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marmoset
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Yep, limits removed, made sure I've balanced shorts with longs and kissed the day goodbye.
Whatever was open yesterday is now "position"...
And yes, I carry over the weekend. No big deal, intrest rate diff. is 0.25%, it'll cost me in the vicinity of $10 of interest *shrug*
Rate move risk: very low, plus Tokyo on a Monday morning is not worth getting up for.
Whatever was open yesterday is now "position"...
And yes, I carry over the weekend. No big deal, intrest rate diff. is 0.25%, it'll cost me in the vicinity of $10 of interest *shrug*
Rate move risk: very low, plus Tokyo on a Monday morning is not worth getting up for.
marmoset
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trendie said:
Duuuh, you got me thinking now...
I didn't remove any short limits, did something get closed?
If so, I'm long whatever the difference is, as I balanced the position to neutral (#short mini lots = #long mini lots) this morning before going to work...
marmoset
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trendie,
That's what I get for oversleeping... I had closed a short 8545 down to 8510ish, closed a couple of 8510 longs somewhere around 40ish, balanced the mess etc.
I wanted to do a write-up from my client report, but barely had the time to assess situation and balance it, remove limits and orders above 8500.
So, basically, I'll have to wait till I'm home 18.00UK time
The suspense is killing me
NOT
That's what I get for oversleeping... I had closed a short 8545 down to 8510ish, closed a couple of 8510 longs somewhere around 40ish, balanced the mess etc.
I wanted to do a write-up from my client report, but barely had the time to assess situation and balance it, remove limits and orders above 8500.
So, basically, I'll have to wait till I'm home 18.00UK time
The suspense is killing me
NOT
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trendie
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marmoset said:trendie,
That's what I get from oversleeping... I had closed a short 8545 down to 8510ish, closed a couple of 8510 longs somewhere around 40ish, balanced the mess etc.
I wanted to do a write-up from my client report, but barely had the time to assess situation and balance it, remove limits and orders above 8500.
So, basically, I'll have to wait till I'm home 18.00UK time
The suspense is killing me
NOT
no probs. let us know the figures, and I will update log.
marmoset
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trendie,
Here's what I did after I got home (all discretionary, no limits being executed):
closed the 8455 .2 long at 8480: +25pips --> 266 (iirc) + 25 = 291
went long 4x .1 3x at 8484 1x at 8482
went long 3x .1 2x at 8510 1x at 8511
went short .1 at 8494
closed the 8482 long .1 at b/e, i.e. 8482
entry short .1 at 8542 got executed
closed .1 long 8510 at 8526: +16
closed .1 long 8510 at 8527: +17
closed .1 long 8511 at 8527: +16
closed .1 short 8542 at 8532: +10
closed .1 long 8484 at 8529: +45
closed .1 long 8484 at 8529: +45
closed .1 long 8484 at 8530: +30 ---> tally these up with 291 and you get 470 pips fwiw
went long .1 at 8540
Upon waking up:
went long .5 at 8508
closed .5 long at 8512: 4 pips
went long .1 at 8511
went long .6 at 8515 ---> total position hedged, i.e. neutral.
During the day, no short limits got executed: so day's total is 4 pips.
But I preserved my capital, usable margin is stable, sometimes it's better to run and fight, er, trade another day
Right, for me it's weekend. Popped open a beer and am trying to get my 2 braincells that won't talk to each other to come up with a strategy how to reduce open positions...
Here's what I did after I got home (all discretionary, no limits being executed):
closed the 8455 .2 long at 8480: +25pips --> 266 (iirc) + 25 = 291
went long 4x .1 3x at 8484 1x at 8482
went long 3x .1 2x at 8510 1x at 8511
went short .1 at 8494
closed the 8482 long .1 at b/e, i.e. 8482
entry short .1 at 8542 got executed
closed .1 long 8510 at 8526: +16
closed .1 long 8510 at 8527: +17
closed .1 long 8511 at 8527: +16
closed .1 short 8542 at 8532: +10
closed .1 long 8484 at 8529: +45
closed .1 long 8484 at 8529: +45
closed .1 long 8484 at 8530: +30 ---> tally these up with 291 and you get 470 pips fwiw
went long .1 at 8540
Upon waking up:
went long .5 at 8508
closed .5 long at 8512: 4 pips
went long .1 at 8511
went long .6 at 8515 ---> total position hedged, i.e. neutral.
During the day, no short limits got executed: so day's total is 4 pips.
But I preserved my capital, usable margin is stable, sometimes it's better to run and fight, er, trade another day
Right, for me it's weekend. Popped open a beer and am trying to get my 2 braincells that won't talk to each other to come up with a strategy how to reduce open positions...
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marmoset
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Review last Thursday
5min chart 4th of May for your contemplation (time is NY)
Notice how most bounces off ..50 and big fig ..00 and hurdles through big fig levels worked out...
I didn't put in all points and somehow VTTrader refuses to bring up the s/r levels
Now if I'd used a 30pip fixed s/l (VTTrader has no trailing stoploss, but a system generated one that only works for one position...), I'd have made 210pips up - s/l 90 pips shorts : 120pips without having to worry about safetynets, rollovers etc. Not counting Big Ben there...
Have my 2 braincells finally talked to each other again? :cheesy:
5min chart 4th of May for your contemplation (time is NY)
Notice how most bounces off ..50 and big fig ..00 and hurdles through big fig levels worked out...
I didn't put in all points and somehow VTTrader refuses to bring up the s/r levels
Now if I'd used a 30pip fixed s/l (VTTrader has no trailing stoploss, but a system generated one that only works for one position...), I'd have made 210pips up - s/l 90 pips shorts : 120pips without having to worry about safetynets, rollovers etc. Not counting Big Ben there...
Have my 2 braincells finally talked to each other again? :cheesy:
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rav700
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Some news
Today's report cements our expectation that the Fed will hold in June after next week's 25-bp rate hike, and we o not subscribe to the notion that the Fed continue tightening after a temporary pause. With adjustable 1-year rate at 5-year highs and weekly mortgage applications at more than 2-year lows, this highlights the risk of triggering further weakness in the housing market via accumulated backup in the bond yields.
The next shoe to drop in the dollar will be next week's US Treasury report on International Economics and Foreign Exchange. The report is a lose-lose situation for the dollar regardless of whether the US Treasury names China as a currency manipulator. The reasons are the following:
We now expect the Treasury to label China as a manipulator after the US succeeded in obtaining the backing of the 7 in singling out China in the usually generic sounding G7 FX communiqué, urging it to allow " greater flexibility in exchange rates … critical to allow necessary appreciations".
This article contains the following sections:
Today's weaker than expected US payrolls presents an ominous justification for further dollar selling. If the current dollar sell-off were deemed as overextended, then today's report should supports the current sell-off, paving the way for further declines on the basis of escalating chances of a June pause in rates.
Today's report cements our expectation that the Fed will hold in June after next week's 25-bp rate hike, and we o not subscribe to the notion that the Fed continue tightening after a temporary pause.
The next shoe to drop in the dollar will be next week's US Treasury report on International Economics and Foreign Exchange.
We now expect the Treasury to label China as a manipulator
In the unlikely event that the Treasury does not label China as a currency manipulator
One last word on Bernanke's CNBC interpretation
speech was the first ever speech in which Bernanke entertained a pause in the Fed's 2-year tightening campaign
This was a departure from the "frothlike" description that was given to the housing market in the soaring days of last summer by Greenspan and even Bernanke just 6 months ago
Today's report cements our expectation that the Fed will hold in June after next week's 25-bp rate hike, and we o not subscribe to the notion that the Fed continue tightening after a temporary pause. With adjustable 1-year rate at 5-year highs and weekly mortgage applications at more than 2-year lows, this highlights the risk of triggering further weakness in the housing market via accumulated backup in the bond yields.
The next shoe to drop in the dollar will be next week's US Treasury report on International Economics and Foreign Exchange. The report is a lose-lose situation for the dollar regardless of whether the US Treasury names China as a currency manipulator. The reasons are the following:
We now expect the Treasury to label China as a manipulator after the US succeeded in obtaining the backing of the 7 in singling out China in the usually generic sounding G7 FX communiqué, urging it to allow " greater flexibility in exchange rates … critical to allow necessary appreciations".
This article contains the following sections:
Today's weaker than expected US payrolls presents an ominous justification for further dollar selling. If the current dollar sell-off were deemed as overextended, then today's report should supports the current sell-off, paving the way for further declines on the basis of escalating chances of a June pause in rates.
Today's report cements our expectation that the Fed will hold in June after next week's 25-bp rate hike, and we o not subscribe to the notion that the Fed continue tightening after a temporary pause.
The next shoe to drop in the dollar will be next week's US Treasury report on International Economics and Foreign Exchange.
We now expect the Treasury to label China as a manipulator
In the unlikely event that the Treasury does not label China as a currency manipulator
One last word on Bernanke's CNBC interpretation
speech was the first ever speech in which Bernanke entertained a pause in the Fed's 2-year tightening campaign
This was a departure from the "frothlike" description that was given to the housing market in the soaring days of last summer by Greenspan and even Bernanke just 6 months ago
marmoset
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Tweaking my method
Given that I've traded this "never take losses" thingy for only 9 days, I've done some reviewing and some finetuning of concepts.
I'll trade next week with following rules:
buy at ..08, limit 43, stoploss at -30 (78)
but at ..57, limit 92, stoploss at -30 (27)
sell at ..91, limit 56, stoploss at -30 (21)
sell at ..44, limit 09, stoploss at -30 (74)
This in accordance with my guideline: "Don't get greedy, play it tame, the money is the same"
After looking over the May 4th chart, attached below, the day's pipcount, including Big Ben, would have been 230.
( c = close, s = short, l = long, sl = stoploss, time is NY)
Given that I've traded this "never take losses" thingy for only 9 days, I've done some reviewing and some finetuning of concepts.
I'll trade next week with following rules:
buy at ..08, limit 43, stoploss at -30 (78)
but at ..57, limit 92, stoploss at -30 (27)
sell at ..91, limit 56, stoploss at -30 (21)
sell at ..44, limit 09, stoploss at -30 (74)
This in accordance with my guideline: "Don't get greedy, play it tame, the money is the same"
After looking over the May 4th chart, attached below, the day's pipcount, including Big Ben, would have been 230.
( c = close, s = short, l = long, sl = stoploss, time is NY)
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marmoset
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Unless it's a day like Friday (tight range day till the news came in), range <50 pips, then it's range jobbing day with range breakout limit entries above and below (see Monday 1st of May)
Aforementioned rules would have whipsawed me to Kingdom Come: 7x stopped out, 4x limit close, last position open at +7pips: -210 + 140 +7 = -63 pips.
Sooo, Thursday was the picture book day, or best outcome, Friday was the worst case scenario.
Nice to know the downside risk and have a gauge to estimate optimum outcome.
Now to find a way of identifying whether it's going to be a go-go or a leper day.
Currently my gut feel is at late Tokyo behaviour and looming major news.
Aforementioned rules would have whipsawed me to Kingdom Come: 7x stopped out, 4x limit close, last position open at +7pips: -210 + 140 +7 = -63 pips.
Sooo, Thursday was the picture book day, or best outcome, Friday was the worst case scenario.
Nice to know the downside risk and have a gauge to estimate optimum outcome.
Now to find a way of identifying whether it's going to be a go-go or a leper day.
Currently my gut feel is at late Tokyo behaviour and looming major news.
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