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  • #172,961
  • Dec 16, 2009 6:55pm Dec 16, 2009 6:55pm
well , my mind is probably what you can call one side mind , I like to be very simplistic in my approach , so I choose the direction , and I stick to It until it breaks out on me , then I close all and look again .

For me its better to lose small at the beginning of probably big lose , then to hold a trade for hours , with heart beating .

If i Enter the trade , and it goes against me fast I will exit as fast as possible .

I watch all Timeframes , and when most of them agree I enter the trade .

Also helpful in trading EU , are charts of DJ , OIL , gold and GBP.
  • #172,962
  • Dec 16, 2009 6:55pm Dec 16, 2009 6:55pm
Quoting tahshoon
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 .
I made money in hedging. I make more now by not hedging due to less drawdown times and less commisions, although the latter is negligible. If you find that your stop loss always gets hit, then I suggest stop trading real money and practice using a demo account. Hedging won't save you from this over the stretch of time.

And if you're the cynical type that believes your broker is out to get you, then don't set your stoploss. Watch the trade and close it out manually when it gets there. Then ask yourself, did that change the outcome? Remember, it is easier to sit back and be cynical than to practice becoming a better trader. I can assure you that with experience and good money management you can profit more.
  • #172,963
  • Dec 16, 2009 7:07pm Dec 16, 2009 7:07pm
No I don't use the same currency. I use two seperate currencies. As to the hedging style I do use, it has plenty of advantages for me....the only time it does not is when I get greedy and don't follow my own rules, but that applies to any trading style you use.

I don't pair my trades. I only hedge to reduce risk to less than 1% per position.

I understand what you are saying about the $42. I am swing trading that account.

Just so you know what advantages you have in hedging...I will show you my initial $500 before I decided to break my hedges and throw my account in a spiral....that was not due to my hedging method, it was due to me being greedy and trying to guess which direction the market was actually heading. I will attach my old live account which I was doing very well with until I got greedy and well....cocky, I admit it...

Now, tell me that you can accomplish the same level of consistency with Swing.....the answer is no. I understand you can grow a swing or trend account very quickly, but I am looking for consistency more than I am for rapid gains...as they say, easy come easy go. I proved it to myself the past 2 months, after solid gains, I decided to "try" new things and take bigger lots and determine the price direction.....and I ended up losing...so now I'm back to hedging and I have already goofed by once again becoming greedy, but its still repairable....

My $42 will grow, I have no doubt...only time will tell. I'm attaching my old live account to show you what was accomplished with straight clean hedging following my own proprietary strategies...

In the attachement, look at the stats at the bottom....see how many winning trades versus losing? See how much drawdown I had? Look at the open trades....

The only thing dangerous trading this way is you get cocky and think you're invincible after a while and you get greedy and start breaking rules....so my problem isn't my trading method, its my trade psychology....still trying to master that....










Quoting 2+2=4ex
Do you have hedged positions open within the same currency and same broker? I know for some people it helps them deal with their losing positions better by doing this, but you aren't doing yourself any favors, especially if you are incurring swap charges. If you took each open buy order and canceled it out with an open sell order (paired), your equity balance (unrealized) would be the same. So ask yourself, what advantage do you have in having so many simultaneous open hedged positions? Answer: None.

I have found that success in this comes from...
Attached File(s)
File Type: pdf 12-16-2009 7-05-01 PM.pdf   177 KB | 339 downloads
In Charts We Trust!
  • #172,964
  • Dec 16, 2009 7:09pm Dec 16, 2009 7:09pm
Quoting czango
well , my mind is probably what you can call one side mind , I like to be very simplistic in my approach , so I choose the direction , and I stick to It until it breaks out on me , then I close all and look again .

For me its better to lose small at the beginning of probably big lose , then to hold a trade for hours , with heart beating .

If i Enter the trade , and it goes against me fast I will exit as fast as possible .

I watch all Timeframes , and when most of them agree I enter the trade .

Also helpful in trading EU , are charts...
The same goes for a trade that hits your take profit. You make your trade, let it finish (either way), then move on to the next. Hedging only complicates things and keeps you in some trades longer than you should be.
  • #172,965
  • Dec 16, 2009 7:10pm Dec 16, 2009 7:10pm
well , I tried hedging , but it really didnt improve my trading .
In fact i think it is quite useless , because instead of looking for one direction of the market , you are looking at both of them at once.
  • #172,966
  • Dec 16, 2009 7:11pm Dec 16, 2009 7:11pm
Useless because you have no idea what you're doing.....don't knock something until you truly understand a concept...

http://www.forexfactory.com/showpost...stcount=172976



Quoting czango
well , I tried hedging , but it really didnt improve my trading .
In fact i think it is quite useless , because instead of looking for one direction of the market , you are looking at both of them at once.
In Charts We Trust!
  • #172,967
  • Dec 16, 2009 7:22pm Dec 16, 2009 7:22pm
Everybody is different , and today I have + 10 % on my account , and I didnt use hedging , I dont negate its value for some traders , but for me its just unnecessary distraction .

If you can use it with profitable results more power for you , I just dont need it and I am doing well , without it .

Later on , when I have more equity , I can see that hedging will be a valuable tool , when I have a longterm trade , and will be working all the timeframes around it .

peace
  • #172,968
  • Dec 16, 2009 7:26pm Dec 16, 2009 7:26pm
eur/usd now approaching 1.4509 again
  • #172,969
  • Dec 16, 2009 7:29pm Dec 16, 2009 7:29pm
sometimes this asians break the SR levels , gotta be careful
  • #172,970
  • Dec 16, 2009 7:31pm Dec 16, 2009 7:31pm
Good day folks.
Not all sins are created equal
  • #172,971
  • Dec 16, 2009 7:32pm Dec 16, 2009 7:32pm
Quoting czango
eur/usd now approaching 1.4509 again
Lots of support around this area, it has tested it several times over the last few days, and this area acted as support back on Oct 1st and 2nd (down to 1.4480 on my charts). EU is playing head games right now, do you buy her dinner first or gamble with the movie only?

Mike
  • #172,972
  • Dec 16, 2009 7:33pm Dec 16, 2009 7:33pm
can tokyo go below 1.4500 or not , this the question .
  • #172,973
  • Dec 16, 2009 7:34pm Dec 16, 2009 7:34pm
its getting closer
  • #172,974
  • Dec 16, 2009 7:36pm Dec 16, 2009 7:36pm
place your bets
  • #172,975
  • Dec 16, 2009 7:36pm Dec 16, 2009 7:36pm
Quoting X.Oden
Useless because you have no idea what you're doing.....don't knock something until you truly understand a concept...

http://www.forexfactory.com/showpost...stcount=172976
Last thing I will say on this for now because I have to go get food (I'm f*king starving!)...

I think czango said it best, "it is an unnecassary distraction". Aside from that it increases trade times and possible swap fees to the trader. However, if it is something that helps you with regards to discipline or peace of mind, then by all means do it!

Lastly, the NFA disallowed hedging for US brokers to protect traders. So think about that.
  • #172,976
  • Dec 16, 2009 7:38pm Dec 16, 2009 7:38pm
closer
  • #172,977
  • Dec 16, 2009 7:39pm Dec 16, 2009 7:39pm
Quoting 2+2=4ex
Last thing I will say on this for now because I have to go get food (I'm f*king starving!)...

I think czango said it best, "it is an unnecassary distraction". Aside from that it increases trade times and possible swap fees to the trader. However, if it is something that helps you with regards to discipline or peace of mind, then by all means do it!

Lastly, the NFA disallowed hedging for US brokers to protect traders. So think about that.
And the NFA really has our best interest in mind!
All that is left in FF is just plain garbage. "Cloggie"
  • #172,978
  • Dec 16, 2009 7:39pm Dec 16, 2009 7:39pm
1.4503
  • #172,979
  • Dec 16, 2009 7:40pm Dec 16, 2009 7:40pm
3 pips is all you need tokyo
  • #172,980
  • Dec 16, 2009 7:42pm Dec 16, 2009 7:42pm
tonyo what us did is something else , and it is not to protect "small traders "
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