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- eventtrading replied Apr 16, 2010
Australia covers the Asian open, the London open, and the NY open during a "normal" human day, i.e, 6AM - 12Pm. Bed time is Dead Time. It's wonderful; plus the women are gorgeous!
- eventtrading replied Apr 16, 2010
You're not the only one, for sure. Cali's a great place to live and the worst TZ for trading FX on the planet (the best is Australia). I've wrestled with this for years, would be wealthier than Gates if not here. I see 2 choices; either move or find ...
- eventtrading replied Apr 10, 2010
I say again - "Long Term," the higher interest rate wins. You still need the guts to trade it.
- eventtrading replied Apr 9, 2010
Consistently identifying breakouts is the essence of profitable trading. If you're really, really good at this, I would suggest loading up; not pussyfooting around.
- eventtrading replied Apr 9, 2010
I neglected to mention one very important fact, to whit, the higher Aussie interest rate, swings an AUD long (heavily) in your favor. If fundamentals remain (fairly) constant, then a buy and hold makes lots of sense, as long as you have sufficient ...
- eventtrading replied Apr 9, 2010
Yep, just ask the "Japanese Housewives" who made a bundle on a falling Yen, but were not so quick to dump it on the risk aversion reversal of the last few years.
- eventtrading replied Apr 9, 2010
Carry Trade & Interest — Swano, I now understand the transaction that occurred. Yes, you made an excellent trade by taking a short position in EA. However, you did not make 20% interest, you made 19.99% "profit" on the trade, and about ...
- eventtrading replied Apr 6, 2010
Hi Swano, Are you calculating correctly? 20% in 2 weeks equates to 500% PA, or greater. Why am I wasting my time trading? Would you please expand on this process; I'd surely like to get in on this.
- eventtrading replied Apr 4, 2010
[quote=Sutts;3608475]Thanks for the info domino, looking forward to the next installment. It is my understanding too that stop orders are held only on the books of the broker/market maker and are not visible on any external order book. When ...
- eventtrading replied Apr 4, 2010
Of course the recession is over. Where have you been? It's been over for months. If you're unemployed you have a problem; it's called "productivity." You're gonna have to reinvent yourself. I can now do the same amount of work in my company with 20% ...
- eventtrading replied Apr 1, 2010
Edgar, you are perfectly correct in saying the market moves in waves. Yes, I realize everyday that it moves up and down, many times against our trades. You are not correct in saying that hedging allows you to capture these (mini) moves. That is ...
- eventtrading replied Apr 1, 2010
Aja, no need for a detailed description. A brief one will suffice. Is it a state secret? I'm just trying to get by like everyone else. If I'm totally off-base, I sure would like to correct my approach. Any advice from any or all hedgers would be ...
- eventtrading replied Apr 1, 2010
Not a hedge. You've taken a .5 position and chosen a direction, long or short. For some reason this hedging concept throws everyone for a loop. Let's talk about being long & short in the same pair, for the same amount, at the same time. Different ...
- eventtrading replied Apr 1, 2010
Up 35% — Which means that when the hedge was released they were made good trades. What your not saying is you could have been up 70% w/o hedging. Forex hedging is a "zero-sum game;" for every winner there is a loser, 1 - 1 = 0. Forex hedging ...
- eventtrading replied Apr 1, 2010
Partial Hedge? — Can you explain a "partial hedge?" Forex hedging is a "zero-sum game;" for every winner there is a loser, 1 - 1 = 0. Forex hedging is an "infinite opportunity cost;" the market can rise to infinity while (your) equity is stuck ...
- eventtrading replied Apr 1, 2010
EU & EG shorts — $EURUSD short @ 3488 & 3476 $EURGBP short @ 8871
- eventtrading replied Apr 1, 2010
IBFX Hedging — One reason they stopped hedging is it's a worthless piece of garbage. (1 - 1 = 0). You can't have your cake and eat it too. BTW, if you insist on perpetuating this "urban myth," I know of several US brokers that have ...
- eventtrading replied Mar 31, 2010
Peter-FX re Hedging — "After a sell is closed and the next is opened, I then consider putting a buy-stop above the price action". If your buy-stop is hit you are hedged, at a loss. A buy-stop or a simple old stop-loss, it doesn't matter. You ...
- eventtrading replied Mar 31, 2010
Peter-FX re Hedging — Peter, thanks for your detailed response. I'm not sure I understand it, however. Are the Buy and Sell lines at the top, positions or orders? If they are orders then you've set up a straddle and it makes perfect sense. If ...