Usd/cad

The Kin · Mar 6, 2006

I was getting a little nervous there but now I have a big smile on my face.

The Kin · Mar 7, 2006

I;m about to close this position real soon.

Target .1460

The Kin · Mar 7, 2006

Meh, .1444

Ivanovich · Mar 7, 2006

Quote from Ivanovich:

Wheee!

Went long, heavy (heavy for me on a particular trade is 400,000 units in this case) right @ 1.1303

Gonna enjoy this ride.

Closed, 1.1465 - There's a nice 5 and a half grand.

Optionpro007 · Mar 7, 2006

Quote from Ivanovich:

Closed, 1.1465 - There's a nice 5 and a half grand.

Congrats !!

Ivan, out of curiosity, would you have made the exact amount of money if you had played the futures contract, based on your investment ?

Ivanovich · Mar 7, 2006

Sorry mate, never played or even had an interest in the futures side of things. Short answer is - I have no idea

Optionpro007 · Mar 7, 2006

Does anybody here know ?

Lucrum · Mar 7, 2006

Quote from optionpro007:

Does anybody here know ?

It would just depend on the size of his position. CAD futures are good for $10 per tick per contract.

Optionpro007 · Mar 7, 2006

Thanks !

I am going to try this. Pls correct me if any numbers are wrong.

$400,000.00 at risk

Initial margin $1250 per contract

320 Contracts

In this case, short at apprx 0.8855

covered at .8716

139 pips profit x $ 10 X 320 contracts = $444,000 ??

I must be doing something wrong....

Thoughts anybody?

Lucrum · Mar 7, 2006

Quote from optionpro007:

Thanks !

I am going to try this. Pls correct me if any numbers are wrong.

$400,000.00 at risk

Initial margin $1250 per contract

320 Contracts

In this case, short at apprx 0.8855

covered at .8716

139 pips profit x $ 10 X 320 contracts = $444,000 ??

I must be doing something wrong....

Thoughts anybody?

I came up with $444,800 less commissions of course. Only comment is that 320 contracts might be hard to get off on a single trade. Not that I would know from personal experience. I'm just looking at the DOM.