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Breeze....Update on GBP/JPY

  • #1,201
  • Jan 24, 2008 8:34am Jan 24, 2008 8:34am
Quoting Breeze
Helloooooooo......am I talking to myself.....?????
hye breeze, i'm still new but what i can say now they're trying to breake support...& i hope the support is very strong enough to hold it
  • #1,202
  • Jan 24, 2008 8:38am Jan 24, 2008 8:38am
short now.
  • #1,203
  • Jan 24, 2008 8:40am Jan 24, 2008 8:40am
Good Morning from Phoenix...I have been following this thread for several days now....I think I am in love with "Breeze". I posted a question late last night, about Hedging. I am curious how this works. Can anyone out there stear me to "His" "Teachings" on this? I trade the G/J on a regular basis, but am still pretty green. My trading system is held together with baling wire, and bubble gum. Would really like to stop giving pips away with stop losses!
  • #1,204
  • Jan 24, 2008 8:40am Jan 24, 2008 8:40am
seems have to wait till home sales to cut or profit.
  • #1,205
  • Jan 24, 2008 8:44am Jan 24, 2008 8:44am
you short at then? screw u man, dun u use a stop loss!?
  • #1,206
  • Jan 24, 2008 8:45am Jan 24, 2008 8:45am
no stop loss as i though i didnt put an short order until i came back
Quoting lyy.sg
you short at then? screw u man, dun u use a stop loss!?
  • #1,207
  • Jan 24, 2008 8:49am Jan 24, 2008 8:49am
good luck friend.. but i am expecting home sales or us to be good.. that if has a greater impact on GBP USD, can push down GBP JPY.. but if its overwhelming to USD JPY, it will push usdjpy up instead.. cut it then..

good luck.
  • #1,208
  • Jan 24, 2008 8:53am Jan 24, 2008 8:53am
home sales good: negtive for gbpusd,but positive for japan-cross
badositive for gbpusd,negtive for japan-cross,

am i right?
Quoting lyy.sg
good luck friend.. but i am expecting home sales or us to be good.. that if has a greater impact on GBP USD, can push down GBP JPY.. but if its overwhelming to USD JPY, it will push usdjpy up instead.. cut it then..

good luck.
  • #1,209
  • Jan 24, 2008 8:57am Jan 24, 2008 8:57am
i hope 233 yeat...in a several weeks, but we have waiting the BAD news to USA pass... who know when stop...


Best Regards,
Marcelo Marques
  • #1,210
  • Edited 10:08am Jan 24, 2008 10:06am | Edited 10:08am
Hello PerPIPtual,
As you probably know, Hedging is the buying and selling the same currency at the same time.....What does it mean?

If you opened a Short(SELL) on G/J at 205.00 the market moved away from you to 206.00(Maybe this was your stoploss, maybe not, maybe it was another point of resistance) At this point you choose to "freeze" your floating loss, so you enter a Long(BUY) at 206.00....until you close one of those positions you are floating with a -100 pip loss. Now the market moves up to where it is now, 210.00, you close your Long with 400 pips of profit. Your account is now much larger, however, your short trade is now -500 pip loss. Your account balance has changed, but your equity has remained unchanged.

The Market then moves down to 204.00 and you close out your Short trade with 100 pips. all in all on an original 100 pip move you have made 500 pips.

The Key to hedging then becomes you want to close your hedge trade at the top or the bottom of a swing, if you see another swing coming your goal is to enter at the top or bottom and exit at the opposite end of the swing. Although there is no way to predict where the exact top and bottom of swings are, you can use candlesticks and other indicators, to help you determine the most likely exit for a trade. This is the best possible explanation I can give of hedging. If use properly, a trade made from 220.00 on G/J maybe be sitting with over a 1000 pip loss at current moments, but with hedging on most or every swing CORRECTLY, you EQUITY could be up 1000+ pips....while your account balance would most likely be 2000+

In essence, the key to hedging a losing trade correctly becomes the same as trading normally. Buy Low, Sell High.

I hope this explains what you were looking for

Quoting perPIPtual Motion
Good Morning from Phoenix...I have been following this thread for several days now....I think I am in love with "Breeze". I posted a question late last night, about Hedging. I am curious how this works. Can anyone out there stear me to "His" "Teachings" on this? I trade the G/J on a regular basis, but am still pretty green. My trading system is held together with baling wire, and bubble gum. Would really like to stop giving pips away with stop losses!
The only sovereign I can allow to rule me is reason.
  • #1,211
  • Jan 24, 2008 11:41am Jan 24, 2008 11:41am
Quoting pearsonfx
Hello PerPIPtual,
As you probably know, Hedging is the buying and selling the same currency at the same time.....What does it mean?

If you opened a Short(SELL) on G/J at 205.00 the market moved away from you to 206.00(Maybe this was your stoploss, maybe not, maybe it was another point of resistance) At this point you choose to "freeze" your floating loss, so you enter a Long(BUY) at 206.00....until you close one of those positions you are floating with a -100 pip loss. Now the market moves up to where it is now, 210.00, you close your Long with 400 pips of profit. Your account is now much larger, however, your short trade is now -500 pip loss. Your account balance has changed, but your equity has remained unchanged.

The Market then moves down to 204.00 and you close out your Short trade with 100 pips. all in all on an original 100 pip move you have made 500 pips.

The Key to hedging then becomes you want to close your hedge trade at the top or the bottom of a swing, if you see another swing coming your goal is to enter at the top or bottom and exit at the opposite end of the swing. Although there is no way to predict where the exact top and bottom of swings are, you can use candlesticks and other indicators, to help you determine the most likely exit for a trade. This is the best possible explanation I can give of hedging. If use properly, a trade made from 220.00 on G/J maybe be sitting with over a 1000 pip loss at current moments, but with hedging on most or every swing CORRECTLY, you EQUITY could be up 1000+ pips....while your account balance would most likely be 2000+

In essence, the key to hedging a losing trade correctly becomes the same as trading normally. Buy Low, Sell High.

I hope this explains what you were looking for
Wow! This sounds amazing....I need some time to digest it. How/Why does your equity remain unscathed? If you appear to be loosing 500pips could you not be subject to a margin call?
Thank you for responding to my post! You are very kind!
  • #1,212
  • Jan 24, 2008 11:52am Jan 24, 2008 11:52am
Quoting Breeze
short @

209.10...............active
209.35...............active
208.50 X 10........active
208.10 X 10........active
209.22 X 10........active

Sometimes my problem is I turn to relax tooooooooooooooo much...thinking that I own this market and thats where I gotta fix myself......I should have taken profits a long time ago....but anyway....its done....I just have to learn...learn....learn.....learn...Damn
Hi all I'm hedged @ 209.50......cause I see price going up to 212.00.....and I see NO point of updating my positions or what I do....as I feel like talking to myself here.....so far I'll unhedge @ 210.00...and the reason is....whats the use pf explaining.
  • #1,213
  • Jan 24, 2008 11:56am Jan 24, 2008 11:56am
Quoting bmwboyee
i don't understand breeze. The previous was higher and the forecast was higher. I see this as good news. Unemployement seems to move down. If home sales come in stronger this could rally?
USD/JPY has failed to rally above 107.00.....which simply means this rally is short.....
  • #1,214
  • Jan 24, 2008 11:59am Jan 24, 2008 11:59am
Quoting VishalJ
Actually it is a surprise in a way, since markets were expecting a higher number. Who knows if the equities will rally on this data..we also have home sales coming up, although I am pretty sure everyone expects those to be bad. That would further solidify a justification for more rate cuts.. and the stocks could go nuts.

Edit - Don't forget that economic stimulus package - could be released today.
Ok....i'm giving it up to 212.00.....and it should be short lived....as long as YEN fails to rally then theres dowside risk on USD/GBP.....
  • #1,215
  • Jan 24, 2008 12:09pm Jan 24, 2008 12:09pm
When we talk to our self, we are teaching ourself, explaining to ourself, reminding ourself of the reason we do what we did..........

keep up the post breeze, many sees hope on you outside the window...
  • #1,216
  • Jan 24, 2008 12:13pm Jan 24, 2008 12:13pm
Quoting Syafi
When we talk to our self, we are teaching ourself, explaining to ourself, reminding ourself of the reason we do what we did..........

keep up the post breeze, many sees hope on you outside the window...
I dissagree my friend....this is brain sucking....i'm just going to post my results and thats it....no more reccommendations this being the last trades i'll ever post.....from next month i'll only post results
  • #1,217
  • Jan 24, 2008 1:01pm Jan 24, 2008 1:01pm
Like I explained earlier your equity remains the same because when you hedge a position, you are essentially "freezing" your Floating Profit. If you hedge when you are -100 pips....then one position will be at -110 pips and the other at +10 pips which averages to -100 pips.

Remember in the example above, you gained +400 pips but were floating with -500. That averages to the original -100, when you started your hedge.

A word of caution though when using hedging as a technique rather than stoploss. When you hedge, it should not be in an act of desperation. Meaning, Im about to get a margin call, I need to hedge. Chances are you are just delaying your margin call. Hedging should be used as a technique that if a trade is going against you, it reaches a point where maybe it breaks a support/resistance in the opposite direction to fuel it going further against you. These are key points as when to start a hedge trade.

This is just my opinion, but I like Breeze, do not use stoplosses...I hedge instead. I like all of my trades to close in profit. If this is not possible, than I use hedging as a technique to increase my account balance and equity to more than overcome the loss that I will take.

The downside to poor hedging is this. If you sold at the bottom of a swing, and then hedged and bought at the top....then the price continues back towards your initial trade. both trades are floating losses, and you see that the price is going to continue what you thought it would do in the first place, so you decide to take the loss from your hedge trade. If you do this enough times....your account will do nothing but get smaller.....just a thought



Quoting perPIPtual Motion
Wow! This sounds amazing....I need some time to digest it. How/Why does your equity remain unscathed? If you appear to be loosing 500pips could you not be subject to a margin call?
Thank you for responding to my post! You are very kind!
The only sovereign I can allow to rule me is reason.
  • #1,218
  • Jan 24, 2008 1:07pm Jan 24, 2008 1:07pm
bull sign is coming watched closely
  • #1,219
  • Jan 24, 2008 1:13pm Jan 24, 2008 1:13pm
Looks like i'll have to pipe in more often Mr Breeze so you ll stop talking to yourself heheheheheh. i was looking to go geppy hunting with ya, still looking long on the monster myself so i thought it best to stay quiet. 220 intial target fast and furious the way this beast behaves. wont hesitate to call it quits around 217 though and take another look. i do look forward to a nice whale dive as they pump up the dollar this spring. i for one know that dead kittys can still scratch.hehehehe. i ll be around late eves mostly.
  • #1,220
  • Jan 24, 2008 1:18pm Jan 24, 2008 1:18pm
i had look at Jpy Current Account that report last week it show 2.16T VS 2.56T drop about 0.4T i had some question with this sharply drop where money gone ?

this could be the one who bought dollar ? then who's bought jpy ? i can't find any posible answer. pls let's my know what u think this is discussion board so don't worry about right or wrong.
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