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  • #438,001
  • May 8, 2011 4:50pm May 8, 2011 4:50pm
Quoting FibbinArchie
each to their own, I guess...
Retail that hedge, in due time fail.
Don't take my word for it tho, try it for a year or two & see how ugly the balance will look.
Thank You
  • #438,002
  • May 8, 2011 4:50pm May 8, 2011 4:50pm
Quoting FibbinArchie
LOL, Blackbird Leys is a pretty notorious (rough) neighbourhood, I'm actually originally from Oxford (not BBL mind)...

http://www.chavtowns.co.uk/2005/01/blackbird-leys/

Hehe, nice blogg; and kiwi

editing wiki now...
  • #438,003
  • May 8, 2011 4:50pm May 8, 2011 4:50pm
Quoting FibbinArchie
personally I don't get the logic in paying 2x spread and tying up margin just to be flat or have a small loss locked, but that's just me, whatever works for ya...
Actually you do not tie up any margin when you hedge if you hedge similar volumes in both directions.

Sometimes hedge when I am sure (as sure as it is possible to be) yet a dip or bounce comes upon me unexpected. Works well.
  • #438,004
  • May 8, 2011 4:51pm May 8, 2011 4:51pm
Quoting ScreenTimer
everybody has a unique style of trading - i know a friend who's hedging even 1000 pip moves - but he's only trading eur/cad i think...
ok here's a thing that just occurred to me, by hedging you're going down the mindset route of "needing to be right" which is psychological trap for traders, maybe just better to accept that you misread the market and move on... just a thought, and like I said if it works for you, who am I to criticize?...
  • #438,005
  • May 8, 2011 4:51pm May 8, 2011 4:51pm
Quoting wormboy
Best description
  • #438,006
  • May 8, 2011 4:52pm May 8, 2011 4:52pm
Quoting moonchild
Actually you do not tie up any margin when you hedge if you hedge similar volumes in both directions.

Sometimes hedge when I am sure (as sure as it is possible to be) yet a dip or bounce comes upon me unexpected. Works well.
hedging is always going to be a contentious issue...
  • #438,007
  • May 8, 2011 4:54pm May 8, 2011 4:54pm
Quoting egkid
Best description
Thank You
  • #438,008
  • May 8, 2011 5:01pm May 8, 2011 5:01pm
Quoting egkid
All depends on Asia session, After few H my weekly close then I will start my plan for the week.
What was London and NY Closes on Friday? Add them up and divide by 2. I hope its not 1.4425.

Asia may take it to 1.4425.
The Thief of Wall Street
  • #438,009
  • May 8, 2011 5:02pm May 8, 2011 5:02pm
The Australian market is expected to open higher today after surprisingly strong jobs data out of the United States on Friday saw overseas markets rise.
On the ASX 24 at 6.30am AEST, the June share price index futures contract was eight points higher at 4751.
What you need to know

 

  1. The SPI was 8 points higher at 4751
  2. The $A was trading at 107.18 US cents
  3. In the US, the S&P500 added 5.10 pts, or 0.4%, to 1340.20
  4. European stocks fell last week on commodities, miners
  5. Spot gold finished higher at $US1484.60, silver tumbled
  6. WTI crude oil settled at $US97.18 a barrel


  • #438,010
  • May 8, 2011 5:02pm May 8, 2011 5:02pm
Quoting FibbinArchie
ok here's a thing that just occurred to me, by hedging you're going down the mindset route of "needing to be right" which is psychological trap for traders, maybe just better to accept that you misread the market and move on... just a thought, and like I said if it works for you, who am I to criticize?...
So far it worked for me all the time - for example - do you remember false breakout on eur usd like 2 weeks ago? I left some shorts in 1.4470 area. I hedget those positions and played market long mostly until 1.49, then it went down like 600 pips and my short got covered like 50pips or more... And don't get me wrong, I don't hedge my account like 50/50, I usually open only positions worth max 25& of my account together. For example, I have opened small long, and i we go south i can open 2-3 small short positions if i want to and will decide later if i cut off my long position...
  • #438,011
  • May 8, 2011 5:03pm May 8, 2011 5:03pm
Nice read...

LD
Attached File(s)
File Type: pdf Buttonwood Good losers The Economist.pdf   747 KB | 458 downloads
Fail better.
  • #438,012
  • May 8, 2011 5:07pm May 8, 2011 5:07pm
Quoting ScreenTimer
So far it worked for me all the time - for example - do you remember false breakout on eur usd like 2 weeks ago? I left some shorts in 1.4470 area. I hedget those positions and played market long mostly until 1.49, then it went down like 600 pips and my short got covered like 50pips or more... And don't get me wrong, I don't hedge my account like 50/50, I usually open only positions worth max 25& of my account together. For example, I have opened small long, and i we go south i can open 2-3 small short positions if i want to and will decide later...
horses for courses...
  • #438,013
  • May 8, 2011 5:07pm May 8, 2011 5:07pm
Quoting Chicky
You have time until it gets to 1.4500 where my short order is.
it can bounce strongly from 1,4455
  • #438,014
  • May 8, 2011 5:07pm May 8, 2011 5:07pm
by the bars so far Im leaning towards the move higher, but Tokyo before I decide
  • #438,015
  • May 8, 2011 5:12pm May 8, 2011 5:12pm
Quoting walkman
it can bounce strongly from 1,4455
I have a very strong resistance at 1.4475 and still more stronger from 1.4550 to 1.4580.

But you could be right, 1.4550 is the bottom of my blue channel and it may fall back again within that channel.

Keep position sizes small and play bigger moves, is the only thing I am doing now.
The Thief of Wall Street
  • #438,016
  • May 8, 2011 5:16pm May 8, 2011 5:16pm
Quoting Chicky
What was London and NY Closes on Friday? Add them up and divide by 2. I hope its not 1.4425.

Asia may take it to 1.4425.
Patience & Watching 4380
  • #438,017
  • May 8, 2011 5:18pm May 8, 2011 5:18pm
buy or sell position ?

Quoting ScreenTimer
Opened small position - TP 1.4392, NO SL - will hedge from 1.4360. As long as market stays within 1.42 - 1.49 levels for next couple of days (weeks), I will hedge...
Blogging daily now at www.volume.zone
  • #438,018
  • May 8, 2011 5:20pm May 8, 2011 5:20pm
I do not understand hedging ... been in game 7 years..

You are either right or you are wrong. If you think there is going to be abounce lcose your profitable trade and wait for re entry higher ( or lower ) depending on previaling trend ...

I have never understood those that use hedging.. maybe I am just stupid

Quoting FibbinArchie
personally I don't get the logic in paying 2x spread and tying up margin just to be flat or have a small loss locked, but that's just me, whatever works for ya...
Blogging daily now at www.volume.zone
  • #438,019
  • May 8, 2011 5:23pm May 8, 2011 5:23pm
Markets have not truely opened yet , and there is ZERO players right now and we have all kinds of predictions..frigging love it

Listen for those of you with your crystal balls that you are currently rubbing can anyone tell me if Tigers ex misses is going to meet me in starbucks and fall in love with me. I hear she is worth 100 mill and i hear she is in the market for a normal nice guy

( no comments from Magix or Cloggie on fact I am muppet / scuba trader and not a nice guy)


Blogging daily now at www.volume.zone
  • #438,020
  • May 8, 2011 5:24pm May 8, 2011 5:24pm
Quoting malcolmb14
I do not understand hedging ... been in game 7 years..

You are either right or you are wrong. If you think there is going to be abounce lcose your profitable trade and wait for re entry higher ( or lower ) depending on previaling trend ...

I have never understood those that use hedging.. maybe I am just stupid
if your target is 500 pips away and you see a wave of 100 pips in between in opposite direction you might consider hedging the 100 pip trade instead of closing the 500 pip trade.
you might not get an entry again for the 500 pip trade.
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