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  • #90,221
  • Apr 28, 2009 6:17pm Apr 28, 2009 6:17pm
Quoting Bigfx
I am out and watching rest of the week things get crazy with News but if you are going to trade watch my educational video http://www.youtube.com/watch?v=S06nIz4scvI
That's likely a good plan--- however if it goes to 1.3291 anytime soon I may have to short it Sweet
  • #90,222
  • Apr 28, 2009 6:24pm Apr 28, 2009 6:24pm
Quoting knuckledrag
That's likely a good plan--- however if it goes to 1.3291 anytime soon I may have to short it Sweet
works for me!!!
  • #90,223
  • Apr 28, 2009 6:24pm Apr 28, 2009 6:24pm
Quoting arthurb
You and others like yourself, should be thankful to the "no hedging" and yes welcome to the real world, this is maybe the best what others can do for you, i don't know your trading experience and i don't really care. I have never hedged a position within a pair, try to learn to spread your risk on other pairs, crosses maybe the best choice, at least this is what i do.

I like that the trading world is full with folks like yourself, make me feel safe, since you don't care about your money.

Regards
Arthur

PS. yes i do like to be cynical
I hope your false sense of security keeps you all warm and kozy since that's all it is, real world??? hardly...hedging is an excellent tool and just because you cant wield it does'nt mean others don't profit from it....

mm

p.s. close out a stop loss for me...http://www.forexfactory.com/images/icons/icon7.gif
He who hesitates is hesitant....which always leads to bad entries.
  • #90,224
  • Apr 28, 2009 6:28pm Apr 28, 2009 6:28pm
Quoting traderathome
I hope this helps some who are trying to grasp the concept.

Suppose you enter a "long" trade. But it soon whipsaws against you, and suddenly you are in loss and things look precarious. Simply and immediately enter a "short" trade for the same size. You have now protected your account from any further loss no matter what the PA does. You have also prevented the ability to make profits while this "insurance" hedge is in place.

When later you see the PA has exhausted its move against your original trade, close the short trade. It has profits...
great posthttp://www.forexfactory.com/images/icons/icon14.gif....the truth is out there...

mm
He who hesitates is hesitant....which always leads to bad entries.
  • #90,225
  • Apr 28, 2009 6:31pm Apr 28, 2009 6:31pm
Quoting jesjack
works for me!!!
http://www.forexfactory.com/attachme...9&d=1233943588 i believe u asked for that
those who can, do. those who cant, talk about those who can
  • #90,226
  • Apr 28, 2009 6:32pm Apr 28, 2009 6:32pm
Quoting geojams
I stopped hedging after I went -150 to +50 pips in a few hours. I got out of it ok, but I learned my lesson. Having said that, I have two trading accounts at different brokers. If I really wanted to hedge I would just open an opposing trade in the other broker. I also have the benefit of protecting myself in case my primary broker goes down for some reason. I can always open an opposing trade in the other broker to protect my primary trade.
Must have a lot of $ to open two accounts....very hard to manage....hedging is easier for ME and uses less margin....

mm

p.s. good luck to you as well.....
He who hesitates is hesitant....which always leads to bad entries.
  • #90,227
  • Apr 28, 2009 6:33pm Apr 28, 2009 6:33pm
testing the once again. new high..
those who can, do. those who cant, talk about those who can
  • #90,228
  • Apr 28, 2009 6:37pm Apr 28, 2009 6:37pm
Quoting Mackeymax
I hope your false sense of security keeps you all warm and kozy since that's all it is, real world??? hardly...hedging is an excellent tool and just because you cant wield it does'nt mean others don't profit from it....

mm

p.s. close out a stop loss for me...http://www.forexfactory.com/images/icons/icon7.gif
I'll take the losses anytime they come and i do a lot but i have more good trades than bad ones. Hedging provides YOU with a sense of security while reducing your equity in the process and making you hope, not taking losses.

GL to YOU too

PS. tell me how do you hedge stocks, futures,, etc , if you do, bcs you will do the same in forex soon, try to learn how is done first.

Regards
Arthur
  • #90,229
  • Apr 28, 2009 6:37pm Apr 28, 2009 6:37pm
im thinking double-top at 3165/66....not sure yet though.
  • #90,230
  • Apr 28, 2009 6:38pm Apr 28, 2009 6:38pm
About the hedging stuff.... I think it's bull**** which i said before ... i think a week ago or so...
the thing is what are they going to take away next... candlesticks, MA, ....what everything but the $ line and you just get to guess!!! it's horse s****!!!
sorry, just very upset by it... like i said before I don't try and leave a trade in but it has saved my account at one point and so I'm very much for having the option of doing so...
  • #90,231
  • Apr 28, 2009 6:42pm Apr 28, 2009 6:42pm
Quoting jesjack
works for me!!!
That's a low probability (161.8 extension) not likely tonight
  • #90,232
  • Apr 28, 2009 6:42pm Apr 28, 2009 6:42pm
Quoting arthurb
I'll take the losses anytime they come and i do a lot but i have more good trades than bad ones. Hedging provides YOU with a sense of security while reducing your equity in the process and making you hope, not taking losses.

GL to YOU too

PS. tell me how do you hedge stocks, futures,, etc , if you do, bcs you will do the same in forex soon, try to learn how is done first.

Regards
Arthur
stocks are more crooked than forex....I traded for a few years at 4:1 buying power and oh and it gets better when your broker won't let you short $5 and under stocks....no thanks, Hank!

mm

p.s. when you hedge you don't lose any money at all as long as you cover the spread...which offsets itself to a lesser degree.....study and you will learn...http://www.forexfactory.com/images/icons/icon6.gif
He who hesitates is hesitant....which always leads to bad entries.
  • #90,233
  • Apr 28, 2009 6:43pm Apr 28, 2009 6:43pm
Quoting knuckledrag
That's a low probability (161.8 extension) not likely tonight
i figured ... just want it a little higher and then drop like a rock
  • #90,234
  • Apr 28, 2009 6:45pm Apr 28, 2009 6:45pm
Quoting jesjack
About the hedging stuff.... I think it's bull**** which i said before ... i think a week ago or so...
the thing is what are they going to take away next... candlesticks, MA, ....what everything but the $ line and you just get to guess!!! it's horse s****!!!
sorry, just very upset by it... like i said before I don't try and leave a trade in but it has saved my account at one point and so I'm very much for having the option of doing so...
such language from a mom of three....a glass of Chablis coming your way...to ease the pain of NFA's bitter pill http://www.forexfactory.com/images/icons/icon9.gif


mm
He who hesitates is hesitant....which always leads to bad entries.
  • #90,235
  • Apr 28, 2009 6:45pm Apr 28, 2009 6:45pm
SERIOUSLY HEDGING ON ACCOUNTS BASED IN THE USA FROM 15TH MAY 2009 IS STOPPED.

Check the NFA thread or something, accounts out side of the USA will likely be forced to follow suite sooner or later.

Pure Hedging doesn't make sense, but 2 trades, 1 a scalp, 1 a intraday trade in opposite directions to take advantage of chop sounds a handy tool to me.

I can still Hedge
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #90,236
  • Apr 28, 2009 6:49pm Apr 28, 2009 6:49pm
Quoting Turveyd
SERIOUSLY HEDGING ON ACCOUNTS BASED IN THE USA FROM 15TH MAY 2009 IS STOPPED.

Check the NFA thread or something, accounts out side of the USA will likely be forced to follow suite sooner or later.

Pure Hedging doesn't make sense, but 2 trades, 1 a scalp, 1 a intraday trade in opposite directions to take advantage of chop sounds a handy tool to me.

I can still Hedge
who knows after Obama is done with his term, we might be like Europe anyway and then we can hedge again....I can dream....

mm
He who hesitates is hesitant....which always leads to bad entries.
  • #90,237
  • Apr 28, 2009 6:49pm Apr 28, 2009 6:49pm
Quoting Mackeymax
such language from a mom of three....a glass of Chablis coming your way...to ease the pain of NFA's bitter pill http://www.forexfactory.com/images/icons/icon9.gif


mm
thanks but already have one... maybe thats why i said what i had to say... i think it is crap though...
  • #90,238
  • Apr 28, 2009 6:49pm Apr 28, 2009 6:49pm
Quoting jesjack
About the hedging stuff.... I think it's bull**** which i said before ... i think a week ago or so...
the thing is what are they going to take away next... candlesticks, MA, ....what everything but the $ line and you just get to guess!!! it's horse s****!!!
sorry, just very upset by it... like i said before I don't try and leave a trade in but it has saved my account at one point and so I'm very much for having the option of doing so...
Ok I'm not real clear on this-- do we put you down as a yah or nay
sorry
  • #90,239
  • Apr 28, 2009 6:49pm Apr 28, 2009 6:49pm
Dont matter- open more than one acc, also protects against REFCO happening lol

Quoting Turveyd
SERIOUSLY HEDGING ON ACCOUNTS BASED IN THE USA FROM 15TH MAY 2009 IS STOPPED.

Check the NFA thread or something, accounts out side of the USA will likely be forced to follow suite sooner or later.

Pure Hedging doesn't make sense, but 2 trades, 1 a scalp, 1 a intraday trade in opposite directions to take advantage of chop sounds a handy tool to me.

I can still Hedge
Its all in the mind.
  • #90,240
  • Apr 28, 2009 6:50pm Apr 28, 2009 6:50pm
8 years and we may end up worse than europe....

Quoting Mackeymax
who knows after Obama is done with his term, we might be like Europe anyway and then we can hedge again....I can dream....

mm
Its all in the mind.
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