Rapier (By forex_trader_261000)
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Rapier Discussion

forex_trader_261000
Member Since Jul 06, 2015
45 posts
Dec 31, 2015 at 16:48
Member Since Jul 06, 2015
45 posts
EUR/USD: We finally got into the 1.08-fifties. The continued weakness in the Pound lead to a bid tone on the EUR/GBP pair which led to buying in the EUR/USD pair and although the fundamentals said 1.10 should not be breached, the low volume during the holiday kept the latter pair inflated. We've cut some positive positions and will look to manage the remaining open positions throughout the rest of the day and into 2016 if required. It's just not sensible to leave the whole lot running at this crucial time.
Best wishes to all our followers for 2016.
Kevin
Best wishes to all our followers for 2016.
Kevin

forex_trader_261000
Member Since Jul 06, 2015
45 posts
Jan 09, 2016 at 12:57
Member Since Jul 06, 2015
45 posts
EUR/USD, Friday's US NFP strong figure caused a spike lower in price action but not a continuation. There was a good reason for this: The spike caused a flurry of buy backs when the price action went lower through several key Bollinger band time frames where 95% of the price action will remain inside the bands. Interestingly, had the figure not been so strong, say around +200K jobs added, we might have seen a steady continuation lower in the pair. But this, coupled with the fact that 'cable' was being heavily sold, and a repeat of the recent trend to buy EUR/GBP as a hedge kept the EUR/USD pair elevated. This price action was also a repeat set up of the recent US interest rate hike, but without the subsequent sell off in the latter pair after it bounced from its lows post announcement.

forex_trader_261000
Member Since Jul 06, 2015
45 posts
Mar 15, 2016 at 12:17
Member Since Jul 06, 2015
45 posts
Marx64, et al, GBP/USD trade, Brexit idea and lately a Morgan Stanley trade recommendation to short the pair to 1.3500. Goldman Sachs also recommend a short position on the pair with a long Dollar outlook going into this weeks FOMC.
Naturally we are unhappy with the results as they stand for March, nor for February, even though we eventually returned nearly +2% on our account (a lot more than an investor will get from a high street bank at the moment). Also, copy traders have the ability to set their own risk parameters via their broker platform and Signalstart.
Looking to the future our trades will be limited to 1 standard lot on a single currency pair trade. However, we shall be looking to introduce hedging: including trading in the same pair, but in the opposite direction, if required. This is something we have resisted until now because some copy traders may not currently have such a facility with their broker and by undertaking such action at the present moment in time might result in unnecessary loss to a copy trader’s account. Further details will be posted in due course before this strategy is implemented.
We will also be increasing the overall lot size to 3 standard lots.
Naturally we are unhappy with the results as they stand for March, nor for February, even though we eventually returned nearly +2% on our account (a lot more than an investor will get from a high street bank at the moment). Also, copy traders have the ability to set their own risk parameters via their broker platform and Signalstart.
Looking to the future our trades will be limited to 1 standard lot on a single currency pair trade. However, we shall be looking to introduce hedging: including trading in the same pair, but in the opposite direction, if required. This is something we have resisted until now because some copy traders may not currently have such a facility with their broker and by undertaking such action at the present moment in time might result in unnecessary loss to a copy trader’s account. Further details will be posted in due course before this strategy is implemented.
We will also be increasing the overall lot size to 3 standard lots.

forex_trader_261000
Member Since Jul 06, 2015
45 posts

forex_trader_261000
Member Since Jul 06, 2015
45 posts

forex_trader_261000
Member Since Jul 06, 2015
45 posts

forex_trader_95486
Member Since Oct 17, 2012
29 posts
Member Since Jan 05, 2016
1097 posts
Nov 18, 2016 at 22:20
Member Since Jan 05, 2016
1097 posts

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