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  • #569,441
  • Dec 2, 2011 12:49pm Dec 2, 2011 12:49pm
Quoting chazzle
that's it - the same as averaging losers , martingaling and probably plenty of others - the refusal to accept risk , the inability to deal with fear of loss
So are you saying you're able to take risks where there is no S/R with the same certainty in your mind as if there was S/R at the market price?
  • #569,442
  • Dec 2, 2011 12:51pm Dec 2, 2011 12:51pm
Quoting sidhujag
Yes I agree that their credability has weight, but there should be reasoning behind opposing an idea other than "think about what you are doing" and "be honest with yourself"... Vague answers like that deserve the response I gave I thought... just wanted a logical explanation from someone more experienced maybe.

No need for any reasoning, you gave your own answer why you "hedge":

Quoting sidhujag
Also your profitable position which gets hedged, when un-hedged will have a higher chance of surviving once the trend is intact.

It's all about what makes you comfortable. If you can foresee the trend before it happens great, do what works for you
Quoting sidhujag
The whole idea is that you don't know which way the trend will prevail at S/R so once it does you can un-hedge and keep the "right" trades open

Like I said, stop lying to yourself. Everyone here reading your post can see what you are doing to yourself, you just can't see it.
  • #569,443
  • Dec 2, 2011 12:51pm Dec 2, 2011 12:51pm
Quoting cloggie
Trading is simple, it just isn't easy. The biggest thing in a new trader's way the biggest obstacle to success is the trader himself, and it is really hard to tell yourself to go take a hike and not come back for a year while you figure this mallarkey out.

I see dozens of them lying to themselves here on a daily basis.
this is the most common stupid advise i usualy hear
go away learn something and then come back if you did

no
one must learn on the floor...

(for example how to get up from there...

there is a famouse quote: you are not drunk if you can lay on the floor without holding on

this does not apply to you

i dont really care if you trade at all or you just do this fight on the topic as a personal hobby but i am sure you come here to suck some energy
you come here to reload after... whatever you do real in private life

it is funny for some time
after it is boring
try some new tricks or pick up some new vocabulary at least...

ciao
'You must be the change you wish to see in the world' . Gandhi
  • #569,444
  • Dec 2, 2011 12:53pm Dec 2, 2011 12:53pm
Quoting phxmike
no
one must learn on the floor...

Yup, give a new med student a cancer patient on the first day of school, give a pilot on his first day of training a fully loaded 747. Go get a job at GS and demand 10Mn of capital on day one as a new snotty nosed "trader"

Your stupidity shines through kid for all to see.
  • #569,445
  • Dec 2, 2011 12:54pm Dec 2, 2011 12:54pm
http://smileys.smileycentral.com/cat/13/13_4_10.gif
Do your time and enjoy the ride...
  • #569,446
  • Dec 2, 2011 12:55pm Dec 2, 2011 12:55pm
Quoting cloggie
No need for any reasoning, you gave your own answer why you "hedge":






Like I said, stop lying to yourself. Everyone here reading your post can see what you are doing to yourself, you just can't see it.
Arighty, you sure know how to cheer someone up! lol NOT.

Will keep it mind thanks, like I said I usually don't use hedging and I'll let my trades do the talking.
  • #569,447
  • Dec 2, 2011 12:56pm Dec 2, 2011 12:56pm
http://1.bp.blogspot.com/_bGIoCkdeWV...0/sleepy03.gif http://i296.photobucket.com/albums/m...GIF-SLEEPY.gif
RM
  • #569,448
  • Dec 2, 2011 12:57pm Dec 2, 2011 12:57pm
Quoting sidhujag
Truth passes through three phases:

 

  1. First it is ridiculed. (cloggie)
  2. Second it is fiercely and violently opposed. (cloggie)
  3. Third, it becomes self-evident. (cloggie?)

— Arthur Schopenhauer

But what's the use of that banana peel?


http://0.tqn.com/d/politicalhumor/1/...gandhi-ftw.jpg
The Thief of Wall Street
  • #569,449
  • Dec 2, 2011 1:01pm Dec 2, 2011 1:01pm
Quoting sidhujag
So are you saying you're able to take risks where there is no S/R with the same certainty in your mind as if there was S/R at the market price?
It's more simple than that - I would try not to take the risk in the first place

but I will try to accept the risk if the set-up is according to my method - I'm not saying it's easy and there are usually pips left on the table - but you have to accept the risk , psychologically

confidence in your method , knowing your own risk tolerance and knowing the instrument are all key to this. That's the bit that takes time , imo
  • #569,450
  • Dec 2, 2011 1:04pm Dec 2, 2011 1:04pm
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  • #569,451
  • Dec 2, 2011 1:04pm Dec 2, 2011 1:04pm
before i log off for the weekend, just come across this from saxo bank, for you stats traders out there who love numbers, dated 25th nov from saxo also video but i think picture would do

see melboune boys try to thorw there weight around, didnt think was much trading down under

uk seems to be top dog yet gbpusd pair only 360billion
Attached Image (click to enlarge)
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  • #569,452
  • Dec 2, 2011 1:05pm Dec 2, 2011 1:05pm
Quoting Chicky
But what's the use of that banana peel?
They will throw it in front of the riot police. 100% win.
  • #569,453
  • Dec 2, 2011 1:08pm Dec 2, 2011 1:08pm
I love a good gandhi quote - what about this one from the "Indian Opinion" SEP 4 1904 : "Under my suggestion, the Town Council (of Johannesburg) must withdraw the Kaffirs from the Location. About this mixing of the Kaffirs with the Indians I must confess I feel most strongly. It think it is very unfair to the Indian population, and it is an undue tax on even the proverbial patience of my countrymen."
  • #569,454
  • Dec 2, 2011 1:09pm Dec 2, 2011 1:09pm
Quoting Cloudz9
kutta nahi haram da pila aey
Correct. Nice to see so many punjabis here....Punjabi's rule
Fall seven times, stand up Eight! #GGMU
  • #569,455
  • Dec 2, 2011 1:10pm Dec 2, 2011 1:10pm
I hedged and traded multiple timeframes (both long and short simultaneously) all this week. Not always do I hedge or trade in that manner but it is a useful tool. Some people are not able to multitask or think beyond a single plane/dimension.

Having said that though, if you cant trade without hedging...dont even bother trying to hedge your positions because you will lose it all.
  • #569,456
  • Dec 2, 2011 1:10pm Dec 2, 2011 1:10pm
Quoting samdani786
S 3490 SL 3500

Still Holding

The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #569,457
  • Dec 2, 2011 1:19pm Dec 2, 2011 1:19pm
Quoting Chicky
But what's the use of that banana peel?


http://0.tqn.com/d/politicalhumor/1/...gandhi-ftw.jpg
UUmmm ..You smoke em, of couse....
  • #569,458
  • Dec 2, 2011 1:24pm Dec 2, 2011 1:24pm
Anyone interested in watching a really funny show should tune into CNBC at 5 pm for currency trading, the clowns, I mean currency experts give you their calls and take on the currency market. lol
Yay! Pips for everyone!
  • #569,459
  • Dec 2, 2011 1:27pm Dec 2, 2011 1:27pm
Maybe right before "Then You Win", Should be "Then They Give You a Banana"

Quoting Chillypiper
UUmmm ..You smoke em, of couse....
It's easy to be humbled but hard to be humble.
  • #569,460
  • Dec 2, 2011 1:30pm Dec 2, 2011 1:30pm
Quoting subhanwaheed
HELLO GUYS , I have something Important to say ... I have been reading this Thread for far too Long now And I gotta say , there are some people With Knowledge here .... Don't Think I am New to forex because my posts are less ...... I am NOT


[color=Red][font=Arial Black][size=4]I SEE THERE IS A CONFLICT GOING ON IN BETWEEN PEOPLE IN FAVOR OF TECHNICAL AND IN FAVOR OF FUNDAMENTAL ....

[color=Plum][color=Black][size=5]I SAY LETS START A WAR[size=4]

I AM A TECHNICAL GUY , AND I...



Hi Muppet, up for the poling stick I see, sounds good.

BTW you might want to Brush up on reading comprehension, what i have seen Cloggie say is the , currently the price is news driven, see this week for example. He also says (a lot) that he looks for situations when the news aligns with the technical.

IOW you are setting up a straw man, enjoy the poling stick Muppet.
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