- Was just toying around with this when I initiated a fresh long at 975 yesterday.
- Price action and charts today indicate that I might be on to something serious here. See periscope candles on daily and weekly charts.
- Added to long at 979.
- Next action point : Add on break of 995.
4 comments:
Hi TS,
Can I find out, how do you execute this trade? Is it through etf or something?
Tks for your help.
Hi Ryan
Unfortunately there is no ETF (that I know of) to do this.
The way I do it is via 2 outright futures contracts which is certainly not brokerage- or margin- efficient.
Based on Dollar Value,
Buy 1 GCZ0 = USD 137700
Sell 1 UROZ0 = EUR 125000 = 176000
So ratio is 1.28 URO : 1 GC
Normally if it doesn't round up nicely due to limited trading sizes, I would take an outright view on the stub.
Hope this helps.
Hi TS,
Thanks for the explanation. It helps.
Regards
Ryan
Trade not working though ...
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