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  • #227,821
  • Apr 19, 2010 9:02am Apr 19, 2010 9:02am
Quoting Trading Cat
got my short entry 3452 for 3400 or 3380 next one will be at 3518 hede will start when above 3570.
You'll start hedging when above 3570 ? so you will keep your short at 1.3452 and if this one goes to 1.3570 you'll start buying ?
COT: The precious data ignored
  • #227,822
  • Apr 19, 2010 9:02am Apr 19, 2010 9:02am
Surprised to see that my limit orders were never executed. Still waiting patiently.
  • #227,823
  • Apr 19, 2010 9:04am Apr 19, 2010 9:04am
Quoting Trading Cat
got my short entry 3452 for 3400 or 3380 next one will be at 3518 hede will start when above 3570.
You sure about that? Looks like Sell off on DOW is over and

commodities getting higher, Time to short Dollar soon.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #227,824
  • Apr 19, 2010 9:05am Apr 19, 2010 9:05am
Quoting Mr Hatch
long 1.3440
bought 20 pips too early. more patience is necessary.
  • #227,825
  • Apr 19, 2010 9:05am Apr 19, 2010 9:05am
Low close still not done ,may come back again.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #227,826
  • Apr 19, 2010 9:08am Apr 19, 2010 9:08am
Quoting kuroro001
You'll start hedging when above 3570 ? so you will keep your short at 1.3452 and if this one goes to 1.3570 you'll start buying ?
ok instead of having sl I use hedge my hedge is always 100-150 pips away from first entry, I usually use that as last resort, so to be honest I dont really see € coming there in the next 2-3 days.
My hedge will be just a lock on current loss till price gets back to be nothing more. I wont open more positions to even out my hedged trade. Just continue with other trades till hedged one is by itself again be.
Hope this is not to confusing it makes sense to me.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #227,827
  • Apr 19, 2010 9:11am Apr 19, 2010 9:11am
Quoting Mackeymax
I thought we were all in this together
If you want to feel a sense of brothership, I think the markets are not the place for you. Laws of nature apply.
  • #227,828
  • Apr 19, 2010 9:14am Apr 19, 2010 9:14am
Quoting SkyzerFX
You sure about that? Looks like Sell off on DOW is over and

commodities getting higher, Time to short Dollar soon.
I am not sure about anything, but I dont need to be, do I?
If she wants to go higher no problem I can add more short up there, then if she is really on fire I hedge my position till the fire wears of. Thats ok with you? hehehe
Trade on your own risk Plan your trade&trade your plan dont be a
  • #227,829
  • Apr 19, 2010 9:16am Apr 19, 2010 9:16am
EURO-DOLLAR: Gains extended to near $1.3460 area but hard to find anyone
seeing significant flow in either direction. Most traders still watching
US stocks as the GS story briefly nudges Greece out of center-stage but
still close to the wings and able to rush back in quickly. Offers remain
$1.3465/75.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #227,830
  • Edited 9:27am Apr 19, 2010 9:16am | Edited 9:27am
gu,gj going to fill the gap I see here .so eu stop what doing & join the rally up till then perhaps & bull may get life .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #227,831
  • Apr 19, 2010 9:18am Apr 19, 2010 9:18am
target....
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  • #227,832
  • Apr 19, 2010 9:22am Apr 19, 2010 9:22am
Quoting Trading Cat
ok instead of having sl I use hedge my hedge is always 100-150 pips away from first entry, I usually use that as last resort, so to be honest I dont really see € coming there in the next 2-3 days.
My hedge will be just a lock on current loss till price gets back to be nothing more. I wont open more positions to even out my hedged trade. Just continue with other trades till hedged one is by itself again be.
Hope this is not to confusing it makes sense to me.
Yes i've understood what you said but here is how i see things from my point of view.

If you start hedging when it goes up 120 pips from your entry point ...it's like you got a 120 pips SL right ? and your target is 50 pips (or more) .... so a RR ratio of 0.4 ?

And the other thing about hegding is : you got your short at 1.3450 ... it goes 100 pips against you and you start hedging your losing position.

But once you hedge your losing position... what if it goes 300 pips against you ? you'll get a big losing position.... which might never come back to your 1.3450 short....how do you do with that ?


Thanks
COT: The precious data ignored
  • #227,833
  • Apr 19, 2010 9:29am Apr 19, 2010 9:29am
Quoting kuroro001
Yes i've understood what you said but here is how i see things from my point of view.

If you start hedging when it goes up 120 pips from your entry point ...it's like you got a 120 pips SL right ? and your target is 50 pips (or more) .... so a RR ratio of 0.4 ?

And the other thing about hegding is : you got your short at 1.3450 ... it goes 100 pips against you and you start hedging your losing position.

But once you hedge your losing position... what if it goes 300 pips against you ? you'll get a big losing position.... which might never come...
ok I understand ur point if I lock my 100-150pip loss as a hedge I just keep on trading normal as if this position wouldnt be there. So if it is clear we go further up lets say 300 pips I'll be long with another trade and keep on taking them in until we come back down again. Honestly I dont believe we get a 300pip move up, Greece is in no way done with it nor is portugal and the rest of the piigs we will see new lows on a daily. Still the hedge is just a protection of further loss no more then that.

Also look at where I am starting to hedge its above the pivot above R1 we really need something awesome to happen to get there.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #227,834
  • Apr 19, 2010 9:32am Apr 19, 2010 9:32am
Quoting jsspmk
stop moved to 1.34, looks like a Wyckoff
Wyckoff it was, perfect
Prices oscillate, trends persist. Trend is your friend.
  • #227,835
  • Apr 19, 2010 9:33am Apr 19, 2010 9:33am
Quoting Trading Cat
ok I understand ur point if I lock my 100-150pip loss as a hedge I just keep on trading normal as if this position wouldnt be there. So if it is clear we go further up lets say 300 pips I'll be long with another trade and keep on taking them in until we come back down again. Honestly I dont believe we get a 300pip move up, Greece is in no way done with it nor is portugal and the rest of the piigs we will see new lows on a daily. Still the hedge is just a protection of further loss no more then that.

Also look at where I am starting to hedge its...
Yes i see .... but for me it looks too risky to hedge even if you are within the major trend
I agree eurusd is doomed and new low should come...but we might even see higher prices...well you never know in the market anyway

Good luck to you
COT: The precious data ignored
  • #227,836
  • Apr 19, 2010 9:34am Apr 19, 2010 9:34am
Quoting jsspmk
Wyckoff it was, perfect
What's Wyckoff ?
COT: The precious data ignored
  • #227,837
  • Apr 19, 2010 9:35am Apr 19, 2010 9:35am
EU trade chief De Gucht: Ash cloud will have serious economic impact in EU if it continues
  • #227,838
  • Apr 19, 2010 9:39am Apr 19, 2010 9:39am
And it's still running........








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  • #227,839
  • Apr 19, 2010 9:39am Apr 19, 2010 9:39am
Quoting kuroro001
Yes i see .... but for me it looks too risky to hedge even if you are within the major trend
I agree eurusd is doomed and new low should come...but we might even see higher prices...well you never know in the market anyway

Good luck to you
I soo agree with you. I just recently started this way of trading and it makes me more relaxed, I dont know how other ppl see it and if its a good way of trading, but its all about myself and how I feel when in a trade. Took me ages to relax a little. Normally I tend to get very nervous when 10-30pip in minus even more when 100-150pips thats changed with that kind of trading.
Now lets see what the market does to us, right now its looking ok.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #227,840
  • Apr 19, 2010 9:48am Apr 19, 2010 9:48am
Looking good #532 #539
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