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  • #536,641
  • Sep 9, 2011 11:13am Sep 9, 2011 11:13am
Quoting Tellerton
Yeah, it's shootin-fish-in-a-barrel time.

Because Gary "the Weasel" over at CFTC put an end to hedging, there's no way to escape the falling price - if you're pretty far in the hole, you're either out a bundle or you're dead... and that's how the banks/brokers like it!

Oh, and it's FRIDAY... so don't expect EUR/USD to turn.
You can always hedge. Just transfer your capital to a broker outta the US. Thats all. And I think it was NFA or so.
Don't just beat the markets, leave bruises.
  • #536,642
  • Sep 9, 2011 11:14am Sep 9, 2011 11:14am
Re:bumapatria and hedging

If you have more than 2/3's of your account left you could do a synthetic hedge... not very convenient though.

Hard to say whether USD/CAD is played out (EUR/USD probably not!)
  • #536,643
  • Sep 9, 2011 11:16am Sep 9, 2011 11:16am
closed a small NZDUSD short at 0.8179 for +9... retracement time maybe
When life gives you lemons, make lemonade
  • #536,644
  • Sep 9, 2011 11:17am Sep 9, 2011 11:17am
Quoting Motion
You can always hedge. Just transfer your capital to a broker outta the US. Thats all. And I think it was NFA or so.

Hedge? Just figure out what direction we are going and trade in that direction. It ain't rocket science, hedging just means you have no freakin clue what the markets are doing and you want to be in something.

If price goes down, you sell, if it goes up you buy. Why the heck would you buy and sell at the same time? You are just lying to yourself and hiding from your inadequacy as a trader.

Only a muppet who can't trade for shit hedges, proper traders know where we are going and sticking to that direction.

Why the heck would I want to buy if price is going down.

Learn to trade and you'd never hedge again.

Alternatively.....
  • #536,645
  • Sep 9, 2011 11:17am Sep 9, 2011 11:17am
Quoting micho
lol naughty boy stop loss again -14!!!
Now you're trying to get back at the market mich, and the market will always get you for that. Just save those pips. They'll be useful some day you don't expect.
Don't just beat the markets, leave bruises.
  • #536,646
  • Sep 9, 2011 11:17am Sep 9, 2011 11:17am
Did china stopped buying euro ??, they were the only reason euro is still above 1.2
  • #536,647
  • Sep 9, 2011 11:19am Sep 9, 2011 11:19am
Quoting ziko123
Did china stopped buying euro ??, they were the only reason euro is still above 1.2

Why the heck would China buy Euros, they hold trillions of dollars. They may not be the smartest, but they are not going to devalue their own holdings.
  • #536,648
  • Sep 9, 2011 11:19am Sep 9, 2011 11:19am
Timing is everything.

That 15min bullish div was played out. Using divs on bigger tfs is pretty secure way to trade against intraday trend if you like.

It is also good way to make some confusion about reversals.
They think they are smarter than I am.
  • #536,649
  • Sep 9, 2011 11:19am Sep 9, 2011 11:19am
Quoting hindustani
i hope now u understand the meaning of gold is bearish
Or...

Gold was bearish...then it was bullish...now its flatish.

Oh those markets...up, down...all the way around!
  • #536,650
  • Sep 9, 2011 11:20am Sep 9, 2011 11:20am
Quoting Motion
Now you're trying to get back at the market mich, and the market will always get you for that. Just save those pips. They'll be useful some day you don't expect.
yep i guess so i feel robbed
When life gives you lemons, make lemonade
  • #536,651
  • Sep 9, 2011 11:21am Sep 9, 2011 11:21am
Quote: cloggie
--------------------
Only a muppet who can't trade for shit hedges, proper traders know where we are going and sticking to that direction.
--------------------

Quite true!

But then that fits the description of most newbi's who get into a position and wait too long to judge that it is baaaad. Hedging is a second chance while you're learning.

Not a guarantee, but a chance.
  • #536,652
  • Sep 9, 2011 11:22am Sep 9, 2011 11:22am
Quoting cloggie
Why the heck would China buy Euros, they hold trillions of dollars. They may not be the smartest, but they are not going to devalue their own holdings.

It's Official: China Is The "Mystery" Daily Buyer Of Billions Of Euros


http://www.zerohedge.com/article/its...billions-euros
  • #536,653
  • Sep 9, 2011 11:22am Sep 9, 2011 11:22am
The big boys make most of their money off of newbi's.
  • #536,654
  • Sep 9, 2011 11:23am Sep 9, 2011 11:23am
Quoting cloggie
Hedge? Just figure out what direction we are going and trade in that direction. It ain't rocket science, hedging just means you have no freakin clue what the markets are doing and you want to be in something.

If price goes down, you sell, if it goes up you buy. Why the heck would you buy and sell at the same time? You are just lying to yourself and hiding from your inadequacy as a trader.

Only a muppet who can't trade for shit hedges, proper traders know where we are going and sticking to that direction.

Why the heck would I want to buy if price...

Maybe it's the wrong term but i made profit on both. One scalping, one trending. Scalped a short with 8 pips. Long with 40 pips. Closed.
Have I got something on my face, SOLDIER?
  • #536,655
  • Sep 9, 2011 11:24am Sep 9, 2011 11:24am
Quoting Tellerton
Quote: cloggie
--------------------
Only a muppet who can't trade for shit hedges, proper traders know where we are going and sticking to that direction.
--------------------

Quite true!

But then that fits the description of most newbi's who get into a position and wait too long to judge that it is baaaad. Hedging is a second chance while you're learning.

Not a guarantee, but a chance.
Hedging is just lying to yourself, it is the fear of admitting that your entries or your trendspotting suck and that you would rather just open a trade in the opposite direction instead of being honest to yourself and learn how to trade.

Stop hedging and you will stop lying to yourself. But heck I could not give a toss if everyone here hedges, it just means that none of them can trade and I can just take their money with a clear conscious.
  • #536,656
  • Sep 9, 2011 11:25am Sep 9, 2011 11:25am
Quoting cloggie
I want to thank all you muppets for contributing to my account. My final target has not been reached yet, but your financial contributions have not gone unnoticed.

As Europe is closed I just closed my final trade for the week.

Thank you all, there are way too many of you to list you individually.
Now who says you're always an arsehole?

That was incredibly kind!
  • #536,657
  • Sep 9, 2011 11:26am Sep 9, 2011 11:26am
don't wanna spoil the talk about China, but as far as I know - China wants to dump the dollar exchanging it for commodities and euros. They want to do it gradually so they are profiting from low euro / high usd.

And as for eur/usd - once it looses correltion with oil, I'm selling. But till then....
  • #536,658
  • Sep 9, 2011 11:26am Sep 9, 2011 11:26am
Quoting bumapatria
Hey guys i need advice. Im hedging USD/CAD, and Buy looks like the stronger trade, and im extremely close to margin requirement, should i just close the losing short CAD trade?
Closing anyone now puts you in a position of a margin call if the running one turns out to be the wrong one. My advice, just leave the two over the weekend and exit on better signal and momentum next week.

See that white line, is the opens and closes on the 1hr lined up together. Sort of tweezer tops. Now, if you close the short trade and that last candle ends up being an equal and opposite, I can assure you of a margin call!

Just my own simple opinion. In life, nothing is sure, and so is price action.
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Don't just beat the markets, leave bruises.
  • #536,659
  • Sep 9, 2011 11:27am Sep 9, 2011 11:27am
Quoting bumapatria
Maybe it's the wrong term but i made profit on both. One scalping, one trending. Scalped a short with 8 pips. Long with 40 pips. Closed.

Then your entries suck, if you would work on that, there would be no need to "hedge".

BTW, can we stop calling it hedging, I have used hedging for over 20 years, at no time did I have opposing postions in the same instrument.

Let's call it the "scared of my inability to trade last ditch hope hail mary prayer position"
  • #536,660
  • Sep 9, 2011 11:27am Sep 9, 2011 11:27am
Btw another try for long here
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