Thread: The Seventh Wave

Open trades just touched 75 gbp, my seventh tide is really kicking in.

Some small tweaks, I have added on to a few trades and marketed audjpy too. 80 gbp up at the moment with great potential to go a lot further. That is 80 gbp up using 1 micro lot on each trade. Anyone interested yet?

I dont know this concept. You buy if you believe that it will rise and sell if you believe that it will collapse. What's the system here?

I can realize you have done is set trades, but many of them. How does this give you an edge by saying I place a transaction if it THINK it will go this way?

What exactly is the system...

Originally Posted by ;

Some small tweaks, I have added on to a few transactions and marketed audjpy too. 80 gbp up at the moment with good potential to go a lot further. That is 80 gbp up using 1 micro lot on every trade. Anyone curious yet?

Originally Posted by ;

I've decided on a change to the machine. As opposed to take profit in a established equity amount I will treat each trade separately and trail the stop loss. This means that there will be a few more ceased out and a few break evens but it must in theory be possible to ch almost every large movement. I find if you are trading with the tendency it's just a matter of patience before the price places in a wonderful move in your favour and there are a number of really big gains to be needed. Also by trading each pair that's trending strongly rather than limiting your vulnerability...

Good stuff, but perhaps updating post one would be a fantastic idea to maintain your thread clean and save some distress, looking good though, it's a clever concept and appears to make sense.

Originally Posted by ;

I dont understand this concept. You buy should you believe that it will rise and sell if you believe that it will fall. What is the system ?

I can see you have done is set transactions, but many of them. How does this give you an advantage by stating I put a trade if it THINK it will go this direction?

What precisely is the machine...

You're missing the point, that's the system. Deciding where to buy or sell is not even half the battle. It's not when or why you start a trade that's the main it's how you handle it. Also it's the way you handle your basket of transactions that things also, losing the bad transactions and trailing the good ones.

I can understand you saying it does not appear to be a strategy but call it what you'd like I'm currently up over 100 pounds since yesterday with 1 micro lot per trade.

It is really as simple as trading with the trend and controlling your risk, that's it.

Originally Posted by ;

Good things, but perhaps updating post one is a good idea to maintain your thread clean and save any confusion, looking great though, it's a clever idea and seems to make sense.

Thank you, will do

Thank you guys for the reply. I know the rationale.

I'm too new to be sure but I believe that you can not buy sell same currency in same pair or different pair, it'll be considered hedging, will not it?

You can not go short on EURUSD and be Short on USDJPY too. Though chances are why would you do so? That will be some circumstance where USD is climbing against EUR and going down against JPY. Theoretically its possible but practically I doubt.

Originally Posted by ;

Thanks guys for the reply. I understand the rationale now.

I'm too new to be sure but I think you can not buy sell same currency in same pair or different pair, it'll be considered hedging, will not it?

You can not go short on EURUSD and be Short on USDJPY as well. Although chances are why do you do that? That will be a circumstance where USD is climbing against EUR and moving down against JPY. Theoretically its potential but practically I uncertainty.

Are you really from the United States? I believe hedging isn't allowed there. Hedging is specifically being short AND long the same pair at precisely the exact same time however I believe there aren't any restrictions on buying/selling distinct pairs in this way as to effectively hedge.

Either way this isn't the aim of the system. The objective is to just trade with the tendency so if eurusd is moving down you market it, if usdjpy is moving down then you market that also. As USD is a common currency in both those pairs you're effectively right that it isn't very likely for there to be an ongoing move down in pairs at precisely the exact same time on account of the impact of the USD on those pairs BUT it is definitely possible. We're bordering on talking about comparative strength here however that isn't the main thing of this system, you may easily sell the two of those pairs, if a person gave you a good profit and the other went sideways or fell back a bit then no issue, only close the bad trade. In practice though you're right, you likely wouldn't sell both. Better to market eurusd, gbpusd and audusd in the face of good dollar strength as we've observed over the previous two times and has frees up me a 120 quid profit with micro lots.

I had a problem with the EA today, the basket attained my preferred TP but rather than shutting the transactions I got an error message regarding DLL. Once I cleared the error message all the transactions closed although the basket had retraced a little and equity was not in the tp level. Have you ever experienced that?

Any way closed the basket at and 1800pips. Will open a different one at london open