USDINR Trading by a Bank trader

J

jack_the_pipper

Member
#1
#1
I see very little information being shared on internet about USDINR currency futures trading.
Whatever little info is there on internet, that also focusses on just directional trading on USDINR.
how many people here know that calendar spreads trading is very profitable in USDINR. It requires very little margin and can get good returns to investors.
Also, there a few very simple directional strategies which generate regular income.

I will share all my knowledge here in this thread, if there is any interest and if you ask me questions. Else, the thread will die.

Oh.. I almost forgot to introduce myself. I am a forex trader with one of the top 3 banks in the world with over 6 years of experience. Trading - is what I do for my living and only thing I know.

I will share my simple strategies to trade USDINR futures, calendar spreads and options.

So, please start asking me questions.
 
M

murthyavr

Well-Known Member
#2
#2
jack_the_pipper said:
I see very little information being shared on internet about USDINR currency futures trading.
Whatever little info is there on internet, that also focusses on just directional trading on USDINR.
how many people here know that calendar spreads trading is very profitable in USDINR. It requires very little margin and can get good returns to investors.
Also, there a few very simple directional strategies which generate regular income.

I will share all my knowledge here in this thread, if there is any interest and if you ask me questions. Else, the thread will die.

Oh.. I almost forgot to introduce myself. I am a forex trader with one of the top 3 banks in the world with over 6 years of experience. Trading - is what I do for my living and only thing I know.

I will share my simple strategies to trade USDINR futures, calendar spreads and options.

So, please start asking me questions.
Click to expand...
Thanks, please share your strategies..
 
T

trade111

New Member
#4
#4
Thanks Jack,

since long time I was searching a good trade for USDINR and dint find any, I think now get it. hope will extend our knowledge with yours........:)
looking forward to your strategy.

Thanks
Trade111
 
C

comm4300

Well-Known Member
#5
#5
quick question :

There has always been the thinking that currency trading is dampened due to brokerage.

If you have been exposed to retail trading and the brokerage involved, could you share your views on what to expect in terms costs involved. Iam using Zerodha and can have the currency segment enabled if found lucrative.
Example: when i trade crude, i know at the back of my mind that around rs.150[roughly] would be my cost [bge and taxes] and i can scalp/trade accordingly.

so, how many ticks/points [decimal i believe is to the 5th digit] do you expect from your profitable trades?

do you do intraday trading?


thanks.
 
timepass

timepass

Moderator
#6
#6
jack_the_pipper said:
I see very little information being shared on internet about USDINR currency futures trading.
Whatever little info is there on internet, that also focusses on just directional trading on USDINR.
how many people here know that calendar spreads trading is very profitable in USDINR. It requires very little margin and can get good returns to investors.
Also, there a few very simple directional strategies which generate regular income.

I will share all my knowledge here in this thread, if there is any interest and if you ask me questions. Else, the thread will die.

Oh.. I almost forgot to introduce myself. I am a forex trader with one of the top 3 banks in the world with over 6 years of experience. Trading - is what I do for my living and only thing I know.

I will share my simple strategies to trade USDINR futures, calendar spreads and options.

So, please start asking me questions.
Click to expand...
Bhai, which broker/software gives you calendar spreads in NSE-CDS ?? :confused: It's certainly not available in NOW. So you will need to have enough margin for both the legs of the strategy.
 
Last edited:
timepass

timepass

Moderator
#8
#8
jack_the_pipper said:
Calendar spreads require only 1000 rupees margin per lot.
Brokerage - as told to me by a broker - is 5 rupees per lot with possibility to decrease if you do big volumes. So that would mean 1 paisa breakeven for you.
Click to expand...
Which broker ?? Which software ?
 
J

jack_the_pipper

Member
#9
#9
NOW certainly has calendar spreads.
First strategy I want to share is a regular pattern you see every month.

Sell the 2mnth over 1 mnth spread if its above 28 after the 20th of the month. And square it a day before expiry. You will invariably make 5-6 paisa. This is due to exporter roll overs into month end.
I will share more usdinr directional strategies in later posts.
More questions are welcome :)
 
timepass

timepass

Moderator
#10
#10
jack_the_pipper said:
NOW certainly has calendar spreads.
First strategy I want to share is a regular pattern you see every month.

Sell the 2mnth over 1 mnth spread if its above 28 after the 20th of the month. And square it a day before expiry. You will invariably make 5-6 paisa. This is due to exporter roll overs into month end.
I will share more usdinr directional strategies in later posts.
More questions are welcome :)
Click to expand...
Yes, I saw it. Tried it. It is asking for Rs. 2028 as margin, not Rs. 1000.
 
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