether in your terms it would have been close enough to increase the pos. regards daytrading

Hedge trading spieler system derived from futures spread trading

Spieler, have you increased size yet, or are you waiting for EUR numbers in 20 minutes? regards daytrading

Hedge trading spieler system derived from futures spread trading

Andrie, EUR/CHF is a "product" of the two majors EUR/USD and USD/CHF. We are looking at the divergence on EUR/CHF as a gauge to either buy or sell the spread between the majors. (and when you do that you create a almost dollar neutral position - one ...

Hedge trading spieler system derived from futures spread trading