Like a Horse race

Imagine horses running for a race.
Horses are named EUR, CHF, USD, GBD, etc...

For 10mn,
EUR runs twice faster than CHF (=EUR/CHF goes up),
USD runs twice slower than GBD but faster than CAD,
USD runs as fast as CHF, etc...
etc...
etc...

Could'nt we calculate a horse ranking : the very best horse is AUD, the second is JPY, etc...
From that fact, could'nt we guess that the first horse will be better than the last one and so, buy the pair [first/last].

What do you think of that?

It’s not a Horse Race
Call it what you like. Its the BEST game in town.

I can place my bet and once it moves out of the gates (buy trigger) then decides to turn back the other way (retrace) I can go to my bookie (Broker) and get my money back--you can't.

I can even place my bet AFTER I can see its bolted out of the gate.(Market order).

I can adjust my odds to whatever I like (Reward to Risk).

If my horse (Currency pair) Turns around during the race to the line (My target) and runs in the opposite direction I can go to my bookie and grab part of my potential profits.

Not only that but I can take my partial profits and then Back it to go the other way! (Go short).

If my horse reaches the finish line (My target) I can let it keep going all the time making even bigger profits.(Let profits run).

The more people who invest in my horse (Volume) the faster it goes (Range) and the more I make.With horse racing the more who back a horse the shorter the odds!

If I like the way my horse is running to the finish line my bookie will let me put more on it---during the race!! (Add to winning positions)

I can back horses to go in different directions in the same race.

You can't.

I"ve been doing that for years. Know you've let the cat out of the bag. way to go...


Seriously though, it's a great method for a lot of reasons. But I'll let you figure those out.

JR97, I never thought someone could use this as a strategy. It was just an idea I had this morning.
Can you tell me more about this kind of trading? Do you still use it today?

I'll be serious here....
I watch several currency pairs at a time.
Now, let's say that Gbp/$ is looking long.
OK, now let's look at another horse >> $/Yen.

If $/Yen is looking long also, I want to buy Gbp/Yen.

But if $/Yen is ranging or undecided..... then maybe I should just go ahead and buy Gbp/$.

That's a simplified explanation, but it is noteworthy.

It's all about "Buy the strongest / Sell the weakest"

I still use it to determine which pairs I want to trade. Not only a daily basis anymore, but more like quarterly.

But consider this.. it's not just about which horse runs the fastest, it's also which horse runs the furthest. Plus, on this race track, horses can run in both directions.