Quote:
Originally Posted by Andrewunknown
4xStar stated a bit of this as I was typing, but I'll post this in full anyway:
Several things to take stock of:
1) GBP/JPY does not always go up...
2) There is nothing heretical about shorting the Guppy...
4) This method is not really about the carry. It never has been, as we've noted before. This method is about buying, buying, buying as the pair drops, and then "scalping" each position for a small quantity of pips as/when the market retraces the drop. The carry is nice, but nominal. No need to pretend the carry is the primary draw here.
5) ... Good luck putting food on the table.
6) This method can be used in tandem with other methods/systems or as part of an overarching discretionary approach.
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Yep,....
I must say it's the best description of the method I've read on this thread. I know, I know I've busted my real account so better should keep shut up. I'm glad Andrew has verbalised an unspoken "heresy" which was kept under the carpet for so long.
here
I hope he won't be forced to prove that the Earth is not resting on the back of the 4 big tortoises and the Sun is going round the Earth.
