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EURUSD

  • #623,801
  • Apr 11, 2012 3:13pm Apr 11, 2012 3:13pm
Quoting naser_mohamm
Plz follow Sensual Trading !
See it clearly !
What a simple and a clear chart!!!!!!!!!
  • #623,802
  • Apr 11, 2012 3:17pm Apr 11, 2012 3:17pm
Quoting ZZnOB
Now everything is clear! Thanks for the explanation.
You're welcome!

It is the opposit of what most losing trades do (hedging loses). Most beginners will freeze their -100 Pips form 1 Lot short with 1 Lot long. No matter how price moves they will always have that loss and when you close one the the other one loses even more and you try to hedge it again which will never work.
  • #623,803
  • Apr 11, 2012 3:54pm Apr 11, 2012 3:54pm
Quoting Frank76
Well if I have a Short position at 1.3400 and price goes down to 1.3300 that's a 100 Pips profit for my short position. Now if I buy @1.3300 and prices goes up 1.3350 my long position is 50 Pips in Profit and my short position from 1.34 is 50 Pips in profit. If price goes down below 1.33 it stops me out with Break Even i lose nothing and my short position would start making money with every new low. If it goes up it is basically the same thing. Worst thing that could happen is that it stops one side out and than goes all the way back to the other...
There is also the other side of the coin:

-Case 1: the price does go back to 1.34 after it hits 1.33 (very likely i'd say) and you only get 100 pips profit when you could of closed at +100 short and opened long for more profit
-Case 2: it goes down past 1.33 ---> you only get 100 pips. Yes you can say you'll close it when the direction is clear...but just after you close it you can get a reversal

And I could keep going. I wouldn't say that hedging gives an advantage (considering the spread too); if you can predict (or better put have an edge) where the price is going...you'll make profit regardless, more so if you are not hedging.
  • #623,804
  • Edited 4:33pm Apr 11, 2012 4:02pm | Edited 4:33pm
Quoting Frank76
You're welcome!

It is the opposit of what most losing trades do (hedging loses). Most beginners will freeze their -100 Pips form 1 Lot short with 1 Lot long. No matter how price moves they will always have that loss and when you close one the the other one loses even more and you try to hedge it again which will never work.
Hedging itself is neither an edge nor a trading method. However it's a tool used by longer term traders, mainly to keep track of and manage several small trades. Hedging is good for traders seeking moderate return on equity and can wait months before they book their profits. If a hedge trader gets greedy, soon runs out of capital to hedge trades.
The Thief of Wall Street
  • #623,805
  • Apr 11, 2012 4:29pm Apr 11, 2012 4:29pm
Megedroid seems to really think its time to short. It shorted 5 lots from 3111. Waiting to see if its correct.
  • #623,806
  • Apr 11, 2012 4:29pm Apr 11, 2012 4:29pm
Quoting Razvan
There is also the other side of the coin:

-Case 1: the price does go back to 1.34 after it hits 1.33 (very likely i'd say) and you only get 100 pips profit when you could of closed at +100 short and opened long for more profit
-Case 2: it goes down past 1.33 ---> you only get 100 pips. Yes you can say you'll close it when the direction is clear...but just after you close it you can get a reversal

And I could keep going. I wouldn't say that hedging gives an advantage (considering the spread too); if you can predict (or better put have an edge)...
LOL.

No matter what you do, this market will take you if your positions are ALWAYS not small.

http://farm3.static.flickr.com/2244/...edf1c6eae5.jpg
The Thief of Wall Street
  • #623,807
  • Apr 11, 2012 4:35pm Apr 11, 2012 4:35pm
Preliminary "ROLLOVER CLOSE SURVEY" ...


TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:


2012-04-11_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-15 # A68


This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

(UPDATE 23h00 CET) Ausblick:

This is what we have got to work with for the trading sessions ahead and the period remaining until the end of Thursday & Week No. 15 ...

Text and preliminary strategies as shown in the TABLE further hints will be (maybe) mentioned later ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #623,808
  • Apr 11, 2012 4:51pm Apr 11, 2012 4:51pm
Quoting Patternz
Megedroid seems to really think its time to short. It shorted 5 lots from 3111. Waiting to see if its correct.
demo or live lots?
  • #623,809
  • Apr 11, 2012 4:58pm Apr 11, 2012 4:58pm
just closed my shorts, not sure anymore
  • #623,810
  • Apr 11, 2012 5:03pm Apr 11, 2012 5:03pm
Thinking about going short now guys... I see there may be a reversal on fib 38.2%. Any thoughts?
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  • #623,811
  • Apr 11, 2012 5:03pm Apr 11, 2012 5:03pm
Quoting Razvan
demo or live lots?
Look! This is last time I am going to tell you this. Nobody, I repeat, No fuckin body here trades demo and all lots reported on this thread are standard lots ($10 per pip). One more thing, no body loses here.
The Thief of Wall Street
  • #623,812
  • Apr 11, 2012 5:04pm Apr 11, 2012 5:04pm
Quoting Julexo
Show you wer my little zone for TG
yeah, pa and volume suggesting bulls are coming, just closed my short
  • #623,813
  • Apr 11, 2012 5:06pm Apr 11, 2012 5:06pm
Quoting Chicky
Look! This is last time I am going to tell you this. Nobody, I repeat, No fuckin body here trades demo and all lots reported on this thread are standard lots ($10 per pip). One more thing, no body loses here.
hahahaha, sure thing!
  • #623,814
  • Apr 11, 2012 5:09pm Apr 11, 2012 5:09pm
Quoting JosV
Thinking about going short now guys... I see there may be a reversal on fib 38.2%. Any thoughts?
I just got home from work, with my short from 1.3140 still going. And with price at the DP right now, I'll have to look over the charts before I decide what to do. GL
Time turns trend. - W.D. Gann
  • #623,815
  • Apr 11, 2012 5:14pm Apr 11, 2012 5:14pm
Quoting Razvan
demo or live lots?
Live. My free bot just opened a short now at 3110 also.
  • #623,816
  • Apr 11, 2012 5:18pm Apr 11, 2012 5:18pm
Quoting Razvan
And I could keep going. I wouldn't say that hedging gives an advantage (considering the spread too); if you can predict (or better put have an edge) where the price is going...you'll make profit regardless, more so if you are not hedging.
Yep. That's what I did last night. Went long, that trade closed in profit while sleeping. Then had a sell limit above that. Got stopped out. Had a sell stop below my buy, in case that one got stopped out. But it never triggered. Then when I woke up this morning, I went short, and am still in it.
Time turns trend. - W.D. Gann
  • #623,817
  • Apr 11, 2012 5:19pm Apr 11, 2012 5:19pm
Quoting Chicky
Look! This is last time I am going to tell you this. Nobody, I repeat, No fuckin body here trades demo and all lots reported on this thread are standard lots ($10 per pip). One more thing, no body loses here.

Quoting Patternz
Live.

Undoubtedly. This is why this thread is the greatest. Ever. Any news on guiness yet?
  • #623,818
  • Apr 11, 2012 5:20pm Apr 11, 2012 5:20pm
Quoting Chicky
Look! This is last time I am going to tell you this. Nobody, I repeat, No fuckin body here trades demo and all lots reported on this thread are standard lots ($10 per pip). One more thing, no body loses here.
A slight addition would be that if in the rare case that no profits are booked, the traders always have the chance to get out at BE
New voice message: Why are you calling me? If I need you, I'll call you!
  • #623,819
  • Apr 11, 2012 5:28pm Apr 11, 2012 5:28pm
Quoting Patternz
Live. My free bot just opened a short now at 3110 also.
I googled your bot...here is what I found:


"April 11th, 2012 update:
11,356.01% NET Profit since January 1st, 2009 (1196 days)
(NOTE: Scroll Down For Updated, Trade By Trade Results)

AFTER 21 YEARS:
WE FINALLY SETTLED THE SCORE

“Forex Megadroid™ Indisputably Proves A
Robot Can Trade With 95.82% Accuracy In
EVERY SINGLE Market Condition And
Quadruple Every Single Dollar YOU Deposit”

IMPORTANT: EVERY SINGLE MARKET CONDITION:"



EVERY SINGLE MARKET CONDITION, sounds great!

I'll open some shorts too. About 20, standard lots. Live.
  • #623,820
  • Apr 11, 2012 5:30pm Apr 11, 2012 5:30pm
Quoting KillerWhale
A slight addition would be that if in the rare case that no profits are booked, the traders always have the chance to get out at BE
"In options trading, losing is part of winning.", if you can't take the pain you can't take the gain!
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