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  • #895,121
  • May 6, 2014 1:42am May 6, 2014 1:42am
Quoting ffleo
{quote} ok, it is series. I said when the series gets long enough the limit of A(n)/A(n-1) = 1.618. Ok forget about the Fibonacci number. If you open long and short on the same pair, you wont make profit, they cancel each other on any price movement.
/palm to face.

No, it is under two separate accounts, two separate trades.

I ask you again, after calling me a dumbF, go and prove my math wrong.

second.

again.

A short lot = 10,000 units .. those units are positive no matter what, so the short is absolute.

Right now, by your math, that is 110,000 units open right now as we speak.

short a pair is a negative ... the value isn't negative ... that is impossible, the symbol is absolute. there are 110,000 units.

Seriously, and you call me dumb.
  • #895,122
  • May 6, 2014 1:44am May 6, 2014 1:44am
Quoting ffleo
{quote} that even more silly. One account long a pair, another account short the same pair. One account lose and the other account gain. In the end they cancel each other.
did you prove my math wrong yet?

aside from that, you literally make my head hurt.

1 = 2, yes you are right, feel better? bye
  • #895,123
  • May 6, 2014 1:46am May 6, 2014 1:46am
Quoting ffleo
{quote} that even more silly. One account long a pair, another account short the same pair. One account lose and the other account gain. In the end they cancel each other.
Agree assuming both short and long are entered same number.
If that's the case one is just paying the spread.
As for other people trading methods one's account is only true testament.
Regards

People on my ignore list don't bother responding to me.There is a reason why you are on ignore...
In trading, you have to be defensive and aggressive at the same time
  • #895,124
  • May 6, 2014 1:47am May 6, 2014 1:47am
Quoting slow-trader
{quote} /palm to face. No, it is under two separate accounts, two separate trades. I ask you again, after calling me a dumbF, go and prove my math wrong. second. again. A short lot = 10,000 units .. those units are positive no matter what, so the short is absolute. Right now, by your math, that is 110,000 units open right now as we speak. short a pair is a negative ... the value isn't negative ... that is impossible, the symbol is absolute. there are 110,000 units. Seriously, and you call me dumb.
you sound a nice person. I will apologize for calling you names.

Now on the longs and shorts. Suppose you have 10 longs in one account, and they are making profit. If you open a short in another account it will eat exactly one long profit. In the end you equivalently have exactly 9 longs all together to make profit. So why have 11 lots to use leverage of 11 lots, instead of just 9 lots?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #895,125
  • May 6, 2014 1:56am May 6, 2014 1:56am
Quoting ffleo
{quote} you sound a nice person. I will apologize for calling you names. Now on the longs and shorts. Suppose you have 10 longs in one account, and they are making profit. If you open a short in another account it will eat exactly one long profit. In the end you equivalently have exactly 9 longs all together to make profit. So why have 11 lots to use leverage of 11 lots, instead of just 9 lots?
okay, lets make up a pair ... FFLEO/USD

you are worth zero(j/k) ..

right now you are wroth .80, last summer you were worth .75, and there is heavy resistance at .81.

Your game plan is to put out a pending trade and let it hit TP or Sl.

Now MOST of your longs from the past year have hit TP's, but one of them haven't, you have that TP near .81.

But you notice that FFLEO/USD may consolidate from .78-.80, so you want to take advantage of that and so you short near .80 for a pullback short.

Now your long, you are going to hold no matter what, even if your TP on short is hit and than it bounces from .78, you are still long ...

now if your long hits its TP, you are still short and building a short.

does that clear it up.

They are two separate trades, just like you would be trading eurusd and nzdusd, two different things with two different goals.

if my NZD short hits its TP, that is 160 pips ... and I will still have my last long. Mind you, my last long is small now that most of my longs are closed. So I am not hedging in any way shape or form,

http://www.investopedia.com/terms/h/hedge.asp

I am not reducing my risk, I am taking on a different risk. My risk are well defined, I can sleep a solid 8 hours without a worry in the world. Either way a SL, BE, or TP will hit in all trades.
  • #895,126
  • May 6, 2014 1:59am May 6, 2014 1:59am
entertaining as the last 3 pages are...
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  • #895,127
  • May 6, 2014 2:01am May 6, 2014 2:01am
Quoting slow-trader
{quote} okay, lets make up a pair ... FFLEO/USD you are worth zero(j/k) .. right now you are wroth .80, last summer you were worth .75, and there is heavy resistance at .81. Your game plan is to put out a pending trade and let it hit TP or Sl. Now MOST of your longs from the past year have hit TP's, but one of them haven't, you have that TP near .81. But you notice that FFLEO/USD may consolidate from .78-.80, so you want to take advantage of that and so you short near .80 for a pullback short. Now your long, you are going to hold no matter what,...
you have one long left to hit the target but it retrace before hitting the target, so you open a short for the retrace and also keep the long open. Why not just close that single long at the price you intend to open short? Close that long position at the price you intend to enter short, and wait for the retrace to finish and then re-open the long. Does that make it clear?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #895,128
  • May 6, 2014 2:06am May 6, 2014 2:06am
any moment you open a long is equivalent to closing a short, and vice versa
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #895,129
  • May 6, 2014 2:07am May 6, 2014 2:07am
Quoting ffleo
{quote} you have one long left to hit the target but it retrace before hitting the target, so you open a short for the retrace and also keep the long open. Why not just close that single long at the price you intend to open short? Close that long position at the price you intend to enter short, and wait for the retrace to finish and then re-open the long. Does that make it clear?
simple.

When I started trading stocks, I would be up all night without markets open, worrying .. and when I started trading currencies, my wife would be frustrated because now I am at the computer all night, staring .. stressing ... worrying .. on the phone with my broker during the day. bad times.

Years ago, I stopped scalping for the most part and I now trade mostly with pending orders (especially in stocks) ... I have a defined goal with that trade, a predetermined TP & SL.

One thing I learned early was to let the winners run, to often I would close a trade to just have it go the way I wanted, a .01% gain could have been a 2-3% gain in a couple days with patience.

Now , I define my levels.

What If I am wrong about my short and we blast to .89 like I think we may. Now if I close all my longs, leverage up on shorts, and go against my defined levels, and break my rules, I lose out. Now I know exactly what I will lose or win. no if and or buts about it. I can go to bed right now (which I may very soon) and sleep like a damn baby till noon if I want to.

If my alarm goes off for a level I was watching, I will check my phone and see what it was. if its wroth looking at, I have my laptop/ipad or computer.

so that is the answer, I have defined levels and I have never broken my rules ...
  • #895,130
  • May 6, 2014 2:12am May 6, 2014 2:12am
EA H1

long EURAUD ... off pullback into H1 pin which was a rej. of APR29 swing high close
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  • #895,131
  • May 6, 2014 2:15am May 6, 2014 2:15am
Quoting slow-trader
{quote} okay, lets make up a pair ... FFLEO/USD you are worth zero(j/k) .. right now you are wroth .80, last summer you were worth .75, and there is heavy resistance at .81. Your game plan is to put out a pending trade and let it hit TP or Sl. Now MOST of your longs from the past year have hit TP's, but one of them haven't, you have that TP near .81. But you notice that FFLEO/USD may consolidate from .78-.80, so you want to take advantage of that and so you short near .80 for a pullback short. Now your long, you are going to hold no matter what,...
for success your plan requires that the market moves both up and down to your long and short TP otherwise a loss on one always offsets the gain on the other..... markets often range but to hit both TPs on a regular basis is risky and you are increasing the cost of trading by 100%
  • #895,132
  • May 6, 2014 2:16am May 6, 2014 2:16am
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  • #895,133
  • May 6, 2014 2:19am May 6, 2014 2:19am
Quoting MaxDoom
{quote} for success your plan requires that the market moves both up and down to your long and short TP otherwise a loss on one always offsets the gain on the other..... markets often range but to hit both TPs on a regular basis is risky and you are increasing the cost of trading by 100%
further more, if stop got hit before target, it is possible both positions get stops hit depending on how he set up stops.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #895,134
  • May 6, 2014 2:19am May 6, 2014 2:19am
keep solving math problems, euro broke out 1,3885, and sterling trying to break 1,6919 on its way to 1,7
swing it!
  • #895,135
  • May 6, 2014 2:20am May 6, 2014 2:20am
Shooting up.
That's a gift for so called fking forexcrunch analyst. I mean the US agent Still that crap supports bear this week.
http://www.forexcrunch.com/category/...r-usd-outlook/
You cannot learn better without losing
  • #895,136
  • May 6, 2014 2:21am May 6, 2014 2:21am
Quoting MaxDoom
{quote} for success your plan requires that the market moves both up and down to your long and short TP otherwise a loss on one always offsets the gain on the other..... markets often range but to hit both TPs on a regular basis is risky and you are increasing the cost of trading by 100%
did you not read everything. that is 100% incorrect.

With all due respect, to comment on something and especially to tell another what the requirements of success is would be completely ludicrous.

If you read, you would understand that my positioning has been long NZD for the past year.

A short trade, in a seperate account triggered.

That is all, nothing more, nothing less.

and as we speak, my last long TP was hit!

all my long term, medium term, short term long NZD's are now closed .. I made enough extra to have a good SL on an NZD short, which I am building now in expectations of .85 ...

But I expect .89 at some point, if we break above .8745, my SL's trigger which my long that just hit TP has paid for (plus plenty more as it was a long term trade).

Please, with all due respect, I don't need advice on trading & success.
  • #895,137
  • May 6, 2014 2:22am May 6, 2014 2:22am
Eur up again!
Cant stop me now....
  • #895,138
  • May 6, 2014 2:24am May 6, 2014 2:24am
Quoting slow-trader
{quote} did you not read everything. that is 100% incorrect. With all due respect, to comment on something and especially to tell another what the requirements of success is would be completely ludicrous. If you read, you would understand that my positioning has been long NZD for the past year. A short trade, in a seperate account triggered. That is all, nothing more, nothing less. and as we speak, my last long TP was hit! all my long term, medium term, short term long NZD's are now closed .. I made enough extra to have a good SL on an NZD short,...
slow don't expand too much energy on this really not worth it. There's a guy here JeremyBS, he's like 18 y.o. He got experience at investment banks and can use B terminal. He will give you some advice on your trading too. So that's kinda telling you the quality of content really.
  • #895,139
  • May 6, 2014 2:24am May 6, 2014 2:24am
Quoting BlazeHun
Eur up again! Cant stop me now....
I saw euro was at 3960 some weeks ago
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #895,140
  • May 6, 2014 2:24am May 6, 2014 2:24am
Quoting ffleo
{quote} further more, if stop got hit before target, it is possible both positions get stops hit depending on how he set up stops.
TP hit on long, now I have over 100 pips of free SL to use.

If I would have done what you said before, I would be well underwater now. My long paid for my SL and plenty more ... so if it hits, It is still green. I have pending orders up a little higher for more short. TP's are .8525-.85, and that is where I will starting building longs with SL's below .85.

In real time, now you see how my long trade played out, so you understand my strategy and how it works.

__________________

aside from that, USDX coming up on support.
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