Currency basket: Pair trades and directional bets

24 мая 2016 г.

These are some of the trades I'm currently in.
I went long AUDUSD and shorted EURUSD, while being in a gold short/silver long position.
Today I added an USDCAD short/USOIL short to the portfolio, and will let these trades run for an extended period of time, and adding once safe.

USDCAD hit a massive level in the weekly chart, so it's likely to retrace, while the spread with oil has gotten too wide. Oil should be topping against monthly resistance, and it's an ideal candidate to short against CAD. See my publication below.

If you want to take these trades, you should use wide stops, to determine the size of each leg of the pair. In the case of opposite trades like oil/cad or silver/gold in particular. Stops can be determined from 3x the daily ATR value, or 1x the monthly ATR. Risk 0.5-1% per side.
Let's see how this basket performs.

Cheers,

Ivan Labrie.

25 мая 2016 г.

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(I'm in AUDUSD with a stop at 0.71394 too, the stop on chart was illustrative, mainly to show the 3 ATR sized stop)

USDCAD has good progress so far. The spread with oil is just too big.

27 мая 2016 г.

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I covered usdcad and flipped long. Closed half of AUDUSD at 1R profit and moved stop to break even. Shorted oil with a tight stop yesterday under the open.

30 мая 2016 г.

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Silver has outperformed gold very clearly, but audusd hasn't performed well yet. I do see a possible long trade in AUDJPY (I've sent it to my signals group actually).
EURUSD is at an interesting spot, I could see it heading lower still, let's see how it evolves.
Oil is stagnant but finally falling a bit.

31 мая 2016 г.

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AUDJPY and AUDUSD working great, flipped long in eurusd with a 3 atr sl.

1 июн. 2016 г.

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I closed audusd and audjpy. We might see some volatile action.

10 июн. 2016 г.

Сделка закрыта вручную

17 июн. 2016 г.

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I reentered AUDUSD at 0.73076, added today at 0.74. Stop is 250 pips below the 1st entry.