Any reason not to trade 6E over EURUSD?

[Veyron 16.4]

Quote from Elitist Trader:

Sounds like the holy grail....

So are you trading tri-arb?

Pretty darn close. Nope, I'm using a proprietary Fibonacci derivative that wraps multiple positions around the same pair - yes, only one pair!

What makes it work is the combination of a powerful technical approach AND a fairly cool trade strategy coupled to some keen money management. The three combine to get the job done with very tiny risk.

The currency market is ripe for this because it loves to MOVE. EURUSD is good, but GBPUSD is even better for the kind of movement I need.

Either way, the emperor now wears clothes. No more nakedness!

 

[davewolfs]

Interesting, would like to hear more about this if/when you ever want to share. I trade purely price action and the two combined sounds too good to be true.

 

[atticus]

Quote from Veyron 16.4:

Pretty darn close. Nope, I'm using a proprietary Fibonacci derivative that wraps multiple positions around the same pair - yes, only one pair!

What makes it work is the combination of a powerful technical approach AND a fairly cool trade strategy coupled to some keen money management. The three combine to get the job done with very tiny risk.

The currency market is ripe for this because it loves to MOVE. EURUSD is good, but GBPUSD is even better for the kind of movement I need.

Either way, the emperor now wears clothes. No more nakedness!

Wow, yeah, that's JUST LIKE triangular arbitrage. This site is pure comedy. So you're hedging in the same pair, but not using the synthetic, or are you? Yeah, that's pretty freaking cool. It wraps multiple positions in the same currency. Fibonacci you say? Proprietary + derivative? Me likes proprietary and you had me at hello with the derivative comment. Are you from Florida? Do you like the chicken wraps with or w/o mayo? I personally can't decide.

Wow.

 

[el pollo]

Quote from atticus:

Wow, yeah, that's JUST LIKE triangular arbitrage. This site is pure comedy. So you're hedging in the same pair, but not using the synthetic, or are you? Yeah, that's pretty freaking cool. It wraps multiple positions in the same currency. Fibonacci you say? Someone please invent a time machine and kill that D-team mathematician

Wow.

It sounds like one big Mongolian Cluster Fuck to me!

 

[atticus]

Quote from el pollo:

It sounds like one big Mongolian Cluster Fuck to me!

Derivative cluster fuck.

 

[davewolfs]

Could anyone explain or try to in simple terms how this all works? If not, any suggested readings.

 

[cabletrader]

Quote from Veyron 16.4:


yes, only one pair!

If you can develop non-directional trades, then you are not naked at any time and no matter what the market does, you will always turn a profit.

The only question is, when.

Hmmm, sounds suspiciously like 'hedging' on the same pair to me, or 'nedging' as some people like to call it.
Realized profit is an illusion, just as fast as one side of the trade is making money the other side is losing it just as fast, it's a bit like being flat really and paying spreads for nothing

At some point you're simply going to have to have a directional bias.


.....lol, atticus edited

 

[atticus]

Quote from sakhter:

Probably a combination.

Non-directional is feasible if your trading 3-4 pairs with varying correlation and creating spreads with binary currency options.. hence "not naked" it's somewhat secured by the option.

Triangular-arb is a loser for those of you considering it. Adding the edge-loss on binaries is just silly. Which do you think involves more microstructure loss? Nailing the correlation or trading friggin binaries?

 

[ivanbaj]

Quote from Veyron 16.4:

Pretty darn close. Nope, I'm using a proprietary Fibonacci derivative that wraps multiple positions around the same pair - yes, only one pair!

What makes it work is the combination of a powerful technical approach AND a fairly cool trade strategy coupled to some keen money management. The three combine to get the job done with very tiny risk.

The currency market is ripe for this because it loves to MOVE. EURUSD is good, but GBPUSD is even better for the kind of movement I need.

Either way, the emperor now wears clothes. No more nakedness!

I found your shoes.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2541102">

 

[atticus]

Quote from davewolfs:

Could anyone explain or try to in simple terms how this all works? If not, any suggested readings.

It doesn't, but if you must: http://www.ubersite.com/m/38329