Dislikedused your pic. if you dont mind
correct is this
see HS formation with Aqua cricles
then it breaked Neckline
then it reversed with, which is well known as "Bear Trap"Ignored
and nahhh. I don't mind.
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Dislikedused your pic. if you dont mind
correct is this
see HS formation with Aqua cricles
then it breaked Neckline
then it reversed with, which is well known as "Bear Trap"Ignored
DislikedJust curious in the method you used to depict your H&S circles. Why was my last shoulder wrong steve? Learning here since i am quite junior to forex.
and nahhh. I don't mind.Ignored
Dislikedused your pic. if you dont mind
correct is this
see HS formation with Aqua cricles
then it breaked Neckline
then it reversed with, which is well known as "Bear Trap"Ignored
DislikedYeah, for short term guys it is a bear trap aka pin bar whatever is there but longer term we will see Sunday/ Monday.
BTW, Steve, what did you mean by hedging FX vs. stocks?
I never ever thought of hedging even among related FX pairs. How can you can you hedge FX with stocks?Ignored
Dislikedhow can we HEDGE our trades;
when I am trading EU, first, I should find a instrument that is MAX UNRlated with EU. at least it must not be a currency pair.
eg soybeans, scotcks or what ever it is.
here the logic is depending on trader capacity of trading.
we can trade 2 different unrlated instrument.
at that point due to tading instruments are unrlated they will not effect from each other atleast on min level.
if I am over average trader then it is not very possible to have both trade desecions wrong.
but on the other hand when one fails other...Ignored
DislikedI do not think it will actually hedge your bets. you would just add one more risk.Ignored
Dislikedhe he
actually it is not my invention.
hedge funds in generel uses this systemIgnored
Dislikedbut they do not hedge FX bets with stocks if I am not mistaken. Also, many of them went under or are losing money. Not all of them of course.Ignored
Dislikedthey hedge currency trades with stocks, sometimes yes. personally listen at Bloomberg. more then one hedge fund hedged their EURUSD trades with EU stocks
there can some other uncorolated instruments be found.
loosng money is another topic. there is always a possibility that both sides of hedge were played wrong!!!Ignored
DislikedHedge is in general has a missunderstanding by FX traders.
what Hedge funds do:
think that way.
If I have an airline company I would like make profit from ticket sales ( normally ) but I also dont want to loose money due to fuel costs.
So I go to hedge fund & hedge my fuel costs. means I fix my buying price of plane fuel. now in any condition
- when fuel price goes down
- when fuel price goes up
my fuel spending stay same. & I make money from ticket sales.
& I pay a comission for that to the hedge fund
NOW;
the risk...Ignored
Dislikedwell explained. As for trading, the phrase Hedging is used to express that you try to diversify, not lower your overall risk while trading non-correlating instruments, be it fx-pairs which don't behave similar to your original pair or stocks, gold, real estate or whatever.
If you use that "type" of hedging on stocks for example, it is common that, if you buy a stock, you will go and search for another stock which inerts a valid selling signal.
The thinking behind is actually that, if the overall market situation stays static (which...Ignored
DislikedI will explain my type of hedging
IF I see jpy loosing power to eur and to usd, I will long eur/usd and long usd/jpy
therefore if I loose on eur/usd I will still make up with long vs jpy
and If i'm right double the winnings
If jpy continues to loosing power the scenario of gains is this
BE
Double profitIgnored
DislikedWith the breach of the 2 months support, looks like EURUSD 1.35 will have to wait a bit longer as S/T focus now shifted down to the 1.2900~1.2700 traverse zone..
GBPUSD daily Sell Fractal after another failed test at the 2 month TL.. S/T bias for another probe down to the 1.5950~1.5850 support zone..
EURGBP backing off from .8150 after another rejection.. looking for .79 again..
EURJPY 3rd rejection from weekly TL.. pausing above 103 defying gravity with USDJPY having another go at the L/T TL, another rejection & break below 80 again...Ignored
DislikedWith the breach of the 2 months support, looks like EURUSD 1.35 will have to wait a bit longer as S/T focus now shifted down to the 1.2900~1.2700 traverse zone..
GBPUSD daily Sell Fractal after another failed test at the 2 month TL.. S/T bias for another probe down to the 1.5950~1.5850 support zone..
EURGBP backing off from .8150 after another rejection.. looking for .79 again..
EURJPY 3rd rejection from weekly TL.. pausing above 103 defying gravity with USDJPY having another go at the L/T TL, another rejection & break below 80 again...Ignored
DislikedI'll be checking the charts laterrr too before the market opens, to get on top of the market this week! =] . I wanna make at least 4% again xD
Just posting to say this forum and this Threat iis A-W-E-S-O-M-E . And the people on it too.
I'll try to colaborate with my best opinions, and hopefully will be good.
Good trading week everybody. Let's make some pips!Ignored