Get Long The GBP

BRO, and I am tellin ya that it is a dumb trade into the face of strong momentum and fundamentals. The OECD PPP numbers are a total hoax. The pound can easily settle around 1.15 - 1.20 long term (heck it can even touch parity to the US dollar) given Ms May carries through her pledge to turn the UK into a socialist state.

vanzandt said:
Average in bro... I'm tellin ya. These things take more than a day or so. Depending how you trade I suppose.
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Exactly. Why picking a place that pushes against you when you can trade with momentum and still be exposed to sufficient risk of being wrong but at least at way better odds of winning. Traders should always know that they are not trading the pound or Apple or Microsoft. We are trading probability distributions. Nothing else.

birzos said:
People can't be that stupid surely, the method is beyond idiotic and no different from Ravens method of stock picking. You do not martingale or esque this, it makes no difference if it's successful or fails spectacularly, it's a red or black move.

You can make good return, least probable, or lose your shirt, highly probable, but as it's skewed to the house winning you can be certain of one thing, they will make sure you are margin called before you see any daylight.
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OP,

Any stop yet or is this like sim money don't worry be happy type of trade? :D

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Don't hold your breath. This was not even a proper call. I respect a proper call with clear entry price that is close in timing to the actual real time price level,and a clear stop level. All else is a hoax of losers who have no trading abilities and later highlight their "trades" that ended up in the money while conveniently omitting the horrendous draw downs and the losing trades. Waste of time.

FreakofNature said:
OP,

Any stop yet or is this like sim money don't worry be happy type of trade? :D

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....or they simply give a crossover a fancy name and charge hundreds of dollars for each such innovative indicator...:thumbsdown:

FreakofNature said:
Let me save you a great deal of trouble and time, there is no edge in using stochastics.

Not in crosses, or divergence or reverse divergence. Its all meaningless, zero predictive value. Now some might try to trick you in saying differently by cherry picking the correct price action and/or parameters to make it look useful, be smart.
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