DislikedMy MT4 indicator and this: http://www.actionforex.com/technical...-200603215759/ tells me that R3 is at 0.8649Ignored
Thanks for the link mate, cool site.
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DislikedMy MT4 indicator and this: http://www.actionforex.com/technical...-200603215759/ tells me that R3 is at 0.8649Ignored
DislikedSkiman
Is this what they call a 'hedge'?
Thanks for all the advice guys - appreciate itIgnored
QuoteDislikedA hedge is when:
You buy aud at .8500. On your account is only 100$ and you buy 1 lot, so 1 pip is 1$, The aus$ felt 80 pips and you see that you are about to loose all of your cash, so you hedge your position that means that you sell the same ammount that you previously bought. Your" loss/profit is stalled altough market is active. I hope you understand cause my english is not very good. On Slovene it would be much easier for me.
DislikedI'd wait till 9000 before going all in.. RBA hasnt increase the rate as of yet so 9000 should be unwarranted.
Might look for a re-entry long at 8500, half lot. The recent highs might be due to stops being triggered so the retrace should come soon enough...
Currently short for the retrace but I'm still AUD bullish though.Ignored
DislikedAll the good news, almost everything has been priced into current level so expect aussie to pull back and stabilize at its normal levels at around .83 cent mark.
CheersIgnored
Dislikedi really value your comment and its reinforce me to learn and to practice to be a better traderIgnored
DislikedHow to consider gold price ($1000)?
I thougt that gold is escape from risk?Ignored
Disliked
And for those of you who like to have a little read, here's Bank of Scotland's Daily Market Strategy
Attachment
Good trades!
.Ignored
DislikedMy Short exposure, looking to lock in pips synthetically as it fallsIgnored
Disliked"Hey mate.. can you please explain what that means - to 'lock in pips synthetically'?"
As (if) price falls and my total profit increases I would start locking it in with synthetic hedges along the way to allow further entries on pull backs whilst leaving my profit flexible as oposed to crystalized by a stop loss. Theoretically its not too different form using stops but it is more flexible and allows you to average your break even price up or down at prices not displayed by the market.........
i.e Sell AUD/USD as profit comes...Ignored
DislikedHaHa, no worries!
I probably made it more complicated that it needs to be, but have not fully developed its use myself.
Im just using it as a position management technique for a swing trade to the downsideIgnored