But it was counter trend so I didn't commit full size and stop was also rather narrow. I am still looking for some sort of failure near 1.37-1.38 to initiate a full short position.
Prices oscillate, trends persist. Trend is your friend.
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DislikedIf you want to feel a sense of brothership, I think the markets are not the place for you. Laws of nature apply.Ignored
Dislikedwyckoff spring, look it up. It happened today on 5 minute chart when I posted. Basically price has to form either a wedge or be going down continuously then make 2-3 bottoms andthen followed by a headfake move to the lows again, which normally is quite sharp, just like today. When you see that the probability is in bulls favour & price shoots up on short squeezing. A very powerful counter trend formation.
But it was counter trend so I didn't commit full size and stop was also rather narrow. I am still looking for some sort of failure near 1.37-1.38...Ignored
DislikedEU trade chief De Gucht: Ash cloud will have serious economic impact in EU if it continuesIgnored
DislikedYeah, thanks guys, I found http://www.atcbrokers.com
Us Based Hedging allowed ECN/MT4 No dealing desk, Low spreads,
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Just request a Demo and will go from there.Ignored
DislikedEU trade chief De Gucht: Ash cloud will have serious economic impact in EU if it continuesIgnored
Dislikedgj apprently fill the gap but gu not , so a temporary shorts in all with eu , scalping positions , they should up again. alittle .last will short, accumulate & keep as per my td analysis .
fontuIgnored
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
DislikedThere is no gain by hedging with same currency, the only reason it is allowed is so broker gets more spread paid. The logical thing to do would be to close the trade and reenter at the same point you would have closed the hedge trade you were making. You might end up paying more interest, you're tying up margin that could be better spent making money, and if a person uses subaccounts one could end up getting a margin call unless money is transferred between.
Real hedging is done using options and/or correlated pairs. I think people primarily hedge...Ignored
DislikedIt did on your plateform? the gap to be filled is around 141.75 on mineIgnored
Dislikedusdchf [email protected]
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cable is approaching 5179 support line on my chart, so maybe it will start climbing soon in order to close that gap:
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DislikedI think equity market and EU not in sync like before...aha..I am hoping EU goes upIgnored