Comments on: Cable: Bearish trading strategy

By: Mike

Mike — Tue, 20 Nov 2012 08:32:51 +0000

it’s the same at the end of day, Jack. Only use broker to execute trade, while using excel or Sean’s spreadsheet to track trade.

By: Sean Lee

Sean Lee — Tue, 20 Nov 2012 08:28:50 +0000

Hey Jack, this is where there is a difference between retail and pro platforms. When long 4 and I sell 10, then I’m 6 short. When I sell another 6 then 12 short. Don’t quite understand how retail platforms work when you can have long and short positions at same time? Surely they should nett out?

By: Jack1

Jack1 — Tue, 20 Nov 2012 08:13:12 +0000

I have a confuse, when you get short done at 1.6040 or 1.6090, do you still hold 4 unit long positions? or you plan to exit these 4 unit long some where?

By: Papillon

Papillon — Tue, 20 Nov 2012 07:51:45 +0000

Thanks Sean, i understand the idea and how you have defined those sales levels.

By: Sean Lee

Sean Lee — Tue, 20 Nov 2012 07:45:46 +0000

Hi Papillion, the sales I guess you mean? I’m trying to have a sizeable position with a s/l clearly above 16100 so that’s really my main driving factor. I did have quick look at charts but levels are more driven by p/l concerns

By: Papillon

Papillon — Tue, 20 Nov 2012 07:38:19 +0000

Sean, for this strategy, how did you define the purchases levels at 1.6040, 1.6090 ? Those levels are matched with technicals points ? Or you define the average price you would wish to have and the resultats are 1.6040, 1.6090 ?

Thanks

By: Sean Lee

Sean Lee — Tue, 20 Nov 2012 04:26:23 +0000

Vivien, just have a look at “tradeblotter” in the members section and click on the ‘cable’ page

By: Sean Lee

Sean Lee — Tue, 20 Nov 2012 04:06:45 +0000

Think you’re missing something Vivien, +4 at 15870, -10 at 16040 and -6 at 16090?

By: Vivien

Vivien — Tue, 20 Nov 2012 03:58:42 +0000

Hi Sean, is the average sell correct? I get 1.6065 average for 12 units. (I must be missing something)???