Holding till NFP tomorrow.
So far no PA to exit.
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Disliked{quote} You forget to mention the sarcasm, because the reports 20B from 23B is positive for $. ISM Non-Manufacturing PMI to be positive for $ should be above 50, so 53.9 is very good despite 57 manipulated forecast. Despite positive data in a row, the $ selling machine cannot be stopped out...Ignored
Disliked{quote} To be honest I would not say that it's a sustainable strategy, but it's a way to minimize losses. But if one is not careful with it he/she could get burned on both sides. When I first tried it, I really got bitten bad and it took me a while to make it work for me. I only use this strategy if I had to, like in the situation I got myself in with EU. Of course there is no better strategy than to ride the trends but sometimes one gets caught up in a situation like I am with EU, and that would be the time when hedging might help Good luck to...Ignored
Disliked{quote} I think it's going to next resistance at 19.10 between now and tomorrow's employment news then if the news is good we might see a retrace I don't know what GL and GB meanIgnored
Disliked{quote} I fully understand what you're saying but believe me I had been using this method of hedging for years and I have not gotten in a big loss except in my first 2 years of trading when I had no experience. The key here is: 1) have enough margin in account 2) patience. No matter how far up they take it, it's bound to come down. And like I said (I am hedging) I am buying as it goes up and closing the longs as it nears resistance or starts coming down, then buy from down again and close when it nears resistance and so forth while keeping my shorts...Ignored
Disliked{quote} Frankly, my knowledge of Fundamental is Very Limited I rely heavily on Technical Analysis [TA] for Trade Trumph program's is $ Dollar should be Weakened To be Competative with other Currencies. Especially with China's have Surpluss Trade Balance. {image}Ignored
Disliked{quote} I guess we are living in perfect world! Every number I mentioned touched as I mentioned.( at leas close call )Ignored
Disliked{quote} I was there as well, but I skipped and joined the trend. Why "minimize losses" if one can take profit? It's hard to make right decisions when negative positions pressing you. In such situation you believe in what you want to believe, not possible to correctly evaluate real situation. May be it works in most of other situations but not for the current abnormal trend IMHO. Another point: when you hedging, you are long, when closing - you are short (with ALL or most of your negative positions). Would you do the same decisions (with the same...Ignored
Disliked{quote} I fully understand what you're saying but believe me I had been using this method of hedging for years and I have not gotten in a big loss except in my first 2 years of trading when I had no experience. The key here is: 1) have enough margin in account 2) patience. No matter how far up they take it, it's bound to come down. And like I said (I am hedging) I am buying as it goes up and closing the longs as it nears resistance or starts coming down, then buy from down again and close when it nears resistance and so forth while keeping my shorts...Ignored
Disliked{quote} I fully understand what you're saying but believe me I had been using this method of hedging for years and I have not gotten in a big loss except in my first 2 years of trading when I had no experience. The key here is: 1) have enough margin in account 2) patience. No matter how far up they take it, it's bound to come down. And like I said (I am hedging) I am buying as it goes up and closing the longs as it nears resistance or starts coming down, then buy from down again and close when it nears resistance and so forth while keeping my shorts...Ignored
Disliked{quote} Is all about the margin and figuring out how far the retracement is going to be. I'm short from 1.15570, 1.16279 and 1.17837Ignored
Disliked{quote} I am short from 1.1360, few shorts between 1.1390 to 1.1695, 1.1795, and few shorts between 1.1800, and 1.1875Ignored
Disliked{quote} No offense at all. On the contrary, I find these kind of discussions enlightening and I am learning a lot fro it. I am sorry I did not understand your questionIgnored
Disliked{quote} Hi Bkk! I was Heavy underwater in the GPB/USD some monthes ago. I was long. It declined from 1,26 down to 1,21. Technically it looked as it was going to 1.15. It was huge amount. I sat waiting everyone said it was going further down. Some months later the GPB/USD is now in 1,32. I had a choice to sell or wait. My patience gave me a profit in this one in the end but it scared me finding myself so much underwater.I have learnt from this. I sell very quickly if it is not going my way. Unlikely is what I am fudamentally sure it will og my way...Ignored