EURUSD | Page 8648 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #172,941
  • Dec 16, 2009 6:08pm Dec 16, 2009 6:08pm
Usually fomc news caused big retracements for dollar , but not today .
Combined with a nice breakout of the monthly trendline , we might be looking for an extended euro downmove .
Todays failure of euro bulls to break above 1.46 is very significant .

the next few months I see continuation of a dollar strength , and euro weakness , 1.43xx, 141xx and finally 1.37xx levels should be seen next year.

Euro is in overbought position this whole year , and is comeing undone right
now .

There is no way we will see 1.47 this year , forget about it , bears rule right now.
  • #172,942
  • Dec 16, 2009 6:10pm Dec 16, 2009 6:10pm
Quoting 2+2=4ex
If you know when to get out of hedged trades because of support or resistances, then why not just trade without hedging and get out at the same supports resistances?
For example, I'm 15 mini lots long at different prices from April till now. 2 of those trades are in the negative, but in order to not tie up time or margin, I'm hedging intraday against what I call the long term trend., and still able to gain some pips. I won't consider the trend dead unless next week we close under this current weekly bar. Then I will close all trades. positive and neg .
All that is left in FF is just plain garbage. "Cloggie"
  • #172,943
  • Dec 16, 2009 6:11pm Dec 16, 2009 6:11pm
Hello Everybody,

I need your advice, specially from the older ones(trading age)...
Can we call a possible H&S formation in the H1?? neck being 1.45?

I appreciate your views.

Thank you.
  • #172,944
  • Edited 6:25pm Dec 16, 2009 6:13pm | Edited 6:25pm
Quoting 2+2=4ex
I'm not going to tell you I consulted a wise man in Tibet who is worth $1.2B, but I have been succesful doing it this way.
OK, well, I can insure you, that ones I place SELL or BUY no matter what

pair start moving in different direction (by chart, MACD, RSI, whatever)

and when it hit Stop Loss, - it

returns and hit TP, which is not there already., happens all the time

I cannot use Stop Loss, so far at least.. Same goes when I TP

Ones I sell Stock or Currency pair it will continue to go way beyond

all my imaginations... Now I'm seriously thinking about try to do everything

against the "Logic" Reading the charts, make sure

every possible Indicator says SELL, then go Hit

"Buy" button and Vise Versa.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #172,945
  • Dec 16, 2009 6:21pm Dec 16, 2009 6:21pm
Quoting tonyo524
For example, I'm 15 mini lots long at different prices from April till now. 2 of those trades are in the negative, but in order to not tie up time or margin, I'm hedging intraday against what I call the long term trend., and still able to gain some pips. I won't consider the trend dead unless next week we close under this current weekly bar. Then I will close all trades. positive and neg .
In the time you spend waiting for the losing trade to "come around", you could have executed many trades with the freed up equity. Time is the opportunity cost factor. If you want to keep hedging because it makes you sleep better than go ahead, but it isn't a more profitable method in the end. If you trade long enough, someday you will realize this.
  • #172,946
  • Dec 16, 2009 6:23pm Dec 16, 2009 6:23pm
Quoting 2+2=4ex
In the time you spend waiting for the losing trade to "come around", you could have executed many trades with the freed up equity. Time is the opportunity cost factor. If you want to keep hedging because it makes you sleep better than go ahead, but it isn't a more profitable method in the end. If you trade long enough, someday you will realize this.
Beyond that, how dare you tell me what works and what will not work. Fact is, it didn't work for you! That's it! I'm doing just fine!http://cdn.forexfactory.com/images/icons/icon7.gif
All that is left in FF is just plain garbage. "Cloggie"
  • #172,947
  • Dec 16, 2009 6:25pm Dec 16, 2009 6:25pm
Quoting SkyzerFX
OK, well, I can insure you, that ones I place SELL or BUY no matter what

pair start moving in different direction
Then you are doing something wrong or trading at bad times. My experiences show that trading with proper parameters (on the chart) and proper money management IS profitable.

The math proves hedging is less profitable through time and resource consumption.
  • #172,948
  • Dec 16, 2009 6:27pm Dec 16, 2009 6:27pm
Quoting tonyo524
Beyond that, how dare you tell me what works and what will not work. Fact is, it didn't work for you! That's it! I'm doing just fine!http://cdn.forexfactory.com/images/icons/icon7.gif
I never said it didn't work for me, just made me much less that's all.

But you're right. I will no longer suggest or recommend ways to improve someone elses trading. Good luck.
  • #172,949
  • Dec 16, 2009 6:28pm Dec 16, 2009 6:28pm
Rednose , the second shoulder is lower than the first one , this is a false signal .
  • #172,950
  • Dec 16, 2009 6:29pm Dec 16, 2009 6:29pm
Quoting 2+2=4ex
My experiences show that trading with proper parameters (on the chart) and proper money management IS profitable.
The math proves hedging is less profitable through time and resource consumption.
Ok, thanks
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #172,951
  • Dec 16, 2009 6:29pm Dec 16, 2009 6:29pm
Quoting 2+2=4ex
Then you are doing something wrong or trading at bad times. My experiences show that trading with proper parameters (on the chart) and proper money management IS profitable.

The math proves hedging is less profitable through time and resource consumption.
Where do you think the term hedge fund comes from? Originally and presently money managers and brokers would hedge their bets on one medium with another.
All that is left in FF is just plain garbage. "Cloggie"
  • #172,952
  • Dec 16, 2009 6:30pm Dec 16, 2009 6:30pm
Quoting SkyzerFX
Ok, thanks
You're welcome.
  • #172,953
  • Dec 16, 2009 6:33pm Dec 16, 2009 6:33pm
Quoting tonyo524
Where do you think the term hedge fund comes from? Originally and presently money managers and brokers would hedge their bets on one medium with another.
They hedge with other pairs, commodities, etc. This is also known as diversifying.

I'm talking about within the same pair. What is the purpose of hedging within the same pair? For that you trade a smaller position in one direction (and pay less commision).
  • #172,954
  • Dec 16, 2009 6:37pm Dec 16, 2009 6:37pm
Long at 4526 lets see feds are not doing sh....t with rates till mid next year minimum
  • #172,955
  • Dec 16, 2009 6:38pm Dec 16, 2009 6:38pm
Quoting kingfisher
I am a regular reader of your trading journal and i like your trading method.

If i am correct, you take one long and one short position at the same price?

I have been researching this method and backtesting it with last one year data and found out hedging gives solid positive returns.
welcome to the club
  • #172,956
  • Dec 16, 2009 6:38pm Dec 16, 2009 6:38pm
Quoting 2+2=4ex
They hedge with other pairs, commodities, etc. This is also known as diversifying.

I'm talking about within the same pair. What is the purpose of hedging within the same pair? For that you trade a smaller position in one direction (and pay less commision).
2 trades. But enough of this, were clogging up the thread!
All that is left in FF is just plain garbage. "Cloggie"
  • #172,957
  • Dec 16, 2009 6:38pm Dec 16, 2009 6:38pm
Quoting czango
Rednose , the second shoulder is lower than the first one , this is a false signal .
Thank you !
  • #172,958
  • Dec 16, 2009 6:40pm Dec 16, 2009 6:40pm
some people swear by hedging , and i dont blame them , but you really have to be experienced to know how to use it , for me its of no significance , because i do my trades according to short timeframes .

The first sign the trend is changing is very easy to see on 1 minute chart , than you continue until 5 min chart trend breaks , an so on with longer TFs.

I like to have all TF charts open for the currency i trade .

And I keep my SLs very short.
  • #172,959
  • Dec 16, 2009 6:42pm Dec 16, 2009 6:42pm
with my experience hedging is more and more better than stop lose,bec. how many times u get stopped then market went in ur direction ,ask ur self...but, u have to know when to use hedging ...if u calculate it good,then u will make money ... and less lose..
with regards .
  • #172,960
  • Dec 16, 2009 6:44pm Dec 16, 2009 6:44pm
Quoting tonyo524
2 trades. But enough of this, were clogging up the thread!
I'm not debating you or trying to change your style, I'm just trying to point out some things. If you are hedging to avoid a margin call then you are practicing poor money management. A trade which results in a loss (as per set stop loss), should not exceed more than 5% of your liquid account balance.
308 traders viewing now