6 Basket Hedge: Large Swap

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Greetings,

Another forum had a post about the following hedge, the poster stated that he was currently earning $80.00 per day on swap and had been doing so for 9 months.

Can anyone tell me what pair the following is based on? You know, like long Eur/Usd Usd/Chf is based on Eur/Chf? Here is the hedge, what pair are we exposed to here?

Buy Gbp/Jpy

Buy Usd/Jpy

Buy Aus/Jpy

Buy Usd/Cad

Buy Eur/Jpy

Sell Eur/Aud

I've been entering 1 mini lot every day and did very well last week. Approximately 2%. But I'd like to know what currency I'm really trading.

Any thoughts?

 

Mike,

Thanks for bringing up this topic as I was looking into similar hedges recently. Quick question with your setup, are you entering equal lots for each pair and if so what amounts are you entering compared to the equity needed.

Best,

 

Mike,

Interesting hedge. Have you suffered much drawdown? I guess the effect of the trades (as opposed to the swap) is averaged out if you're adding new orders daily.

Can you post a statement please?

Thanks

 

I think it goes like this..

Buy GBPJPY Buy GBPUSD Sell USDJPY

Buy USDJPY Buy USDJPY

Buy AUDJPY Buy AUDUSD Sell USDJPY

Buy USDCAD Buy USDCAD

Buy EURJPY Buy EURJPY

Sell EURAUD Buy AUDUSD Sell EURUSD

Looks like you'd be exposed to a number of currency pairs..

 

Hi,

Interested hedging topic...anyone have more information about this ???

Thanks

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