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AUD/USD

  • #20,561
  • Mar 30, 2010 9:13pm Mar 30, 2010 9:13pm
Quoting Ineedpips9
yea i did but i'm the only one thats posted over there in almost three days.
hi indeedpips,

i just open a long position @1.4630...
Success consists of going from failure to failure without loss of enthusiam
  • #20,562
  • Mar 30, 2010 9:17pm Mar 30, 2010 9:17pm
Quoting dongsky
hi indeedpips,

i just open a long position @1.4630...
wow. i shorted at 4631 thinking its gonna retrace back to where it was before the news and continue its slow pace down.
  • #20,563
  • Mar 30, 2010 9:20pm Mar 30, 2010 9:20pm
Quoting Ineedpips9
wow. i shorted at 4631 thinking its gonna retrace back to where it was before the news and continue its slow pace down.
i can see an upward force may the force be with us hehehehe but for now, i'm shakin the money tree
Success consists of going from failure to failure without loss of enthusiam
  • #20,564
  • Mar 30, 2010 9:22pm Mar 30, 2010 9:22pm
Quoting Ineedpips9
wow. i shorted at 4631 thinking its gonna retrace back to where it was before the news and continue its slow pace down.
hold on to your sit, here she comes hehehehehe
Success consists of going from failure to failure without loss of enthusiam
  • #20,565
  • Mar 30, 2010 9:23pm Mar 30, 2010 9:23pm
Quoting OvT
good stuff! but what if the news sent it north instead? haha

yep man i shorted last night when the first sign of shorting came, but it didn't last and was hanging around 9185 until this news came out

still hanging onto my short, waiting for 9146 to break
I would have been S.O.L!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,566
  • Mar 30, 2010 9:23pm Mar 30, 2010 9:23pm
Quoting MarcVUM
Long on A/U to 9207? Really?
yep actually hedged...some of my shorts didnt reach the [rofit yet so closed the ones with profit and opened longs now I will wait for a small correction on AUD up and close those small longs...then reopen a better short and keep the old ones.... same I did with GBP/JPY but I closed already the longs now im net short

I'm thinking actually will retrace to 136.07 so lets see
  • #20,567
  • Mar 30, 2010 9:27pm Mar 30, 2010 9:27pm
Quoting kourtney
yep actually hedged...some of my shorts didnt reach the [rofit yet so closed the ones with profit and opened longs now I will wait for a small correction on AUD up and close those small longs...then reopen a better short and keep the old ones.... same I did with GBP/JPY but I closed already the longs now im net short

I'm thinking actually will retrace to 136.07 so lets see
Hi kourtney, what's the logic behind your hedging? I mean based on what do you decide to hedge or un-hedge?
  • #20,568
  • Mar 30, 2010 9:28pm Mar 30, 2010 9:28pm
starting to wish i hadn't forgotten about the economic news reports. It's getting pretty late here in the states and I need a nap. good thing none of my trades were still open.So how long you guys think the aussie pairs will be headed south?
  • #20,569
  • Mar 30, 2010 9:32pm Mar 30, 2010 9:32pm
Quoting Ineedpips9
starting to wish i hadn't forgotten about the economic news reports. It's getting pretty late here in the states and I need a nap. good thing none of my trades were still open.So how long you guys think the aussie pairs will be headed south?
i can see a strong resistance @ 9080ish
Success consists of going from failure to failure without loss of enthusiam
  • #20,570
  • Mar 30, 2010 9:33pm Mar 30, 2010 9:33pm
can anybody enlighten me about hedging? i just wanna know what it is and how you can apply it in forex. sorry for my ignorance on this field any help will be much appreciated
Success consists of going from failure to failure without loss of enthusiam
  • #20,571
  • Mar 30, 2010 9:35pm Mar 30, 2010 9:35pm
Quoting shahab8b
Hi kourtney, what's the logic behind your hedging? I mean based on what do you decide to hedge or un-hedge?

well to be h9nest not to much logic here...just want to take both rides... I see the AUD making a small correction but still the general trend in my Opinion is south...so as much as I can grab on the way up and then close longs to leave shorts do the job...

and with GBP/JPY I see a resistance reached in my channel and usually this currency moves 200 to 400 pips in matter of 2 days so will hold shorts
  • #20,572
  • Mar 30, 2010 9:40pm Mar 30, 2010 9:40pm
Quoting dongsky
can anybody enlighten me about hedging? i just wanna know what it is and how you can apply it in forex. sorry for my ignorance on this field any help will be much appreciated

hedging in fx is when u buy and seel in same currency at same time ...BUT not all brokers accept this type of orders.... I trade with FXCM UK and we can hedge...

now why would u hedge for example you know you weel see a long term trend in one direction so you place positions in that trend...and u expect a short termn trend in same currency in opposite direction well u place the opposite position...you take your profit and let the originals keep running...usually I do this when the currency pays rollover.

Be careful some times hedg can take a while to get out of so f you want to try this and you are new use a demo account and practice...is matter of be very precise on the supports and resistance of your strategy...

regards
  • #20,573
  • Mar 30, 2010 9:42pm Mar 30, 2010 9:42pm
forex hedging a position, (same pair) ends the trade. No different than being stopped out or exiting on your own. If you're hedged you're out of the market.
one minus one = zero (1 - 1 = 0)
They call me "Hondo"
  • #20,574
  • Mar 30, 2010 9:46pm Mar 30, 2010 9:46pm
Quoting eventtrading
forex hedging a position, (same pair) ends the trade. No different than being stopped out or exiting on your own. If you're hedged you're out of the market.
one minus one = zero (1 - 1 = 0)
then you are not hedging...you are closing your position in a round traded lot....

hedge is possible but not everybody allows it
  • #20,575
  • Mar 30, 2010 9:53pm Mar 30, 2010 9:53pm
Quoting kourtney
well to be h9nest not to much logic here...just want to take both rides... I see the AUD making a small correction but still the general trend in my Opinion is south...so as much as I can grab on the way up and then close longs to leave shorts do the job...

and with GBP/JPY I see a resistance reached in my channel and usually this currency moves 200 to 400 pips in matter of 2 days so will hold shorts
I read your posts before and I know you've been trading long enogh to know what you are doing, but single-pair hedging needs some logic, for instance you need to look for turns to un-hedge, use some indicators or S/L level. the issue with hedging is you need to be in front of your computer 24h , I'm thinking of developing a complex EA to run that for me.
on a separate note; be careful with your short G/J, U/J is developing a possible inverse H&Sh pattern, I explained that in my thread "Weekly COT analysis".
anyways G/L with you tardes
  • #20,576
  • Mar 30, 2010 9:55pm Mar 30, 2010 9:55pm
Quoting kourtney
hedging in fx is when u buy and seel in same currency at same time ...BUT not all brokers accept this type of orders.... I trade with FXCM UK and we can hedge...

now why would u hedge for example you know you weel see a long term trend in one direction so you place positions in that trend...and u expect a short termn trend in same currency in opposite direction well u place the opposite position...you take your profit and let the originals keep running...usually I do this when the currency pays rollover.

Be careful some times hedg can take...
thanks, i got the idea but i think it's not a strategy for me, i normally rescues my loosing position from temporary drawdowns but never catch 2 bus at the same spot in my opinion and experience, it's like a rubberband effect, as long as you have enough capital to do so and so confident on your analysis, snowballing is approriate most of the time, meaning to add position when it shows exasperation and due for snapping back (rubberband effect).

thank you very much, now i understand what situation you're into tricky but worth to see, i'm all eyes on your trade
Success consists of going from failure to failure without loss of enthusiam
  • #20,577
  • Mar 30, 2010 9:58pm Mar 30, 2010 9:58pm
Quoting eventtrading
forex hedging a position, (same pair) ends the trade. No different than being stopped out or exiting on your own. If you're hedged you're out of the market.
one minus one = zero (1 - 1 = 0)
its not like that, if you hedged long enough you would know that. you can switch between longs and shorts on turns, some times you can run 2 longs + one short and visa versa , the issue is after a while everythings seem so messed up without a plan. but it works if you do it right.
  • #20,578
  • Mar 30, 2010 10:03pm Mar 30, 2010 10:03pm
Kourtney,

It doesn't matter if you hedge in one account, if you hedge in 2 accounts with the same broker, if you hedge in 2 accounts with 2 brokers, if you hedge a 5 minute interval vs a weekly interval - the result is the same - always. If you are long and short at the same time, you are no longer in the market. When you hit the hedge button, your original trade is over, finished, kaput.
In order to make money trading you must choose a direction, long or short. It cannot be both. We need to trade the market, not game the market.
They call me "Hondo"
  • #20,579
  • Mar 30, 2010 10:08pm Mar 30, 2010 10:08pm
Not a hedge. You're long 1. You've chosen a direction. Good for you!
They call me "Hondo"
  • #20,580
  • Mar 30, 2010 10:14pm Mar 30, 2010 10:14pm
Quoting eventtrading
If you are long and short at the same time, you are no longer in the market. When you hit the hedge button, your original trade is over, finished, kaput.
In order to make money trading you must choose a direction, long or short.
Currency pairs constantly go up AND down; I wouldn't say you're out of the market when you hedge... in theory you are if you plan on closing both positions at the same time, but I've actually made pips both ways in the same pair while hedging several times... you just have to close one side several hours or days later... it can actually be a pretty good strategy if used successfully... believe me, I've read many articles lambasting it but I still see the benefit, especially if you're trading multiple time frames.
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