Discussion in 'Hook Up' started by c.chugani, Jan 19, 2013.
Would be nice to hook up and exchange views on the IBEX and Spanish equities.
See your PM.
am starting out for the past year and a half. trading CAC and S&P indices, eurousd and euroyen, a bit of gold lately.. CFD
Hey I'm in Madrid. Does anyone want to meet up ?
Hi. What do u trade? For how long have u been trading for?
I usually trade US equities or ETFs... but sometimes i trade currencies... not just currency ETFs...
I see. I only trade CFDs, only equity indices, some pairs and gold. I suppose you re working or studying so it makes sense to trade the US, which I only trade up to about 5pm.
You are right, I am studying here... So my "trading day" starts at 3:30pm. So either I manually enter my positions at that time or input my predefined entry levels that hopefully will get hit so I enter a trade.
I trade a little bit of Commodity and Country ETF's. So we do have that in common !
All the time though I try to limit my correlated bets. For example, if I trade the Canada ETF (EWC) then I try to stay away from any Oil, Commodity or Canadian Dollar trades going on at the same time.
Here is a chart to illustrate what I mean. (Just basic inter market correlations)
I am a directional trader, so when I want to be long something, usually I look for a signal to short anti-correlated assets. Concentrated bets, trying to respect stops as much as possible
How do you chose a direction ? Are you a discretionary trader or mechanical ? Or do you blend styles ? Discretionary with a mechanical filter?
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