venerdì 17 gennaio 2014

Closed all trades, hedged GBPJPY

Closed all trades, hedged GBPJPYJanuary 16, 201412.06 gmtI am travelling tonight (Singapore time) until Tuesday morning next week. Co-incidentally UJ and GJ have generated sell signals, and EU has generated a long signal right now. Considering all factors, I’ve decided to take profits in all open trades and hedge GY which looks a little heavy.USDJPY: closed at 104.72, +104 pips, +7.5%EURJPY: closed at 142.51, +62 pips, +3.3%AUDUSD: closed both short trades at 0.8786, +101 average pips on $16/pip size. +10.5%. System is still clearly short this pair, I feel reluctant to exit. But I note that nobody ever lost money taking profit!GBPUSD: closed short at 1.6334, +38 pips, 2.3%. System is still short this pair, so again I am reluctant to close it but have to …

via Zen and the Art of FX Trading:

12.06 gmt

I am travelling tonight (Singapore time) until Tuesday morning next week. Co-incidentally UJ and GJ have generated sell signals, and EU has generated a long signal right now. Considering all factors, I’ve decided to take profits in all open trades and hedge GY which looks a little heavy.

USDJPY: closed at 104.72, +104 pips, +7.5%

EURJPY: closed at 142.51, +62 pips, +3.3%

AUDUSD: closed both short trades at 0.8786, +101 average pips on $16/pip size. +10.5%. System is still clearly short this pair, I feel reluctant to exit. But I note that nobody ever lost money taking profit!

GBPUSD: closed short at 1.6334, +38 pips, 2.3%. System is still short this pair, so again I am reluctant to close it but have to do so under the circumstances.

EURUSD has generated a long signal at current levels (1.3610) with a stop around 1.3575, but I am not taking it due to the travel.

Opened a new short GBPJPY $10/pip at 171.01. This hedges the long I am carrying from 172.89. So I have no net exposure over this travel period if I don’t open any new trades.

Edit 12.40 gmt:

It took me quite some time to enter all the trades data into my worksheet and into the post, with all the pips calculations, etc. When I finished the post and looked at the charts, UJ has rolled over, taking EJ & GJ down with it. So my timing was good – some good luck with me these days