Cash & Carry

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Folks, I am very pleased with this system and my time spent with you here.

I will be ending this Journal immediatly for now, Please stay tuned for the new Journal soon.

Thank you for reading and may the Lord Jesus Christ richly bless you.

Michael B.

P.S. Wifey sends her regards.

 
Hey ES, nice to see your recent success.

I want to ask, do other FX broker/dealers pay carry Interest like Oanda do? Do they pay enough interest to make C&C worth trading?

Too bad the FX Futures at CME are useless for this system though they're the best deal for FX trading all around.

Our only hope left might be IB's IdealPro.


P.S.

I have friends who own a Financial Consultation (quasi hedge fund thingy) company over here. I'll do some in depth reasearch on this system, if its good and we're able to do with pro firms like IB or a bank instead of just Oanda, I might be able to get something going here. But that would be in the long long long long run though. (first we need a couple years track record)
 
Remiraz,

I have given up on trading OPM for now. Stay tuned for the new Journal. It will a more conservative, one-account, four-instrument version with the following goals:
  • 25% TOTAL APR for 365 days of Trading including labor
  • MAX 8% DD tolerated for 365 days of Trading
  • 1:4 Max Risk to Cumulative Profit Ratio.
The purpose of the new Journal will not be to attract OPM. I will be illustrating a very conservative approach to positive interest carry and to C & C. This "Hands off" carry approach and the purpose of its new Journal is to suggest a sort of savings account for traders, who wish to not trade often and to collect interest. It will not be popular with speculators or active traders so there will only be a few following it, but I feel there is a place in ET for this method of trading C & C.

For the rest of you, read the archived version of C & C and ETGA and find YOUR way.

Thank you Remiraz for reading and your observations. Good luck with your OPM, I want no part of it. The only way I would consider it is to be a trader behind the scenes. I can make money for people, I just wish that I were incognito and regret my earlier pursuits. ET should NOT be used for this anyways...I want to get back to pure sharing and I thought if I had a motive for people to understand it would be better. But my joy comes from sharing and being a part of the Trading community.

Incidentally, Folks I went flat when I closed this Journal, so I cannot comment to the recent moves in the three instruments traded. I have been enjoying myself with this break, and I hope those innocent victims in Britain, find their true strength that they need to endure those cowardly terrorists.

I will be extending my break perhaps for 1 month, to allow me to move into my new place, without any stress.

Michael B.


Quote from Remiraz:

Hey ES, nice to see your recent success.

I want to ask, do other FX broker/dealers pay carry Interest like Oanda do? Do they pay enough interest to make C&C worth trading?

Too bad the FX Futures at CME are useless for this system though they're the best deal for FX trading all around.

Our only hope left might be IB's IdealPro.


P.S.

I have friends who own a Financial Consultation (quasi hedge fund thingy) company over here. I'll do some in depth reasearch on this system, if its good and we're able to do with pro firms like IB or a bank instead of just Oanda, I might be able to get something going here. But that would be in the long long long long run though. (first we need a couple years track record)
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Quote from ElectricSavant:

Remiraz,

I have given up on trading OPM for now. Stay tuned for the new Journal. It will a more conservative, one-account, four-instrument version with the following goals:
  • 25% TOTAL APR for 365 days of Trading including labor
  • MAX 8% DD tolerated for 365 days of Trading
  • 1:4 Max Risk to Cumulative Profit Ratio.
The purpose of the new Journal will not be to attract OPM. I will be illustrating a very conservative approach to positive interest carry and to C & C. This "Hands off" carry approach and the purpose of its new Journal is to suggest a sort of savings account for traders, who wish to not trade often and to collect interest. It will not be popular with speculators or active traders so there will only be a few following it, but I feel there is a place in ET for this method of trading C & C.

For the rest of you, read the archived version of C & C and ETGA and find YOUR way.

Thank you Remiraz for reading and your observations. Good luck with your OPM, I want no part of it. The only way I would consider it is to be a trader behind the scenes. I can make money for people, I just wish that I were incognito and regret my earlier pursuits. ET should NOT be used for this anyways...I want to get back to pure sharing and I thought if I had a motive for people to understand it would be better. But my joy comes from sharing and being a part of the Trading community.

Incidentally, Folks I went flat when I closed this Journal, so I cannot comment to the recent moves in the three instruments traded. I have been enjoying myself with this break, and I hope those innocent victims in Britain, find their true strength that they need to endure those cowardly terrorists.

I will be extending my break perhaps for 1 month, to allow me to move into my new place, without any stress.

Michael B.
More...

Hey hey, who cares what others use ET for. I'm a trader, a trader's goal is to make money. You trade C&C to make money too don't you? I see we have something in common then.

This is definitely OPM material I tell ya, 25% returns p.a. is HUGE when it comes to OPM. It has way more potential than a simple "savings account

Don't worry I'm not asking you to physically start a fund or actually trade the fund, unless you want to. I have contacts with a Finance Consultation firm, they have the infrastructure and the client base in place. I'm gonna do some snooping regarding C&C, probably tweak it for 10-20% p.a. returns for lower DD if its feasible. Hey, if the original creator comes on board to lend a helping hand, all the better.

Have fun during your break, I'll keep you posted just in case you want to grab some cash for what is mostly your invention anyway.

By the way are only Oanda and IB paying carrying interests on leveraged pairs?
 
Remiraz,

I look forward to your pursuits. But I cannot be bothered with your responsibilities as I must concentrate on trading. I will start the new Journal shortly, but I must remain free to alter, improve and change streams and instruments. so the method is a constant work in progress and cannot be canned. I find that I was constrained to building a two year track record rather that to be free to implement major and minor adjustments.

Incidentally, I have not invented anything. There are other traders trading this probably. I have not copied one soul, but I imagine by coincidence others have discovered what I have.

Michael B.

P.S. A good trader is what you want Remiraz. I am a simple "plain speak" trader and I can trade anything, if I am allowed the time I need to analyse its character (what you do not know, I am never in a hurry and time to me could be 1 week, 1 year or 10 years....I do not use a watch, but time has a cost. Money should be respected as the tool it is, but not loved).


Quote from Remiraz:

Hey hey, who cares what others use ET for. I'm a trader, a trader's goal is to make money. You trade C&C to make money too don't you? I see we have something in common then.

This is definitely OPM material I tell ya, 25% returns p.a. is HUGE when it comes to OPM. It has way more potential than a simple "savings account

Don't worry I'm not asking you to physically start a fund or actually trade the fund, unless you want to. I have contacts with a Finance Consultation firm, they have the infrastructure and the client base in place. I'm gonna do some snooping regarding C&C, probably tweak it for 10-20% p.a. returns for lower DD if its feasible. Hey, if the original creator comes on board to lend a helping hand, all the better.

Have fun during your break, I'll keep you posted just in case you want to grab some cash for what is mostly your invention anyway.

By the way are only Oanda and IB paying carrying interests on leveraged pairs?
More...
 
Quote from Remiraz:

FX Futures don't pay carrying interest....do they? O_o
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Right now you can buy a sept AUD contract at .7654, while cash trades at .7676. The difference is the interest yield for holding that contract until expiration.

edit: it would seem that using a futures contract would simplify the entire system, as your interest is already rolled in automatically. But I guess the spreads for certain contracts are much worse at the cme to make it practical.
 
Huge capital is required for the "Chasing of Price". The aging and progression does not put time on your side either, as the later your into the contract the less time there is. And the "forced" trading and spreads that you so correctly post, require an advanced traders precision.

Michael B.


Quote from illiquid:

Right now you can buy a sept AUD contract at .7654, while cash trades at .7676. The difference is the interest yield for holding that contract until expiration.

edit: it would seem that using a futures contract would simplify the entire system, as your interest is already rolled in automatically. But I guess the spreads for certain contracts are much worse at the cme to make it practical.
More...
 
Remiraz,

IB pays interest monthly I believe. I cannot discuss names of other Firms in PM's and publically in ET, due to the constraints of ET posting policy. IB is a sponsor here. So lets try to do the right thing and refrain from mentioning names. (Please note I edited my earlier post to you, as it was rather inappropriate, for which I apologize to ET)

There are other means that other dealers pay interest with, such as at 17:00 est there is a "rollover" and the price adjusts. There is only one marketmaker that calls it interest and pays it daily as interest that I know of and leaves the current price of the pair unchanged. So there is an interest earned form mailed at the end of the year at a higher tax rate (I believe interest earned is not the capital gains rate)...and there is trading profits that you must keep track of as it is not reported to the IRS (IB might report them however). The profits from your Retail Spot Forex trading are at the lower rate that Futures traders get...IF YOU MAKE THE ELECTION AND NOTATE YOUR PERSONAL RECORDS ABOUT THE ELECTION>>>GOOGLE FOR THE STATEMENT CONTENT THAT YOU MAKE TO YOURSELF TO DOCUMENT YOUR ELECTION.

I am not speaking from experience as I have only traded Retail Spot Forex with one market maker. I feel fortunate that I found the right one from the get-go.

Michael B.
 
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