EUR/GBP Trading Room
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Thread: EUR/GBP Trading Room

  1. #1
    Committed to traders whom like watching paint dry. The lt; eur/gbp gt;

  2. #2
    EG is the perfect pair for a range system. I have been using a method I have been working for a year and a half. It has returned a little over 100% from Aug 2006 to Aug 2007. This pair may seem like paint drying, but boring trading can be quite profitable. I am able to post the stats if anybody cares to see them.

  3. #3
    Quote Originally Posted by ;
    EG is the perfect pair for a range system. I've been using a method I 've been working for a year and a half. It's returned a bit over 100% from Aug 2006 to Aug 2007. This pair may seem like paint drying, however, dull trading can be very profitable. I can post the stats if anybody cares to see them.
    Hey Sam,

    I'd be interested in the range method you're using. . .stats and all. I've always looked at this pair....never exchanged it. It is going to be my foray to long-term Position Trading!
    Later days on end scalping and day trading...I could use a little watching paint dry. Point of this thread!!

  4. #4
    Here are the stats, I am reluctant to post the method openly, since it apparently exploits an inefficency which hasn't been widely detected.

    My post wasn't to share a method, but to talk about EG and the simple fact that a slow steady approach can be extremely profitable.

    I think longer term without a scalping without a wierd MM like martingale or any other bad recursion approaches of MM. Only old trading of a perceived advantage.
    https://www.forexsoutheast.asia/atta...1789864325.doc

  5. #5
    Is that it is really stable. I am able to look at it maybe every other day and that is enough. If something is about to occur, the pair telegraphs the movement just like a rookie fighter, long before any activity is needed... EG is among my favorite pairs. I have used this egy on other currencies like GU and chf, with adequate effects, but EG is the star of the series for ranging approaches.

  6. #6
    Did somebody say fighter?

    I worked on somethin in the past that defines turning points on this pair at very high accuracy. Never actually tested it for too long and finally just dropped the idea but I might begin lookin into it soon

  7. #7
    For those that aren't knowledgeable about the EURGBP you should be aware that it's worth just over $20/pip so don't let the stability fool you!

  8. #8
    Quote Originally Posted by ;
    For the ones which aren't knowledgeable about this EURGBP you ought to be aware that it's worth just over $20/pip so do not let the stability fool you!
    I supposed stability in the sense of which range motion, Due to the significance of the Euro and the Pound.

    But you are correct, there is lots of chance in it.

  9. #9
    Quote Originally Posted by ;
    Here are the stats, I am reluctant to post the method publicly, since it apparently exploits an inefficency which hasn't been widely detected.

    My post was not to discuss a procedure, but to discuss EG and the simple fact that a slow constant egy can be very profitable.

    I think longer term without a scalping without a wierd MM enjoy martingale or some other negative recursion methods of MM. Only old fashioned trading of a perceived advantage.
    Actual nice Scott(or can it be Sam currently?? ) , but do yourself a favor if it's indeed that, and do not share the inefficiency. Not in public at the least. Keep creating the $$

  10. #10
    Quote Originally Posted by ;
    For those which aren't knowledgeable about this EURGBP you ought to be aware that it's worth just over $20/pip so don't let the stability fool you!
    Good reminder for those that might not be familiar with this pair.

    My proposal would be that individuals traders not comfortable with the approx. $20/per pip, would be to correct their normal lot size accordingly.

    An Example: If a trader normally deals 3 lots on the eur/usd or 3 lots on the gbp/usd....maybe consider trading 1.5 lots with the eur/gbp.

    Another thing to give thought too could be Margin Used. . .Many brokers are distinct, therefore better to check with your own.

    A sample from Oanda ( 50:1 ) works out as follows: as of 6:00pm edt on 9/11/07

    150k eur/gbp = $4152 approx
    300k eur/usd = $8304 approx
    300k gbp/usd = $12,199 approx

    Fxj

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