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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
I run fx crosses hedge with 28 pairs. So I am always even. I take profit from profitable positions and let the losses run they always come back I just have to wait.
That reduces trading to linear optimization.
Today I took profit of 1.800 EUR as I bet no QE BoE . The losses are 1.700 EUR .
If EURUSD comes down I'll open a position at 1381 EURUS long and take profit from EURUSD short @ 13988 then the loss turns into profit. I do that for 5 years now and it always works
because CBs don't go for profit they go for minimum risk. maybe the FED is an exception
but so far they have purchased 2.7 bln in UST not 500 bln thats only talk.
Catnip, your stuff is all very interesting but show me your trading account. Are you into 6 figure earnings with what you do with analysis ?
fact is ECB is under pressure if PBOC doesn't yield.
It is not an aside that Putin's best friend the Oligarch Abramowic is losing big with his Millhouse capital in irish bonds. The ECB will bail Putin's buddy out I'll bet.