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AUD/USD

  • #20,601
  • Mar 30, 2010 10:45pm Mar 30, 2010 10:45pm
for those impatients, you might be left behind when the ball starts rolling again

patience is a virtue!

have an open mind, loose your ego and have heaps of patience... you will become an effective trader.... control your fear and greed - then you can start making money, preserve your capital and you can still catch the big waves of market and ride to it.

pigs are butchered along the way,
ducks are wiped out to with no heads

just my 2 cents
Success consists of going from failure to failure without loss of enthusiam
  • #20,602
  • Mar 30, 2010 10:46pm Mar 30, 2010 10:46pm
Quoting Proda
Make sense to short or no?
Proda, what TF do you trade with?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,603
  • Mar 30, 2010 10:47pm Mar 30, 2010 10:47pm
OK, if you got multiple longs and shorts, then net it out. If longs = shorts then you hedged. If longs NE shorts, you're not hedged, hence you've taken a position, long or short. If you are hedged then every plus point equals a minus point. Equity remains constant until you close one of the positions. The problem is, the market moves 1000 points (up or down) and your equity moved nowhere. OPPORTUNITY COST is 1000 points that you could have made had you not been hedged.
They call me "Hondo"
  • #20,604
  • Mar 30, 2010 10:47pm Mar 30, 2010 10:47pm
OvT & Clouds, are you guys in trades right now?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,605
  • Mar 30, 2010 10:48pm Mar 30, 2010 10:48pm
Long at 2.0000 and the market is now at 1.9900

If long 1 standard,
MtoM loss of $1,000.00

If long 1 standard and short 1 standard
MtoM loss of $1,000.00 on the long
MtoM gain of $1,000.00 on your short

Close the short side of the hedge and bank $1,000
Now long 1 standard and just like long only, MtoM I am down $1,000.00 on that position.

Which is a preferred result?

BR
  • #20,606
  • Mar 30, 2010 10:50pm Mar 30, 2010 10:50pm
i am a newb, so i am still trying things out. in this case it is 2hr time frme. I am reading j16 thread so i look for dailys, then 2hr, then 15min/30min for an entry. or atleast i try to do that.

i am open for all criticism so please destroy my predictions!
  • #20,607
  • Mar 30, 2010 10:52pm Mar 30, 2010 10:52pm
good point hondo about hedging..
  • #20,608
  • Mar 30, 2010 10:53pm Mar 30, 2010 10:53pm
thanks thadakman im gonna try that. so any pairs with usd i can do that with right?
  • #20,609
  • Mar 30, 2010 10:53pm Mar 30, 2010 10:53pm
Quoting Proda
i am a newb, so i am still trying things out. in this case it is 2hr time frme. I am reading j16 thread so i look for dailys, then 2hr, then 15min/30min for an entry. or atleast i try to do that.

i am open for all criticism so please destroy my predictions!
Pull up a 15min chart and load up a 35sma. When it bounces off take a short. If it closes through go long with a tight SL.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,610
  • Mar 30, 2010 10:54pm Mar 30, 2010 10:54pm
can anybody share to me their best technical indicator, and how it helps you? does your indicator is only another confirmation tool or your trade decissions are based on indicators' reading? please help
Success consists of going from failure to failure without loss of enthusiam
  • #20,611
  • Mar 30, 2010 10:54pm Mar 30, 2010 10:54pm
Nice discussion going. I've said my piece. How about you guys educating me and showing me the error of my ways. I'll be happy to ship a nice bottle of California wine to you if you can convince me that I've been missing the greatest thing since sliced bread. LOL
They call me "Hondo"
  • #20,612
  • Mar 30, 2010 10:55pm Mar 30, 2010 10:55pm
marcus im gonna try that right now and tell you how i did in a few. they r kicking me out of the lib at my school right now!

also, what is your logic behind that? im jsut trying to understand how you came to that conclusion.
  • #20,613
  • Mar 30, 2010 10:56pm Mar 30, 2010 10:56pm
Quoting dongsky
can anybody share to me their best technical indicator, and how it helps you? does your indicator is only another confirmation tool or your trade decissions are based on indicators' reading? please help
Sure. Use an SMI with 46,-46 on a H4 TF and use an ADX w/ D-,D+ all at 10 interval on the Daily chart.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,614
  • Mar 30, 2010 10:57pm Mar 30, 2010 10:57pm
Quoting eventtrading
Nice discussion going. I've said my piece. How about you guys educating me and showing me the error of my ways. I'll be happy to ship a nice bottle of California wine to you if you can convince me that I've been missing the greatest thing since sliced bread. LOL
now i know, they have called you "Hondo" for million reason lol
Success consists of going from failure to failure without loss of enthusiam
  • #20,615
  • Mar 30, 2010 11:03pm Mar 30, 2010 11:03pm
Yen falling hard at this time. May want to consider short.
They call me "Hondo"
  • #20,616
  • Mar 30, 2010 11:05pm Mar 30, 2010 11:05pm
Quoting MarcVUM
OvT & Clouds, are you guys in trades right now?
hey marc
yep i am still holding that short from last night 91876
and yep 9146 has been broken! i'll adjust my SL and TP further down and see where this brings us

how's clouds doing
  • #20,617
  • Mar 30, 2010 11:06pm Mar 30, 2010 11:06pm
Quoting eventtrading
The problem is, the market moves 1000 points (up or down) and your equity moved nowhere. OPPORTUNITY COST is 1000 points that you could have made had you not been hedged.
That's where the strategy comes (and the whole point of hedging)... the market does not move in a straight line... hedging allows for several opportunities for entries and exits (some which just happen to be open simultaneously but closed at different times of course) to ride the up and down waves within the 1000 point move.
  • #20,618
  • Mar 30, 2010 11:06pm Mar 30, 2010 11:06pm
Quoting eventtrading
Nice discussion going. I've said my piece. How about you guys educating me and showing me the error of my ways. I'll be happy to ship a nice bottle of California wine to you if you can convince me that I've been missing the greatest thing since sliced bread. LOL
IMO, it's not the best thing since sliced bread. Try it out on a demo account and you'll see. I only use it when in a pickle but usually just adjust my cost basis to get out of a jam.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,619
  • Mar 30, 2010 11:07pm Mar 30, 2010 11:07pm
Quoting OvT
hey marc
yep i am still holding that short from last night 91876
and yep 9146 has been broken! i'll adjust my SL and TP further down and see where this brings us

how's clouds doing
Sweet! I don't know where Clouds went.??
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,620
  • Mar 30, 2010 11:09pm Mar 30, 2010 11:09pm
Quoting Proda
marcus im gonna try that right now and tell you how i did in a few. they r kicking me out of the lib at my school right now!

also, what is your logic behind that? im jsut trying to understand how you came to that conclusion.
Just watch it and try it on a demo account. You'll see what I mean.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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