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el cid · 08-01-2005, 15:15

fxwiz quote No... you are way too sophisticated not to understand that

FXWIZ

You are right about that!

I take your point one could consider it as purely a cross could be euro/chf.It is not the same as a cross because almost 20% to 27% is betting against a third major......so u got a third element for profit.So u are constantly betting 3 ways.

One COULD include a 4 th major and put in several usd $ commodites
but it would become too complicated to trade.

There are other advantages to do with trading styles .Once a position goes against u on a cross ,it often seems to be written off as a s/l loss, put it in a trading system and sooner or later the double edged sword comes into profit ,2000 pips away.

The double edged sword is often useful in a non trending/sideways market where several of the positions on one leg can be intermittently and temporarily released for extra profit(intraday).and reopened at maybe 20 pips lower(to restore to orignal positions within the system).

One couldn't trade a straddle(option terms) at the same price on the same cross.I guess this double edged sword makes it easier to do so.

A system is what each individual trader is comfortable with, what he knows is tradeable and profitable.If it is profitable and better than going to the currency roulette and trying to predict which number ...then there is nothing wrong with it.

This method within a system is BETTER THE DEVIL YOU KNOW rather than leaving positions at the exposure of the market not knowing what the devil the market will do to you and panicking and the market keeps telling you ....you are wrong you bet long ....it should be short...suffer u little idiot.
Always be neutral and the market is right and you are never wrong

08-01-2005, 15:15	#20
el cid level 3 Join Date: Feb 2004 Posts: 172 Downloads: 0 Uploads: 0 Rep Power: 0	fxwiz quote No... you are way too sophisticated not to understand that FXWIZ You are right about that! I take your point one could consider it as purely a cross could be euro/chf.It is not the same as a cross because almost 20% to 27% is betting against a third major......so u got a third element for profit.So u are constantly betting 3 ways. One COULD include a 4 th major and put in several usd $ commodites but it would become too complicated to trade. There are other advantages to do with trading styles .Once a position goes against u on a cross ,it often seems to be written off as a s/l loss, put it in a trading system and sooner or later the double edged sword comes into profit ,2000 pips away. The double edged sword is often useful in a non trending/sideways market where several of the positions on one leg can be intermittently and temporarily released for extra profit(intraday).and reopened at maybe 20 pips lower(to restore to orignal positions within the system). One couldn't trade a straddle(option terms) at the same price on the same cross.I guess this double edged sword makes it easier to do so. A system is what each individual trader is comfortable with, what he knows is tradeable and profitable.If it is profitable and better than going to the currency roulette and trying to predict which number ...then there is nothing wrong with it. This method within a system is BETTER THE DEVIL YOU KNOW rather than leaving positions at the exposure of the market not knowing what the devil the market will do to you and panicking and the market keeps telling you ....you are wrong you bet long ....it should be short...suffer u little idiot. Always be neutral and the market is right and you are never wrong Last edited by el cid : 08-01-2005 at 15:47.