If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
With trade copying discrepancies can occur because of rounding differences between the Master and follower accounts when the follower is a much smaller size. These differences are not normally a major concern and tend to average out over time, sometimes making more and sometimes less.
In this case when balancing hedges properly in a currency pair with large amounts of pip movement the effect could potentially be amplified which is why manually checking the ratio is appropriate here. The current ratio in your accounts should be 1:1:1 AUD/CAD, AUD/JPY, CAD/JPY
This need to manually check should only rarely be necessary and I'll give notice in the forums.
With trade copying discrepancies can occur because of rounding differences between the Master and follower accounts when the follower is a much smaller size. These differences are not normally a major concern and tend to average out over time, sometimes making more and sometimes less.
In this case when balancing hedges properly in a currency pair with large amounts of pip movement the effect could potentially be amplified which is why manually checking the ratio is appropriate here. The current ratio in your accounts should be 1:1:1 AUD/CAD, AUD/JPY, CAD/JPY
This need to manually check should only rarely be necessary and I'll give notice in the forums.
I don't really understand this AUDCAD situation. AJ short was really good profit but now in loss.
So do the hedges all come off together or will winners be shut down. Please don't take me wrong I am not being critical AT ALL. I am just trying to figure out the plan for the hedge.
I must admit I have been playing around on the edges with very small positions....more for my amusement than actually trying to make any money but it passes the time...
But anyways steady if you could give some insight I'd really appreciate it!
Yeah, basically I'm gradually working that position off because AUD/CAD is providing enough opportunities for me to manoeuvre around the position. The pair has moved a lot since the initial entry but the synthetic hedge allows me to choose my spots instead of rushing it or having my hand forced by the market. I'm not looking at what the Yen pairs are doing individually, to me they are a part of the AUD/CAD position which is now only 15% of the initial position size and will continue to shrink until it's closed.
Yeah thanks. It was a little bit of a high maitenance trade, but sometimes those end up paying more by the time they're closed.
I'm still watching for opportunities in AUD/CAD because I prefer to let that position pay for itself but may wind it down with other trade profits if it ends up dragging on and/or if focusing elsewhere appears more efficient.
I like the market outlook right now because I like an active, big volume market for trading. It'll be interesting to see how the rest of the year's action plays out.
Hi Steady. I am just wondering what makes your conviction so strong to sell USD since the moment Yellen spoke and said they definitely will raise rates this year? It's worked out well so far, but I am just trying to figure out why we are selling USD that's all... So far so good but yeah I dunno just trying to figure out why.
About Yellen you are right of course, but fundamentals are only one piece of the puzzle I look at when entering trades. In this case I really liked the setup for fading USD strength. Sometimes I will trade with the trend, sometimes counter-trend.
In my opinion there are many times when two equally skilled traders could take trades in opposite directions at the same time and both manage them profitably as long as they did so for the right reasons on the right time frame and with proper management. In fact there was one such trade I did last month both long and short at the same time (via synthetics), not for hedging but for playing both directions.
In the coming weeks I have no idea which trades will come up next... USD strength/weakness?? I'll have to wait and see, all I care is that they come.
Comment