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  • #216,541
  • Mar 25, 2010 4:30pm Mar 25, 2010 4:30pm
Quoting SkyzerFX
NO, because there is no direction. Now you all relaxed and see direction,

but you wasn't that happy back at 1.38

Ok, I'll figure out something..
i did close some shorts at 3692. but i shorted again above 3800 ... so cutting my losses enabled my to prevent 120 additional pip draw down. its part of trading.. i never let a single trade hurt my account much.. cutting a looser before it does, makes the losser a winner.
those who can, do. those who cant, talk about those who can
  • #216,542
  • Mar 25, 2010 4:31pm Mar 25, 2010 4:31pm
Quoting andreypu
obviously not. i would enter long euro as soon as i would see a trend/signal. when i would see another sell signal on the euro, i would close on profit the long and enter the short with a greater amount than the initial lot. at some point if the trend reverses to long i will close the second short and part of my initial short at .8757... it s about averaging your positions and reducing exposure
looks AWSOME

on theory.
  • #216,543
  • Mar 25, 2010 4:37pm Mar 25, 2010 4:37pm
Quoting SkyzerFX
I don't have to know.. All I have to know it's that pair not going to go to

ZERO, then I'll always win.

Let me tell you something.. Here is BlackJack no MAXIMUM (Unlimited) bet with

10$ min bet

and you have 500,000$ now... I will double each bet when lose,

Yes I can lose 10-20 times but not unlimited...

See what I mean???

That's why with $20 bet they have $1000 maximum bet.. But if you have no Maximum? then you always win. Period.
Originally, martingale referred to a class of betting strategies popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Since a gambler with infinite wealth will, with probability 1, eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who advocated it. Of course, none of the gamblers in fact possessed infinite wealth, and the exponential growth of the bets would eventually bankrupt those who chose to use the Martingale. It is widely believed that casinos instituted betting limits specifically to stop Martingale players, but in reality the assumptions behind the strategy are unsound. Players using the Martingale system do not have any long-term mathematical advantage over any other betting system or even randomly placed bets.
Source Wikipedia

The odds of losing a single spin at roulette are q = 20/38 = 52.6316%. If you play a total of 6 spins, the odds of losing 6 times are q6 = 2.1256%, as stated above. However if you play more and more spins, the odds of losing 6 times in a row begin to increase rapidly.

 

  1. In 73 spins, there is a 50.3% chance that you will at some point have lost at least 6 spins in a row. (The chance of still being solvent after the first six spins is 0.978744, and the chance of becoming bankrupt at each subsequent spin is (1-0.526316)x0.021256 = 0.010069, where the first term is the chance that you won the (n-6)th spin - if you had lost the (n-6)th spin, you would have become bankrupt on the (n-1)th spin. Thus over 73 spins the probability of remaining solvent is 0.978744 x (1-0.010069)^67 = 0.49683, and thus the chance of becoming bankrupt is 1-0.49683 = 50.3%.)

  • #216,544
  • Mar 25, 2010 4:41pm Mar 25, 2010 4:41pm
Quoting gatorinla
if it was that easy those pretty buildings with free drinks and nice fake boobies would not exist.

anyway thanks you make trading fun. nothing wrong with a little profit with the fun. if you dont mind i dont either.
Well, i choose this too. The debate gonna be endless even every side post their historical trade. Nothing wrong with the words of course as long as it is fun and healthy. Just trade what you believe. Boundary is subjective in trading. That's why we're here. Because we hate boss

Hey Gator, which boobies do you mean?
Attached Image
or
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Manage your risk accordingly and you're half done your home work.
  • #216,545
  • Mar 25, 2010 4:41pm Mar 25, 2010 4:41pm
of course the casinos are different.
but
a) the currency cannot go to 0 (while i often saw 10 reds in a row) which will ruin you
b) you can bet your martingale system both on long on shorts. even a long euro martingale started at 1.51 would have been in profit (but would have required about 50 000 in the account with an initial lot of 10000 and doubling every pips) because of the retrace from 1.34 to 1.38 area recently.
with a martingale applied both to shorts and longs,,, well you can test it
Andreyou
  • #216,546
  • Mar 25, 2010 4:49pm Mar 25, 2010 4:49pm
Quoting SkyzerFX
I don't have to know.. All I have to know it's that pair not going to go to

ZERO, then I'll always win.

Let me tell you something.. Here is BlackJack no MAXIMUM (Unlimited) bet with

10$ min bet

and you have 500,000$ now... I will double each bet when lose,

Yes I can lose 10-20 times but not unlimited...

See what I mean???

That's why with $20 bet they have $1000 maximum bet.. But if you have no Maximum? then you always win. Period.
But let's say you bet that the price will hit your TP of 100 or your SL of 50. You enter your trades where you think they have a chance of winning.
Shouldn't you also take the loss? Because in the end you will get those back through your winning bet. When you hold the drawdowns, they only get bigger and your capital goes faster, or am I wrong?
  • #216,547
  • Mar 25, 2010 4:51pm Mar 25, 2010 4:51pm


http://ignatpost.com/img/post/108/132462532511.gif
Trend is your the best friend. Ever
  • #216,548
  • Mar 25, 2010 4:53pm Mar 25, 2010 4:53pm
Quoting andreypu
of course the casinos are different.
but
a) the currency cannot go to 0 (while i often saw 10 reds in a row) which will ruin you
b) you can bet your martingale system both on long on shorts. even a long euro martingale started at 1.51 would have been in profit (but would have required about 50 000 in the account with an initial lot of 10000 and doubling every pips) because of the retrace from 1.34 to 1.38 area recently.
with a martingale applied both to shorts and longs,,, well you can test it

Guys,

Could you put money on red and black in the casino and make money? Of course not, if you bet em' both at the same time...you're gonna BE. It's the same in a trade...hello?

I understand you're thinking in just cut the loser short and let the winner run..or just wait it out BUT as long as you hold both sides, you CANNOT make money! Once you close the loser...then you start making PROFIT. Why not just NOT OPEN THE LOSING TRADE IN THE FIRST PLACE. Then just use a system that you're comfortable with.

Basically, what you're saying when you long and short like that is saying "I have no idea where the market is going"...

Just read and learn, the info in this forum is free. There are some good traders here.

I just had to put my two cents in because this BS about long and short @ the same time is just dumb if you're really thinking of just holding both until they turn to profit.

I mean, how do you not see that if you just never open the loser trade you will make more money on the winner? Why not just not trade and wait for a better entry? It is the exact same thing.
  • #216,549
  • Mar 25, 2010 4:57pm Mar 25, 2010 4:57pm
You're all forgetting Skyzer is talking about having the ability to hold on through any drawdown and letting the losing bet ride until it becomes profitable again. If you can withstand any drawdown then it is possible. Of course I doubt he's quite taken into account the cost interest in the long term, but without outside costs it is possible... eventually.
I operate with clear definite rules, if I break them I lose BIG!
  • #216,550
  • Mar 25, 2010 5:27pm Mar 25, 2010 5:27pm
Quoting PipLand
The odds of losing a single spin at roulette are q = 20/38 = 52.6316%. If you play a total of 6...

Wow, it's nearly 20 years ago I studied gambling maths

I studied horse racing odds and how to bet against the bookie. In essence, all gambling institutions have an edge to guarantee them not to lose over a certain length of time.

From memory, many of the UK bookies had horse odds added together at 120%, so even at the worst scenario they were 20% in favour. What we used to try was to take away the odds-on favourite horse (which accounted for over 40% of the bookies odds), on a race course that only had 30% of favourites winning, and bet on all the other horses in the race.

I never made a fortune!
  • #216,551
  • Mar 25, 2010 5:37pm Mar 25, 2010 5:37pm
Quoting Kurti
But let's say you bet that the price will hit your TP of 100 or your SL of 50. You enter your trades where you think they have a chance of winning.
Shouldn't you also take the loss? Because in the end you will get those back through your winning bet. When you hold the drawdowns, they only get bigger and your capital goes faster, or am I wrong?
Guys you not listening what I'm saying. We all have to stop loss because

our bets compare to Account size is LARGE.. You got it???? With 1,000,000

Account and $10 per pip bets you don't have to Stop Loss at all..

IN other words When you buy STOCK at $15 do you set your stop loss at

$14.90 (That's an absurd) ??? That's why 95% of the people lose everytime and it's because

Bets (exposure) compare to account size too big. Period..

Main problem is LARGE amount of $$ placed on very Little movement, that's why you have to

bailout every time with loss.. Almost impossible to win in this situation..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,552
  • Mar 25, 2010 6:03pm Mar 25, 2010 6:03pm
Bounce ?
Disclaimer: Check your 1m charts
  • #216,553
  • Mar 25, 2010 6:05pm Mar 25, 2010 6:05pm
Ok, this looks pointless anyways, since we cannot place 1 mil in the account

but... I start trading Demo this ways right now.. 6 currencies

1 mill acc.. 1 lot bets.. since it's not time consuming I'll check it out..

Need EA for this

P.S

Bought EU on real account.. small lot...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,554
  • Mar 25, 2010 6:17pm Mar 25, 2010 6:17pm
Quoting Ignat B.

Ignat, how about this?
Attached Image (click to enlarge)
Click to Enlarge Name: 132462532511.gif Size: 10 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,555
  • Mar 25, 2010 6:23pm Mar 25, 2010 6:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu_s_buy_15m.jpg Size: 144 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,556
  • Mar 25, 2010 6:26pm Mar 25, 2010 6:26pm
there is a large possibility these problems will start to spill.
Treasury demand is going down, an appreciating dollar well its only going up against the two other sick currencies eur and gbp, will make things worse a lot of european banks mainly british hold u.s debt and are buyers the buying should therefore dry up however they will be looking to offload their treasuries with the dollar gaining. China is also looking to offload now when dollar is on rise. Anyway, before i start going off tangents.
yields in u.s are rising, i am wondering what will happen first, downgrade from rating agencies causes a run on dollar i mean like 5 percent drop in one day or will it be gradual that i do not know, i wish i was that clever. That will spill over to European banks that hold this garbage in my view.

not sure about timing, however treasuries are beginning to lose luster.
  • #216,557
  • Mar 25, 2010 6:27pm Mar 25, 2010 6:27pm
buy???is it all fixed ?
Quoting SkyzerFX
  • #216,558
  • Mar 25, 2010 6:28pm Mar 25, 2010 6:28pm
gator why do u even defend yourself? against him , please learn to trade without indics ,.. naked charts , clouds will clear up and u'll see direction
Quoting gatorinla
i did close some shorts at 3692. but i shorted again above 3800 ... so cutting my losses enabled my to prevent 120 additional pip draw down. its part of trading.. i never let a single trade hurt my account much.. cutting a looser before it does, makes the losser a winner.
  • #216,559
  • Mar 25, 2010 6:36pm Mar 25, 2010 6:36pm
Quoting iefke
buy???is it all fixed ?
No this is just 15m TF.. That's why - up 10 pips so far.

Will leave it overnight..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,560
  • Mar 25, 2010 6:41pm Mar 25, 2010 6:41pm
Skyzer ... The point is if somebody really has $10,000,000 in his pocket why the hell should he sit in front of a PC staring at these candles trying to make $10 or 50 and even worse waiting for the losing position which is we say $200 or $500 in loss to turn into profit and calling all of these "Business" ... isn't that ridiculous at all.

He can make more money breading mushrooms or ostriches in the field.
Discipline + Patience - Fear - Greed = Success
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