A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Thu Dec 12, 2013 7:55 pm

Hello
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newscalper
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Postby newscalper » Fri Dec 13, 2013 9:45 am

Closed at 103.73

Works lovely when the market trends. When it's a mess like Cable atm it's another story.

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Postby newscalper » Fri Dec 13, 2013 9:48 am

Jalarupa wrote:
="newscalper"]Image

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Yeah I know I was short and long dollar at the same time


I've been watching this arbitrage for a while... You definitely had the right idea but sad to say you are about a week late to the party...

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Are you talking about correlation or arbing? I wasn't talking about arbing - I just mentioned that yes I did realise I was long and short dollar at the same time - same as trading the cross.
I've a few indies for correlation tried using them a LOOONG time ago as an entry tool. Even at the 5 minute level they're not much help because at the time you should be entering guess what?

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Postby Jalarupa » Fri Dec 13, 2013 1:35 pm

newscalper wrote:
Jalarupa wrote:
="newscalper"]Image

Image

Yeah I know I was short and long dollar at the same time


I've been watching this arbitrage for a while... You definitely had the right idea but sad to say you are about a week late to the party...

Image

Are you talking about correlation or arbing? I wasn't talking about arbing - I just mentioned that yes I did realise I was long and short dollar at the same time - same as trading the cross.
I've a few indies for correlation tried using them a LOOONG time ago as an entry tool. Even at the 5 minute level they're not much help because at the time you should be entering guess what?


You were engaged in an arbitrage play by trading long/short Dollar - and I was showing you that it did work very well a few weeks ago... When the Pound was rising and the Yen was falling in tandem...

Technically if you had entered into that trade say 3 weeks ago and held it until now you would be very well hedged as the two pairs started to decouple from one another this week...

In terms of correlation I am busy working on teaching myself to eyeball price action on three pairs while looking to place complimentary trades on two of them as I have noticed that in cross currency pairs three interrelated names will generally move 2 up 1 down or the other way around... The key for me is to try and identify which two are are leading price action forward and place complimentary trades on them... A great example of this was seen this morning in Cable and Yen Crosses

Image

Weakness in Cable dragging GBPJPY lower and USDJPY Higher

Then Cable stalls at demand and USDJPY drags GBPJPY even lower...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby newscalper » Fri Dec 13, 2013 4:20 pm

And out, was a bit late on entry but made some pips
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Postby newscalper » Fri Dec 13, 2013 4:22 pm

Jalarupa wrote:
newscalper wrote:
Jalarupa wrote:
="newscalper"]Image

Image

Yeah I know I was short and long dollar at the same time


I've been watching this arbitrage for a while... You definitely had the right idea but sad to say you are about a week late to the party...

Image

Are you talking about correlation or arbing? I wasn't talking about arbing - I just mentioned that yes I did realise I was long and short dollar at the same time - same as trading the cross.
I've a few indies for correlation tried using them a LOOONG time ago as an entry tool. Even at the 5 minute level they're not much help because at the time you should be entering guess what?


You were engaged in an arbitrage play by trading long/short Dollar - and I was showing you that it did work very well a few weeks ago... When the Pound was rising and the Yen was falling in tandem...

Technically if you had entered into that trade say 3 weeks ago and held it until now you would be very well hedged as the two pairs started to decouple from one another this week...

In terms of correlation I am busy working on teaching myself to eyeball price action on three pairs while looking to place complimentary trades on two of them as I have noticed that in cross currency pairs three interrelated names will generally move 2 up 1 down or the other way around... The key for me is to try and identify which two are are leading price action forward and place complimentary trades on them... A great example of this was seen this morning in Cable and Yen Crosses

Image

Weakness in Cable dragging GBPJPY lower and USDJPY Higher

Then Cable stalls at demand and USDJPY drags GBPJPY even lower...


Exactly, so as I said it was exactly the same as trading the cross of the two GBP/JPY. The rest of it - way over my head atm :)

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Postby newscalper » Mon Dec 16, 2013 2:50 pm

Trying something out - went in too early on first attempt and got knocked out. Long again
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Postby roctao » Mon Dec 16, 2013 4:06 pm

hey scalper, just a heads up. Bernanke is speaking in three hours and then fomc notes 5 hours later so the dollar might go crazy for a bit. Make sure to be prepared.

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Postby newscalper » Mon Dec 16, 2013 4:27 pm

roctao wrote:hey scalper, just a heads up. Bernanke is speaking in three hours and then fomc notes 5 hours later so the dollar might go crazy for a bit. Make sure to be prepared.

Cheers - yeah I know. If this 15 minute bar goes over the line I'm out for a loss again anyway.
If you never trade when there's news you'd never trade.


Edit. Closed out. Loss
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Postby dojirock » Tue Dec 17, 2013 8:52 pm

Start the week with usd/jpy
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