I wanted to get short AUD, EUR and USD. Have no opinion on JPY and want to avoid CHF the best I could come up with since I'm pretty neutral on CAD and GBP was short AUD/CAD short EUR/CAD long GBP/USD anybody have a better idea? not sure what the carry implications of all that will be
Why go long GBP/USD? If your gonna go short with conviction then do it. Otherwise park ur butt on the bench.
How long do you want to hold, or expect to? I like the CAD positions as the swap is mitigated. CAD has had a massive run and has reversed on the daily against the USD. I would not want to be long CAD here, especially if the SPX rolls over now that QE and Draghi is priced into the mkts.
average hold is 8 days, but usually after I take a profit on the whole thing, I wait for a pullback and then put it on again.
ah the heck with it. I took off the GBP. I'd like to get short the dollar longterm against something. My problem is, I don't really want to get long anything else. Already have a gold program, and not sure I want to get into trading DX. But that would probably be the way to go.
I've been spread so long I just don't have the stomache for going back directional, so it's short audcad short eurcad long gbpcad long usdcad which creates long gbpaud short eurgbp short audusd short eurusd