wolfecapital forex trades

[Jaketrader]

I have the following trades on

Short usd/chf at 1.3147 short eur/chf at 1.5642 long euro at 1.1866

http://wolfecapital.blogspot.com for targets etc....

[faure]

I see on your blog you are long both eur chf against the dollar. It seems to me you have the same position on with twice the normal position size since they are both extremely closely correlated. Why not just pick the stronger one of the two go with it?

[Jaketrader]

Originally Posted by faure

I see on your blog you are long both eur chf against the dollar. It seems to me you have the same position on with twice the normal position size since they are both extremely closely correlated. Why not just pick the stronger one of the two go with it?

The reason being is that at the time the chf was the one moving more if you look at one week volatility in the options whereas the euro was stuck in a very narrow range by middle of last week euro vol picked up both trades ended up going with the euro actually outperforming in the crosses. Eur/jpy eur/gbp etc.....

See my blog you'll see my targets etc...
http://wolfecapital.blogspot.com/