Search results

  1. M

    Systematic FX Trading Journal

    I have decided to short Baidu (BIDU) today. James Roger said "short hysteria and buy value". Well thats what I am doing! Lets view the checklist: -Technicals -in a downtrend: check -high volume during the downturn: check -Fundamentals -high valuation: check...
  2. M

    Systematic FX Trading Journal

    Thanks quickturtle! Best of luck to you as well. Well not the best day for me. Positions getting hit by the whipsaws. The EURJPY trade went out of line and closed for a mere 6 pip profit (after getting hit with a 1 pip swap fee) for a profit of $8.93 only. Still sitting on the USDJPY short...
  3. M

    Systematic FX Trading Journal

    Switch EURUSD and USDCHF values ;). Made a mistake on the quote. Intermediate term trader closed off its long dollar position against the three vanillas with a combined loss of $115.14. However, its short EURJPY paid off which is still open and up $112.98 and counting. It is now short USDJPY...
  4. M

    Systematic FX Trading Journal

    A nice slow transition into the new week. No gaps at the open. Intermediate system basically rolled over past weeks trades today. However, entry criteria was not met on the USDJPY so we have no trades there. So current intermediate term positions are: Long USDCHF, Short EURJPY EURUSD GBPUSD...
  5. M

    Black box trading FX

    The data from the different brokers can very much vary as posted by the user prior in FX. It really is a personal choice...if your system is robust it should be working on any data feed you put it through. Keep in mind execution is key as many of the brokers do not give fills or honor stoplosses...
  6. M

    Systematic FX Trading Journal

    Equities Nothing too big going on. GOOG more or less unchanged after gapping up. Price action is really telling us that prices at the high 200 levels are just not sustainable. At the current close my profit from that trade is around 4.5%. At the rate it is going I believe that we shall see...
  7. M

    Systematic FX Trading Journal

    FX Done for the week. I dont like to have positions open for the weekend I have closed all positions. Yesterday, wasn't the best day for trading currencies as they were more or less directionless. The 5 pairs I added yesterday didn't help either as I got hit with losses on them. On the...
  8. M

    Buffett's Current Holdings

    Considering that most of SACs profits dont come from long term positions I dont think we can get any meaningful insights from their positions.
  9. M

    Systematic FX Trading Journal

    Okay folks. Here are the account statement screenshots (Aug17th-Aug18th). I have also decided to diversify into a bunch of different pairs: GBPJPY, EURGBP, USDCAD, and AUDUSD. This should smooth out my equity curve even more on a daily basis. Intermediate Term...
  10. M

    Systematic FX Trading Journal

    Took profits on both USDCHF and GBPUSD and opened two new positions in the same direction. Will post update and a screenshot later.
  11. M

    Systematic FX Trading Journal

    The markets have been good :). FX: Early yesterday after I initiated my positions it was rather whippy. My long USDCHF trade closed at 1.2597 with a 11 pip win and the whip hit my stop on the GBPUSD for a 45 pip loss. However, it again positioned itself for a dollar rally and currently it...
  12. M

    Systematic FX Trading Journal

    I have the following equity plays: Merger Arb: I have significant positions on Metals USA (trading at 19.61). It is going to be taken over by Apollo a private equity firm. I am bullish on the company in general even prior to the news about the takeover such that I have created a significant...
  13. M

    Systematic FX Trading Journal

    Currently positioned to take advantage of an extended dollar rally. Short positions taken on the euro and cable and long positions on swissy and yen. Here is the breakdown: EURUSD short at 1.2586 USDCHF long at 1.2302 USDJPY long at 109.88 GBPUSD short at 1.8047 Pretty minimal movement...
  14. M

    Systematic FX Trading Journal

    Well decided to start a journal on systematic FX trading. Trades are determined by price action, trends, macro direction, and range increases/decreases. Fully automated method to replicate research that has been done for a long period of time. Indicators used range from ossilators, moving...
  15. M

    Option replication and exotics journal

    Just have to say great trading on a variety of instruments. I tried trading a variety of instruments at once (stocks, options, FX) but it was way too overwhelming! Commend you on having great analysis done! -Mahras
  16. M

    High Frequency Trading - Hype or Substance?

    I do some high frequency trading. Nothing huge like the big guys though. No arbitrage. Basically trend following on a minute level on the FX markets. Seems to work for me pretty well. The only problem is that the computer gets slow as hell due to all the processor power used up by the systems.
  17. M

    Black box trading FX

    Not understanding the question properly. If your automated system is trading the interbank market successfully why would you move somewhere else? If you could explain the situation it would be better to answer.
  18. M

    What are the toughest trading companies to get into ?

    SAC, Citadel, Renaissance, DE Shaw, AQR. A whole bunch of em.
  19. M

    $100B hedge fund

    The point is Renaissance is managing billions while you are tradingon a relatively small account. They have a proven track record spanning YEARS. Thus, there really is no comparisons between say a hedge fund and a private trader. As for how renaissance trades I believe they are in the arb...
Back
Top