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trading801's Koala Forex Articles and EUR/USD views

  • #4,121
  • Dec 10, 2009 8:08pm Dec 10, 2009 8:08pm
Quoting trading801
why do u like to hedge ?
I don't do this always, but sometimes is very useful
  • #4,122
  • Dec 10, 2009 8:44pm Dec 10, 2009 8:44pm
btw do you know there is another pair that is almost always inversely correlated to the e/u and folkd sometimes use it as a "hedge"
  • #4,123
  • Dec 10, 2009 8:54pm Dec 10, 2009 8:54pm
Quoting trading801
btw do you know there is another pair that is almost always inversely correlated to the e/u and folkd sometimes use it as a "hedge"
USD/CHF

Read D55's posts.
Not all sins are created equal
  • #4,124
  • Dec 10, 2009 8:56pm Dec 10, 2009 8:56pm
Quoting Jay Walker
USD/CHF

Read D55's posts.

yeah .. so i was wondering if this will help forex4pty .. he wants to hedge so much ! lol the risky koala
  • #4,125
  • Dec 10, 2009 9:02pm Dec 10, 2009 9:02pm
Quoting trading801
yeah .. so i was wondering if this will help forex4pty .. he wants to hedge so much ! lol the risky koala
Forex4pty, are you f@#king insane? (there's a bit of tough love for you)

Edging is like coming and going at the same time. You can do it but you end up nowhere.

Well, in this gig, you end up in the poorhouse.
Not all sins are created equal
  • #4,126
  • Dec 10, 2009 9:07pm Dec 10, 2009 9:07pm
forex4pty, hedging is not koalacool
  • #4,127
  • Dec 10, 2009 11:01pm Dec 10, 2009 11:01pm
Quoting trading801
yeah .. so i was wondering if this will help forex4pty .. he wants to hedge so much ! lol the risky koala
yep im using it
  • #4,128
  • Dec 10, 2009 11:06pm Dec 10, 2009 11:06pm
Quoting Jay Walker
Forex4pty, are you f@#king insane? (there's a bit of tough love for you)

Edging is like coming and going at the same time. You can do it but you end up nowhere.

Well, in this gig, you end up in the poorhouse.
No, let me explain how I used it, you can tell me if this is wrong or not, you are the experienced ones here....

I don't used it let say at 20 pips loss, or at certain amount, I don't used it at all, I know is a no where thing, but now that I can't open shorts and longs at the same pair, and I am changing to medium term trading (daily / weekly) there are retracements that I want to profit let say 20 pips from it when my position is green, or red if it is the case. but is not to hedge all the way to the SL, only for certain amount of pips to profit meanwhile the other position is running.
  • #4,129
  • Dec 10, 2009 11:09pm Dec 10, 2009 11:09pm
Quoting trading801
forex4pty, hedging is not koalacool
don't know if I'm hedging my explanation is on my previous post, the reply to Jay
  • #4,130
  • Dec 10, 2009 11:28pm Dec 10, 2009 11:28pm
Quoting Forex4pty
No, let me explain how I used it, you can tell me if this is wrong or not, you are the experienced ones here....

I don't used it let say at 20 pips loss, or at certain amount, I don't used it at all, I know is a no where thing, but now that I can't open shorts and longs at the same pair, and I am changing to medium term trading (daily / weekly) there are retracements that I want to profit let say 20 pips from it when my position is green, or red if it is the case....
I wish you well with this. I really do. But be very careful.
Not all sins are created equal
  • #4,131
  • Dec 11, 2009 12:33am Dec 11, 2009 12:33am
Quoting Jay Walker
I wish you well with this. I really do. But be very careful.
Ok, will try to avoid it.
  • #4,132
  • Dec 11, 2009 12:35am Dec 11, 2009 12:35am
insights from forexlive

EUR/USD effectively unchanged overnight
Written by Gerry Davies
December 11, 2009 at 06:13 GMT

EUR/USD sits at 1.4735, effectively unchanged from where we closed out Thursday in North America with Asian trade being confined to an uninspired narrow range.

Asian stocks generally did well, with Chinese November industrial production rising 19.2% y/y vs median forecast of +18.2%, and these factors will have lent EUR/USD some underpinning. Another thing supporting the pairing is the little fact everytime we get below 1.4700 we don’t have to wait long for decent Asian sovereign buy interest to emerge.

European stocks look likely to open flatish and we’ve no major euro zone economic data releases, so things don’t look overly promising if you’re looking for a lot of volatility this morning unless we get a surprise.

Technical supports 1.4710, 1.4670 and 1.4620/30, resistances 1.4740/50 and 1.4780.
  • #4,133
  • Dec 11, 2009 12:36am Dec 11, 2009 12:36am
I hope that what you explain is that you bought for instance on a 1H chart with a long trend.

Than, in a small retrace, you take a short for some pips based on 1M TF for example, but keep the long on the 1H.

That I would not call hedging, you just trade two different TFs (methods) at the same time.

I do that very frequently but on two different accounts, trading Bemac's ICCE on 1H or 4H and scalping THV.

Quoting Forex4pty
No, let me explain how I used it, you can tell me if this is wrong or not, you are the experienced ones here....

I don't used it let say at 20 pips loss, or at certain amount, I don't used it at all, I know is a no where thing, but now that I can't open shorts and longs at the same pair, and I am changing to medium term trading (daily / weekly) there are retracements that I want to profit let say 20 pips from it when my position is green, or red if it is the case....
  • #4,134
  • Dec 11, 2009 12:42am Dec 11, 2009 12:42am
Quoting cobraforex
I hope that what you explain is that you bought for instance on a 1H chart with a long trend.

Than, in a small retrace, you take a short for some pips based on 1M TF for example, but keep the long on the 1H.

That I would call hedging, you just trade two different TFs (methods) at the same time.
Yes, that's what he meant.

It can be profitable if used correctly.

If Forex was a medical school, this would be the equivalent of dissecting a human body. Because it's elaborate and you lose your lunch if you can't stomach it. It's something you don't get to do until your third year.
Not all sins are created equal
  • #4,135
  • Dec 11, 2009 12:46am Dec 11, 2009 12:46am
Thanks Jay

I want to add that I use different MM on those accounts, sometimes I make more money on a five pip scalp trade than on a 1H 50 pips daytrade.

Each method has it's own MM.

Quoting Jay Walker
Yes, that's what he meant.

It can be profitable if used correctly.
  • #4,136
  • Dec 11, 2009 12:47am Dec 11, 2009 12:47am
and The Koala System is the welcome lesson.

"Today we talk about what is the difference between a cell and a dna."
  • #4,137
  • Dec 11, 2009 12:50am Dec 11, 2009 12:50am
.....

Quoting trading801
and The Koala System is the welcome lesson.

"Today we talk about what is the difference between a cell and a dna."
  • #4,138
  • Dec 11, 2009 1:19am Dec 11, 2009 1:19am
xmas came early for the chinese !!!

Dec. 11 (Bloomberg) -- Asia stocks climbed after Chinese industrial production rose more than economists forecast and U.S. jobless claims fell to a one-year low. The yen and credit- default swaps for bonds in Asia fell.
  • #4,139
  • Dec 11, 2009 1:30am Dec 11, 2009 1:30am
Quoting trading801
xmas came early
Inserted Video
Not all sins are created equal
  • #4,140
  • Dec 11, 2009 3:02am Dec 11, 2009 3:02am
Good Mrning Koalas friends ...
If I'm not wrong ... hedging is when you buy and sell a cross in the same time so it's playing with rates (& with swaps). This is great when you want to protect an international transaction of change in a commercial business. In trading I don't see the interest.
Always if I'm not wrong for Forex4pty, as he explains it, he's trying to trade the same cross with one long and one short with different time frame and I suppose with different money management ... As Cobra and Jay say it, it works but you need to be experienced ... For me (sorry for my english) this system is ok but not the reason why. I mean forex4pty is learning and young in trading as he said and for him the only goal to have is to make it simple and keep it simple. I don't like give advice because we are all different and a good advice for me could be a bad advice for you but if I was at your place I will try to trade as you do with mini lot ( and one trade by one trade because if you're using "x" mini lots in the same time it's like using one normal lot cut in "x" ) and in a simple way with just one pair ... until the day that you can say your trading is "under control" technically and emotionally except if you don't care to burned some accounts but I admit that burning some accounts is the normal way of learning trading ... Just my 2 cents
"I will walk before they make me run" K.Richards
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