@destriero The carry isn't even that bad on USD/CAD but if you are so concerned about the carry why not short USD/TRY or USD/RUB or similar? Unless I understand your macro view wrong, essentially you are short USD irrespective of risk off in EM currs.
Your trading is way above my head, but very interesting to read about (I might learn something). You mention "long term", what kind of time scales are you talking about? Is this weeks, months, longer?
My average holding period for vol is (now) 11.6 days. My average holding period for macro index spec is 44 days. My average holding period for cyclical macro (all) is almost a year.
Thank you for your reply @destriero . I'm interested to see how your view of massively shorting the USD will work out. Will follow this journal.
I faded the idiot @bbpp's call on a breakout and got in at a good price yesterday after it hit my limit. It immediately went "all the way down."
I an long the 1.32 NT (short the touch) from 28/40K and it's marked to 20 (loss of 8K). So just under a hundo gained to date. Many thanks to the losers in peanut gallery for taking the other side. 1.3247. Marked.