Tempted to go long USDSEK after the drop but already exposed via base currency to local currency. Three explosions in my city tonight "only", continuing to be short Sweden is probably wise.
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Snuskpelle's (kind of) Intraday Adventures 2019
- Thread starter Snuskpelle
- Start date
Buy USDSEK x 60000 @ 6.7028 stop 9.6371
Will see, situation is volatile but I would suspect it to retrace a bit soon. Minor trade size anyway.
Will see, situation is volatile but I would suspect it to retrace a bit soon. Minor trade size anyway.
Close +90
Quicker than expected ascent and I know I suck at currency trading
Quicker than expected ascent and I know I suck at currency trading
Sell SPX500USD x -50 @ 2998 stop 3002
Poor manuf data and overall time for mean reversion IMO. Rather small trade still as I am not super convinced (people could prefer to be looking at earnings).
Poor manuf data and overall time for mean reversion IMO. Rather small trade still as I am not super convinced (people could prefer to be looking at earnings).
Move stop 3004, will be too tight. And now 3006. At my standard 400 EUR risk now.
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Close -60 trade went shit from start, better to rethink. Would have been better to wait for market open in this case (also cleaner move in NQ than in ES).
Seems fan27s short of NQ was successful; I considered mirroring it in real time but my previous failure blocked my brain from doing it. I should strive hard to accurately judge RR in cases like these, heck RR being favorable is even why I shorted ES right before open.
No more trading for remainder of week as I'm helping GF move from her place in the ghetto to mine. Will see how moving in with her will impact by trading; hopefully I have some leverage in asking her to be serious about it (i.e. not disturb me 24/7) given progress recent years.
A concern I have now is USD weakness, particularly vs SEK. I don't intend to "trade" by changing account currencies - mostly because that would be a futile endeavor given my lack of skills in the area, and my algo platform works better with USD. However, I might have to look into an algorithmic hedging strategy to reduce my worst case currency risk, at the expense creating some costs/realized losses (which can be comfortably exchanged against the gains realized from my trading activity, prior to taxes). Last week has been pretty viscous on USDSEK, which is now down almost 4% from peak. Considering taxes will be paid on gains denoted in SEK at time of trade close, the practical effects can be even worse than that.
Buy USDSEK x 80000 @ 9.6054 stop 9.5923
Guessing it will bounce here as USDSEK has moved absurdly fast downhill past week. Another currency practice trade w/ minimal risk ($110)
Guessing it will bounce here as USDSEK has moved absurdly fast downhill past week. Another currency practice trade w/ minimal risk ($110)