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  • #825,761
  • Aug 14, 2013 11:29pm Aug 14, 2013 11:29pm
Quoting tpsl.zero
{quote} I may understand so called hedging when you have position on higher TF and scalping on lower in different direction or even same, but what you are suggesting here is not trading - just admit your trade is bad and close it, why play with diff. volumes close little by little if you can just close and wait for oportunity to do it right (less time and more profitable)
You are 100% correct if one is looking at "Hedging" (Contra-Trade) in a superficial way. There is a lot more to this tactic but many never tried to explore because to them contra-trades are nothing more than postponing loss recognition. Contra-trading is far more deeper a subject than many believe.
The Thief of Wall Street
  • #825,762
  • Aug 14, 2013 11:30pm Aug 14, 2013 11:30pm
Quoting KillerWhale
{quote} Do you really believe in back testing? Amazing!

You made me think of a song................Do you believe in magic......

Inserted Video
<----------------- Old Original Version

Inserted Video
<--------------------- New Sexy Version

Good night...

Faller
I don't trust any move - when you have profit...take it.
  • #825,763
  • Aug 14, 2013 11:32pm Aug 14, 2013 11:32pm
I use Alexander Elder technique to day trade the Asian session.

"Like a Boss"
  • #825,764
  • Aug 14, 2013 11:32pm Aug 14, 2013 11:32pm
Quoting Chicky
{quote} You are 100% correct if one is looking at "Hedging" (Contra-Trade) in a superficial way. There is a lot more to this tactic but many never tried to explore because to them contra-trades are nothing more than postponing loss recognition. Contra-trading is far more deeper a subject than many believe.
Thank-you Chicky... I can bet they also read all the wrong trading books..
  • #825,765
  • Aug 14, 2013 11:34pm Aug 14, 2013 11:34pm
Nikkie dancing , 1- 1/2 h left
Attached Image (click to enlarge)
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Mohan
  • #825,766
  • Aug 14, 2013 11:35pm Aug 14, 2013 11:35pm
took 7 pips on that earlier short... seems the back test is doing something here.. will re enter if it drops below..
  • #825,767
  • Aug 14, 2013 11:36pm Aug 14, 2013 11:36pm
Oh I trade eur/usd, in Asia session and avoid important economic data releases.
  • #825,768
  • Aug 14, 2013 11:39pm Aug 14, 2013 11:39pm
either another better short or it keeps going... all good for me... any more comments?

edit: if it drops back below I have 7 pips to spare to figure out if that's a fake or not.. and resume my short..
  • #825,769
  • Aug 14, 2013 11:39pm Aug 14, 2013 11:39pm
Quoting Faller
{quote} You made me think of a song................Do you believe in magic...... https://www.youtube.com/watch?v=eaqRwFyoGgQ <----------------- Old Original Version https://www.youtube.com/watch?v=TRfSbtCFKQ4 <--------------------- New Sexy Version Good night... Faller
You made me think of this song

Inserted Video
The Thief of Wall Street
  • #825,770
  • Aug 14, 2013 11:43pm Aug 14, 2013 11:43pm
it's freaking midnight here.. later..

btw, next move should be after midnight..
  • #825,771
  • Aug 14, 2013 11:44pm Aug 14, 2013 11:44pm
Quoting hadox
{quote} bears did protect 1.328x for now, first potential level could be 1.314x - then 1.306x and a final target at the bottom of the range at 1.282x - as always nothing is sure though, but the RR is very good.. cable obviously didn't test 1.538x/1.534x - the week is still young , so gotta wait.. let's see what happens.. gl trading
the bears managed to protect the 1.328x, the fact that we close as an insidebar - pretty much suggested that stops should be tightened..

it happens a lot of times, the setup is there, the rr is there but then the PA pretty much fail to confirm the setup.. it's a good thing to have the if-then-if scenario, it helps you understand what actually happens with the PA..

at any rate, not much to do for me, the insidebar pretty much ended my week in the euro.. cable just keeps choppin around, still waiting for the same area to be tested..

it's pretty much a period where the patience is being tested constantly.. but again, the smart ones says good trading is boring trading..

enjoy the rest of the week

Inserted Video
Patience is a virtue...
  • #825,772
  • Aug 14, 2013 11:45pm Aug 14, 2013 11:45pm
Quoting Chicky
{quote} You are 100% correct if one is looking at "Hedging" (Contra-Trade) in a superficial way. There is a lot more to this tactic but many never tried to explore because to them contra-trades are nothing more than postponing loss recognition. Contra-trading is far more deeper a subject than many believe.
hi chicky,

you fill a pot 5 gallon water and pour it out 2 gallon water, no matter how you tell people what happened to the pot, the pot has 3 gallon water left.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #825,773
  • Aug 14, 2013 11:49pm Aug 14, 2013 11:49pm
Quoting ffleo
{quote} hi chicky, you fill a pot 5 gallon water and pour it out 2 gallon water, no matter how you tell people what happened to the pot, the pot has 3 gallon water left.
you can take the pot to a mountain high level, it has 3 gallon water in it. you can also take the pot to a subway and leave it on a train seat, it still has 3 gallon water in it.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #825,774
  • Aug 14, 2013 11:51pm Aug 14, 2013 11:51pm
Quoting gatorinla
{quote} i dont know. 3315 was what i preferred, twice.

Man your controlling the market or what ? Awesome . woke up with a smile .green pips .good day people
  • #825,775
  • Aug 14, 2013 11:52pm Aug 14, 2013 11:52pm
Quoting ffleo
{quote} hi chicky, you fill a pot 5 gallon water and pour it out 2 gallon water, no matter how you tell people what happened to the pot, the pot has 3 gallon water left.
But if u have poured the 2 gallon in a safe container u still have all the 5 gallons
A good trader follows his rules, but great trader knows when to break them
  • #825,776
  • Aug 14, 2013 11:52pm Aug 14, 2013 11:52pm
Quoting ffleo
{quote} you can take the pot to a mountain high level, it has 3 gallon water in it. you can also take the pot to a subway and leave it on a train seat, it still has 3 gallon water in it.
you really don't want to understand.... it's all a shell game.. you can look at it whichever way you want, and try to take the trader out of the equation... you can't... the only thing that matters is WHAT YOU DO.. that's it..
  • #825,777
  • Aug 14, 2013 11:56pm Aug 14, 2013 11:56pm
Quoting ffleo
{quote} hi chicky, you fill a pot 5 gallon water and pour it out 2 gallon water, no matter how you tell people what happened to the pot, the pot has 3 gallon water left.
It seems you didn't read my post very carefully. There is much to hedging.
The Thief of Wall Street
  • #825,778
  • Aug 14, 2013 11:58pm Aug 14, 2013 11:58pm
Quoting Chicky
{quote} It seems you didn't read my post very carefully. There is much to hedging.
you hedge with a different instrument. or even better hedge with options.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #825,779
  • Aug 14, 2013 11:58pm Aug 14, 2013 11:58pm
Quoting Chicky
{quote} It seems you didn't read my post very carefully. There is much to hedging.
no surprise the government banned it.. wonder why...
  • #825,780
  • Aug 15, 2013 12:00am Aug 15, 2013 12:00am
TL might break, from how it sits on it.. watching it before I crash..
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