Dislikedgot my short entry 3452 for 3400 or 3380 next one will be at 3518 hede will start when above 3570.Ignored
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Dislikedgot my short entry 3452 for 3400 or 3380 next one will be at 3518 hede will start when above 3570.Ignored
Dislikedgot my short entry 3452 for 3400 or 3380 next one will be at 3518 hede will start when above 3570.Ignored
DislikedYou'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 ?Ignored
DislikedYou sure about that? Looks like Sell off on DOW is over and
commodities getting higher, Time to short Dollar soon.Ignored
Dislikedok 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.Ignored
DislikedYes 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...Ignored
Dislikedok 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...Ignored
DislikedYes 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 youIgnored