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Floating face down in the river.

I just came out of my 9 loser in a row streak at the beginning of the week. Placing the 10th trade was a major psychological struggle. Thankfully, it was a winner and my system has been back on track since then. I'm using like 1:1.5 risk:reward ratio intraday trading so its like around 55-60%...

heh and i just finished reading the first post of a thread titled "bread and butter trading system" which says "+189pips on EUR with 0 pip loss. +240pips on USD/CHF with -4 pips losses". I betcha my left arm there are STILL people who will eagerly vouched for that post. How dumb can people...

Guys, don't be surprised at the level of stupidity existing in the world. From where I currently live (Singapore), there are A LOT of people who would argue fervently FOR snakeoil vendors! Even something like "Rent our systems for $50/mth and reap profits of thousands of dollars every...

funny isn't it? casinos encourage people to "make their fortune" there and beat up anyone who did. nowdays with the 7-10+ deck shue and constant reshuffle its pointless trying to count cards. Poker however....is still playable. :D

sKaLpZ, BlackJack using a perfect strategy will give the House an edge of 0.5%. Which means negative expectancy of -$0.005 for each $1 you bet. Calculations of these types are been there done that to death. Sorry but sad to say you have no idea how to play BlackJack, let alone win the...

I'm not sure if ET allows this cause they're not a sponser. Oanda.

I'm running a new trend/momentum scalping system, based on a custom momentum indicator, which takes quick profit during mini-trends of 10-30 pips. Yes I stop loss quick too. (In quick, out quikc heh) I'll looking for non-correlated pairs to add my portfolio. Currently doing EUR/USD because it...

there is no way u can profit by fading them. (or trying to do the same thing in reverse)

actually....averaging down losers (a.k.a. modified martingale) exists among institutional traders who abuses the huge capital they have access to. (i think) we all remember Nick Leeson who was averging down on the Nikkei and there are those four traders in Australia.

according to one guy on the big O forum, there is no hedge for carry trades. else it will be an arbitrage opportunity. also, i read somewhere one of the ways bank do carry trades is to short the spot and long the 90 days forward to earn the interest difference. now...where can we find the...

dude...this thread has been dead for a MONTH. :D

lol i used to think the same for EUR/USD & USD/CHF too. Currencies are rather unique in that hedging with correlated pairs don't do squat. :( Long EUR/USD and Long USD/CHF = Long EUR/CHF. -_-'''

I once wrote a Roulette RED/BLACK betting simulator to test Martingale on it. Probability of winning (minus the house edge of 2.7%) is 48.65% (0.4865) and 51.35% (0.5135) of losing. 0.5135 ^ 6 = 0.01833 1.833 percentage chance of having 6 or more losers in a row. Guess what, 10-12 string...

he doesn't seem to be very good other than using a lot of messy terms. :p

you could mark their daily entry/exit and try to figure out their edge. and you can see their position sizing methods easily. by the way have u seen anyone using martingale? :D

not follow or fading mind you but reverse engineering his strategy for himself. if u run a brokerage firm and u know there are say 5 guys consistently profitable every month. aren't you at least bit interested to find out what their strategies are so u could trade for yourself?

if u have positive expectancy you don't even need martingale. Positive Expectancy means your (Win Size x Win%) - (Lose Size - Lose%) is positive. This number means with every trade, over a large number of trades (100+) you WILL win a certain amount. Armed with that i don't see why u...

I read about institution Carry trades all the time. Buy a currency with higher interest, sell one with lower interest. Eg. Long GBP/USD. How do they hedge their position?? The position might drop couple hundred pips, making the profit from interest useless. Since interest is already...