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Cable Update (GBPUSD)

  • #727,161
  • Feb 8, 2023 5:37am Feb 8, 2023 5:37am
Since the candles are falling into alignment to follow the market move higher, isn't this the time for a liquidity sweep and taking it lower?
  • #727,162
  • Feb 8, 2023 5:38am Feb 8, 2023 5:38am
Quoting DrDave
{quote}{quote} This confirms the trend, it isn't an entry or exit signal.
13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.[/quote]

Started reading the thread and made a quick calculation. Try 36, 54 on a 5min tf
POSTMASTER
  • #727,163
  • Feb 8, 2023 5:40am Feb 8, 2023 5:40am
Currently short Gbpjpy, Gbpusd and gold. Tp for Gbpusd is 1.20600
  • #727,164
  • Feb 8, 2023 5:41am Feb 8, 2023 5:41am
Quoting Robinhood1
{quote} 13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.
Started reading the thread and made a quick calculation. Try 36, 54 on a 5min tf[/quote]

Add a zero too. 540,360, on 5min tf
POSTMASTER
  • #727,165
  • Feb 8, 2023 5:44am Feb 8, 2023 5:44am
The GU ATM, SHORT 1.2095 no sl no tp
  • #727,166
  • Feb 8, 2023 5:48am Feb 8, 2023 5:48am
Quoting Houtbay
Currently short Gbpjpy, Gbpusd and gold. Tp for Gbpusd is 1.20600
This could very well be the Sell on GBP/JPY. Since Daily and H4 confirmed Short, I expect no less than 100 pips. Real target should be 250,300 pips if Daily is right with confirming Short if not even more.

I will be persistent with Shorting Pound vs Yen in these days to come. I have a feeling it will pay off.
  • #727,167
  • Feb 8, 2023 5:49am Feb 8, 2023 5:49am
Quoting palpite
{quote} Worked very well, i sold 1 hour after London Open. Thanks for the tip.
Navk is back!
  • #727,168
  • Feb 8, 2023 5:50am Feb 8, 2023 5:50am
Quoting Robinhood1
{quote} Started reading the thread and made a quick calculation. Try 36, 54 on a 5min tf
Add a zero too. 540,360, on 5min tf[/quote]

324 & 216
POSTMASTER
  • #727,169
  • Feb 8, 2023 5:51am Feb 8, 2023 5:51am
Quoting catch22
{quote} Understood. Yeah, that hedge definition is written by an idiot. If you bought something (+1 unit) and then sold the same thing (-1unit) then in reality you just closed that position. This is not a hedge, that's just having two opposite positions on where you pay double the spread. Market makers just laugh at this and collect that free money you gave them. Hedging means that you hold one asset and opened a position in another correlated asset but it has different characteristics. Also, hedging can be having a position in spot market and then...
I think i'll just take Wavegarrick's word for it, since he has traded the longest.
What you are describing are the methods, not the purpose.

All the brokers describe their account type as either "Hedged" or "Netting". What do they mean by this if not the ability to have multiple positions in opposite direction. You offset risk in a timeframe.

"You secure a second position that you expect to have a negative correlation with your first position—that is, when your existing position goes down, this second position will go up. This mitigates your risk, and we know that, often times, lower risk creates higher rewards in the long run—especially in the highly volatile market.
This is called forex hedging, and as you can see the gains from your second position will offset the expected losses from your first position. This allows you to maintain your first position while still reducing your losses. The two positions should be the same size in order to zero out your losses. Of course, this also means that you will zero out your gains while you hold both positions".

It's about risk mitigation, which method being used doesn't matter if it's a hedge or not. A farmer can hedge his expectancy of lower potato prices in the fall, by not making an investment in growing them.

Is the purpose of a hedge to have a net position or get to a net position? please explain the main purpose(s).
I am not disagreeing with you, but i don't think you will agree with most people if you refer to them as idiots. Thus i am interested in why i should use your definitions, while most of the internet and brokers suggest otherwise.
You have an IQ lower than 90 if you interact with this user.
  • #727,170
  • Feb 8, 2023 5:52am Feb 8, 2023 5:52am
Quoting Robinhood1
{quote} Add a zero too. 540,360, on 5min tf
324 & 216[/quote]

Could work as long as you know direction trend.
POSTMASTER
  • #727,171
  • Feb 8, 2023 5:55am Feb 8, 2023 5:55am
Quoting DrDave
{quote}{quote} This confirms the trend, it isn't an entry or exit signal.
13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.[/quote]

= 7 hmmm...
POSTMASTER
  • #727,172
  • Feb 8, 2023 5:56am Feb 8, 2023 5:56am
Quoting BigNumbers
XAUUSD LONG {image}
Hmmmmmmmmm.....
How to succeed in zero sum game?
  • #727,173
  • Feb 8, 2023 6:01am Feb 8, 2023 6:01am
Quoting SnailFX
{quote} Also! H4 is about to confirm Long, after this candle closes in hour and a half. R from 1.217 to 1.22. Sounds good! {image}
H4 confirmed Long of course. We'll see what the next one will do.
Due to H4 confirming Long and a big 100 pips sell we witnessed yesterday, I expect the Pound to reach between 1.217 and 1.22. They were getting rid of Buyers with that 100 pips on my opinion.
  • #727,174
  • Feb 8, 2023 6:02am Feb 8, 2023 6:02am
Added SL at 12080 for most of my longs. If it breaches I will go long at lower level
Insane in the Brain..
  • #727,175
  • Feb 8, 2023 6:08am Feb 8, 2023 6:08am
Smells like Buy, Range, Buy to me. We'll see..
I will probably have to Buy USD vs JPY tommorow.
  • #727,176
  • Edited 7:30am Feb 8, 2023 6:10am | Edited 7:30am
Quoting catch22
{quote} Understood. Yeah, that hedge definition is written by an idiot. If you bought something (+1 unit) and then sold the same thing (-1unit) then in reality you just closed that position. This is not a hedge, that's just having two opposite positions on where you pay double the spread. Market makers just laugh at this and collect that free money you gave them. Hedging means that you hold one asset and opened a position in another correlated asset but it has different characteristics. Also, hedging can be having a position in spot market and then...
https://www.forex.com/en/market-anal...rex-explained/
You have an IQ lower than 90 if you interact with this user.
  • #727,177
  • Feb 8, 2023 6:16am Feb 8, 2023 6:16am
Quoting Yngwie
{quote} Long 1.2087 SL 1.2078
Let it fly... just closed for +20p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #727,178
  • Feb 8, 2023 6:20am Feb 8, 2023 6:20am
AUDCAD long
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  • #727,179
  • Feb 8, 2023 6:23am Feb 8, 2023 6:23am
Quoting catch22
{quote} Understood. Yeah, that hedge definition is written by an idiot. If you bought something (+1 unit) and then sold the same thing (-1unit) then in reality you just closed that position. This is not a hedge, that's just having two opposite positions on where you pay double the spread. Market makers just laugh at this and collect that free money you gave them. Hedging means that you hold one asset and opened a position in another correlated asset but it has different characteristics. Also, hedging can be having a position in spot market and then...
That isn't quite how trading works. You can hold buy and sell transactions open for the same currency pair. These transactions will stay open until they are closed. Once you open a transaction it must be closed and not just offset with a transaction in the opposite direction.
While holding the opposing transactions your margin and equity are not significantly impacted.
While holding the open transactions if the market moves such that one of the transactions becomes more profitable and you close the profitable transaction followed by waiting for the second transaction to become profitable from a market reversal, your hedge just made you a profit.

There are other forms of hedging as you are describing as well.
  • #727,180
  • Feb 8, 2023 6:23am Feb 8, 2023 6:23am
Quoting Indigo45
{quote} For how many pips...?
Droped 20 pips and now it's came back to 1.2105. 2 hours for the news, maybe i close this trade before.
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