QuantumLogicTrading

ECB DRAGHI & BOE FORBES SPEECH HIGHLIGHTS - EURGBP GBPUSD EURUSD

FX:EURGBP   Euro / British Pound
ECB DRAGHI:

-ECB'S DRAGHI SAYS OVERBANKING A FACTOR IN LOW LEVEL OF BANK PROFITABILITY
-ECB'S DRAGHI SAYS OVERCAPACITY MEANS SECTOR IS NOT EFFICIENT
-ECB'S DRAGHI SAYS LIFE INSURERS FACE WEAK PROFITABILITY UNLESS THEY REFORM BUSINESS MODELS
-ECB'S DRAGHI SAYS MARGIN AND HAIRCUT REQUIREMENTS COULD IMPROVE FINANCIAL STABILITY


BOE'€™S FORBES: NOT YET CONVINCED THAT ADDITIONAL MONETARY EASING WILL BE NECESSARY
-Did not support asset purchases as felt costs were greater than benefits
-Now QE announced, will not be voting against it each month, barring substantial economic change
-Behaviour of consumers and businesses, and evolution of prices is critically important in determining the appropriate action
-Initial effect on the economy of the referendum has been less stormy than many expected
-Some evidence that companies are delaying major investments; commercial property and housing market are weaker
-Consumer spending is strong and net exports are poised to pick up
-Aggregate impact of all of these forces appears to be a modest slowing in the economy to date
Comment: BOE'S FORBES: LATEST DATA POINTS TO UPGRADES IN BOE FORECASTS
- puts less weight on some of the more immediate gloomy indicators from UK
- need to be cautious in reading more positive recent data too
- Assuming recent path of data continues, it points to better BOE growth forecasts
- Prefers to adjust interest rates rather than altering QE
Doing an excellent job .

If you can explain the pros and cons of using proportionate lots vs constant lots. And in both the cases how to measure drawdown and manage it without getting panicky.

Can you suggest any pair which has strong range-trading pattern so that a spot fx hedge can be used and profit taken at both sides?

Reply
Thanks.

Proportionate vs constant lots? im not sure what you mean, proportionate to what?

a fx "Hedge" in the manner you describe is really gambling.. theres no FX pair which i would recommend this strategy.

It is used in options e.g. a long straddle. but in spot fx it isnt advised, youre very unlikely to make money.
Reply
especially if you add in spread and commissions, which makes it even harder to make money on a "spot straddle".

I suggest trying it in a demo before using a real account.. if the strategy works on demo it will have amuch better chance imo
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