price will shoot down or up @ 50 , unless someone wants it up , we dont know .
- #608,545
- Mar 13, 2012 11:26am Mar 13, 2012 11:26am
When I see a valid direction, I can close lossy position and ride with winning.
And it is a trap for cheating broker! Incredible idea, don't you think?
If you open both short and long at the same price with the same volume your profit/loss isn't moving but this only belongs if you wouldn't have a spread. But I'm quite sure you have a spread so basically you pay 2x your Spread, and eliminating every possibility to make profit because you trade against you. So basically you go to your broker, paying him 2 times the spread and walking away. When you think the market goes a "valid direction" you walk back and open a trade in your "valid direction". Then if you THINK to see a valid direction you close your loosing trade.
What if the direction wasn't right? Also this is totally stupid because why you just don't enter when you see a valid direction and pay 1x the spread?
Also this isn't hedging you should really check out what this really means... if you hedge right you make profit with "both" trades.
Warning: Greenhorn 
Don't get greedy and stick to your strategy
Don't get greedy and stick to your strategy- #608,546
- Mar 13, 2012 11:27am Mar 13, 2012 11:27am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
"If past history was all there was to the game, the richest people would be librarians."
Trade responsiblypatience is the key/Swing trader
- #608,550
- Mar 13, 2012 11:32am Mar 13, 2012 11:32am
- | Joined May 2010 | Status: Trader | 2,442 Posts
open one short one long , both TP at 100 , if one TPed , set the other postion SL + 100 , unless price goes 200pipps in a single direction u get to keep some profits, so let us know the results of your experientment
"If past history was all there was to the game, the richest people would be librarians."
- #608,551
- Mar 13, 2012 11:33am Mar 13, 2012 11:33am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
- #608,553
- Mar 13, 2012 11:36am Mar 13, 2012 11:36am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
- #608,554
- Mar 13, 2012 11:38am Mar 13, 2012 11:38am
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
patience 
When life gives you lemons, make lemonade
- #608,556
- Mar 13, 2012 11:39am Mar 13, 2012 11:39am
- | Joined May 2010 | Status: Trader | 2,442 Posts
grrrrr, i hate waiting...
patience
- #608,557
- Mar 13, 2012 11:41am Mar 13, 2012 11:41am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #608,558
- Mar 13, 2012 11:42am Mar 13, 2012 11:42am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
- #608,559
- Mar 13, 2012 11:42am Mar 13, 2012 11:42am
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
When life gives you lemons, make lemonade
- #608,560
- Mar 13, 2012 11:43am Mar 13, 2012 11:43am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader