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AUD/USD

  • #7,901
  • Oct 28, 2009 7:44pm Oct 28, 2009 7:44pm
Quoting pounce
Hit .895 and if GDP tonight sucks, hello .8648
I agree but I think we'll see 86 regardless early in November.
  • #7,902
  • Oct 28, 2009 7:45pm Oct 28, 2009 7:45pm
Quoting puks
Are you with GO markets or with MT4 that allows hedging the same currency pair?

For records, I have closed my CMC account with a profit (to CMC markets) of 5K.

Now I aim to make it a loss (for GoMarkets) using hedging theory.
Hi Puks. I've had several complaints about CMC (one was the expiry of 10 natgas contracts that rolled over to the next month, and they screwed me on the next month fill price to steal 450us from me and hope i wont notice, had to ring them up a week later to get it back) , and am about to close mine, currently running fxcm and go markets demo accounts, is only fxcm a mt4 platform?
I've kept a few grand out of the cmc account to pay for a new pc, now on the last few hundreds as i continue to learn.
  • #7,903
  • Oct 28, 2009 7:50pm Oct 28, 2009 7:50pm
Quoting WestAus
What about short squeeze, spikes, they could falsely fill all your orders only to return the other way and have a bigger loss??
nope it will be 5 trades short and 5 trades long, now price in the middle set the same set up but the size 5 now equal 1.

so limit long 5 + 5+ 5 +5 +5 so does the limit short and again and again untill the trend/price establish
  • #7,904
  • Oct 28, 2009 7:52pm Oct 28, 2009 7:52pm
Quoting ben10
nope it will be 5 trades short and 5 trades long, now price in the middle set the same set up but the size 5 now equal 1.

so limit long 5 + 5+ 5 +5 +5 so does the limit short and again and again untill the trend/price establish
Do you have to be at your screen to do these trades, to work out the avg position and set stops?
  • #7,905
  • Oct 28, 2009 7:53pm Oct 28, 2009 7:53pm
Quoting WestAus
Oh i forgot you have an average stop loss for all the positions once filled right?
stop function to be use only to protect the profit/s
  • #7,906
  • Oct 28, 2009 7:56pm Oct 28, 2009 7:56pm
Quoting WestAus
Do you have to be at your screen to do these trades, to work out the avg position and set stops?
no , depend upon the time frame you are willing to play , remember the exposure/margin to support the size

yearly range for aussie say 5000 pips from top to bottom!
  • #7,907
  • Oct 28, 2009 7:57pm Oct 28, 2009 7:57pm
Quoting puks
Are you with GO markets or with MT4 that allows hedging the same currency pair?

For records, I have closed my CMC account with a profit (to CMC markets) of 5K.

Now I aim to make it a loss (for GoMarkets) using hedging theory.
GO Trader 4 MT4 platform and also IG Markets both allow hedging
  • #7,908
  • Oct 28, 2009 7:58pm Oct 28, 2009 7:58pm
Quoting pounce
Hit .895 and if GDP tonight sucks, hello .8648
thats what im anticipating just in case
  • #7,909
  • Oct 28, 2009 8:02pm Oct 28, 2009 8:02pm
Quoting dazers
both longs and shorts all over the place, with no stop losses set the margins are offseting.

started off as hedging losing positions, now not sure whats the positions and whats the hedge?

I try to pick tops and bottoms, reversals. Close out the winning position and let the loosing position shrink.

Its not working very well so far though...
Can you tell me what the point of hedging a losing position is by taking an opposite trade in the same pair?

You are just locking in losses and adding extra expense. Once you do this you are flat less 2 extra spreads, it is not a HEDGE. It's denial!!!!
  • #7,910
  • Oct 28, 2009 8:05pm Oct 28, 2009 8:05pm
Quoting dazers
Thanks for the advice Ben10, I reckon its going to help!

I may make a profit out of the mess I'm in yet
my english so screw up but honestly im willing to discuss in detail and to learn where the weakness is(this theory) so i can improve it.

so far the starting point to deploy this strategy is through compression of multiple moving average for scalping, cos im short term trader wannabe.

long term play is not for me at the moment becouse my personality cant cope with it as i dont have partience yet but im working on it
  • #7,911
  • Oct 28, 2009 8:08pm Oct 28, 2009 8:08pm
Quoting Trembling
Can you tell me what the point of hedging a losing position is by taking an opposite trade in the same pair?

You are just locking in losses and adding extra expense. Once you do this you are flat less 2 extra spreads, it is not a HEDGE. It's denial!!!!
It is a hedge unless you're scalping for less pips than your spread.

If you went long at .9200 and market moves against you, you establish a short position of the same lot size at .9150, then if market keeps going down to .9100, you add another short postion and this time you may want to consider closing your losing long postiion. so when the market moves to .8975, you're breakeven. There you can close one winning short position and keep the last one open for a potential profit of xx pips.

When you get signals in your chart for reversals, that's where you close out your winnign position and take a trade in the long direction.

Hedging can give you two-fold returns if done correctly. "Time of Exit" is the key to make money using hedging while keeping your losses at the same level.

BEN - Can you please confirm/modify above logic?
  • #7,912
  • Oct 28, 2009 8:11pm Oct 28, 2009 8:11pm
Quoting Trembling
Can you tell me what the point of hedging a losing position is by taking an opposite trade in the same pair?

You are just locking in losses and adding extra expense. Once you do this you are flat less 2 extra spreads, it is not a HEDGE. It's denial!!!!
what the price now ? 8975? demoing it please! limit long above 8975 every pip up to 9300 and limit short below 8975 every pip down to 8600.

no kidding... every pip and see what happen next week , what your account balance and nett asset value gonnabe?
  • #7,913
  • Oct 28, 2009 8:16pm Oct 28, 2009 8:16pm
Quoting puks
If you went long at .9200 and market moves against you, you establish a short position of the same lot size at .9150, then if market keeps going down to .9100, you add another short postion and this time you may want to consider closing your losing long postiion. so when the market moves to .8975, you're breakeven. There you can close one winning short position and keep the last one open for a potential profit of xx pips.
Thats just Nonsense.

You are flat not hedged. You are better closing the position then taking a new trade the next time you get a entry signal.

the post from dazer is a perfect example of not taking you loss and moving on to the next trade,

Quote
both longs and shorts all over the place, with no stop losses set the margins are offseting.

started off as hedging losing positions, now not sure whats the positions and whats the hedge?
  • #7,914
  • Oct 28, 2009 8:17pm Oct 28, 2009 8:17pm
Quoting puks
It is a hedge unless you're scalping for less pips than your spread.

If you went long at .9200 and market moves against you, you establish a short position of the same lot size at .9150, then if market keeps going down to .9100, you add another short postion and this time you may want to consider closing your losing long postiion. so when the market moves to .8975, you're breakeven. There you can close one winning short position and keep the last one open for a potential profit of xx pips.

When you get signals in your chart for reversals, that's...
almost you dont close it you just put the stop(protect the gain) while you riding and adding to the winner as you are winning trades now is x2 and the losing one is x1. and when the market hit your stop you still have same value that is 1 short and 1 long but the profit alredy taken and adding to your account balance
  • #7,915
  • Oct 28, 2009 8:18pm Oct 28, 2009 8:18pm
Quoting ben10
what the price now ? 8975? demoing it please! limit long above 8975 every pip up to 9300 and limit short below 8975 every pip down to 8600.

no kidding... every pip and see what happen next week , what your account balance and nett asset value gonnabe?
Sorry mate, I cannot understand what you are trying to say here.

Can you explain again.
  • #7,916
  • Oct 28, 2009 8:19pm Oct 28, 2009 8:19pm
ok guys got to go to work, Ciao!
  • #7,917
  • Oct 28, 2009 8:22pm Oct 28, 2009 8:22pm
Quoting Trembling
Can you tell me what the point of hedging a losing position is by taking an opposite trade in the same pair?

You are just locking in losses and adding extra expense. Once you do this you are flat less 2 extra spreads, it is not a HEDGE. It's denial!!!!
Man don't even bother. Wasting your breath.
  • #7,918
  • Oct 28, 2009 8:25pm Oct 28, 2009 8:25pm
Quoting sinner-
Man don't even bother. Wasting your breath.


Yep I'm guessing you are right.
  • #7,919
  • Oct 28, 2009 8:55pm Oct 28, 2009 8:55pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
some interesting discussion ...
  • #7,920
  • Oct 28, 2009 9:26pm Oct 28, 2009 9:26pm
Hi all,

Newbie here, there's something that i have hard time to understand, hope u guys can enlighten me.

As AUD/USD is going South, other currency pair like USD/JPY should go North right?

How come when i chk across most major pair, all going down?

thanks.
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