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  • #170,801
  • Dec 10, 2009 12:55pm Dec 10, 2009 12:55pm
Gold trying to close above 1130 hmmm not good for dollar imo
  • #170,802
  • Dec 10, 2009 12:58pm Dec 10, 2009 12:58pm
Looking at this too 168767
  • #170,803
  • Dec 10, 2009 12:59pm Dec 10, 2009 12:59pm
gold doesn't like to stay below monthly pivot

Quoting vinesh2
Gold trying to close above 1130 hmmm not good for dollar imo
  • #170,804
  • Dec 10, 2009 1:04pm Dec 10, 2009 1:04pm
Quoting cloggie
It was a basic interpretation of a fxbook account, his trading history shows a 68% win ratio, his account is drawn down 65% not because of his trading style but carrying losing trades beyond a reasonable r/r ratio, so the percentage does hold up, just not in context with the r/r, not something I stated however.
I don't think you understand the relationship b/t SL and winning %. As I told you, if you shrink the SL the winning % goes down as he will be stopped out more often, that is the way it is. But I don't really care to argue about it, so not going to post on this subject any more.
  • #170,805
  • Dec 10, 2009 1:06pm Dec 10, 2009 1:06pm
Quoting harpersindex
why would you hedge? wouldn't you rather than get out? benefits?
I harpers* I use to open a position in the opposite direction instead of using SL.
Why? because the loss is in the worst case the same, but it "freeze" all my positions (if you have 1lot long and 1short your gain remain constant - swaps a part) and gives me time to reflect and think whether I can reinforce one position or the other, or whether close one or the other.
  • #170,806
  • Dec 10, 2009 1:10pm Dec 10, 2009 1:10pm
I agree with both methods. I use stops for my swing/trend account and use hedges for my hedge account with no stops.....

Both work for me...both make $$$....the hedge has a more consistent record but the trend makes a lot more short term....

Quoting Martingale
I harpers* I use to open a position in the opposite direction instead of using SL.
Why? because the loss is in the worst case the same, but it "freeze" all my positions (if you have 1lot long and 1short your gain remain constant - swaps a part) and gives me time to reflect and think whether I can reinforce one position or the other, or whether close one or the other.
In Charts We Trust!
  • #170,807
  • Dec 10, 2009 1:11pm Dec 10, 2009 1:11pm
Quoting X.Oden
I agree with both methods. I use stops for my swing/trend account and use hedges for my hedge account with no stops.....

Both work for me...both make $$$....the hedge has a more consistent record but the trend makes a lot more short term....
I totally agree. The problem with open hedged position is that you loose a lot of good opportunity whilst you are hooked up in an hedging.

Btw Oden, do you also diversify between different brokers?
  • #170,808
  • Dec 10, 2009 1:13pm Dec 10, 2009 1:13pm
Quoting vinesh2
Gold trying to close above 1130 hmmm not good for dollar imo
it would be nice.
4771 4754 4738 4722 4705 4685 4665 and 50%# respect would be real good.. we will a make a lot of coin
those who can, do. those who cant, talk about those who can
  • #170,809
  • Dec 10, 2009 1:17pm Dec 10, 2009 1:17pm
Quoting gatorinla
it would be nice.
4771 4754 4738 4722 4705 4685 4665 and 50%# respect would be real good.. we will a make a lot of coin
What about 1.4880? I Expected by tomorrow
  • #170,810
  • Dec 10, 2009 1:20pm Dec 10, 2009 1:20pm
4905 by the close (Friday).
  • #170,811
  • Dec 10, 2009 1:20pm Dec 10, 2009 1:20pm
that's where i feel the levels come in to play with price action. i know when to get in and out based on price movement around levels.

Quoting Martingale
I harpers* I use to open a position in the opposite direction instead of using SL.
Why? because the loss is in the worst case the same, but it "freeze" all my positions (if you have 1lot long and 1short your gain remain constant - swaps a part) and gives me time to reflect and think whether I can reinforce one position or the other, or whether close one or the other.
  • #170,812
  • Dec 10, 2009 1:20pm Dec 10, 2009 1:20pm
whatever works!
  • #170,813
  • Dec 10, 2009 1:22pm Dec 10, 2009 1:22pm
To be honest, I'm staying away from the euro for a while. It's stuck at daily support/double bottom and simply froze. I'll wait for it to make a move first.In the meanwhile I'm closely watching oil and gold. I'm long stocks and so far in profit there. Cheers and good luck to all.
  • #170,814
  • Dec 10, 2009 1:23pm Dec 10, 2009 1:23pm
i want to say that i cant see it not getting back into the upper trendline at 1.48xx but im not seeing anything or seeing any signs of anything thats going to give it a kick to get there either... i dont know how to play it at the moment. standing aside until something catches my eye
  • #170,815
  • Dec 10, 2009 1:23pm Dec 10, 2009 1:23pm
well, I'm back...

if someone wants to be so kind and tell the world, that USDCHF is in wave 3.
The best thing that can happen to you is to find out where you're wrong.
  • #170,816
  • Dec 10, 2009 1:25pm Dec 10, 2009 1:25pm
this drop is a sucker play. the bulls want to hang around with the bears for a bit an go back up to greener pastures. BUY.

Quoting jp09
i want to say that i cant see it not getting back into the upper trendline at 1.48xx but im not seeing anything or seeing any signs of anything thats going to give it a kick to get there either... i dont know how to play it at the moment. standing aside until something catches my eye
  • #170,817
  • Dec 10, 2009 1:30pm Dec 10, 2009 1:30pm
hello
can anyone tell me when exactly are this important china news coming?
thank you
  • #170,818
  • Dec 10, 2009 1:32pm Dec 10, 2009 1:32pm
Quoting egkid
What about 1.4880? I Expected by tomorrow
91 next in sequence but 81 is 50%% as well as 30 area were currently at
those who can, do. those who cant, talk about those who can
  • #170,819
  • Dec 10, 2009 1:35pm Dec 10, 2009 1:35pm
join the other over leveraged longs down this movement, biting nails...don't worry it'll go up

Quoting Masrim
To be honest, I'm staying away from the euro for a while. It's stuck at daily support/double bottom and simply froze. I'll wait for it to make a move first.In the meanwhile I'm closely watching oil and gold. I'm long stocks and so far in profit there. Cheers and good luck to all.
  • #170,820
  • Dec 10, 2009 1:54pm Dec 10, 2009 1:54pm
Well, I disagree about losing good opportunities. Why? Think about time versus growth of account. At first, a hedge may take up some time, however, because hedges are often consistent through the opportunity of allowing you to experience low drawdown and catching most every market move, the time factor is diminished by the compounding factor you achieve over time through consistent wins and low drawdown.

Ex. I know two great traders, one started with 600K, now has 1.2B hedging after 9 years. Another trader plays only 5M and 30M depending on what he's after....started with 5K a year ago, now has 1M with low drawdown trend trading. Trader A only manages to target 7200 pips annually, while trader B targets as much as he can with each trading session usually 2 or 3 times per week.

So, time really isn't affected whether you hedge or not. Its how well you handle money and risk management alongside consistency and growth.

I do hedge between brokers. I use 2 at the moment, but will be adding as my accounts grow.


Quoting Martingale
I totally agree. The problem with open hedged position is that you loose a lot of good opportunity whilst you are hooked up in an hedging.

Btw Oden, do you also diversify between different brokers?
In Charts We Trust!
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