Well traders. This is I guess what it takes to make about 5%. I started the initial core triangular hedge last Friday and closed it off this Friday. Did a little management of the split up leg ratio and had about 40% of these profits coming from the usd/cad as I took unlimited risk for myself.
Oct 24, 2015
Well, I told everyone in the last forex trading update that I was going to be out on Friday, but may trade on the mobile platform. That is what happened and I took that EUR/AUD basket off for nearly a 2% gain in a day. It's nice to get the daily turnover and not wait a week.
at 10:43 AM
Oct 22, 2015
Grinding in some more forex profits. I had a dual triangular hedge on in the two main pairs that normally hit my watch list. You can see even with a 200 pip move down in the eur/usd and no move down in aud/usd, the eur/aud cross hedge literally moved less than $10 on a total of 0.04 lots for all 3 sides. That is some damn balance if I ever saw it.
at 6:08 PM
Oct 21, 2015
There is basically one story about this forex trading today. It's that you can have a core triangular hedge on and then scalp the legs for basis improvement to grind out profits even if nothing happens in the overall trade.
at 4:17 PM
Oct 16, 2015
Well the post title here is pretty honest, but it's the truth. For me, being able to make money is vital as my finances are just starting to get to the point where I can build a nice cash egg and start a family/get a home. So, naturally making money helps me get to that goal and my mind gives positive emotional feelings when things are done to get closer to that.
at 3:00 PM
Oct 14, 2015
Well forex traders we are back at the triangles and this was an awesome overnight profit from Tuesday into Wednesday. It was a simple balanced position using about $60% of my available capital to make the 2%+ overnight gain. Now this is the type of style I like and would use on much larger capital balances. Also, you can see how I left one of the sides of the forex hedge split up so that it could be managed if necessary.
at 11:46 AM
Oct 13, 2015
Well this was a big battle. I got myself into a little trouble by trying to take a concept I was using with the eur/gbp forex pair and applying it to the eur/aud. The problem is that the eur/aud triangular hedge moves way more and I got down quick since my hedges were taken off and luckily the pair I left on came back for me. It was scary as hell saying what my position was last Friday going into the weekend, but I did it anyway for all to see.
at 5:33 PM
Oct 9, 2015
Well after this I am beginning to think this triangular hedge in the Australian Dollar cross currency with the eur/usd has to be managed much different than the eur/gbp. It is far less mean reverting than the e/g and the moves it makes, even when you are 100% balanced seemed to be gigantic. It was about $7 profit with 0.01 on the b/s/s side of it...but then it moved all the way to over $16.
Oct 6, 2015
Hey forex traders. What a wonderful day. The sun is shining and profits are rolling in. Now this is probably the most dangerous feeling you can have as a trader, or the best. When your confidence is up you have to rely on what you have been doing to boost yourself up even more. However, getting cocky can cause you to stray from what got you here in the first place and then say goodnight.
at 1:57 PM
Oct 2, 2015
Wow, this was a wild couple of weeks. I managed everything as perfectly as I could given my entries. So this started off with the eur/aud currency hedge and I added a very small usd/cad short leg to that. The eur/aud side came back for a profit and I closed it, but it left me with the usd/cad short position all the way back from the middle of September.
at 8:58 AM