Don't take my word for it tho, try it for a year or two & see how ugly the balance will look.
Thank You
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedLOL, 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/Ignored
Dislikedpersonally 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...Ignored
Dislikedeverybody 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...Ignored
DislikedActually 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.Ignored
DislikedAll depends on Asia session, After few H my weekly close then I will start my plan for the week.Ignored
Dislikedok 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?...Ignored
DislikedSo 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...Ignored
DislikedWhat 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.Ignored
DislikedOpened 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...Ignored
Dislikedpersonally 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...Ignored
DislikedI 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 stupidIgnored