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  • #1,126,161
  • Aug 3, 2017 11:35am Aug 3, 2017 11:35am
Quoting bbk1
{quote} I am short from 1.1360, few shorts between 1.1390 to 1.1695, 1.1795, and few shorts between 1.1800, and 1.1875
I see...I'm not sure if it will go back down to 1.1390 or even 1.15570, which is my lowest entry point. I do think we are going to at least 1.16855 sometime soon. I will be looking to cover then (No sense to get out now). Lets see what happens. Trading JPY and GBP meanwhile.
  • #1,126,162
  • Aug 3, 2017 11:37am Aug 3, 2017 11:37am
Quoting nesta
{quote} TP1 1.1851 TP2 1.1901
if you my trade,My-post analysis, subscribed to ME
  • #1,126,163
  • Aug 3, 2017 11:38am Aug 3, 2017 11:38am
Quoting nesta
H4 TP1:1.8391 tp2:1.8170 TP3:1.1794 {image}
if you my trade,My-post analysis, subscribed to ME
  • #1,126,164
  • Aug 3, 2017 11:40am Aug 3, 2017 11:40am
Quoting imwim
{quote} Indeed, hedging is the way to cover one mistake with another one...
I wouldnt consider it hedging, I have bought this trend up, while keeping my main position. There's no wrong in trading intraday while holding a swing position. If the opportunity is there. Trade it.
  • #1,126,165
  • Edited 12:00pm Aug 3, 2017 11:40am | Edited 12:00pm
LONG
S/O
Attached Image (click to enlarge)
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A good trader follows his rules, but great trader knows when to break them
  • #1,126,166
  • Aug 3, 2017 11:41am Aug 3, 2017 11:41am
Quoting swing 123
{quote} Interesting..
How interesting ?
Enter Signature
  • #1,126,167
  • Aug 3, 2017 11:43am Aug 3, 2017 11:43am
Quoting ill_be_back
LONG {image}

Hi IllBeBack, are you expecting to book a profit with a HH from here?
I don't know...
  • #1,126,168
  • Aug 3, 2017 11:44am Aug 3, 2017 11:44am
Quoting ill_be_back
LONG {image}
I was short from 1884, closed at 74. Pending sell on 1890 for tomorrow.
  • #1,126,169
  • Aug 3, 2017 11:45am Aug 3, 2017 11:45am
Quoting Kartveli
{quote} Hi IllBeBack, are you expecting to book a profit with a HH from here?
Target 1.19000
If not S/O
A good trader follows his rules, but great trader knows when to break them
  • #1,126,170
  • Aug 3, 2017 11:47am Aug 3, 2017 11:47am
Quoting ill_be_back
LONG {image}
Classical, bet for resistance to become support...
I am who I am
  • #1,126,171
  • Aug 3, 2017 11:51am Aug 3, 2017 11:51am
I think there is some agreement between the Central bank FED and the ECB from 2008/2010. I think the agreement have been to support the euro by declining it for the eurosone figures to rise. Before that the ECB was pushing the FED to keep their currency low. Now we see the USD too strong and the eurosone improving which is supporting from both cetralbanks the decline of the USD. This is why we will se a quick rise in the euro. History also tells us it always go back to where it started
  • #1,126,172
  • Aug 3, 2017 12:04pm Aug 3, 2017 12:04pm
How are people hedging? Multiple accounts? I'm not allowed to hedge.
  • #1,126,173
  • Aug 3, 2017 12:13pm Aug 3, 2017 12:13pm
Quoting mattbbaby
How are people hedging? Multiple accounts? I'm not allowed to hedge.
It depends on broker: one of my brokers allows hedging, other - not, but there is workaround: it's possible to hedge during the day, but overnight hedging positions merged automatically, i.e. if you open 1 lot short and 2 lots long, then next day you'll have only 1 long left, but during the day trade it's fine - you can open/close such positions.
  • #1,126,174
  • Aug 3, 2017 12:17pm Aug 3, 2017 12:17pm
Quoting myid
{quote} It depends on broker: one of my brokers allows hedging, other - not, but there is workaround: it's possible to hedge during the day, but overnight hedging positions merged automatically, i.e. if you open 1 lot short and 2 lots long, then next day you'll have only 1 long left, but during the day trade it's fine - you can open/close such positions.

So it's broker laws, not client laws then right? Thanks
  • #1,126,175
  • Aug 3, 2017 12:19pm Aug 3, 2017 12:19pm
tomorrow is gonna be scary..

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  • #1,126,176
  • Aug 3, 2017 12:20pm Aug 3, 2017 12:20pm
Quoting hilmy83
tomorrow is gonna be scary.. {image}

and what do you see?
  • #1,126,177
  • Aug 3, 2017 12:21pm Aug 3, 2017 12:21pm
high risk account slaughtered today..primary stayed on the sidelines.
  • #1,126,178
  • Aug 3, 2017 12:21pm Aug 3, 2017 12:21pm
Quoting Marianne
{quote} and what do you see?
i see me making money and treating you to KFC...

hey that rhymes..
  • #1,126,179
  • Aug 3, 2017 12:25pm Aug 3, 2017 12:25pm
Quoting myid
{quote} Regarding my question (or just thoughts): assume one have 5 opened short slots with losses; then opening 6 long slots for hedging, then closing hedging positions - and what happens? You are going short with 5 slots again! So, the question was: if trading from the scratch, would you open 5 short slots in that particular situation?
It's a little hard to explain without going too lengthy. Firstly I am not using that strategy for all my trading. I only use hedging if the market goes against my position and I find myself in the RED. Also I do not open same amount of lots for hedging. ex: if I am trading 5 lots I may open only 2 hedge lots. Think of it as a way of scalping; that's open a long position then TP at the resistance level or just before it starts going down. Then wait for it to go down to buy another hedge position to be closed when it starts to go down. I am not saying this is the best trading but if the market goes against me and I am in no position to terminate my trades for some reason then this method of hedging would minimize any potential losses. Also I add more shorts when it gets to resistance level and close them when the market goes down and give a profit. That way I am making profit from my hedge trades and from the new short trades I opened most recently at the resistance level. If I don't use this method I would eventually find my account blown out so it's a way to prevent that from happening. That way they Eu can go to 1.2 or 1.3 but my loss would be manageable and my account is safe from being blown out.
Sorry I may have not been able to explain it well but at least I hope I got some points across.
I would not advise anyone to try this method because it's very difficult and stressing. If I was to give an advice to a friend I would tell him/her: If you see market going against your position, just close it and ride the trend but never fight it because you can not win a fight with RB banks
Enter Signature
  • #1,126,180
  • Aug 3, 2017 12:25pm Aug 3, 2017 12:25pm
Quoting hilmy83
{quote} i see me making money and treating you to KFC... hey that rhymes..
up or down? Are we reaching a turning point? We havent seen the strange movemts up and Down which could indicate a turing point or do you see it?
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