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Now, please explain to us why 95 % lose their money with placing their SL behind the last Swing high/Swing low or S/R line.
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Now, please explain to us why 95 % lose their money with placing their SL behind the last Swing high/Swing low or S/R line.
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DislikedI can confirm that Currenex is the same. So we have 2 professional level platforms that do not allow hedging vs. MT4. Hmmmm. The clients and designers of Currenex probably couldn't solve a grade 2 math problem .Ignored
DislikedCurrenex, like other higher end platforms, accounts for positions in terms of exposure... Plus, in an effort to keep trading costs down, most institutional traders would rather execute on the closing leg of the swap than open a new position that has to be closed later with yet another transaction.Ignored
DislikedI thought we already dealt with the fallacy of this example.. and moved on. Why are you flogging it about again?Ignored
DislikedBob, I have a degree in physics. In physics, there is A LOT of very complex math. There is a lot of linear algebra, and even more differential equations. While the math we do is not quite as rigorous as what pure mathematicians do, for you to imply that I can't solve a 3 step math problem is an absurd statement.
I understand there have been a lot of insults thrown around in this thread, from both sides, but I don't believe I have insulted you, so I would ask you for the same civility.
I think the problem with your thinking is that having two...Ignored
DislikedThere is no "fallacy" and what is "flogging" ?
I did not get a clear translation on google.Ignored
The last time you used the argument that all stop loss orders are set at prices commonly hit, that all SL users put their stops in places that are likely to be run, I responded with this:
http://www.forexfactory.com/showthre...17#post5640417
Specifically, I pointed out that you're mixing up the tool (stop orders) with the method (where some traders place them.) Further, it would be illogical for any trader to witness the high likelihood of such a level being tested, and choose to place their stop there anyway (heck, if they saw it was as common as your post made it seem, they'd place their entry order there instead.. since that's the action with a higher positive expectancy.)
Instead of defending your claim, you deflected my dialogue with a comment about how stop hunting was just one aspect of this argument... trying to avoid further criticism without coming off as 'wrong'.
http://www.forexfactory.com/showthre...32#post5640432
So I thought you were done making such assertions.. having deflected direct criticism of your statement instead of defending it.
Yet, here we are again.
I hate repeating myself, so if you're going to pull a Bob and just ignore what you can't respond to (no offence Bob ;P), while continuing to post the same thing in error over and over, then I'm just going to wish you happy trading and leave this alone.
DislikedDang, all of this writing and it takes one sentence to defeat it. If 1-1 = 0 then why do I still have 1 trade left when i close one? That is because 1+1=2
Merlin's challenge is a farce because there is no way to collect on it. If he puts the sum up in a neutral bank so I could legitimately collect on it. All I would have to do is place two trades. Let one profit, let price reverse and let it profit and prove him wrong and collect. The problem is I could never collect the money because he would never put it up into a neutral bank for collection....Ignored
DislikedDang, all of this writing and it takes one sentence to defeat it. If 1-1 = 0 then why do I still have 1 trade left when i close one?Ignored
DislikedHey I read your examples and agreed. I was already on your side though...Ignored
DislikedI am actually very sad that nobody read my examples. Or they read it but just would not accept the fact. My example is so clear and so precise of why hedging is in fact not a mutually exclusive event.
Bob. You may open 2 trades and they may show up as 2 trades on your MT4. But in the end, the "inventory" is yours.
If you go back to basics, you are owning and selling currencies. Regardless of how many positions you open you are still doing so from the same pool. That is why it is not a separate and mutually exclusive trade. You can never get...Ignored
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I am actually very sad that nobody read my examples. Or they read it but just would not accept the fact. My example is so clear and so precise of why hedging is in fact not a mutually exclusive event.Ignored
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If you can prove that we can't replicate your trade 100% by not hedging, I'm sure the trading community will be very interested in your findings. In fact, you could probably get a doctorate for disproving hundreds of years of basic finance.Ignored
DislikedBob my good sir...
If your conviction is as great as you believe it to be, I look forward to your book in the near future on hedging on the same pair.
If you choose not to write a book, at least post your discovery in an intellectual body such as universities. I believe many professors of finance will be interested in your discovery. In fact, who knows, they may even award you a phd for your thesis.
If you do write a paper on this, do link me to it. I will more than be happy to read through the entire thesis without bias as I always do with any...Ignored
DislikedMy trading methods are public knowledge and an open book. Just go to my 10.2 thread and read. You wont find hedging there because I cant hedge in the USA. If I could I would have no problem holding onto any long term positions while I take the opposite position on a short term trade. The idea that I cant trade long term and short term at the same time to me is very silly. Because of such silly rules you overcome this by having two accounts. One for short term trading and one for long term. It was easier having one. I suppose in your thinking I would...Ignored
QuoteDislikedI suppose in your thinking I would have to go into my long term accounts and close my buys so I then could go to my short term account and do a sell. When the sell is done I could then go back and reestablish my buys in my long term account.
DislikedDang, all of this writing and it takes one sentence to defeat it. If 1-1 = 0 then why do I still have 1 trade left when i close one? That is because 1+1=2
Merlin's challenge is a farce because there is no way to collect on it. If he puts the sum up in a neutral bank so I could legitimately collect on it. All I would have to do is place two trades. Let one profit, let price reverse and let it profit and prove him wrong and collect. The problem is I could never collect the money because he would never put it up into a neutral bank for collection....Ignored
DislikedI am not the kind of guy to sit and talk i am a action guy.. action is the only thing that gets us traders to anywhere.. so i am not going to argue about your logic or etc, even though i can say a lot.. so..
Ok Bob.. Merlins offer is a farce.. others are stupid and got no logic or don't know math or etc,.. ok.. wouldn't you think at some point you'll need to prove all this one way lectures of yours for years!!.. make it real.. how about just open a small 5k explorer account and trade it like you preach.. prove to all these guys and the world...Ignored