Cash & Carry
- Thread starter ElectricSavant
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Sigh,
I take out losing trades with winning ones.
I take profit when I can.
Top priority goes to keeping the average price close to the current price.
When ever I re-enter I "scale in"...
I need questions as I do not know what people do not understand.
Michael B.
I take out losing trades with winning ones.
I take profit when I can.
Top priority goes to keeping the average price close to the current price.
When ever I re-enter I "scale in"...
I need questions as I do not know what people do not understand.
Michael B.
I got a real good PM about the base proportion and the increment finder part of the spreadsheet.
This astute trader noticed that all THREE triggered an "Average in" instance. Very astute and I know he has followed this system, by his questions.
This observation is true. Right now we have:
11,000 units AUD/JPY at an increment of 0.75
7,539 units EUR/HUF at an increment of 1.10
5735 units GBP/CHF at an increment of 0.0144
The best prices I have executed (Trades Tab, use sort by cicking the header) this AM before I adjusted them were:
AUD/JPY 84.29
EUR/HUF 247.01
GBP/CHF 2.2694
ADD/Subtract:
AUD/JPY 84.29-0.75=83.54
EUR/HUF 247.01+1.10=248.11
GBP/CHF 2.2694-0.0144=2.2550
Now, if any of these limit orders are hit, it does not need to be AUD/JPY, then the other pairs must enter too!
Their proportions can be discovered by using the spreadsheet!
So you can see that the "averaging in" may be more aggressive than you thought. This part is a "work in progress" and I will be widening them soon through the formula in the spreadsheet. I just got to get acustomed to the cyles and understand the yields and at what levels. Executors, just remember your step-by-step routine. When ever a trigger goes off, start from the beginning and reset all three pair from the orders tab. Advanced Traders, if you cannot wait for me, be careful here with your adjustments, keep them small.
Michael B.
This astute trader noticed that all THREE triggered an "Average in" instance. Very astute and I know he has followed this system, by his questions.
This observation is true. Right now we have:
11,000 units AUD/JPY at an increment of 0.75
7,539 units EUR/HUF at an increment of 1.10
5735 units GBP/CHF at an increment of 0.0144
The best prices I have executed (Trades Tab, use sort by cicking the header) this AM before I adjusted them were:
AUD/JPY 84.29
EUR/HUF 247.01
GBP/CHF 2.2694
ADD/Subtract:
AUD/JPY 84.29-0.75=83.54
EUR/HUF 247.01+1.10=248.11
GBP/CHF 2.2694-0.0144=2.2550
Now, if any of these limit orders are hit, it does not need to be AUD/JPY, then the other pairs must enter too!
Their proportions can be discovered by using the spreadsheet!
So you can see that the "averaging in" may be more aggressive than you thought. This part is a "work in progress" and I will be widening them soon through the formula in the spreadsheet. I just got to get acustomed to the cyles and understand the yields and at what levels. Executors, just remember your step-by-step routine. When ever a trigger goes off, start from the beginning and reset all three pair from the orders tab. Advanced Traders, if you cannot wait for me, be careful here with your adjustments, keep them small.
Michael B.
Also...
This is not a market neutral system. The three pair are one-directional trades. They do not hedge each other. They also currently do not trade together or inverse, they trade independently from each other
So why don't I hedge and get neutral? Because, I get a better yield this way that I do it, plus the trading opportunities give some more profit. I just don't pick the highest ranked pairs either...you don't see the NZD/USD do you?
Sure, you can get an annuity set up with the correct pairs...and just walk away and let them hedge each other. This is a very valid method to trade Cash & Carry. But you will not get 50% and I believe you still would need to watch it for the slow bleed and interest rate changes.
Folks, you must find YOURway.
Michael B.
This is not a market neutral system. The three pair are one-directional trades. They do not hedge each other. They also currently do not trade together or inverse, they trade independently from each other
So why don't I hedge and get neutral? Because, I get a better yield this way that I do it, plus the trading opportunities give some more profit. I just don't pick the highest ranked pairs either...you don't see the NZD/USD do you?
Sure, you can get an annuity set up with the correct pairs...and just walk away and let them hedge each other. This is a very valid method to trade Cash & Carry. But you will not get 50% and I believe you still would need to watch it for the slow bleed and interest rate changes.
Folks, you must find YOURway.
Michael B.
By the way,
GBP/CHF is not trading correctly. This is rather troubling and I am glad I reduced exposure.
I sort of observe cycles with these three pair and I like to practice with my brain to visualize a one line graph in my head. This keeps this old trader close to you nimble minded traders, by practicing.
GBP/CHF is out of Synch and there is a red flag. (I know I said that these three pair trade independently, but there is a three way min/max reached at different times with all three at their support and resistance).
I believe trading to be an art and this is a very difficult concept to explain. Do not feel bad if you are lost. I just can be a little grouchy before coffee...
I am using every teaching technique that I know to get you, the readers, to discover on YOUR own and get that Ahhaaa experience. I believe this is the only way for you to trade Cash & Carry and you must make it your OWN.
I want to be your "anonymous mentor" and I hope to be all that I can be to you.
Michael B.
GBP/CHF is not trading correctly. This is rather troubling and I am glad I reduced exposure.
I sort of observe cycles with these three pair and I like to practice with my brain to visualize a one line graph in my head. This keeps this old trader close to you nimble minded traders, by practicing.
GBP/CHF is out of Synch and there is a red flag. (I know I said that these three pair trade independently, but there is a three way min/max reached at different times with all three at their support and resistance).
I believe trading to be an art and this is a very difficult concept to explain. Do not feel bad if you are lost. I just can be a little grouchy before coffee...
I am using every teaching technique that I know to get you, the readers, to discover on YOUR own and get that Ahhaaa experience. I believe this is the only way for you to trade Cash & Carry and you must make it your OWN.
I want to be your "anonymous mentor" and I hope to be all that I can be to you.
Michael B.
View Support and Resistance as levels to be compared to velocity and direction. Cash & Carry lays this all out for you in a systematic way and you really do not need to understand the "Art" of trading to trade it.
But I know we are out of Synch. This tells me not to increase exposure. I could have on this last round of trading by replacing the trades to be back up to base 15.
Michael B.
P.S. How else do I explain this? I am having a difficult time to communicate just now, and I need some feedback from some readers.
But I know we are out of Synch. This tells me not to increase exposure. I could have on this last round of trading by replacing the trades to be back up to base 15.
Michael B.
P.S. How else do I explain this? I am having a difficult time to communicate just now, and I need some feedback from some readers.
I guess this is one of the conceptual problems I having with this system. I thought the way it was described it was a pretty mechanical system that relied primarily on the interest income from the positions to profit. I understand that it also requires trades in an attempt to keep the average position close to the current price but I thought these trades followed some pretty strict rules.
However it appears you are making a majority of your gains from your discretionary trades (although its difficult to see this because your daily position gain/losses are not clear from the spreadsheet as far as I can tell). Is this system highly dependent on the FX skill of the person who executes the trades?
(edit) It would be helpful for me if you had columns in the spreadsheet for each day that indicated the interest earned that day & the net change in the value of the positions so the daily fluctuations effect are more clear.
Readers,
If you just take the time to let me teach, you can carry this over to your other trading systems and methods, whether they be discretionary or systematic.
I have much to share, and I believe I am a successful and profitable trader. Your are seeing my Forex Account in Cash & Carry live. I invite you to sue me if I am not telling you the truth. I am a former CTA and still licensed with the CFTC, but I am not trading other peoples money. I stand to go to prison, if I am lying.
Disclaimer:
These are NOT Hypothetical TRADES or INTEREST PAYMENTS. This is the real thing. You can lose money in Trading Forex BIG TIME. You can lose ALL your money with CASH & CARRY in ONE DAY...IN ONE HOUR..WELL IN ONE SECOND. I need you to know that Forex in the United States is partially regulated and you have recourse through the NFA in anything that I say or post publicly about Cash & Carry. I am not registered with them, but I believe they still have regulatory authority and I conduct myself that way. I must keep my records for several more years from the day I traded OPM. Not one of my investors lost money and I do not have one complaint. I have not even come close to it. I withdrew from the system I was trading as it began to fail and it was not my own. I am very cautious and I withdraw from things I do not feel comfortable with, even while they are still profitable. This Journal does not represent a solicitation for clients and I am not currently trading other peoples money this year or last year, just my own. This Journal in this public forum does not represent full disclosure.
Michael Bolduc
NFA ID# 0326641
If you just take the time to let me teach, you can carry this over to your other trading systems and methods, whether they be discretionary or systematic.
I have much to share, and I believe I am a successful and profitable trader. Your are seeing my Forex Account in Cash & Carry live. I invite you to sue me if I am not telling you the truth. I am a former CTA and still licensed with the CFTC, but I am not trading other peoples money. I stand to go to prison, if I am lying.
Disclaimer:
These are NOT Hypothetical TRADES or INTEREST PAYMENTS. This is the real thing. You can lose money in Trading Forex BIG TIME. You can lose ALL your money with CASH & CARRY in ONE DAY...IN ONE HOUR..WELL IN ONE SECOND. I need you to know that Forex in the United States is partially regulated and you have recourse through the NFA in anything that I say or post publicly about Cash & Carry. I am not registered with them, but I believe they still have regulatory authority and I conduct myself that way. I must keep my records for several more years from the day I traded OPM. Not one of my investors lost money and I do not have one complaint. I have not even come close to it. I withdrew from the system I was trading as it began to fail and it was not my own. I am very cautious and I withdraw from things I do not feel comfortable with, even while they are still profitable. This Journal does not represent a solicitation for clients and I am not currently trading other peoples money this year or last year, just my own. This Journal in this public forum does not represent full disclosure.
Michael Bolduc
NFA ID# 0326641
Sorry Folks about the legal stuff. It occurred to Electric to do the right thing.
Electric endeavors to follow ET policy and asks when you are discussing the Trades and this System just refer to the Dealer/MarketMaker as the Dealer/MarketMaker ok?
If you post links make sure there are not banners on them that provide "click through" revenue to the link owner, and that they do not advertise non-sponsors of ET.
I know Electric in the past has violated many of ET's policies, but he is now endeavoring to do the right thing. Please remind him or I when we are violating any policies and help us to do the right thing.
There is nothing for sale here and if Electric decides to recruit clients, he will become a paying sponsor here. Electrics motives have been revealed for those of you that must have a motive. Electric is "living" it and proving it everyday.
As far as industry contacts...well what would you like us to do about that? We are unable to turn off the PM function.
Wifey
Electric endeavors to follow ET policy and asks when you are discussing the Trades and this System just refer to the Dealer/MarketMaker as the Dealer/MarketMaker ok?
If you post links make sure there are not banners on them that provide "click through" revenue to the link owner, and that they do not advertise non-sponsors of ET.
I know Electric in the past has violated many of ET's policies, but he is now endeavoring to do the right thing. Please remind him or I when we are violating any policies and help us to do the right thing.
There is nothing for sale here and if Electric decides to recruit clients, he will become a paying sponsor here. Electrics motives have been revealed for those of you that must have a motive. Electric is "living" it and proving it everyday.
As far as industry contacts...well what would you like us to do about that? We are unable to turn off the PM function.
Wifey
Winter,
I do not have an answer for you. I just do not have all the answers. I will endeavor to post the screenshot from the activity tab on the platform after every trade or group of trades that I make from now on.
The Transaction history must be parsed and I must create columns then. I will be accused of editing the results then. But assuming everybody believes me this could be done on a weekly basis I suppose. I download from the MarketMaker and that part is not difficult. Merging it into the new spreadsheet with the new columns I do not know how to do. Late Edit
h wait yes I do.
I can try to teach my re-entry techniques, and I did in the other Journal. It's just that sometimes I do not have time to capture screenshots..
There is a solution to this, I just do not know yet.
Late Edit: one solution is for me to open up a simulated account and to suspend my live account trading. I would need to provide a password to the group, but I would be violating ET policy by revealing the name of the MarketMaker.
Late Edit 2: There is a chat room here in ET
Michael B.
I do not have an answer for you. I just do not have all the answers. I will endeavor to post the screenshot from the activity tab on the platform after every trade or group of trades that I make from now on.
The Transaction history must be parsed and I must create columns then. I will be accused of editing the results then. But assuming everybody believes me this could be done on a weekly basis I suppose. I download from the MarketMaker and that part is not difficult. Merging it into the new spreadsheet with the new columns I do not know how to do. Late Edit
h wait yes I do.I can try to teach my re-entry techniques, and I did in the other Journal. It's just that sometimes I do not have time to capture screenshots..
There is a solution to this, I just do not know yet.
Late Edit: one solution is for me to open up a simulated account and to suspend my live account trading. I would need to provide a password to the group, but I would be violating ET policy by revealing the name of the MarketMaker.
Late Edit 2: There is a chat room here in ET
Michael B.
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