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Hedge and Correlation Strategy

  • #761
  • Sep 3, 2009 9:30am Sep 3, 2009 9:30am
Just closed GU/GC for $1.55 on $89 account
  • #762
  • Sep 3, 2009 9:40am Sep 3, 2009 9:40am
Quoting jeffreytp
Just closed GU/GC for $1.55 on $89 account

just opened this trade going the other way than you im sure
  • #763
  • Sep 3, 2009 9:44am Sep 3, 2009 9:44am
Quoting jtmoore007
just opened this trade going the other way than you im sure

AND CLOSED 12 min $51
  • #764
  • Sep 3, 2009 9:57am Sep 3, 2009 9:57am
Quoting jtmoore007
AND CLOSED 12 min $51

Seemed a little early to open.... good trade though. Which EA are you using to close trades? Is it the one I posted?
  • #765
  • Sep 3, 2009 10:01am Sep 3, 2009 10:01am
Quoting jeffreytp
Seemed a little early to open.... good trade though. Which EA are you using to close trades? Is it the one I posted?

well i think ive hit on something here. want to try it a few more times...... im using takeprofit ea from this thread. click paperclip it is on 2nd or 3rd page. there are a ton of these eas. just pick the one you like the best. i like this one. 1 input: take profit
  • #766
  • Sep 3, 2009 10:17am Sep 3, 2009 10:17am
you guys are crazy... paying double spread for nothing
  • #767
  • Sep 3, 2009 10:19am Sep 3, 2009 10:19am
Quoting Dreamliner
I just closed the JPY pairs for nearly 2% on each. I think we'll be well over 10% profit this week.
What is your reasoning for the pairs to come back and cross each other again?
Probability Professor
  • #768
  • Sep 3, 2009 10:22am Sep 3, 2009 10:22am
Quoting Petronix
you guys are crazy... paying double spread for nothing
This has got to be one of the most ill-informed, unintelligent, un-studied, response I've seen.

OK let me get this straight: I have made over 1% per day (most days are 2% and some are 5-10%), and have done so since March, and have never taken a loss, and have taught many others to do the same, many of whom are posting here, and have done so with very little drawdown, and yet I am "crazy"? And all this is "for nothing?"

I hardly even know how to respond to this kind of unintelligence.
  • #769
  • Sep 3, 2009 10:23am Sep 3, 2009 10:23am
Quoting Galation
What is your reasoning for the pairs to come back and cross each other again?
Historical probability. Statistical probability. They have done it for as long as I have been trading. Now of course, they may all of a sudden defy history and stop doing it. Instead of coming back together they may split farther apart, and take all my money.

That's the risk we take.
  • #770
  • Sep 3, 2009 10:30am Sep 3, 2009 10:30am
edited
  • #771
  • Sep 3, 2009 10:31am Sep 3, 2009 10:31am
Quoting Petronix
you guys are crazy... paying double spread for nothing

then dont do it !!! PRETTY EASY
  • #772
  • Sep 3, 2009 10:40am Sep 3, 2009 10:40am
i'm sorry... i thought you had a sense of humor Now really....you want to make money like that, start trading WTI. It jumps back and forth a great deal each day, ignore losses, cause price does come back to your entry and past, all the way into the profit. dont forget to double your lot size.
  • #773
  • Sep 3, 2009 10:44am Sep 3, 2009 10:44am
Quoting Petronix
i'm sorry... i thought you had a sense of humor Now really....you want to make money like that, start trading WTI. It jumps back and forth a great deal each day, ignore losses, cause price does come back to your entry and past, all the way into the profit. dont forget to double your lot size.
What is WTI? and no, I don't Martingale, that's a sure way to blow up an account, thanks anyway.
  • #774
  • Sep 3, 2009 10:57am Sep 3, 2009 10:57am
Quoting Galation
Why are you being defensive. I was not coming at you from an agressive point at all. I was coming from the stand point that I like the strategy, but I like to have underlying reasons behind why it works.

I think I need an apology.
Why would you posibly think I was being defensive?

You asked my reasoning for why they would come back together. I said because of history, but that might not happen forever.

And you think I was being defensive?

Wow, touchy touchy!
  • #775
  • Sep 3, 2009 11:00am Sep 3, 2009 11:00am
Quoting Galation
Why are you being defensive. I was not coming at you from an agressive point at all. I was coming from the stand point that I like the strategy, but I like to have underlying reasons behind why it works.

I think I need an apology.
I think I have confused myself here I thought you were responding to me in that post Sorry!
Probability Professor
  • #776
  • Sep 3, 2009 11:01am Sep 3, 2009 11:01am
Quoting Galation
I think I have confused myself here I thought you were responding to me in that post Sorry!
Now I'm confused! Let's forget it, and stick to the subject of trading this methodology.
  • #777
  • Sep 3, 2009 11:04am Sep 3, 2009 11:04am
Dreamliner, when you buy EURUSD and sell GBPUSD, you buy EURGBP. When you sell EURUSD and buy GBPUSD, you sell EURGBP. Same goes for other crosses that you may trade. Now rather then opening a one lot position with a trend on EURGBP chart, you are opening a double lot position on EURGBP by opening one lot in EURUSD and another in GBPUSD. you are misguiding people a bit on this thread by saying you are hedging. In fact what you are doing is trading a very nice range market in a nice channel. You make money because price keeps coming back to your entry point, it goes past it and you take profit. Just open EURGBP, put a linear regression channel on, and see for yourself. You can make double what you are making. And you can use the price convergence/divergence to see which side to take. i hope i made it clear.
  • #778
  • Sep 3, 2009 11:08am Sep 3, 2009 11:08am
Quoting Petronix
Dreamliner, when you buy EURUSD and sell GBPUSD, you buy EURGBP. When you sell EURUSD and buy GBPUSD, you sell EURGBP. Same goes for other crosses that you may trade. Now rather then opening a one lot position with a trend on EURGBP chart, you are opening a double lot position on EURGBP by opening one lot in EURUSD and another in GBPUSD. you are misguiding people a bit on this thread by saying you are hedging. In fact what you are doing is trading a very nice range market in a nice channel. You make money because price keeps coming back to your...
Oh please, don't tell me you're going there with it. The old "Buying EUR/USD and selling GBP/USD is really buying EUR/GBP." This statement is as old as Forex itself, and all the mathematicians try to get in on it and prove it, and thereby cancel this trading method.

This has been discuseed, and dissected, and debated ad nauseum, and I'm not being drawn into another debate here.

Feel free to start your own thread teaching people how you trade EUR/GBP by using the gap on EUR/USD and GBP/USD to do so, and I'll even subscribe to your thread.

This thread, however, is not for that purpose.
  • #779
  • Sep 3, 2009 11:09am Sep 3, 2009 11:09am
this channel is nice. just throw it on EURGBP....beauty. ihope it attached
Attached File(s)
File Type: ex4 SHI_Channel_true.ex4   7 KB | 577 downloads
  • #780
  • Sep 3, 2009 11:17am Sep 3, 2009 11:17am
Quoting Petronix
this channel is nice. just throw it on EURGBP....beauty. ihope it attached
Oops, this belongs in your own thread, friend. We don't use directional trading here.
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