GBP Buy vs. JPY, USD, CHF For 1-3 Weeks AUG16

Trading Discussion Currencies
1

Friday, August 16th, 2019

Great British Pound Position Idea

Max Leverage = 10x (GBP) + 4x (AUD)
Anticipated duration = 1-8 weeks
Estimated duration / estimated gain = 2-3 weeks / 15%
Approx. target distance from quote / maximum gain = 2% (2% x (10 + 4 = 14) = 28%) / 40%
Overnight interest profit or loss (estimate) = 5% YTD (+0.0027% (+27% of 1%) per day)

GBPJPY
Leverage = 4x
Quote / Target / Difference = 129.2 / 132 / 2.1%

AUDJPY
Leverage = 2x
Quote / Target / Difference = 72.10 / 74.00 / 1.6%

GBPUSD
Leverage = 4x
Quote / Target / Difference = 1.214 / 1.235 / 1.7%

AUDUSD
Leverage = 1x
Quote / Target / Difference = 0.677 / 0.69 / 1.9%

GBPCHF
Leverage = 2x
Quote / Target / Difference = 1.1893 / 1.21 / 1.7%

AUDCHF
Leverage = 1x
Quote / Target / Difference = 0.664 / 0.68 / 2.4%

2

Adding Euro to hedge, this will further diversify.

EURUSD
Leverage = 2x
Quote / Target / Difference = 1.109 / 1.12 / 1%

EURJPY
Leverage = 2x
Quote / Target / Difference = 118 / 120 / 1.6%

EURCHF
Leverage = 2x
Quote / Target / Difference = 1.085 / 1.095 / 0.9%

Max Leverage Updated To 10x (GBP) + 4x (AUD) + 6x (EUR) = 20x
Estimated Gain Updated To 20%
Maximum Gain Possible Updated To 40%

3

Friday, August 16th Quote

August 22nd, GBPCHF closing time. GBPCHF quote 1.204. Original quote 1.1893, a 1.2% difference in 7 days. Original target was 1.21, remaining 0.5% from target discarded.