Discretionary Swing Trading

My patience and to some extent lazyness :) is paying off. Portfolio is up nicely. Time to book profits. Current positions are as follows:

AUD 100k
EUR -400k
EURCHF 100k
ES 2
GC 1

Going short AUD as a start. Taking following trades today:

1. Sell AUD 500k (to get net short 400k exposure): 1.0366
2. Sell ES 2 @ 1272

So, net portfolio looks like
AUD -400k
EURO -400k
EURCHF 100k
GC 1

Note: I will do only an end of month profit analysis and post equity curve then.
 
Quote from gmst:

My patience and to some extent lazyness :) is paying off. Portfolio is up nicely. Time to book profits. Current positions are as follows:

AUD 100k
EUR -400k
EURCHF 100k
ES 2
GC 1

Going short AUD as a start. Taking following trades today:

1. Sell AUD 500k (to get net short 400k exposure): 1.0366
2. Sell ES 2 @ 1272

So, net portfolio looks like
AUD -400k
EURO -400k
EURCHF 100k
GC 1

Note: I will do only an end of month profit analysis and post equity curve then.
More...

Trades:

1. Buy 400k AUD @ 1.0251
2. Buy 200k Euro @ 1.28, Sell order for 200k Euro at 1.29 and 100k each at 1.295, 1.3, 1.305, 1.31, 1.315, 1.32 (So, a total of 800k in sell orders, and current position of 200k).

Net portfolio looks like

EURO -200k
EURCHF 100k
GC 1

I missed a good long on Crude, will probably go long crude after NFP today.
 
Bought 1 million EURCHF at 1.215.

Order to buy 700k @ 1.2105, 800k at 1.206, and 1 million at 1.202.

Stop 1.5 million @ 1.195 and rest at 1.19 (If stop gets hit, will lose around 50k-60k out of starting balance of 100k) - But risk is ok since stop won't get hit :) HAHA
 
Quote from gmst:

Bought 1 million EURCHF at 1.215.

Order to buy 700k @ 1.2105, 800k at 1.206, and 1 million at 1.202.

Stop 1.5 million @ 1.195 and rest at 1.19 (If stop gets hit, will lose around 50k-60k out of starting balance of 100k) - But risk is ok since stop won't get hit :) HAHA
More...

Though I dont expect any change in SNB peg policy, but still we are in a new regime after Hilde's resignation. So, new orders instead of above old ones:

Order to buy 400k @ 1.2105, 400k at 1.206, and 1 million at 1.202.

Trades:
Buy 400k AUD @ 1.031 (looking for scaling out around 1.04/1.05).

Again missed opportunity to buy Crude yesterday when it had gone down....... Ahh
 
Quote from gmst:

Sold 200k AUD @ 1.0307, so reduced net AUD long to 200k
More...

Trades:
1. Sell 600k AUD @ 1.0345, so net short 400k position. (AUD is highly correlated to ES, but recently AUD has shown relative weakness compared to ES.
2. Sell 4 ES @ 1293

Orders:
1. Buy 1 GC @ 1630.
2. Sell 300k AUD @ 1.039

Note: This is a great time to buy 1250 puts on S&P, but I would like to keep the journal pure delta1 for the time being. So, selling ES instead of buying puts.
 
Quote from gmst:

Trades:
1. Sell 600k AUD @ 1.0345, so net short 400k position. (AUD is highly correlated to ES, but recently AUD has shown relative weakness compared to ES.
2. Sell 4 ES @ 1293

Orders:
1. Buy 1 GC @ 1630.
2. Sell 300k AUD @ 1.039

Note: This is a great time to buy 1250 puts on S&P, but I would like to keep the journal pure delta1 for the time being. So, selling ES instead of buying puts.
More...

Buying 200k AUD @ 1.0335, and 1 ES @ 1290 - trying to reduce short exposure here. Have been too correlated.

New Orders
1. Sell 100k AUD @ 1.036 and Sell 2 ES @ 1310

Edit: Got filled 700k long @ 1.2105 on EURCHF.
 
Portfolio as of last update was:

AUD -200k @ 1.0345
EURO -200k
EURCHF 1.1M
GC 1
ES -3 @ 1293

Orders that got executed -
1. Bought 400k EURCHF @ 1.2105 (note in last post, had mistakingly mentioned buying 700k)
2. Bought 1 GC @ 1630
3. Sold 100k AUD @ 1.036

Even though ES sold off to a low of 1272 on the news of France downgrade by S&P, it came back and after 1 day touched 1300. Now it is trading at 1290.5, I am not comfortable with the short position here so I am squaring it off and waiting. Closing short AUD position also

Trades doing now:
1. Buy 3 ES @ 1290.5
2. Buy 300k AUD @ 1.0375
3. Short 200k Euro @ 1.2745

Current Portfolio is:
Euro -400k
EURCHF 1.5 M
GC 2

New orders:
1. Buy 200k Euro @ 1.255
2. Sell 500k EURCHF @ 1.22
 
Quote from gmst:

Portfolio as of last update was:

AUD -200k @ 1.0345
EURO -200k
EURCHF 1.1M
GC 1
ES -3 @ 1293

Orders that got executed -
1. Bought 400k EURCHF @ 1.2105 (note in last post, had mistakingly mentioned buying 700k)
2. Bought 1 GC @ 1630
3. Sold 100k AUD @ 1.036

Even though ES sold off to a low of 1272 on the news of France downgrade by S&P, it came back and after 1 day touched 1300. Now it is trading at 1290.5, I am not comfortable with the short position here so I am squaring it off and waiting. Closing short AUD position also

Trades doing now:
1. Buy 3 ES @ 1290.5
2. Buy 300k AUD @ 1.0375
3. Short 200k Euro @ 1.2745

Current Portfolio is:
Euro -400k
EURCHF 1.5 M
GC 2

New orders:
1. Buy 200k Euro @ 1.255
2. Sell 500k EURCHF @ 1.22
More...

ES had broken 1305 support which was a big support. Yesterday, ES witnessed selloff from 1317 on huge volume to 1305 but couldn't break it. So, I am going bearish on all risk assets and re-establishing short AUD position (around 100 pips higher than where I had closed my shorts) and shorting ES. I am also closing my long gold exposure, but will look to reenter it soon.

Btw, Demark was on bbgTV on Friday, predicting S&P will top on Tuesday and today is Tuesday.

I had sell orders for 200k Euro at 1.29 and 100k each at 1.295, 1.3, 1.305, 1.31, 1.315, 1.32 (So, a total of 800k in sell orders, and current position of 200k).

The rally, maybe due to short squeeze caused the orders at 1.29, 1.295, 1.30, 1.305 get executed.

New Trades doing now:

1. Sell 3 ES @ 1303
2. Sell 400k AUD @ 1.4042
3. Sell 2 GC @ 1663

So, current portfolio looks like

1. Euro -1.2 M
2. EURCHF 1.5 M
3. GC 0
4. ES -3
5. AUD -400k

Orders:
1. Stop orders 3 ES @ 1314.5
2. Stop order 400k AUD @ 1.5035
3. Long Gold 1 @ 1635
4. Long Gold 1 @ 1620
 
You must log in or register to reply here.
Back
Top