Short another 40 from 1234.00. Short 70 from an average of 1235.50. DAX at risk, SPX and Nikkei look to be in the bag.
Yup, good week. Received $49,200 yesterday and neglected to update journal. Exotics blotter: +$223,200
Risk, Good job. I am opening an account with FXCM to trade their Forex Exotic options. The limit is 10k ---but it will at least get my feet wet in Digitals etc. Have you seen FXCM's Exotics? If so what do you think of them? They seem to offer enough for me to start. You are trading Forex options through UBS? Correct? www.forex-options.com
Nice, TGM. Feel free to post stuff here re: your experiences with FXCM. They've been, on avg., 10% above the debits I've been seeing with the French and Swiss. That's not terrible considering the barrier to entry is zero with FXCM. SocGen is tighter than UBS, so I tend to call SG first, but UBS is very solid; much better depth of talent than in the past. You'll earn the -edge in a day with a 7d gamma-play. Don't get too caught up in model-val. I have used FXCM's markets to price relative value against the markets made by the wirehouse.
Just that the edge loss can be recovered fairly quickly if you're trading gamma/vega[short vs. long, term-structures].
Out the $41,500 on the 1.2140 touch. +$15,000 recovered from the sale of the vanilla straddle at 1.80. Exotics blotter: +196,700