Thanks, and best wishes for great profits to you.
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Short EUR/JPY
- Thread starter riskfreetrading
- Start date
Thanks, and best wishes for great profits to you.
Quote from riskfreetrading:
I just checked, and got filled on a re-entery on a second 1/4 order short EUR/JPY I left during my absense. Was filled at 160.36. A third 1/4 is now sitting at 160.75 in case the pair decides to make a quick run up and head south during my absense.
It did not descend fast enough. So I took this 1/4 off for 20 pips gain. I was thinking that it will head to 160.00 at a faster speed.
I still have one 1/4 in case it breaks down, and runs. Cost basis on this quarter is 160.15 or so.
At around 4PM, I am back in with short 1/8 EUR/JPY @ 160.30. Another 1/8 is sitting at 160.60, to complete re-entry of a second 1/4 (the one covered last at 160.16).
Quote from atticus:
The EURUSD 1.5830 one day No Touch is priced at 80/100 at Oanda, expiring at 20:00 EDT tomorrow. I am long the NT at $10k/$12.5k.
Long one lot spot from 1.5743 to hedge.
Atticus: that is a lot of money in that time frame (for me at least). How do you handle an eventual loss if it goes against you (if it touches)? One must trade these things with almost no emotions to be able to do what you do. I guess that sort of money is behind a wall of fire, and it takes strength, courage, knowledge and deep pockets to step to the other side to collect it, and one deserves that sort of reward for doing so. If it goes through you will just make what a regular guy makes in 60 days work. That is a ratio of 1 to 60 in time. You are in your own league atticus. Write a book my friend, and let me know where I can buy it. Bravo!
Quote from atticus:
The EURUSD 1.5830 one day No Touch is priced at 80/100 at Oanda, expiring at 20:00 EDT tomorrow. I am long the NT at $10k/$12.5k.
Long one lot spot from 1.5743 to hedge.
I just read your hedge comment before my previous post. How do you hedge it in more details if you can? Is it that you buy a given size if it starts heading up, at a given price, etc? or you keep adjusting your size if eur/usd is rising? (I have not read your Journal yet, if the answer is in there, pls. ignore my comment).
Quote from riskfreetrading:
At around 4PM, I am back in with short 1/8 EUR/JPY @ 160.30. Another 1/8 is sitting at 160.60, to complete re-entry of a second 1/4 (the one covered last at 160.16).
I have an order that was placed to short EUR/JPY at 160.30 on OANDA (between 4PM and 6:47PM). I looked at a chart on another site, and the price seemed to be close/border line. Does anyone know if that price was reached at OANDA or elsewhere at that time? Thanks.
BTW, that order is now removed as it is not valid anymore to put it there. Saying this in case some readers find it strange. Buying and selling prices are dynamic. I recall a time when I started trading, and the notion of entry/exit price was somewhat static in my head, but I can not now understand why I had that sort of thinking.
6:55PM: just got in on 1/4 short EUR/JPY @160.75 (160.747 to be more precise!).
shorted another 1/8 at 160.70. Now I am 3/4 full on my intended size.