Some typo in chart need correction. You mean "BUY"
BTW you've smart trader strategy, that is "Staying Out. Reaction is better than Prediction."
Wait for price, and patience
I come from the future.
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Disliked{quote} still testing and questions arise... what happens if the market continues to rise and you continue to short but the price does not return to the average price? should you close out the whole position at some point with a loss? thanks in advance for the answerIgnored
Disliked{quote} ok if you are SHORT and the price rises, and you've been hedging LONG if what you have banked more than the SHORT loss then you could close the SHORT, you've made profit happy days then start over again....or carry on hedging LONG but then also place another SHORT no TP no SL. so now you will 1 x LONG with TP and no SL and 2x SHORTS, 1 with original TP no SL and 1 with no TP no SL, carry on hedging if price goes up. if price goes down then you can close both SHORTS when original SHORT TP is hit and the 1 x LONG, if you do this you will be...Ignored
DislikedGU Trade Ideas Any comment welcome. Englis good or bad , no issue, just write, we can story here. If you cannot "brain" this, just ask question Let hear from each other.... wrong or write (typo) right, nenver mind we learn together. Thank you{image}Ignored
Disliked{quote} Hi Whale. good morning. Some typo in chart need correction. You mean "BUY" BTW you've smart trader strategy, that is "Staying Out. Reaction is better than Prediction." Wait for price, and patienceIgnored
Disliked{quote} good advice, once he tries trading hedging which can be done with demo. When it clicks , he will know. It is that eureka moment when it clicks, and then Happy days.Ignored
DislikedGU Trade Ideas Any comment welcome. Englis good or bad , no issue, just write, we can story here. If you cannot "brain" this, just ask question Let hear from each other.... wrong or write (typo) right, nenver mind we learn together. Thank you{image}Ignored
Disliked{quote} Hello MapleLeaf. should've quote the source, if not it's just hearsay. BTW, the figure you've mentioned above is not official. It is median consensus estimated by group of banks ahead of CPI. Most traders took those number as "leaked" ahead of official data release Honestly, from my Newbie perspective,those estimates sure all seem to be too low. At this stage haven't banks realised they're constantly underestimating? The best estimate so far I've seen is Cleveland Fed, which has underestimated by a few tenths, but has been pretty close each...Ignored
Disliked{quote} I don't really have any experience at long term (or short term for that matter) analysis or forecasting. I trade things as I see them at the time....you've probably noticed! BUT....hee hee hee.....when I see you chart forecast and I look at my own H4 chart I agree with the direction of going up, but I don't know about the levels that the action might stop at on the way up. The reason I say this is because the MACD is looking to turn up, as is the Stochastic (with my own settings). Also, the RSI is hovering around the 50 level and if it gets...Ignored
Disliked{quote} ok if you are SHORT and the price rises, and you've been hedging LONG if what you have banked more than the SHORT loss then you could close the SHORT, you've made profit happy days then start over again....or carry on hedging LONG but then also place another SHORT no TP no SL. so now you will 1 x LONG with TP and no SL and 2x SHORTS, 1 with original TP no SL and 1 with no TP no SL, carry on hedging if price goes up. if price goes down then you can close both SHORTS when original SHORT TP is hit and the 1 x LONG, if you do this you will be...Ignored
Disliked{quote} good advice, once he tries trading hedging which can be done with demo. When it clicks , he will know. It is that eureka moment when it clicks, and then Happy days.Ignored