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New Cable Thread & Other Pairs

  • #6,101
  • Jun 21, 2024 4:06am Jun 21, 2024 4:06am
GU
W1 Triangle + D1 Bfly

Possible inverted H&S, similar to EU last week.
1.2550 has to hold, after that only bottom of triangle at 1.24.
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  • #6,102
  • Jun 21, 2024 4:09am Jun 21, 2024 4:09am
Gold
H4 Triangle breakout
Can't exclude target for triangle breakout, still short.
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  • #6,103
  • Jun 21, 2024 4:38am Jun 21, 2024 4:38am
Quoting birdland
{quote} yes, but if you dont know how to do it right, then its better to use good, old stops;-) because it can make more confusion then...
Do you usually hedge the equal lot amounts both ways when you do this? Or is it more of a 2/1 ratio in favor of the way you think it will go. And if it doesn't then you add to the lesser side to make up loss on it? I am curious about this as I have been wanting to start hedging all my plays....less up front win but less risk if done right.
  • #6,104
  • Jun 21, 2024 4:47am Jun 21, 2024 4:47am
Quoting pedro319
Gold H4 Triangle breakout Can't exclude target for triangle breakout, still short. {image}
Pedro? The bigger BTFLY is correct technically? If yes could be a target.

I am still short at least below 2375 and I hope the PMI will change the direction.
At the moment 2369 is working.
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  • #6,105
  • Jun 21, 2024 5:48am Jun 21, 2024 5:48am
Quoting SmallGains
{quote} Do you usually hedge the equal lot amounts both ways when you do this? Or is it more of a 2/1 ratio in favor of the way you think it will go. And if it doesn't then you add to the lesser side to make up loss on it? I am curious about this as I have been wanting to start hedging all my plays....less up front win but less risk if done right.
yes, if i am short 5 lots and i have to hedge them i take 5 lots long. them i am 100% hedged.

i do this not for a kind of strategy. i just hedging to get out (in a smart way) of a losing position.
trading is like dancing, don't think and just listen to the music!
  • #6,106
  • Jun 21, 2024 6:00am Jun 21, 2024 6:00am
Quoting Mihisti
{quote} Pedro? The bigger BTFLY is correct technically? If yes could be a target. I am still short at least below 2375 and I hope the PMI will change the direction. At the moment 2369 is working. {image}
It's correct but don't ignore the D1 fib levels.
We watch the charts from every angle so you don't have to!!
  • #6,107
  • Jun 21, 2024 6:19am Jun 21, 2024 6:19am
Quoting birdland
{quote} yes, if i am short 5 lots and i have to hedge them i take 5 lots long. them i am 100% hedged. i do this not for a kind of strategy. i just hedging to get out (in a smart way) of a losing position.
Thanks for the clarification.
  • #6,108
  • Jun 21, 2024 6:19am Jun 21, 2024 6:19am
Quoting SmallGains
{quote} Do you usually hedge the equal lot amounts both ways when you do this? Or is it more of a 2/1 ratio in favor of the way you think it will go. And if it doesn't then you add to the lesser side to make up loss on it? I am curious about this as I have been wanting to start hedging all my plays....less up front win but less risk if done right.
The bird understands much more than I do, but I will highlight some very basic things, it is very easy to get into hedge and the hardest to get out of it correctly and not lose much more than with a stop, you have to keep the hedge active and equal until a really good setup, that way what you have to lose is only the gap between the orders, and be really careful when you close only one side, do not test on a live account,
'In the clearing stands a boxer And a fighter by his trade..'
  • #6,109
  • Jun 21, 2024 6:34am Jun 21, 2024 6:34am
Quoting pedro319
{quote} It's correct but don't ignore the D1 fib levels.
Gold
Plenty of chances to manage positions.
We watch the charts from every angle so you don't have to!!
  • #6,110
  • Jun 21, 2024 6:39am Jun 21, 2024 6:39am
Quoting pedro319
{quote} Gold Plenty of chances to manage positions.
On it!
I only follow traders with IQ above 160
  • #6,111
  • Jun 21, 2024 6:47am Jun 21, 2024 6:47am
Gold
Let's see what happens at triangle upper border re test, important moment.
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  • #6,112
  • Jun 21, 2024 6:56am Jun 21, 2024 6:56am
Quoting pedro319
Gold Let's see what happens at triangle upper border re test, important moment. {image}
Moved stops and now just watching!!
I only follow traders with IQ above 160
  • #6,113
  • Jun 21, 2024 6:56am Jun 21, 2024 6:56am
Quoting pedro319
Gold Let's see what happens at triangle upper border re test, important moment. {image}
firstly gj,
secondly, right there is pivot too so it's an interesting confluence
...I Bet You Ain't Never Seen A Donkey Fly!
  • #6,114
  • Jun 21, 2024 6:58am Jun 21, 2024 6:58am
Quoting dilidanjaro
{quote} firstly gj, secondly, right there is pivot too so it's an interesting confluence
The easier the better, it's Friday!!
We watch the charts from every angle so you don't have to!!
  • #6,115
  • Jun 21, 2024 7:06am Jun 21, 2024 7:06am
Quoting pedro319
{quote} The easier the better, it's Friday!!
It does not get easier. enjoy your weekend and tks.
I only follow traders with IQ above 160
  • #6,116
  • Jun 21, 2024 7:18am Jun 21, 2024 7:18am
Quoting GOR
{quote} The bird understands much more than I do, but I will highlight some very basic things, it is very easy to get into hedge and the hardest to get out of it correctly and not lose much more than with a stop, you have to keep the hedge active and equal until a really good setup, that way what you have to lose is only the gap between the orders, and be really careful when you close only one side, do not test on a live account,
thats the point!
trading is like dancing, don't think and just listen to the music!
  • #6,117
  • Jun 21, 2024 7:25am Jun 21, 2024 7:25am
EJ
It's coming home!
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  • #6,118
  • Jun 21, 2024 7:28am Jun 21, 2024 7:28am
Quoting pedro319
EJ It's coming home! {image}
plan the trade and trade the plan
...I Bet You Ain't Never Seen A Donkey Fly!
  • #6,119
  • Jun 21, 2024 7:29am Jun 21, 2024 7:29am
Quoting dilidanjaro
{quote} plan the trade and trade the plan
There is no other way!
We watch the charts from every angle so you don't have to!!
  • #6,120
  • Jun 21, 2024 8:26am Jun 21, 2024 8:26am
2 arguments why the euro no longer enjoys the trust of international investors or states:


- you cannot freeze or confiscate property/foreign exchange reserves of another country (russia) or use interest for a war.

..china, india or brazil will realise this and will not invest their foreign exchange reserves in euros or quickly convert them into gold.


- its highly stupid to penalise a country (hungary) for protecting european borders against illegal border crossings.


the eu have gone mad, lost their compass...
trading is like dancing, don't think and just listen to the music!
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