Ivan's Trade Thread, part II

Anyone here trading USD.CAD? I am long w/ target 1.1898 but am tempted to cash in given the swings.

Also,

What level of leverage do you take?
5 x ?
10 x ?
20 x ?

Anything more that 10 times seems rather aggressive -- but who knows seems there are some big risk takers here. This may also depend on how long you hold it. Just curious. If you don't mind, could you share your leverage level?-- I like to know whether I am being too conservative. My leverage level is between 5 to 10 max.

Good trading.
 
Quote from lynx2004:



What level of leverage do you take?
5 x ?
10 x ?
20 x ?

Anything more that 10 times seems rather aggressive -- but who knows seems there are some big risk takers here. This may also depend on how long you hold it. Just curious. If you don't mind, could you share your leverage level?-- I like to know whether I am being too conservative. My leverage level is between 5 to 10 max.

Good trading.
More...

I started using 100x, then 50 and now I'm using between 5-10. I would say trade whatever you're comfortable with.
 
Just a word to the wise, if you are position/swing trading. The financial world in the US is voting on the election this week and possibly the next couple of weeks, and they vote with dollars not a ballot. There is great uncertainty as to what the new Admin's tax and fiscal policies will be. If the dow continues to close down, we will know how they voted. Again, be careful, use the holy grail, (your brain) wait for clearity in any trade, don't try to make a trade happen, preserve capital to stay in the game.

The Ever Clear VIPER
 
Quote from lynx2004:

Anyone here trading USD.CAD? I am long w/ target 1.1898 but am tempted to cash in given the swings.
More...

Nice trade, it met your target!

Regards leverage, there's a limited discussion about it here. In short it's all about risk percentages, leverage used isn't an important calculation.
 
Quote from cabletrader:

Nice trade, it met your target!

Regards leverage, there's a limited discussion about it here. In short it's all about risk percentages, leverage used isn't an important calculation.
More...

Yes I managed not to get shaken out of the USD.CAD trade and am out now.

Thanks for the link re: leverage -- I'll check it out.
 
Cable / anyone:

I'm trading w/ IB IdealPro and it seems to work fine for my trading right now. For something like EURUSD, using futures is an option (which I have used before.) CAD.USD futures also seem to trade w/ narrow spreads. Question is whether one is preferred (futures vs. spot) over the other when both options are available.

I'm sure this was discussed somewhere before but couldn't easily find it.

Thanks.
 
Quote from TradeViper:

Just a word to the wise, if you are position/swing trading. The financial world in the US is voting on the election this week and possibly the next couple of weeks, and they vote with dollars not a ballot. There is great uncertainty as to what the new Admin's tax and fiscal policies will be. If the dow continues to close down, we will know how they voted. Again, be careful, use the holy grail, (your brain) wait for clearity in any trade, don't try to make a trade happen, preserve capital to stay in the game.

The Ever Clear VIPER
More...

Hey Viper good to hear from you man.

Anyone who uses the words "Ever Clear" in their title is cool in my book. Everclear will get the job done quickly.

:D
 
I like catching these trades, helps make up for those small losers we all catch in the chop and slop. 347 pips and counting as of right now (lol yeah I know the pic shows a little less but it took a few minutes to post it. ha ha)

11-06-2008CropperCapture2.jpg
 
Quote from Reaver:

I like catching these trades, helps make up for those small losers we all catch in the chop and slop. 347 pips and counting as of right now (lol yeah I know the pic shows a little less but it took a few minutes to post it. ha ha)

11-06-2008CropperCapture2.jpg
More...


Great entry, nice trade, what made you get into it, the double top (or is that darts)?
 
Quote from lynx2004:

Cable / anyone:

I'm trading w/ IB IdealPro and it seems to work fine for my trading right now. For something like EURUSD, using futures is an option (which I have used before.) CAD.USD futures also seem to trade w/ narrow spreads. Question is whether one is preferred (futures vs. spot) over the other when both options are available.

I'm sure this was discussed somewhere before but couldn't easily find it.

Thanks.
More...

I don't know enough about futures to list all the pros and cons but from what I've heard spot is more versatile, offers more pairs (ie exotics), and is more liquid than futures, and futures is more transparent as they're traded on an exchange. For Usd/Cad spot, or Cad futures I doubt there's much difference in practical trading terms is there?

Do you use IB's FX Trader bolt-on or the regular TWS?
 
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