I see many people are short, as I...is this NFP weird action an exhaustion move to flush out the shorts?
Just an honest question...no idea personally.
Just an honest question...no idea personally.
Money is but a tool.
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DislikedI see many people are short, as I...is this NFP weird action an exhaustion move to flush out the shorts? Just an honest question...no idea personally.Ignored
Disliked{quote} the problem with answering your question is nobody really knows nothing people will tell you just to follow the trend. well, the question is which trend? ...i must say ) my personal opinion is that traders should have solid plan before taking any positions taking into consideration what their expectations are and how they will react to worst case scenarios. the trick is that nobody knows the future and anything can happen anytime. this is a game/war of probabilities, nothing more, nothing less. trade safe {image}Ignored
DislikedI do believe this is market has a extreme reaction to the news. I am planning to sell londons open next week once everyone realizes they overshot on the news next weekIgnored
Disliked{quote} the problem with answering your question is nobody really knows nothing people will tell you just to follow the trend. well, the question is which trend? 1 minute trend or weekly trend? the confusion among traders i find is they look in their 5 minute charts and expect weekly returns, others make trading decisions on weekly charts and put sl or tp based on 5 minute chart. so anybody who has been short term swing trading, there was no reason to short first of all. because all smaller tfs ups to 4 hr chart were up. however people who are...Ignored
Dislikedcorrection: This is the hedge technique: 20 / 40 / 20 first order: buy, lot size .10 at price .7460 stop loss 40 pips below (.7420), take profit, 20 pips above (.7480) hedge: sell, lot size 3 x the first order (.30) at price .20 below buy price (.7460 - .20 = .7440). stop loss price + 40 pips above (.7480) take profit at price + 20pips (.7440 + .20= .7420) if market does down, and hedge is filled, place a hedge on that order too... 2nd hedge: buy, lot size, 2 x second hedge (.60) at same buy price, stop limit, and take profit prices look at order,...Ignored
DislikedNothing to forgive...this takes a bit to understand, but once you see it, it's so cool. to answer: if your hedge order fills, then you now have to hedge this order. you do this by placing the same order as your first order...the buy. at the same stop loss, and take profit. the only thing different, is the lot size, which will be two times your hedge lot size. you keep repeating these hedges, as orders get filled. the only thing that changes, is the lot sizes...., 01, 03, then dble....06, 1.2, 2.4 buy, sell, buy, sell same buy info and same sell...Ignored
Dislikedcorrection: This is the hedge technique: 20 / 40 / 20 first order: buy, lot size .10 at price .7460 stop loss 40 pips below (.7420), take profit, 20 pips above (.7480) hedge: sell, lot size 3 x the first order (.30) at price .20 below buy price (.7460 - .20 = .7440). stop loss price + 40 pips above (.7480) take profit at price + 20pips (.7440 + .20= .7420) if market does down, and hedge is filled, place a hedge on that order too... 2nd hedge: buy, lot size, 2 x second hedge (.60) at same buy price, stop limit, and take profit prices look at order,...Ignored
DislikedNothing to forgive...this takes a bit to understand, but once you see it, it's so cool. to answer: if your hedge order fills, then you now have to hedge this order. you do this by placing the same order as your first order...the buy. at the same stop loss, and take profit. the only thing different, is the lot size, which will be two times your hedge lot size. you keep repeating these hedges, as orders get filled. the only thing that changes, is the lot sizes...., 01, 03, then dble....06, 1.2, 2.4 buy, sell, buy, sell same buy info and same sell...Ignored
Disliked{quote} actually i am pretty scared looking at the daily and weekly when started taking shorts, i was taking into consideration worst possible scenarios, which are happening. so i can hold these shorts until couple of hundred pips more but if we go higher 74, i will start getting out of lower positions. current average position is 7355Ignored