Baruch's Forex System Journal

rax · May 12, 2004

Quote from rax:

trade bal $46 bln
flat eurusd
staying short usdchf

$-46bln rather :eek:

Baruch · May 12, 2004

Quote from rax:

$-46bln rather :eek:

Tried to come in, but was disconnected with my broker (!). And I suppose now it's to late...

rax · May 12, 2004

Quote from Baruch:

Tried to come in, but was disconnected with my broker (!). And I suppose now it's to late...

baruch, its never too late!
but maybe you want to be on the eurusd short side, rather than on the long side, later today.

Baruch · May 12, 2004

Quote from rax:

baruch, its never too late!
but maybe you want to be on the eurusd short side, rather than on the long side, later today.

Yes, maybe.

But you were right, and I was wrong. The market focus was the trade balance, not inflation (import prices).

I should have gone long before the numbers. I KNEW the trade number would be very big.

rax · May 12, 2004

baruch, never mind.
i wouldnt say you were wrong, you just played it save before the news.

Baruch · May 12, 2004

Quote from rax:

baruch, never mind.
i wouldnt say you were wrong, you just played it save before the news.

Hi again,

Safe? Yes, and it cost me 50 pips or more in euro. And a lot of pride. I wish my broker had guaranteed stops (and his system did not broke down when the markets moves fast).
My focus on inflation? Maybe I should trade bonds?

Did you grab some pips?

rax · May 12, 2004

as i said i went flat for eurusd, and brought home some nice 200+ pips - securing my profit.

im keeping my short in usdchf which moved up from +20pips before the news to +105pips at the moment.

looking to short the eurusd later today and close the swissie

but i missed all the action in cable today, i could beat myself :mad:

rax · May 12, 2004

Quote from Baruch:

Maybe I should trade bonds?

great idea:

start a hedge fund, raise $ 10 bln, hire some noble prize winners, let them develop the holy grail system, leverage your money 30:1, trade swaps and junk bonds, and blow the whole us financial system up and take the rest of the world with you.

time for some action!

just kidding

rax · May 12, 2004

Quote from rax:

great idea:

start a hedge fund, raise $ 10 bln, hire some noble prize winners, let them develop the holy grail system, leverage your money 30:1, trade swaps and junk bonds, and blow the whole us financial system up and take the rest of the world with you.

time for some action!

just kidding

oh, i forgot: massive use of derivatives is very important as well.

rax · May 12, 2004

closed short in usdchf +93pips,
short eurusd @ 1,1900

sorry baruch, im overflooding your thread.