If only this were true. God doesn’t “know” anything, know is carnal knowledge and does not apply or pertain to the spritual realm.
Immediately they were elightened and KNEW good and evil, before that
they knew nothing of evil. aS above so below, it happens above (unseen) BEFORE it manifests into the senses realm. Sounds like you need to study up on some metaphysics, as even they now agree with me. Your concsiouness literally creates your world every moment. All worlds are interconnected.
And trust me on this she can go down way further so if anyone is erroneously thinking that “she cant go down any further”, that will not stop her from running down and she may leave you with your undies over your head if you think she can only go up from here. 3 years ago I went through that stupid logic when I was short and she ran up to 251+. I kept saying she cannot go up any further. Well thousands of pips up later she burried me 6 feet under. So my whole image of her has changed after this last run down.
From now on I will play her both ways. And I know I can get her like this,
every day. Because IF AND when she moves I get her. And getting her =
banking pips (realizing gains). Yes I have some shorts down lower, but dont let her fool you, those shorts I have wont stop her from going down.
AND ATM she is looking mighty heavy going into NFP.
I used to never trade during NFP, as I suggest no one trades during that time unless they have some nerves of steel and all sorts of margin and fast fingers. But price is going to move so fast you better have preset orders in especially if your broker allows price to slide and fills your order at a price different than you want. OFten when I click I am requoted or rejected as price moves quickly.
She is coming down, be careful everyone with those longs. But know eventually she will rocket back up but it doesnt look like any time soon.
But I was right about the short. I banked short pips and sqr’d down around the bottom. The down is done for now I think. So I have changed my ratio 12L/6S up from the bottom. The news really should give GJ a boost since
bad USD is good for GBP, so if G gains on U we should have G gaining on J especially if U is going down against J, which it should if it is bad USD news.
Point is for now I think we are going to resume the uptrend.
I will be out today. Be careful today as it can get wilder and the bottom may fall out later.
Ratio is now 10L/8S I sold a long and added shorts all the way up to current price. Scalping in range, but she was pulling away long hard there for a few. I expect her to come down some now. I have beat her! Useable margin is going up, % of used margin is going down, as I have locked my ratio, banked boatloads of short pips, which paid for the long drawdown which is now half paid for or more. She looks heavy NOW.
Sold another short for 20 pips or so. looking to add some more shorts @ 189.50. I dont know if she can get back up to 189.50 she didnt quite make it last time and she seems to be running out of steam.
All is well. We have established one crazy range over the last few weeks.
I dont have any above 196.XX, lowest short @ 186.20 I am secure in this 1000 pip range and ready fro some more down. Now I know HOW to play her when she runs down on me and beat her at her own game of eating stop loss orders. I cannot begin to imagine how many SL’s she ate this week especially yesterday. I got a short pretty much all the way down, but it is no different than getting a loss leader at the top. It matters not, as I continue to scalp her, thus adding to my equity and adding to my account balance and decreasing my used percentage of margin. We are going good now. I have some good margin to use. And eventually I will get all my drawdown back and the balance will remain in my account stay around and see.
And if no one is interested in this hedging let me know and I will shut up about it and just stick to what my bias is at any given time.
Needless to say if I have a ratio of more longs than short then I am thinking long if it is opposite then I am thinking short. But I can change my ratio at any time by selling or buying new or old orders (currently holding).
The way the scalping is going, there is no need to worry about negative swap.
how does a target of 176.xx sound give or take a few hundred pips either way?? Based on the long term trend line off the weekly chart. The up trend started sept 2000 to july 2007.
The previous cycle from 1995 to 2000 was from the 130ish level to 240 than back down to 148ish.
I’ll be going short till i have a reason not to. Wait for a good retrace then short again, 100 to 300 pip increments…
So back to 11L/9S. I am expecting consilidation into the close as I think most traders have had it for this week I know I have and I banked a boatload of pips. we may gradually move down into the close but I dont expect any real big swings either way here. I may scalp a few more out but I think I am done for the week. Have a good weekend everyone.
Monday I wont be around I really need to go do some work up north.
And guppy isnt driving me, although when I leave at 530 AM I imagine she will be taking off then too for somewhere crazy, and she can carry my orders in her trunk while I am away at work
on the next break south. In the mean time I am scalping every pip I can.
Target on my LT shorts is 180.00 and LT target for shorts still waiting to be filled lower is 180.00. Some st shorts will sell off before all short orders have been filled on a mad run down. What I dont want to do is get whipsawwed.
Where she gets me loaded with shorts does a fake break south and shoots up 200 pips. So I scale my shorts in, and often on mad falls I sell of some shorts for banked pips and get more shorts @ market. I use a wireless invisible optic mouse for my laptop and I think the battery is burning out!
Although in some cases when the click didnt result in an order she turned and allowed me to get long or short lower. But ideally I need a quick internet connection and fast mouse aND cpu with lots of memory.
rrram2, why are you holding longs and shorts at the same time? There is a spread on the interest rates being paid by your positions, so 10 longs and 10 shorts will be a continuous losing trade, day in day out.
If you had no position in the market, you’d be just as hedged without paying out to the interest rate spread.
I hope you know I meant that as a very sincere compliment…I really admire your knowledge, as well as your wisdom.
I hate to say it, but the only “un-success” I have had in a live account was with this strategy. I do pretty well otherwise…except I did get blasted following the trend up on the big euro pound move a few months ago…but at least I recovered from that one!
I haven’t been successful long enough in live trading to really believe I know something about what I am doing…but I am determined to get this right as I do see it is possible.
I DO have a great story to tell though one day about all this guppy stuff…once I have recovered it all and then doubled it, which could be a while but I will eventually do it.
Do you think I am so green as to not know that one short costs me 39 cents to hold over night while one long only pays me 5 cents?
DO you have any idea how many banked pips I made last week starting Monday? I dont I havent counted, but it is in the neighborhood of 7000 pips.
DO you think the interest rate differential is really significant? I could see if guppy didnt move and I didnt scalp her for over 1000 pips a day last week.
Yes I still have drawdown, But I already have about 25% equity after one week.
Normally I would have been sold out on that run down to 185.XX, heck I was sold out on the run down on mar17 and that was ONLY 192. I am quite a bit smarter than I was 6 months ago. Now it really doesnt matter where she goes, I will bank pips and slowly earn the drawdown back. I am sometimes right on So in the few instances where I am wrong about direction, I am only playing the “line” so it doesnt matter, unless I am way out of balance.
I dont sit equally balanced most of the time. normally I am leaning to one side or the other. I am only balanced equally going into fridays close, so the gap up doesnt hurt me any.
2 of my longs hit thier TP target at just over 100 pips on each one.
But it was gap up about 368 pips on one and 353 pips on the other.
But they of course filled my limit order to sell those longs at my price.
I should have set it higher. WHen it opened at 400PM EDT I sold one of course. You know she has to retrace down or take off north. But most gaps are made up. So you know it is very likely she will be going back down.
Yeah, most gaps will fill. I just want it to hold long enough to cash a few out and if it does fill, to buy more.
What’s the point of riding it all the way up and back down again if you don’t put some profits on the books.
IBFX doesn’t open for a few more hours.
I don’t think I have the mental brainpower to do what you are doing with the hedges.
I have done some sizeable shorts and done real well. I am going to cut that out now because I am pushing my luck and I have more than plenty of margin.
I’m trying to figure out if the nice gap is from yen take profits or a cable rally on the dollar, maybe the mays & macs have spooked the dollar to dump.
I have some long u/j’s too. So nice info to know before the open.
so if anyone is erroneously thinking that “she cant go down any further”, that will not stop her from running down and she may leave you with your undies over your head if you think she can only go up from here. 3 years ago I went through that stupid logic when I was short and she ran up to 251+. I kept saying she cannot go up any further. Well thousands of pips up later she burried me 6 feet under. So my whole image of her has changed after this last run down.