Hero calls followed by margin calls...
- #466,583
- Jun 20, 2011 8:23am Jun 20, 2011 8:23am
That's not hedging, that's losing, unless you hedge a different correlated instrument.
i just compensate. when second orders gets into profit, i put buy orders at BE and close sell orders, so i keep a little profit after all. if currency continues to go higher, i close when my target profit is reached
- #466,584
- Jun 20, 2011 8:25am Jun 20, 2011 8:25am
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #466,586
- Jun 20, 2011 8:26am Jun 20, 2011 8:26am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
It's hedging, and i'm not losing. as you can see in top right corner it says (1) which means currently 1 buy order active. next one will be opened at 1.4315, and after that, the number of pips the current buy order(s) is in profit/loss.
i just compensate. when second orders gets into profit, i put buy orders at BE and close sell orders, so i keep a little profit after all. if currency continues to go higher, i close when my target profit is reached
I can tell it really works, just looked at your fxbook, your average loser is 51 pips, your average winner is 25 pips. A great advertisement for hedging, or nedging as we like to call it here.
But heh WTF do I know, whatever floats your boat. If you would do this on any floor in the world you'd be out on your @rse cleaning windows on the corner.
- #466,589
- Jun 20, 2011 8:29am Jun 20, 2011 8:29am
- | Commercial User | Joined Mar 2008 | 9,070 Posts
Agree 4250 lvl.. Next stop 1.4300 possible..
Riding free trade.. N enjoything Singapore sunset..
Sonic
4hr later.. 1.43xx hit..
Sonic
- #466,590
- Jun 20, 2011 8:29am Jun 20, 2011 8:29am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
4hr later.. 1.43xx hit..
Sonic
- #466,591
- Jun 20, 2011 8:30am Jun 20, 2011 8:30am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #466,592
- Jun 20, 2011 8:30am Jun 20, 2011 8:30am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
looking for investors . pm me
- #466,593
- Jun 20, 2011 8:31am Jun 20, 2011 8:31am
I can tell it really works, just looked at your fxbook, your average loser is 51 pips, your average winner is 25 pips. A great advertisement for hedging, or nedging as we like to call it here.
But heh WTF do I know, whatever floats your boat. If you would do this on any floor in the world you'd be out on your @rse cleaning windows on the corner.
P.S. fxbook trading method is mixed. not just this small ea
- #466,595
- Jun 20, 2011 8:32am Jun 20, 2011 8:32am
what do u make if you have 1 sell and 1 buy order at 1.4000 , another buy at 1.4100 and another buy at 1.4200 and price drops back top 1.4000 ?
: p
- #466,596
- Jun 20, 2011 8:32am Jun 20, 2011 8:32am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
yes thats how it is. i explained in post above what i did so averages dont look good this way, but it works. wont get me richt after all, but just a simple thing i use now and then, or when waiting for news
Take it as you want, but if you would spend a bit more time getting your entries right and forgetting about this whole nedging mallarkey it would do wonders for you account.
- #466,597
- Jun 20, 2011 8:32am Jun 20, 2011 8:32am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
4hr later.. 1.43xx hit..
Sonic
Hero calls followed by margin calls...
- #466,599
- Jun 20, 2011 8:33am Jun 20, 2011 8:33am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Stop?
Close
- #466,600
- Jun 20, 2011 8:33am Jun 20, 2011 8:33am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
nothing yet, just wait longer till price comes to 1.42+ or makes more orders downwards
Hero calls followed by margin calls...