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Attachments: What is the MOST important level on your chart today?
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What is the MOST important level on your chart today?

Quoting dancingphil
Without going deeply into it, the primary reason why I don't close out a trade with a stop, and why I hedge instead is because with a hedge, the trades are balanced, and all margin is once again free margin. I then have the time and luxury of considering my position. When trading at 2.5 lots per $1,000 of account, I am almost at the highest lot sizing that 400:1 leveraged trading will allow. Taking a 30% hit to equity by a stop loss being reached, my next trade would have to be significantly smaller than the one just closed out. So it is better...
This is interesting. Guess it is because your broker allows your margin to fall below 100% (i.e. mine allows it to drop to 80% before margin call stop-out) while holding a position but does not allow it to be below 100% when initiating a new position. I have never thought about this particular benefit of hedging. Thanks for the insight.
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Quoting dancingphil
Hedge Management is a core competency that in fact is not much more complex than normal trading. BE+1 functionality must be turned OFF by the EA when/if a pending hedge order is hit. If it is hit, then you have 2 trades to manage, and it is only important to manage one at a time. You only need one of these trades to make 11pips plus commissions to be able to close the other at a net BE (break even). Get VERY good at trade entries; such that like me, you only get hedged about 3% of the time. Roughly 1:30 trades gets hedged in my world, NOT counting...
Hey dancingphil,
I knew you were an aussie the minute I read a couple of lines. I have to say to you that I need to give credit where it's due. IE: getting people to think for themselves, yes good one Phil!.
But I have to tell you straight, as a woman, I can tell you that you know very little about women. Just because you may have slept with ??? no of them doesn't make you an expert on women. Most women don't understand themselves, least of all you.

In addition the fact that there are countless bored married men and women and boredom can make a no of them do crazy S...t, doesn't mean that women are sexual predators. You're generalising to the hilt and making downgrading remarks about women, which is unacceptable.
It's quite clear that you've found your niche in exploiting sad women at possibly some of the worst times of their lives and that makes you NOT someone to be looked upon NOR admired. SAD really!
Quoting GetReal
{quote} Hey dancingphil, I knew you were an aussie the minute I read a couple of lines. I have to say to you that I need to give credit where it's due. IE: getting people to think for themselves, yes good one Phil!. But I have to tell you straight, as a woman, I can tell you that you know very little about women. Just because you may have slept with ??? no of them doesn't make you an expert on women. Most women don't understand themselves, least of all you. In addition the fact that there are countless bored married men and women and boredom can...

Phil passed away a couple of years ago now, please show some respect and remove your post and let him RIP.
Quoting djhenry1981
{quote} Phil passed away a couple of years ago now, please show some respect and remove your post and let him RIP.
How do you know that?
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