Against what? You hold on to positions for 2 months at a time? For some reason I thought you were a daytrader. My bad.
Flat. I daytrade. Sunday-Monday will be nuts. As long as Greece stays = monetization = short euro. Greek exit = long euro. Tsipras appears to be the frontrunner. If he tears up the IMF/EFSF bailout conditions > revocation from capital markets > ...then likely forced exit.
I almostr always hold over the weekend. That'sthe way I look at on any Sunday night. It's just a gambe. Usually chaeper than Las Vegas. If I make a lot of Money Fri I will get flat. Otherwise, I will stick with the program. I made a small fortune last Sunday being long. This weekend if I don't close out I will be short.
I have been taking and exiting positions in the direction of the dollar since I made those posts. You know, the one where you said a long dollar trade would be "choppy" Insomuch as being a daytrader, there really is no such animal in fx, the markets are only truly quiet between 4-6pm, last I did a study on it. I know you trade stocks, so trying to lock fx into a session would make sense to you. So how about you? What is your trading plan for this weekend?
OK, I remember on the ACD thread where you said you traded all night from midnight to 6am or something. But anyway, so you are short EUR/USD. Which is making a monthly A up btw. I have very little on. Just some option positions on the bonds and the ES
The dollar pairs are so closely correlated to ES that I don't even look to see what the YM and ES did anymore. So, are you net long or net short?
What do you mean by "building" a position? Is the FX market not liquid enough? It sounds like averaging down actually.