Eagles

N

NoMoWork

Member
Just watched (listened to) the Eagles video in the library. They discussed something called the Aussie (spelling??) trade. Does anyone know what that trade is?
 
I am not sure if that was a trade strategy name
From what I understood from the discussion in the beginning section of the video I think it was just a talk about the market in general so I think that was a reference the the Aussie meaning the Australian dollar

Later on in the video there was a trade that someone referred to as the Cat trade which I thought it was kind of interesting
That was a discussion about the 50/60 BWB and how to adjust it on the downside which looks to me like a better adjustment that could be done on the A14 trade using the calendar
 
I'm afraid I fell asleep during the first part of the discussion, but will listen to it again. I thought they were discussing the strategy where they were continuously rolling a futures contract
 
I skipped over the futures part sine I am not trading futures
If that's all they did it can't be much of complicated strategy
 
I listened to the futures part but I can't say I could make out what exactly is the trade strategy since they did not show any examples
It's as you said rolling futures contracts but I am not sure what makes it Aussie
It seems like a lot of work including getting assigned , high commissions and wide bid/ask prices just to make 80 dollars on 5 contracts
I guess it's ok for small accounts if you are into futures but it's not for me
 
status1 said:
I am not sure if that was a trade strategy name
From what I understood from the discussion in the beginning section of the video I think it was just a talk about the market in general so I think that was a reference the the Aussie meaning the Australian dollar

Later on in the video there was a trade that someone referred to as the Cat trade which I thought it was kind of interesting
That was a discussion about the 50/60 BWB and how to adjust it on the downside which looks to me like a better adjustment that could be done on the A14 trade using the calendar
Click to expand...
what was the downside adjustment on the BWB they proposed ? must have missed on the presentatin ?

who are the eagles ? there was a lot of wisdom and experience on that presentation.
 
The adjustment was to add a flat fly when it's at the 80% range of the lower long and then the next adjustment would be at the 80% of the long of the lower flat fly
I think the Eagles in that case I imagine was just a group experienced traders having a discussion about trading
 
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