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Category Archives: Trades

These is where we share with you the trades that we have executed. We also track our trades for overall profit/loss reconciliation.

13 April; Bought 1 month GBPUSD Put Option and USDJPY Call Option both expiring 15 May

Volatility is low, so it’s increasingly more difficult to do intra day spot trades.

I felt the timing was more appropriate for options so decided to execute the following options: –

1 Month GBPUSD Put Option – Strike at Spot 1.2565, premium at 129bps and BE at 1.2436

1 Month USDJPY Call Option – Strike at Spot 108.85, premium at 1.43yen and BE at 110.29

Let’s see what happens.

20 March; thoughts on GBPUSD

Was trying to get a feel for the range of the GBPUSD.

The 4H  –  High 1.3441, Low 1.2022, spot at about 23.8% retracement level

1H   –   HIgh 1.2560, Low 1.2119, spot just above 61.8% retracement level

It suggests that if there is positive news coming out of the UK that the 1H could breakout and then the 4H begins to be relevant.

Have to keep watching……………….

Fed D Day

I really did not know which way the market is going to move but there was enough buzz in the markeplace to generate sufficient volatility to do my straddle.

At about 1:56am Singapore time I decided to place two straddle trades with the following details: –

EURUSD; Stop if Offered 1.0600, Spot at 1.0630, Stop if Bid 1.0660

USDJPY; Stop if Offered 114.23, Spot 114.53, Stop if Bid 114.83

All SLs at 30bps away.

I decided to square the USDJPY 3 minutes after the announcement at 113.70 and the EURUSD 5 minutes later at 1.0690.

Trading profit of the USDJPY was 0.53yen and EURUSD 30bps.

Not too bad, was hoping for a bigger move, then again, we should be thankful for good and safe trading profits.

 

4 March @ squared all 3 USDJPY call options

On March 4th when USDJPY climbed up to 114.60 I felt that it presented an opportunity for me to get out and since I am still in holiday it’s difficult to pay attention. 

So decided to square all theee options at 114.50. 

My breakeven for the theee options is 113.47 so a nice tidy trading profit of 1.03yen. 

Thank you Lord. 

Going to enjoy the rest of my holiday. 

1 March @ USDJPY Call Option

While on holiday l did another USDJPY call option expiring 10 March with the following details:- 

Spot: 111.86 Premium: 0.90 Breakeven: 112.76

Fingers crossed. 

13 Feb 2017;squared USDJPY call option

I decided not to exit the call option on Friday thinking that it would go higher, but by the time I came back from a late dinner, USDJPY had come back down from 113.70 to about 113.30.

I decided to place a take profit level at 114.00 just in case it bounced back up on Monday morning during Aussie early session.

When I woke up this morning to cook breakfast for my wife, I didn’t pay any attention to the FX rates, but later on, I received an sms from Goldman Sachs informing me that my take profit level was hit at 114.00, in fact, the high was 114.13.

The call option was sold at 114.00 and the resulting trading profit was 0.95yen……not bad!

Now, I still have another outstanding USDJPY call option, however, I have time till mid March.

6 Feb 2017; 1 week USDJPY call option expiring 17 Feb 2017

When US markets opened, USDJPY looked like it was bottoming out.

USDJPY in the past week created a three leg bottom at around 112.20, does it mean that we can potentially see a short term breakout upwards?

I decided to buy a short dated USDJPY call option expiring on Friday, February 17th with the following details: – Strike at Spot; 112.13, Premium 1.0, Breakeven; 113.13.

Now I have two Long call options on the USDJPY.

Let’s see.

1 Feb 2017; UK Mfg PMI

Ever since, Brexit has been looming over the UK, all data attributed to manufacturing and services has been on the radar screen.

This evening was the UK Mfg PMI.  I didn’t really know which way it was going to swing, but I could sense that it would be a weaker data, so I placed a one leg straddle with the following details: –

Stop if Offered at 1.2566, SL at 1.2586 and Spot at 1.2589.

The data came our flat at 55.9 same as forecast, GBPUSD hardly moved, so I withdrew the straddle trade.

 

2 Feb 2017; 1 mth USDJPY Call Option

When I saw the yen strengthened so much yesterday, I decided to do the opposite by buying a 1 month call option with the following details:-

Strike at spot; 112.35, Premium; 1.54, Breakeven 113.90, expiring 6 March 2017.

Let’s see

Short AUDUSD

2017 will be the year most OECD countries will be looking at inflation as a gauge of economic growth.

Today was Australia’s turn on CPI, forecast was 0.7%.

I decided to place a straddle trade with the following details: –

Stop if Offered at 0.7565 (SL at 0.7585), Spot at 0.7595, Stop if Bid at 0.76230 (SL at 0.7595)

As it turned out I was surprised at the lower CPI number of 0.5% and with trimmed figures at 0.4%.  I wasn’t suspecting this to happen as I believe inflation is running alittle wild in Australia.

Nonetheless, my Stop if Offered was triggered at 0.7565 and I squared the position at 0.7540 for a trading profit of 25bps.