Any reason not to trade 6E over EURUSD?
- Thread starter davewolfs
- Start date
lol, yep it's hilarious! I mean, TRULY classic.
Seems I'm not the one who failed 'English 101 and 102: Reading and Comprehension'
If you seriously believe there's any financial benefit to being long and short on the same pair at the same time then it seems you can't even see that far!
There are a some guys in this thread that obviously have a brain maybe even one each -- I mention no names and we have our brain dead contingent.
My question is this how can the guys with some brains possibly enjoy this "debate". I can understand how an imbecile can be here; yet, for the life of me, I can not understand how a non-imbecile can possibly enjoy the back and forth of this conversation. This one is really not worth the candle.
My question is this how can the guys with some brains possibly enjoy this "debate". I can understand how an imbecile can be here; yet, for the life of me, I can not understand how a non-imbecile can possibly enjoy the back and forth of this conversation. This one is really not worth the candle.
It's hardly a debate, it's one crazy guy claiming at GREAT length how he has some long/short 'hedging' tweaked Fibonacci derivative trading system which produces some ridiculous no risk returns every month, and how everyone else is stupid because they don't know what it is.
You don't need a brain to know this isn't the holy grail, a single brain cell is sufficient. But don't let that stop you debating with the guy, it should be entertaining to watch!
Absolutely nothing of any substance, just smoke and someone's vivid imagination and dreams which it seems he's decided to share with us on this forum instead of on the couch in his shrink's office.
Just a regular day on ET basically
Hardly a debate? It's nearly unintelligible. I'm new to trading and even I know he's two quarts light of a half-gallon.
Why doesn't he just call a bookmaker and bet both sides of the same game. You lose the juice but at least you don't have paperwork to fill out and a screen that needs watching.
Why doesn't he just call a bookmaker and bet both sides of the same game. You lose the juice but at least you don't have paperwork to fill out and a screen that needs watching.
Here is my guess at what he is talking about by "wrapping multiple positions around one single pair." This can be done using different time frames but it's a beginners way to trade multiple time frames.
Say you buy long and later a lower time frame gives a counter trend short so you add a short position to the long with the intention of closing the short while the long trade continues.
This allows you to trade the pullback but if the PA rolls over and the long trade is proven wrong it is closed while the secondary short becomes the sole or primary trade and is allowed to run.
While both trades are running it seems the long and short are canceling each other out but they are intended to be of differing durations if successful, and if not then when the trend is clear the main trade is insured by the secondary trade.
A more efficient trade is to trade all the swings but if you are not confident of this but can see the pushes inside what seems to be the main trend, then this will work, although for a temporary period it looks like a worthless long and short trade is canceling each other out.
The Fib stuff is just the Fib structure applied to each time frame for entry/exit signals.
It's not a bad way for a kid to learn until confidence is built up enough to trade the swings. This way it feels like a trade can have some insurance and a wrong trade can end up making a profit when the secondary trade becomes the winner.
The problem comes with a fast whipsaw and both trades are closed out as losers. At 400:1 this is asking for a hard kick in the balls. However if your skill level is fairly good you should survive... but your nervous disposition may well change
Say you buy long and later a lower time frame gives a counter trend short so you add a short position to the long with the intention of closing the short while the long trade continues.
This allows you to trade the pullback but if the PA rolls over and the long trade is proven wrong it is closed while the secondary short becomes the sole or primary trade and is allowed to run.
While both trades are running it seems the long and short are canceling each other out but they are intended to be of differing durations if successful, and if not then when the trend is clear the main trade is insured by the secondary trade.
A more efficient trade is to trade all the swings but if you are not confident of this but can see the pushes inside what seems to be the main trend, then this will work, although for a temporary period it looks like a worthless long and short trade is canceling each other out.
The Fib stuff is just the Fib structure applied to each time frame for entry/exit signals.
It's not a bad way for a kid to learn until confidence is built up enough to trade the swings. This way it feels like a trade can have some insurance and a wrong trade can end up making a profit when the secondary trade becomes the winner.
The problem comes with a fast whipsaw and both trades are closed out as losers. At 400:1 this is asking for a hard kick in the balls. However if your skill level is fairly good you should survive... but your nervous disposition may well change
Quote from Xspurt:
At 400:1 this is asking for a hard kick in the balls. However if your skill level is fairly good you should survive... but your nervous disposition may well change
Why not cut the leverage to 40:1 or some point which gives you the confidence to trade the swings outright. Seems like he's flying from Chicago to Detroit but he's changing planes in Boise. Why is that a good way to build confidence?
I am a fairly new trader that has only recently moved from "paper trading" to reality. In preparation I paper traded a single NQ contract attempting to catch swings and not seeking scalps. I now trade cash the same way I prepped on paper.
They $5 NQ tick and the relative "smoothness" of NQ (relative to ES' tendency to "trade back") are not confidence building as much as fear reducing ... lol.
I am not understanding why the roundabout style that entails higher commissions is confidence building. Even if, as you point out, one leg can bail out the other you still have to be long the correct leg and short the correct one because if you get it backward the relative discrepancy in their movement will go against you.
I am all for the new guy risking less. It is crucial to stay in the game long enough to climb the curve. I'm just not sure the trip to Boise and the extra commissions does that.
I will be happy if I am wrong and I can reduce my exposure in these early days but I am not yet seeing it.