DislikedThis system looks very much like t101's. look at my spreadsheetIgnored
EA open position on demo, but not open position on real account. Any Comment 7 replies
Close Losing Position, Set Trailing Stop to Winning Position 2 replies
Extreme long term Hedged Carry Trade Position Building journal 15 replies
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DislikedThis system looks very much like t101's. look at my spreadsheetIgnored
DislikedWhat system? Place a trade in the direction of the trend after an hour of the greatest moving currency and hope it goes or load up on the other side of it if it doesnt.... That aint a system if its based on feel...Its flying by the proverbial seat of your pants. Eventually, that martingale is going to dig you a nasty hole.. I have no doubt that a person can win with feel but I don't have that eye for it so I rely on pure certainty of trade execution. I don't look at the forex market and go...hmm. it broke 100 by 1 pip so its got the gusto to hit...Ignored
DislikedThis system looks very much like t101's. look at my spreadsheetIgnored
DislikedStill trying to figure out why the Gold and Silver were not used in the USA side and AUD/JPY and CAD/JPY on the Jap side. Please explain if I am wrong.Ignored
DislikedHere is my take on all this, all the Buy pairs are correlated and also the sell pairs. When the currencies on either the buy side or the sell side line up and are in profit why not trade the two pairs with the least profit as they are the trailers catching up to the the strong trending pairs.
I have done this with success all week. From corellation trades you always have leaders and then followers and in the Exibit A picture GBP/JPY, and EUR/JPY are leading the sells and the NZD/JPY and USD/JPY are the trailers so I place trades on the last two...Ignored
DislikedThe actual methodology doesnt hold water in this thread.
-"Your indi basket if left untouch will give profit" : Really if that was true all I would have to do is let an equity ea run and collect my profit when volitility picks up. Not sure about that. I can find those ea's all over the place. No problem. However, There is always a difference of some pretty significant spread in the basket unless your on some tight spreads so that line is bull crap.
-Also, profit or loss of a currency is a trend indicator. That is, A price now or a price 15...Ignored
DislikedWhat system? Place a trade in the direction of the trend after an hour of the greatest moving currency and hope it goes or load up on the other side of it if it doesnt.... That aint a system if its based on feel...Its flying by the proverbial seat of your pants. Eventually, that martingale is going to dig you a nasty hole.. I have no doubt that a person can win with feel but I don't have that eye for it so I rely on pure certainty of trade execution. I don't look at the forex market and go...hmm. it broke 100 by 1 pip so its got the gusto to hit...Ignored
DislikedHere is my take on all this, all the Buy pairs are correlated and also the sell pairs. When the currencies on either the buy side or the sell side line up and are in profit why not trade the two pairs with the least profit as they are the trailers catching up to the the strong trending pairs.
I have done this with success all week. From corellation trades you always have leaders and then followers and in the Exibit A picture GBP/JPY, and EUR/JPY are leading the sells and the NZD/JPY and USD/JPY are the trailers so I place trades on the last two...Ignored
DislikedVery viable trading method - you now have 2 tools in the tool box
#3 Why not trade all 10?
but now we are moving away from Chips threadIgnored
Dislikedhow much reading do you like?
the pairs selected are a carefully balance selection - 2 great minds where slung together to figure most of this out T101 and SMJones
blew my mind
but the concept was developed elsewhere and orginally started as a way of trying to perfectly hedge the market to always be gaining positive swap - try getting your head around the numbers in that.
i'll try and find the link to the orignal blog - it's not a FF threadIgnored
Dislikedhow much reading do you like?
the pairs selected are a carefully balance selection - 2 great minds where slung together to figure most of this out T101 and SMJones
blew my mind
but the concept was developed elsewhere and orginally started as a way of trying to perfectly hedge the market to always be gaining positive swap - try getting your head around the numbers in that.
i'll try and find the link to the orignal blog - it's not a FF threadIgnored
DislikedVery viable trading method - you now have 2 tools in the tool box
#3 Why not trade all 10?
but now we are moving away from Chips threadIgnored
DislikedI am here to testify that this system works after you grasp it. I still use a master chart with daily support and resistance this makes me go with the trend at all times because I only thake the breakout trade of the leading pairs and safely enter the trailing pairs that are playing catch up. Thanks Chip for help on what has dumbfounded for a few years. Trading looks easier than it is and the market a beast at all times.Ignored