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EUR/GBP - What a great pair to trade!

  • #3,061
  • Mar 21, 2016 4:42pm Mar 21, 2016 4:42pm
bias is up.

bias is 0.80

short trades will get blown up hard.

short trades are soon to be clobbered.

like bang.

i am so going to enjoy spending the short traders money.

thank you, short traders, i need the dough.

my account stats:
balance: 1101
equity: 1089
profit: -12
marginused: 182
freemargin: 907

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  • #3,062
  • Mar 22, 2016 7:46am Mar 22, 2016 7:46am
If EUR/USD goes UP and GBP/USD goes DOWN - it means only one thing, to BUY EUR/GBP. I set the TP right under W1 resistance drawn by S/R indicator. S/L simply under significant swing at M15 TF.

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  • #3,063
  • Mar 22, 2016 9:56am Mar 22, 2016 9:56am
position closed.

previous balance: 1101
current balance: 1291

profit bagged: 190 (17.25%)

between just you and little old me, i kinda feel pretty this morning...

know what i mean?

kindly, i am sure, and thank you.

note: will some kind person please direct trademonty to the rookie talk section and get him/it the phk outta my way.

thank you, again.

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  • #3,064
  • Mar 22, 2016 10:16am Mar 22, 2016 10:16am
i need to fire up the raspberry pi and run my numbers(indicator), but i am expecting that we might immediately turn around and enter a short position.

stay tuned whackos.
  • #3,065
  • Edited 11:00am Mar 22, 2016 10:46am | Edited 11:00am
as i suspected, it is time to fly south, so i crammed almost all of my chips onto the table...

i just finished picking a bottom, quite accurately, and now i demonstrate picking a top.

what is it that THEY say about picking tops and bottoms is not possible?

uh-huh.

happy trading.

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  • #3,066
  • Mar 22, 2016 11:30am Mar 22, 2016 11:30am
Quoting bank
as i suspected, it is time to fly south, so i crammed almost all of my chips onto the table... i just finished picking a bottom, quite accurately, and now i demonstrate picking a top. what is it that THEY say about picking tops and bottoms is not possible? uh-huh. happy trading. {image}{image}

whats your target?
  • #3,067
  • Edited 12:05pm Mar 22, 2016 11:32am | Edited 12:05pm
Quoting mxb
{quote} whats your target?
breakeven is 0.7895

takeprofit will be at least one hundred to two hundred pips, or 0.78 or 0.77

i am currently playing $988 of margin, which translates to 38 * 0.01 lots

each 0.01 lots is worth approx 14.4 cents per pip, or 0.144 dollars per pip...

38*0.144=$5.472 per pip

100 pips=100*5.472=$547.00 expected profit
200 pips=200*5.472=$1094.00 expected profit

please notice that i am suggesting that i am able to pick tops and bottoms and that i should not experience ANY ANY ANY SIZABLE AMOUNT OF DRAWDOWN WHATSOEVER.

good morning.
  • #3,068
  • Mar 22, 2016 12:19pm Mar 22, 2016 12:19pm
Quoting bank
{quote} breakeven is 0.7895 takeprofit will be at least one hundred to two hundred pips, or 0.78 or 0.77 i am currently playing $988 of margin, which translates to 38 * 0.01 lots each 0.01 lots is worth approx 14.4 cents per pip, or 0.144 dollars per pip... 38*0.144=$5.472 per pip 100 pips=100*5.472=$547.00 expected profit 200 pips=200*5.472=$1094.00 expected profit please notice that i am suggesting that i am able to pick tops and bottoms and that i should not experience ANY ANY ANY SIZABLE AMOUNT OF DRAWDOWN WHATSOEVER. good morning.

what about GBP-CAD will it go down more !!
  • #3,069
  • Mar 22, 2016 12:54pm Mar 22, 2016 12:54pm
Quoting bank
i need to fire up the raspberry pi and run my numbers(indicator), but i am expecting that we might immediately turn around and enter a short position. stay tuned whackos.
Hi Bank,

If you don't mind me asking what is the foundation of your indicator?

I am quite interested in that you are using raspberry pi to run your numbers. Currently I use R for my stuff but I am considering moving everything over to Postgresql and running the code from inside there also. It would stop a lot of the importing of data which is currently adding time to my calculations.

Kudos to you for posting your live calls, as you know, you don't even find commercial members who will do that :-)
  • #3,070
  • Edited 4:49pm Mar 22, 2016 3:21pm | Edited 4:49pm
Quoting tom2015
{quote} what about GBP-CAD will it go down more !!
hello tom,

gbpcad could run parallel, i havent even looked at it, or it could run in two entirely different directions.

thank you for your question.

edit: my bad, the gbpcad would run opposite to my eurgbp(if any correlation exists at all)...

ie, since the gbp is now on the opposite end of the pair, it would run opposite, assuming that the cad sortof mirrors the euro, which it probably might not.

i can not project any thing about the gbpcad, sorry.

edward.
  • #3,071
  • Edited 5:22pm Mar 22, 2016 3:57pm | Edited 5:22pm
Quoting redbaron1981
{quote} Hi Bank, If you don't mind me asking what is the foundation of your indicator? I am quite interested in that you are using raspberry pi to run your numbers. Currently I use R for my stuff but I am considering moving everything over to Postgresql and running the code from inside there also. It would stop a lot of the importing of data which is currently adding time to my calculations. Kudos to you for posting your live calls, as you know, you don't even find commercial members who will do that :-)
hello redbaron,

i dont really know what R is, and i do most all of my coding in straight ansi C language, so the linux box raspberry pi is the way to go for me, as linux has such nice c compilers available for it and the pi has a rack of pins that can be used to easily interface with external electronics and what not...

to answer your question, my indicator is entirely proprietary and private for my use only.

my work is not for any person's eyes outside of myself or my private inner circle of associates.

the details regarding my indicator are not in the public domain.

happy trading.

CHART LEGEND:

THICK RED LINE: BREAKEVEN / 0.7895

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  • #3,072
  • Mar 22, 2016 6:05pm Mar 22, 2016 6:05pm
Quoting bank
{quote} hello redbaron, i dont really know what R is, and i do most all of my coding in straight ansi C language, so the linux box raspberry pi is the way to go for me, as linux has such nice c compilers available for it and the pi has a rack of pins that can be used to easily interface with external electronics and what not... to answer your question, my indicator is entirely proprietary and private for my use only.
For your information R is a statistical analysis package. More info about R can be found here.

Unfortunately my C coding skills are very entry level and so I have to make do with R and Python.

I am also similar to you in that I designed framework that aids me in identifying relative value and marginal change over thousands of instruments.

Best of luck in your trades.
  • #3,073
  • Mar 22, 2016 8:02pm Mar 22, 2016 8:02pm
regarding your c coding skills, it is so simple to write code on a raspberry pi...

open a source file named hello.c

#include <stdio.h>

int main(int argc,char *argv[])
{

printf("Hello World\n");

return(0);
}//end of main


then compile it by typing :

gcc hello.c -o hello

and then run it by typing:

./hello
  • #3,074
  • Mar 22, 2016 8:14pm Mar 22, 2016 8:14pm
my most previous three month history:

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  • #3,075
  • Mar 22, 2016 11:10pm Mar 22, 2016 11:10pm
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  • #3,076
  • Mar 23, 2016 3:17am Mar 23, 2016 3:17am
Quoting bank
{quote} hello tom, gbpcad could run parallel, i havent even looked at it, or it could run in two entirely different directions. thank you for your question. edit: my bad, the gbpcad would run opposite to my eurgbp(if any correlation exists at all)... ie, since the gbp is now on the opposite end of the pair, it would run opposite, assuming that the cad sortof mirrors the euro, which it probably might not. i can not project any thing about the gbpcad, sorry. edward.

thanks bank for your answer , the reason I already opened GBP CAD and I am stuck now ...i am really afraid to go more down
  • #3,077
  • Mar 23, 2016 8:20am Mar 23, 2016 8:20am
hm I see 80 before any major drop
  • #3,078
  • Apr 4, 2016 12:00pm Apr 4, 2016 12:00pm
anyone here?

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  • #3,079
  • Apr 4, 2016 4:16pm Apr 4, 2016 4:16pm
I'm SHORT... CONCUR WITH Longshot :-)
  • #3,080
  • Apr 5, 2016 1:40am Apr 5, 2016 1:40am
Quoting mxb
hm I see 80 before any major drop
mxb from 2006! Thank you for dropping by. We made .8000.
Gone to a better place
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