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Three Pairs Hedging

  • #341
  • Mar 16, 2011 5:09pm Mar 16, 2011 5:09pm
hello fellow trader,i just booked another $485 for one week,listen dont bother yourself with any indicator or whatsoever that you can peredict the direction of pairs,just follow the post #1 and you gonna be on profit soon or later,god bless you cash.
regards
  • #342
  • Mar 16, 2011 5:57pm Mar 16, 2011 5:57pm
Quoting persia
hello fellow trader,i just booked another $485 for one week,listen dont bother yourself with any indicator or whatsoever that you can peredict the direction of pairs,just follow the post #1 and you gonna be on profit soon or later,god bless you cash.
regards

Hi Persia,

Good see you are doing well with this strategy. Could you please advise me if you are using any indicator. How do close the trade when it is in profit?Do monitor the trade manually to close when in profit.

Thank you in advance.
  • #343
  • Mar 16, 2011 6:39pm Mar 16, 2011 6:39pm
Quoting persia
hello fellow trader,i just booked another $485 for one week,listen dont bother yourself with any indicator or whatsoever that you can peredict the direction of pairs,just follow the post #1 and you gonna be on profit soon or later,god bless you cash.
regards
good to hear that you are doing good. My BBS basket (GBP/USD/CHF) is doing well. As now I am up $1600 (160pips).
But there is one thing which scares me a lot. If I opened SSB basket on the same cross I would be down $2400 (240pips).
I wonder for how long it can run in only one direction...
Attached Image (click to enlarge)
Click to Enlarge Name: 20110316_161844.jpg Size: 50 KB
  • #344
  • Mar 16, 2011 7:20pm Mar 16, 2011 7:20pm
Quoting kinect
good to hear that you are doing good. My BBS basket (GBP/USD/CHF) is doing well. As now I am up $1600 (160pips).
But there is one thing which scares me a lot. If I opened SSB basket on the same cross I would be down $2400 (240pips).
I wonder for how long it can run in only one direction...
Attachment
I enjoyed that ride too.It is better you take profit now. If you open SSB and you are in loss position, the market will re-adjust itself in less than 5 trading days from now and you will be in profit. Patience is the key.
  • #345
  • Mar 16, 2011 8:12pm Mar 16, 2011 8:12pm
Quoting oluwadare
I enjoyed that ride too.It is better you take profit now. If you open SSB and you are in loss position, the market will re-adjust itself in less than 5 trading days from now and you will be in profit. Patience is the key.
I want to keep this basket running to see how my profit changes in loss and vice versa. This way I know where I am in the market.
Meanwhile I opened SSB basket for the same pairs, when I was +$200 on my BBS, hoping it will reverse. So on this one I am -$1300 (130pips) down.

I saw my profit changing from $1200 to $850 and this would be the best moment to open SSB and grab $100 (10pips), but it's hard to predict.
What I'm trying to do is find the way to choose the basket which will give me profit in couple hours, so I don't have to deal with big DD.
  • #346
  • Mar 16, 2011 8:18pm Mar 16, 2011 8:18pm
Quoting netwatchpips
Hi Persia,

Good see you are doing well with this strategy. Could you please advise me if you are using any indicator. How do close the trade when it is in profit?Do monitor the trade manually to close when in profit.

Thank you in advance.
hi, i dont use any indi and any ea and i watch the pairs manually
  • #347
  • Mar 16, 2011 10:54pm Mar 16, 2011 10:54pm
Quoting IamTHAT
You are right. Look at the profit chart of BBS Basket gbpusd, usdchf and gbpchf. It is inverse of usdchf. In effect when usdchf moves down BBS makes profit and vice versa. Either you can trade basket or single pair.
Thanks..I forgot about that indicator.

Thats correct. That baskets creates short exposure to usd/chf so your PL will mirror whatever usd/chf does. I think your chart proves that very clearly. So now that you understand that, can you see how it would be dangerous to just throw on a basket and hope. What happens if you had SSB on that basket. How much DD would you have and if trading real $ would you be able to stomach the DD. Yea it may turn around and go your way but what if it doesnt. You would have to get out at some point. So trading this system or any system without some kind of risk management is just long term suicide. Sooner or later one of the baskets will go against you and those 1800.00 in profits will vaporize..quickly.

Again, not saying the system is bad or cant be traded well, just understand the risks involved.
  • #348
  • Mar 17, 2011 12:36pm Mar 17, 2011 12:36pm
Quoting persia
hello,i booked $1778 since 2/18/2011 until now with this simple and yet great strategy.
Great to see good results of using this system.

Could you say more about your trades??
Do all your trades get benefit?? or maybe some you have finished without profit??
How long you had to wait to obtain profit??
Haw many trades you made to obtain this result: 1778$ ??

Best Regards
Martin from Poland
  • #349
  • Mar 17, 2011 11:26pm Mar 17, 2011 11:26pm
Hi All,

I've been enjoying this system and i guess after all profitable weeks, the time has reached where gbpchf is making a turning point and it in a major draw down now.

I'm thinking if it would return negative.


GBPUSD = Buy
USDCHF = Buy
GBPCHF = Sell
  • #350
  • Mar 18, 2011 9:10am Mar 18, 2011 9:10am
9 ppl out of 10 using this sys and making huge profits DO NOT understand why.

however, there is no doubt, in future, 9 ppl out of 10 using this sys and making huge loss start to understand why.

visiting this thread is pretty entertaining.
  • #351
  • Mar 18, 2011 10:36pm Mar 18, 2011 10:36pm
Yeah, I spoke to soon, somehow my major drawdown was -400pips now came back to -50pips... its rotating on me alright..

maybe i've reach the day to condemn this strategy. but for now i don't mind loosing one or 2 trades cause i in opposite i have winning 10 trades + - = positive.

i have not tried other pairs that is not working profitably as it only averaging in general and i had to close them and just loose on the spreads except for gbpusd, usdchf and gbpchf.

Does anyone tried other pairs and if its working?
  • #352
  • Mar 19, 2011 6:11am Mar 19, 2011 6:11am
Quoting charvo
9 ppl out of 10 using this sys and making huge profits DO NOT understand why.

however, there is no doubt, in future, 9 ppl out of 10 using this sys and making huge loss start to understand why.

visiting this thread is pretty entertaining.
Yaa... Its really intersting to watch this thread and peoples reaction.. I think most of them are new to forex..

I have tried such system but all are waste of time...

But Let them rediscover this system...
  • #353
  • Mar 19, 2011 3:12pm Mar 19, 2011 3:12pm
Quoting 24hrs
Yaa... Its really intersting to watch this thread and peoples reaction.. I think most of them are new to forex..

I have tried such system but all are waste of time...

But Let them rediscover this system...
$2450 is not enough yet for you guys,i achieved that on one month without any
prediction at all,i still believe the system is great,so be positive and dont make
yourself upper than others.
regards
  • #354
  • Mar 19, 2011 5:18pm Mar 19, 2011 5:18pm
On 16th March I've opened basket with eurgbp, gbpusd, eurusd (BBS) - 1 lot per trade. Two days later there is 1294 $ loss... of course demo account.
Be careful with this strategy
  • #355
  • Mar 19, 2011 6:39pm Mar 19, 2011 6:39pm
Quoting makofski
On 16th March I've opened basket with eurgbp, gbpusd, eurusd (BBS) - 1 lot per trade. Two days later there is 1294 $ loss... of course demo account.
Be careful with this strategy
i also have seen $1500 loss but after while it returned to profit,again patience
is most important key here.
  • #356
  • Mar 19, 2011 7:25pm Mar 19, 2011 7:25pm
I stated this before, but why not just hedge outside of trading range /parameter ?
  • #357
  • Mar 19, 2011 10:52pm Mar 19, 2011 10:52pm
Quoting persia
$2450 is not enough yet for you guys,i achieved that on one month without any
prediction at all,i still believe the system is great,so be positive and dont make
yourself upper than others.
regards
Persia,

I will cut you some slack because by your comments, you seem like a new and inexperienced trader. Your comment above about "upper" people shows this. No one is trying to be upper than anyone else. Every system in forex has risks and drawbacks. Some of the kinder people here are only trying to show what those are. You would be wise to listen. A few weeks of good profits on demo mean nothing. A few bad trades and those wonderful profits will be gone. Being "positive" in forex wont make you money, being informed might.

Re-read the post by Charvo a few before this one. If you dont understand how the basket makes a profit, then you wont understand when it loses.

"If you open SSB and you are in loss position, the market will re-adjust itself in less than 5 trading days from now and you will be in profit. Patience is the key. "

This was the best quote Ive seen on this thread, well maybe not the best but it sure made me laugh. Now that I know trends are on a 5 day schedule I should be rich soon.
  • #358
  • Mar 20, 2011 6:57am Mar 20, 2011 6:57am
Quoting thorn

"If you open SSB and you are in loss position, the market will re-adjust itself in less than 5 trading days from now and you will be in profit. Patience is the key. "
are you completely sure ? let's assume that one day market is ideally synchronized (let's call it zero level), you open SSB, the day later market unsynchronized in your direction (let's call it "minus direction"), you take profit and next what market is going to do is synchronize back to zero level (this strategy assumes so). But before market synchronized some other trader opens his platform and decided to open SSB basket but the market is at "minus level" and trader does not know that. What happens ? Next days market is synchronizing in zero level direction (means losses for our trader), another next days it is unsynchronizing in "plus" direction so our trader waits and waits with bigger losses, after week market synchronizes back and goes in minus direction, our trader (if realized that he played at bad moment) may close trade without loss, but is he able to take profit ? I don't think so (be aware of swap).
  • #359
  • Mar 20, 2011 7:24am Mar 20, 2011 7:24am
I read the first page of this thread, I swear I did... and all I could think was....

Why not just put the time in to learn how to trade and make some real money instead.
  • #360
  • Mar 20, 2011 5:24pm Mar 20, 2011 5:24pm
Quoting thorn
Persia,

I will cut you some slack because by your comments, you seem like a new and...
who do you think you are that want to judge me through my comments,this is a free and public forum that everyone can speak,+10 years is enough for me to earn my money from forex but i always welcome a new idea to improve this exciting business,i dont care about others experience until that i get the result bu myself,why you are pushing people to accept your thought since you dont like others experience, yes i did those trade and still getting very good result and i have to remind you the statement that you mentioed in your post is not mine so please let people think and get experience by themselfs.
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