Cable Update (GBPUSD) | Page 12408 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #248,141
  • Aug 24, 2010 4:59am Aug 24, 2010 4:59am
Quoting Scipionz
There is no good reason to play games... 2 accounts, or whit another products.
Hedging whit the same products is done by profesionnal in any domain of the market for MANY reasons.
But for some other reasons fx retail dosen't seems to know them and even wont have acces to it now... LOL.

I don't personnaly care, but I all morality around it ain't the real reason why they do that.
Let's not think into a Walt Disney fashion here.
Agree hedging is stupid
  • #248,142
  • Aug 24, 2010 5:01am Aug 24, 2010 5:01am
Quoting cloggie
Keep that stop tight, look at that 0900 GMT bar on the 15.
Hey cloggs,

I only entered half my normal lot there... Was eyeing 5434 also as a possible target for retrace! only risking 1% of account (live)....

BTW, don't see what you mean by the 900am gmt bar on m15, I've got a spinning top? (think thats what one calls it)

Mine between the two red lines... Seems we are off downwards though...
Attached Image (click to enlarge)
Click to Enlarge Name: tradeg.gif Size: 52 KB
@pawpaw1000 on Twitter
  • #248,143
  • Aug 24, 2010 5:03am Aug 24, 2010 5:03am
Quoting Scipionz
There is no good reason to play games... 2 accounts, or whit another products.
Hedging whit the same products is done by profesionnal in any domain of the market for MANY reasons.
But for some other reasons fx retail dosen't seems to know them and even wont have acces to it now... LOL.

I don't personnaly care, but I all morality around it ain't the real reason why they do that.
Let's not think into a Walt Disney fashion here.
I can only see that it offsets the difference between the two and it looks like the balance sheet is good. They have no gain or no loss. there fore a risk still lies in the direction and it minimizes the profit. or loss.
  • #248,144
  • Aug 24, 2010 5:04am Aug 24, 2010 5:04am
Quoting cloggie
Keep that stop tight, look at that 0900 GMT bar on the 15.
i agree, it certainly looks now as if cable is loosing moemtum to the downside and wanting to retrace some
  • #248,145
  • Aug 24, 2010 5:07am Aug 24, 2010 5:07am
Quoting Execute
Agree hedging is stupid
Euh!?!.... I hedge all the time...... never said it was stupid.
Why pro would do it then?
LOL!

I have more then 97% winner whit hedging.... SL????????
Anyway... I said what I have to say.

All good my friend, just misunderstanding here.

Take care!
"Flip that coin!"
  • #248,146
  • Aug 24, 2010 5:08am Aug 24, 2010 5:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
thanks for your kind words mate!! I have come to conclusion that rather then looking at an individual pair it's better to look at overall health of the currency by analysing lfx charts so it helps.

ta
ams


Quoting cannarek
ams - i like your thread - i can see we have some things in common
  • #248,147
  • Aug 24, 2010 5:09am Aug 24, 2010 5:09am
ust got stopped for -5pips... its ok, thought we migh head up to 5430.

Darn, with the spike down I thought I was in a winner and then the sudden turn!

GL all... Still looking short...

USDINX is moving up nicely as well... mmm...
@pawpaw1000 on Twitter
  • #248,148
  • Aug 24, 2010 5:09am Aug 24, 2010 5:09am
Quoting Execute
are correct no need to hedge doing PA follow your plan Just a suggestion it some one wanted to do the hedge plan which is just betting against the first entry, just get out and wait for another good entry
Technically You are right, though I find there are some mental advantages in hedging or net-positioning, keeping your long term position and hedging it during retraces....
Don't be a hero. Don't have an ego. Always question yourself
  • #248,149
  • Aug 24, 2010 5:10am Aug 24, 2010 5:10am
Ok.. Going long now.. anybody long?? entry 1.5417
  • #248,150
  • Edited 6:22am Aug 24, 2010 5:11am | Edited 6:22am
double post
"Flip that coin!"
  • #248,151
  • Aug 24, 2010 5:14am Aug 24, 2010 5:14am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Level to watch 54600...goes above, I am a buyer, touches and reverts, I am a seller big time.


ta
ams
  • #248,152
  • Aug 24, 2010 5:18am Aug 24, 2010 5:18am
Quoting ams
Level to watch 54600...goes above, I am a buyer, touches and reverts, I am a seller big time.


ta
ams
Main reason I love 'correlation trading' so much,,,doesn't matter which way it goes as long as the correlation is there... + 10 or +50 or even +100 no probs. yes sometimes I get one wrong, but whoever gets them all right
  • #248,153
  • Edited 5:31am Aug 24, 2010 5:20am | Edited 5:31am
Quoting ams
Level to watch 54600...goes above, I am a buyer, touches and reverts, I am a seller big time.


ta
ams
1.5440 my POI

H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0110.png Size: 27 KB


PS.
We have a double (almost tripple) top on USD-Index which delays the down-move a little imo.....
Don't be a hero. Don't have an ego. Always question yourself
  • #248,154
  • Aug 24, 2010 5:22am Aug 24, 2010 5:22am
Quoting USD-Bear
1.5440 my POI

H1:
Attachment
Agree. Its also s1 on Daily.
  • #248,155
  • Aug 24, 2010 5:22am Aug 24, 2010 5:22am
Quoting cloggie
Hedging the same currency pair is not hedging it is net-positioning and you can achieve exactly the same thing without opening a short and a long at the same time.

Why do retailers keep calling divergent positions on the same pair hedging I don't know. One of those old wives tales I guess.
Let's not play on words here please.

I met a market maker over the TSX and have clear idea about what I talk about.
Net-positioning, hedging, the principle is the same: stop risk for a while or change direction into the position

Anyway.... why do I care, I am only sharing here.

Take care!
"Flip that coin!"
  • #248,156
  • Aug 24, 2010 5:24am Aug 24, 2010 5:24am
Quoting Scipionz
Let's not play on words here please.

I met a market maker over the TSX and have clear idea about what I talk about.
Net-positioning, hedging, the principle is the same: stop risk for a while or change direction into the position

Anyway.... why do I care, I am only sharing here.

Take care!

Hedging the same currency pair, Martingale and scaling into losers must be the 3 biggest money spinners for the brokers.

Sorry buddy, the "pros" as you call them don't "hedge" the same currency pair, why would they, closing one and opening a fresh one in the right directions makes far more sense.

Hedging the same currency pair to make up for your ill timed or wrong entry just means that you are too scared to admit your mistake and try to make up for it by an ill thought out opposing trade.
  • #248,157
  • Aug 24, 2010 5:27am Aug 24, 2010 5:27am
cable ....
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 14 KB
  • #248,158
  • Aug 24, 2010 5:30am Aug 24, 2010 5:30am
"Short" Shorting TP 1.5386
  • #248,159
  • Aug 24, 2010 5:37am Aug 24, 2010 5:37am
Quoting Scipionz
Euh!?!.... I hedge all the time...... never said it was stupid.
Why pro would do it then?
LOL!

I have more then 97% winner whit hedging.... SL????????
Anyway... I said what I have to say.

All good my friend, just misunderstanding here.

Take care!
DEEP pockets
  • #248,160
  • Edited 5:52am Aug 24, 2010 5:38am | Edited 5:52am
LOL, closing to open a new position? A pro?!

When you are a hedge funds or a portefolio manager, you can't just dump your shit over the market.... you have way to much in hands and maby your are just unsure about market direction for a while.

A market maker accumulate order ll day long, so he keep positon over night. Opening new position?!?!??
You want him tu dump to whole thing at the end of the day... Hehe!

Maby it make more sens to you to scrap it all because you don't know how to deal whit this and you heard hedging was pure devil. I respect it! But I personnaly don't think that trading is learn by listening to others, urban legend or reading little pdf on the net...

Wish you the best!

ps: I never talked about scalling into loser or matingale here...
nb: the answer to your question is: this way you make money all the time, up down, sideway

Quoting cloggie
Hedging the same currency pair, Martingale and scaling into losers must be the 3 biggest money spinners for the brokers.

Sorry buddy, the "pros" as you call them don't "hedge" the same currency pair, why would they, closing one and opening a fresh one in the right directions makes far more sense.

Hedging the same currency pair to make up for your ill timed or wrong entry just means that you are too scared to admit your mistake and try to make up for it by an ill thought out opposing trade.
"Flip that coin!"
355 traders viewing now