EUR/USD & GBP/USD & AUD/USD Forex Trading

Quote from AyeYo:

Without divulging the exact method that you use (not expecting a trading system, which you probably worked hard on, for free) can you just explain for the newb the idea behind "basket" trading and how it works?
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here is my suggestion..go here

http://fxtradeinfocenter.oanda.com/charts_data/fxcorrelations.shtml

and see how crosses relate to each other...open a demo account and 'pair up' certain crosses...than...at virtually the same time go long on cross and short the other...you will start to se patterns in my opionion...do your own DD...
 
Quote from increasenow:

For me, Forex Basket Trading, is one of the secret hidden gems of Forex trading:

*trade off of strong divergences
*have somewhat of a 'natural hedge' (my opinion)
*profit should come...just let 'it ride' and 'wait' (my opinion)

Here are the current 'loaves' in my "Forex Trading Basket":

GBP/JPY
EUR/JPY
GBP/NZD
EUR/NZD
GBP/CHF
EUR/CHF
GBP/CAD
EUR/CAD
GBP/USD
EUR/USD

(DISCLAIMER: DO NOT TRADE OFF OF THIS IDEA...DO YOUR OWN DUE DILIGENCE)

(I cannot tell you which crosses I have open positions in or whether long or short in them...thanks!)
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What are you doing here? Are you taking a bearish view on JPY, NZD, CHF, CAD, and USD and just going long on all of the pairs against these currencies?

Why do you say "profit should come, just let it ride and wait"? What makes you think profit should come?

Also, what do you mean by natural hedge?
 
Quote from davidmaria1:

Why not?
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Because he actually thinks he could "lose his edge" if he tells people what he is doing. Each week he comes up with a different "edge." It is always very secret as Goldman Sachs has spies everywhere trying to steal his secret sauce. If he spils the beans here on ET, y tomorrow, every forex trader from NY to Tokyo will be mimicking his strategy and thus it will no longer work.

I'm not kidding you ... that is exactly what he thinks.
 
Quote from increasenow:

For me, Forex Basket Trading, is one of the secret hidden gems of Forex trading:

*trade off of strong divergences
*have somewhat of a 'natural hedge' (my opinion)
*profit should come...just let 'it ride' and 'wait' (my opinion)

Here are the current 'loaves' in my "Forex Trading Basket":

GBP/JPY
EUR/JPY
GBP/NZD
EUR/NZD
GBP/CHF
EUR/CHF
GBP/CAD
EUR/CAD
GBP/USD
EUR/USD

(DISCLAIMER: DO NOT TRADE OFF OF THIS IDEA...DO YOUR OWN DUE DILIGENCE)

(I cannot tell you which crosses I have open positions in or whether long or short in them...thanks!)
More...

I don't think he has to worry about ANYONE here following his/her trade ideas.
 
Quote from Kassz007:

What are you doing here? Are you taking a bearish view on JPY, NZD, CHF, CAD, and USD and just going long on all of the pairs against these currencies?

Why do you say "profit should come, just let it ride and wait"? What makes you think profit should come?

Also, what do you mean by natural hedge?
More...
here is my suggestion..go here

http://fxtradeinfocenter.oanda.com/...relations.shtml

and see how crosses relate to each other...open a demo account and 'pair up' certain crosses...than...at virtually the same time go long on cross and short the other...you will start to se patterns in my opionion...do your own DD...
 
Quote from increasenow:

do your own DD...
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DD? Drawdown? Do your own drawdown?

Dungeons and Dragons?

Drunk and Disorderly?

Dunkin' Donuts?

...am I getting warm?


How's it going decreasenow, what's this you're trading? Everything by the look of it!
 
Quote from bpcnabe:

I don't think he has to worry about ANYONE here following his/her trade ideas.
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You can say that again!......LOL

Watching "increasenow" trading forex is like watching a kid running to shoot a soccerball into the goal-net, .... Except in his eyes, hes sees goal-nets at every 10 degrees around him... :eek:

Increasenow, you really ought to stop smoking those mushrooms!!!
 
just made +79 pips on a real/live forex basket trade

the basket:

EUR/JPY
EUR/NZD
GPY/JPY
GBY/NZD

held it for 2.5 hours...at lunch, got the mail...came back to office, traded out...+79 pip profit...

very thankful..humbly thankful...
 
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