Fading Yen - It has gone parabolic

Discussion in 'Forex' started by gmst, Jan 17, 2013.

  1. gmst

    gmst

    I am increasing the bet. current risk = 3.25%

    Adding 1% risk at 93.75.

    bidding 0.5% @ 93
    bidding 0.25% @ 92.5
    bidding 0.25% @ 92
     
    #101     Feb 7, 2013
  2. contra

    contra

    boom... this going into the ECB worked nice.
     
    #102     Feb 7, 2013
  3. why are you figiting the trend here?
     
    #103     Feb 7, 2013
  4. gmst

    gmst

    covering 0.25% from original short at 94 at 93.2.

    So, booked profits on this trade = 0.2+0.2% = 0.4%
     
    #104     Feb 7, 2013
  5. contra

    contra

    half off at 124.57 on EJ.
     
    #105     Feb 7, 2013
  6. gmst

    gmst

    Had already closed yesterday 0.25% risk from 94 add at 93.2 (instead of 92.8 as planned above).

    Today, closed 0.25% risk from 93.5 add at 92.5 as planned above. So, booked profit = 0.25%

    ALSO, closed 0.25% risk from 93 add at 92.2 for 0.2% profit.

    Total booked profit till now = 0.4% + 0.25% +0.2% = 0.85%
     
    #106     Feb 8, 2013
  7. gmst

    gmst

    Closed 0.5% risk at 93 for profit = 0.375%
    and 0.25% risk at 92.5 for profit = 0.3125%

    So, total profit on these 2 transactions = 0.6875%

    So, total profit booked till now = 0.85%+0.6875% = 1.5315%

    Lets round it off to 1.53%.



    EDIT:
    So, now we have new orders to short at 93, 93.5, 94 (because these scale-ins have been booked profitably).
     
    #107     Feb 8, 2013
  8. murrica

    murrica

    The gods of international finance read ET and play jokes on us.

    [​IMG]

    edit: or you have a crystal ball. or, you ARE a god of finance. :)
     
    #108     Feb 8, 2013
  9. contra

    contra

    tp on the rest at 124.40
     
    #109     Feb 8, 2013
  10. gmst

    gmst

    LOL.... Buddy, these are my closed profits, I am sitting on unrealized losses :)

    Btw, I agree that Gods of international finance do read ET. I am not one of them. LOL.

    Actually, on IB datafeed, max = 94.065. Yahoo data can be off by a few pips here or there.
     
    #110     Feb 8, 2013