Tradex Forex Journal

London traders are hitting the pubs right now, no wonder the pound is not moving.

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destriero said:
Bro, you shorted EUR/CAD. Then you went short CAD/CHF. Now you're short EUR/CHF via triangular arb. Your position is short EUR/CHF. You want CAD exposure but you just netted it out.
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Tradex said:
Yes, but again, so what?

Can you answer that simple question without your usual sarcasm and your "I am better than you" childish attitude?



Yeah, right.

Listen, sonny boy, I studied triangular arb in the currency market before you were even born, and I read "Triangular Arbitrage in the Foreign Exchange Market: Inefficiencies, Technology, and Investment Opportunities" more than 20 years ago, among other books.

So don't come in here and try to teach us how triangular arb works.
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Dude trades Swiss when he's wanting CAD exposure. lol how far ET has fallen. Then he googles triangular arbitrage and the first link is the book he referenced.
 
I put him on Ignore mode a while ago but still gave him a chance to redeem himself a few weeks later.

But no, once a jerk always a jerk.

Alright, he leaves me no choice this time.
 
Chart pattern wise, GBP/USD is currently printing some type of complex Head and Shoulders formation, on the 5-min chart.

So is a breakout to the downside imminent?

Let's find out...

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Out GBP/USD at same price, trade is going nowhere and the freaking EUR/USD is lifting the pound up.

Oh well, still a profitable day, so far, despite the lousy price action.
 
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