Pretty darn close. Nope, I'm using a proprietary Fibonacci derivative that wraps multiple positions around the same pair - yes, only one pair! What makes it work is the combination of a powerful technical approach AND a fairly cool trade strategy coupled to some keen money management. The three combine to get the job done with very tiny risk. The currency market is ripe for this because it loves to MOVE. EURUSD is good, but GBPUSD is even better for the kind of movement I need. Either way, the emperor now wears clothes. No more nakedness!
Interesting, would like to hear more about this if/when you ever want to share. I trade purely price action and the two combined sounds too good to be true.
Wow, yeah, that's JUST LIKE triangular arbitrage. This site is pure comedy. So you're hedging in the same pair, but not using the synthetic, or are you? Yeah, that's pretty freaking cool. It wraps multiple positions in the same currency. Fibonacci you say? Proprietary + derivative? Me likes proprietary and you had me at hello with the derivative comment. Are you from Florida? Do you like the chicken wraps with or w/o mayo? I personally can't decide. Wow.
Hmmm, sounds suspiciously like 'hedging' on the same pair to me, or 'nedging' as some people like to call it. Realized profit is an illusion, just as fast as one side of the trade is making money the other side is losing it just as fast, it's a bit like being flat really and paying spreads for nothing At some point you're simply going to have to have a directional bias. .....lol, atticus edited
Triangular-arb is a loser for those of you considering it. Adding the edge-loss on binaries is just silly. Which do you think involves more microstructure loss? Nailing the correlation or trading friggin binaries?