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How to rescue a losing position?

  • #181
  • Jan 1, 2013 4:10pm Jan 1, 2013 4:10pm
Quoting hanover
Have you even bothered to read any of the material that's being discussed in this thread?

If you believe that the term 'nedging' is pejorative, then your argument is against merlin, not nubs or me.

Moreover, neither nubs nor I have invented new MMs to sell, LOL. If you want to make those kind of accusations, then at least support them with some evidence. The only product I've been selling is a visual order editor, that operates completely independently of any trading or MM strategy. Get your facts right, my friend, or be prepared to look foolish.

Both...
Sorry Nub's was Trolling on the basis of "nedging" we all assume it's a piss take word of "Hedging" never have I heard of the term or used the term Nedging, I care not in the slightest about Nedging or Hedging for that matter, but have considered hedging in the past, so I suggest Nub's gets his facts right before he starts throwing insults at me.

And yes it's rubbish, totally made up over complicated for no reason nonesense.

And you only officically do as you say above as hanover, but what other ID's / you do on other forums is an entirely different factor.

So firstly are you Pro or Anti Nedging ?? cause "nedging is the same as staying out of the market" and "5 lots minus 3 lots = 2 lots" kinda contradict error in your typing ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #182
  • Jan 1, 2013 4:17pm Jan 1, 2013 4:17pm
Quoting hanover
I see it the same way as you. To whatever extent AUD and CAD outperform GBP, then the position will improve; otherwise, it will worsen. Like nedges, baskets can ultimately be broken down into less complex, net positions.

So I presume I've gained the basic's of Nedging without going on a 20K course, how amazing that.

Anti or Pro Nedging then come on??

I'm a KISS kinda guy so ANTI!! Nedging as a M1 day trader wouldn't really work.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #183
  • Jan 1, 2013 4:31pm Jan 1, 2013 4:31pm
Quoting Turveyd
Sorry Nub's was Trolling on the basis of "nedging" we all assume it's a piss take word of "Hedging" never have I heard of the term or used the term Nedging, I care not in the slightest about Nedging or Hedging for that matter, but have considered hedging in the past, so I suggest Nub's gets his facts right before he starts throwing insults at me.

And yes it's rubbish, totally made up over complicated for no reason nonesense.

And you only officically do as you say above as hanover, but what other ID's / you do on other forums is an entirely...
In a nutshell, I've been saying (ever since I started posting here at FF in 2007) that nedging in itself offers no mathematical benefit over simply staying out of the market. For details, please read my earlier posts in this thread.
  • #184
  • Jan 1, 2013 4:34pm Jan 1, 2013 4:34pm
Quoting hanover
In a nutshell, I've been saying (ever since I started posting here at FF in 2007) that nedging in itself offers no mathematical benefit over simply staying out of the market. For details, please read my earlier posts in this thread.

So we both agree on that and logically and Math's isn't open to subjection, it is a fact so why are you having a go at me and kinda supporting it and trying to explain something which is a waste of time ??

Aim at Nub's don't aim at me, thanks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #185
  • Jan 1, 2013 4:56pm Jan 1, 2013 4:56pm
Quoting Turveyd
So we both agree on that and logically and Math's isn't open to subjection, it is a fact so why are you having a go at me and kinda supporting it and trying to explain something which is a waste of time ??

Aim at Nub's don't aim at me, thanks.
In post #173 it seemed like you were suggesting that I was selling MM systems in the commercial forum. I didn't enjoy being falsely accused.

If I misunderstood, I apologize.

One thing I've learned, is that just because somebody might be wrong about something, doesn't mean that they can't be right about something else. It's dangerous to put one's total faith in a person just because they've been right once, or write them off completely just because they've been wrong once. There are some posters here whom I have the greatest respect for, but I always try to prove their contentions and theories to my own satisfaction before I rush off and include them in my trading 'bible'. Nobody is perfect.
  • #186
  • Jan 1, 2013 5:17pm Jan 1, 2013 5:17pm
Quoting hanover
In post #173 it seemed like you were suggesting that I was selling MM systems in the commercial forum. I didn't enjoy being falsely accused.

If I misunderstood, I apologize.

One thing I've learned, is that just because somebody might be wrong about something, doesn't mean that they can't be right about something else. It's dangerous to put one's total faith in a person just because they've been right once, or write them off completely just because they've been wrong once. There are some posters here whom I have the greatest respect for, but I...
you didn't misunderstand. because i mentioned your name he thought he'd be 'clever' and take a massive crack at you. that's who he is. forever uninformed and failing. if anyone was to send you postal it'll be him. once turveyd starts posting it's time to give-up on a thread.

/thread. i'm done here. turveyd can educate everyone. i mean, just look at his last few posts. apparently i'm the first person, ever, to use the term 'nedging', despite hanover GIVING HIM THE LINK TO YEARS AGO when merlin mentioned it. plenty of people use it all of the time. insanity.

oh, and the cleanup crew are hard at work on the thread. definitely /thread
Congratulations ScalaFX for coming out of the closet!
  • #187
  • Jan 1, 2013 5:19pm Jan 1, 2013 5:19pm
Quoting hanover
In post #173 it seemed like you were suggesting that I was selling MM systems in the commercial forum. I didn't enjoy being falsely accused.

If I misunderstood, I apologize.

One thing I've learned, is that just because somebody might be wrong about something, doesn't mean that they can't be right about something else. It's dangerous to put one's total faith in a person just because they've been right once, or write them off completely just because they've been wrong once. There are some posters here whom I have the greatest respect for, but I...

I apologise to, the commercial member flag is a moving flag to a bull to me to. And the bits I read via phone out looked like scammer related look at this new way of thinking, it's great in the hope of drumming up interest, but if your not a fan then all is well.

Another thing to watch out for is, you merely think they are wrong about something, you ofcourse might be wrong yourself, you should always objectively assess that first.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #188
  • Jan 1, 2013 5:23pm Jan 1, 2013 5:23pm
are you all in agreement that nedging( no one outside of FF) has heard this word before is ridiculous, if you do trade the right way you'll profit minus the non right way and when the trade goes the opposite way you wont lose as much and maybe stay in the trade longer. and this was explained to me earlier by my 9 year old daughter, i will not comment as it isnt worth my time. Happy trading if at all anyone here does. Its good for a laugh though.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #189
  • Jan 1, 2013 6:29pm Jan 1, 2013 6:29pm
Quoting billytt
Dont give out too much info as the nutter will recite verbal shit. i tend to agree with elliot waves being wrong but as in they are not 100% guaranteed but its a simple case of watching the high and low of it happening and thats what i look for and from what i've seen you trade similar way on short time frame. i prob said that wrong but i mean no offense lol
Elliott died a poor man. That says a lot about his theory.
  • #190
  • Jan 1, 2013 6:37pm Jan 1, 2013 6:37pm
Nothing is moving yet in the UK I see!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #191
  • Jan 1, 2013 6:47pm Jan 1, 2013 6:47pm
Quoting Turveyd
Nothing is moving yet in the UK I see!!
it is strange time for anything to move yet. i have noticed we got inside bars on both e/u and g/u for a few days and they both almost topping recent highs but i am not trading yet and the oil is stagnant at present
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #192
  • Jan 1, 2013 6:50pm Jan 1, 2013 6:50pm
Quoting billytt
it is strange time for anything to move yet. i have noticed we got inside bars on both e/u and g/u for a few days and they both almost topping recent highs but i am not trading yet and the oil is stagnant at present
Markets are closed via FXCM here.

I just jump on short term momentum ride it for a bit until it flattens off and repeat, nice and easy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #193
  • Jan 1, 2013 6:59pm Jan 1, 2013 6:59pm
[quote=Turveyd;6332002][quote=billytt;6332000][quote=Turveyd;6331994][quote=billytt;6331976]


I used to Martingale via M1,

i dislike saying martingale but refer to it as M, in normal circumstances M is a synonym for FAILURE but i will up my stakes after a loss sometimes just like the big boys do and i compound which is not the same but i am here to make money not play
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #194
  • Jan 1, 2013 7:01pm Jan 1, 2013 7:01pm
Quoting Turveyd
LOL did he, but others to this day are still trying to pedal his crap LOL

People really are dumb, look around fairly sure Nub's is a Elliot Wave trader and all those other big official I'm real and work things which don't.
If only Mr. Elliott had had access to ForexFactory back in the 1930s, he would have been a millionaire from all the workshops he could have done.
  • #195
  • Jan 1, 2013 7:02pm Jan 1, 2013 7:02pm
[quote=billytt;6332010][quote=Turveyd;6332002][quote=billytt;6332000][quote=Turveyd;6331994]
Quoting billytt


I used to Martingale via M1,

i dislike saying martingale but refer to it as M, in normal circumstances M is a synonym for FAILURE but i will up my stakes after a loss sometimes just like the big boys do and i compound which is not the same but i am here to make money not play

Hey M1 is fine

The safely safely approach is only for people that are losing and want to lose slower I find, go hard or die poor.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #196
  • Jan 1, 2013 7:08pm Jan 1, 2013 7:08pm
Quoting Kanzler
If only Mr. Elliott had had access to ForexFactory back in the 1930s, he would have been a millionaire from all the workshops he could have done.
he probably would of been rich, i think in days pre computor when they used ticker tape messages his wave theory would of worked better than now but like i say it all starts with a high and a low which will get broken
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #197
  • Jan 1, 2013 7:26pm Jan 1, 2013 7:26pm
goodnight all, take care, i'll go see if wife wants to do a bit of nedging lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #198
  • Jan 1, 2013 11:56pm Jan 1, 2013 11:56pm
[quote=Turveyd;6332017][quote=billytt;6332010][quote=Turveyd;6332002][quote=billytt;6332000]
Quoting Turveyd


Hey M1 is fine

The safely safely approach is only for people that are losing and want to lose slower I find, go hard or die poor.
so the 1 min master is back in the game what happened to your 15 min wonder method? I'm a one min wonder just ask my wife LOL.

If the dribble you posted was gold Turveyd you would solve the US debt crisis in one day!
The best indicator is price.
  • #199
  • Jan 2, 2013 4:48am Jan 2, 2013 4:48am
Quoting Indrek
It is absolutely no sense to buy the same GBPJPY in such situation. You have to hedge it with other pairs.
I do not know how big your lot size is for the short GBPJPY but if to assume that it is 1.00 lot then I would buy 0.44 lots of AUDJPY and 0.66 of CADJPY as soon as market opens. Such basket will help you out safely.
By now, around 20 pip out of initial 130 pip loss would be recovered with the suggested basket. Let us see what will happen next and how long will it take to fully rescue the bad trade.
  • #200
  • Jan 2, 2013 5:06am Jan 2, 2013 5:06am
Quoting Indrek
By now, around 20 pip out of initial 130 pip loss would be recovered with the suggested basket. Let us see what will happen next and how long will it take to fully rescue the bad trade.
question as i cannot get my head around this but what happens if this losing trade turns around and then becomes profitable what happens to the 2 hedge trades????. i am here to learn new ways as well as make my living from trading but something doesnt add up. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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