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EURUSD

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#854,461
Nov 19, 2013 4:41pm Nov 19, 2013 4:41pm

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting ffleo

Disliked

{quote} So the leverage will cancel?

Ignored

yes

#854,462
Nov 19, 2013 4:42pm Nov 19, 2013 4:42pm

Baggi
| Joined Sep 2013 | Status: Trader | 786 Posts

I don't get how you're making a killing by holding both long and short positions.

Just about every pair goes up sometimes and down sometimes, but you don't automatically make a killing just because you are long and short. You break exactly even for as long as you hold both positions. That's perhaps where the math comment comes in?

It's only when you sell your long and your short when you actually make any money. And you'd have to be good enough to sell your short when it's down and your long when it's up.

But that's what we're all trying to do, right?

#854,463
Nov 19, 2013 4:44pm Nov 19, 2013 4:44pm

ffleo
| Membership Revoked | Joined May 2013 | 7,946 Posts

Quoting attila

Disliked

{quote} yes

Ignored

i guess the way you do it is to try to mange P/L for each trade separately.

I just close part of my positions and take notes where I get in and out to manage overall P/L

ignore wackos and psychos, including myself. But I can't add myself to iggy

#854,464
Nov 19, 2013 4:48pm Nov 19, 2013 4:48pm

BeginnerJoe
| Joined Nov 2013 | Status: Trader | 617 Posts

Quoting ffleo

Disliked

{quote} just close part of your existing positions. that is where math comes in. elementary math. not even college math.

Ignored

I keep them open in my account and I am perfectly happy with them. I don't care what the teacher says.

#854,465
Edited 5:02pm Nov 19, 2013 4:48pm | Edited 5:02pm

ffleo
| Membership Revoked | Joined May 2013 | 7,946 Posts

Quoting Baggi

Disliked

I don't get how you're making a killing by holding both long and short positions. Just about every pair goes up sometimes and down sometimes, but you don't automatically make a killing just because you are long and short. You break exactly even for as long as you hold both positions. That's perhaps where the math comment comes in? It's only when you sell your long and your short when you actually make any money. And you'd have to be good enough to sell your short when it's down and your long when it's up. But that's what we're all trying to do,...

Ignored

That is not the point.
Suppose you have a big short from a higher price and you want to take partial at a lower price, and load it back later at some retracement.
Taking a small long is equivalent to closing part of your big short. Closing your small long is equivalent to reloading it back later after retracement.

I guess it is just different way of managing trades. But it is not hedging.

ignore wackos and psychos, including myself. But I can't add myself to iggy

#854,466
Nov 19, 2013 4:51pm Nov 19, 2013 4:51pm

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting ffleo

Disliked

{quote} i guess the way you do it is to try to mange P/L for each trade separately. I just close part of my positions and take notes where I get in and out to manage overall P/L

Ignored

Conceptually, yes. And each trade has to be viewed as their own entity... Different trade sizes are also customary for this strategy. I see nothing wrong with having a, let's say worst case scenario, daily trade with 100 pips sl, and chase it with intraday scalps the other way.. The trick is to be able to mentally separate them...

#854,467
Nov 19, 2013 5:03pm Nov 19, 2013 5:03pm

BeginnerJoe
| Joined Nov 2013 | Status: Trader | 617 Posts

Quoting Baggi

Disliked

I don't get how you're making a killing by holding both long and short positions. Just about every pair goes up sometimes and down sometimes, but you don't automatically make a killing just because you are long and short. You break exactly even for as long as you hold both positions. That's perhaps where the math comment comes in? It's only when you sell your long and your short when you actually make any money. And you'd have to be good enough to sell your short when it's down and your long when it's up. But that's what we're all trying to do,...

Ignored

You make a killing by having positions. No position means no killing. Positions in both directions means double killing.

#854,468
Nov 19, 2013 5:07pm Nov 19, 2013 5:07pm

JeremyWS
Joined Oct 2010 | Status: Trader | 1,654 Posts

19-Nov-2013 23:06 - BERNANKE SAYS FED REMAINS COMMITTED TO MAINTAINING HIGHLY ACCOMMODATIVE POLICIES FOR AS LONG AS THEY ARE NEEDED
19-Nov-2013 23:06 - BERNANKE: U.S. ECONOMY STILL FAR FROM WHERE WE WOULD LIKE IT TO BE, MAY BE SOME TIME BEFORE FED POLICY RETURNS TO NORMAL
19-Nov-2013 23:06 - BERNANKE SAYS AGREES WITH YELLEN THAT SUREST PATH TO MORE NORMAL MONETARY POLICY IS TO DO ALL WE CAN TO PROMOTE ROBUST RECOVERY
19-Nov-2013 23:06 - BERNANKE: FED STILL EXPECTS LABOR MARKET TO CONTINUE TO IMPROVE, INFLATION TO MOVE TOWARD 2 PCT GOAL OVER MEDIUM TERM
19-Nov-2013 23:06 - BERNANKE: IF THESE VIEWS SUPPORTED BY INCOMING DATA, FED WILL LIKELY BEGIN TO MODERATE PACE OF BOND BUYING
19-Nov-2013 23:06 - BERNANKE REPEATS THAT ASSET PURCHASES NOT ON A PRE-SET COURSE, PACE OF BUYING CONTINGENT ON FED'S ECONOMIC OUTLOOK
19-Nov-2013 23:06 - BERNANKE: IN JUDGING LABOR MARKET OUTLOOK, WILL WEIGH CUMULATIVE PROGRESS SINCE SEPT 2012, PROSPECT FOR CONTINUED GAINS
19-Nov-2013 23:06 - BERNANKE REPEATS THAT FED WILL TAKE EFFICACY AND COSTS OF BOND BUYING PROGRAM INTO ACCOUNT
19-Nov-2013 23:06 - BERNANKE: RATES MAY STAY NEAR ZERO FOR CONSIDERABLE TIME AFTER BOND BUYS END, PERHAPS WELL AFTER UNEMPLOYMENT FALLS BELOW 6.5 PCT
19-Nov-2013 23:06 - BERNANKE: EVEN AFTER UNEMPLOYMENT DROPS UNDER 6.5 PCT, CAN BE PATIENT ON RATE HIKE, SO LONG AS INFLATION WELL BEHAVED
19-Nov-2013 23:06 - BERNANKE: SINCE SEPT MEETING, FINANCIAL MARKETS NOW MORE CONSISTENT WITH FED'S FORWARD GUIDANCE ON RATE HIKES

#854,469
Nov 19, 2013 5:08pm Nov 19, 2013 5:08pm

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Bottom line is this. Hedging (however we define that) or no hedging, is all BS. No matter what you do, if you can't trade no SL in the world, or any hedging strategy for that matter will save you... Hedging done at infinity doesn't work. You still have to cut your losses if it comes to that, just as not knowing how to work your SL will only grind your account to a painful death.. The only advantage of running one trade at a time that I can see is a psychological one, because you can reset your mind after each trade... Other than that, there's nothing really...

#854,470
Nov 19, 2013 5:08pm Nov 19, 2013 5:08pm

Avir
Joined Feb 2012 | Status: Trader | 5,619 Posts

yey that early real ease from Mr ben!!

FX is a Bitc*h!, No one keeps me wake all night but FX does!!

#854,471
Nov 19, 2013 5:15pm Nov 19, 2013 5:15pm

Lottaa
| Additional Username | Joined Oct 2013 | 179 Posts

Quoting Lottaa

Disliked

What do you guys think it will happen on asia session on that low liquidity, with stops just 10 pips away?

Ignored

Took profit. Good game!

#854,472
Nov 19, 2013 5:15pm Nov 19, 2013 5:15pm

mxb
| Joined Jun 2006 | Status: Trader | 241 Posts

what the hell

#854,473
Nov 19, 2013 5:15pm Nov 19, 2013 5:15pm

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

Quoting chazzle

Disliked

EU M15 long scalp here ...

Ignored

out here ...

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#854,474
Nov 19, 2013 5:16pm Nov 19, 2013 5:16pm

happytrader
| Joined Oct 2011 | Status: Trader | 698 Posts

Quoting attila

Disliked

Bottom line is this. Hedging (however we define that) or no hedging, is all BS. No matter what you do, if you can't trade no SL in the world, or any hedging strategy for that matter will save you... Hedging done at infinity doesn't work. You still have to cut your losses if it comes to that, just as not knowing how to work your SL will only grind your account to a painful death.. The only advantage of running one trade at a time that I can see is a psychological one, because you can reset your mind after each trade... Other than that, there's nothing...

Ignored

I totally agree with you. SL is the most important thing in fx trading. Without it, there's no risk management. I've had my fair share of psychological trauma when I trade without SL...

It's almost magical, the moment you enter a trade without a SL. The market will immediate go against your position in ONE STRAIGHT LINE to blow your account....

I lost so much....

#854,475
Nov 19, 2013 5:17pm Nov 19, 2013 5:17pm

Citiboy
Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts

well. shorts got owned but my 1.3552 buy stops made bank. getting short and as we trade higher into 1.3625 maybe

Twitter: @TrendersGame

#854,476
Nov 19, 2013 5:18pm Nov 19, 2013 5:18pm

Avir
Joined Feb 2012 | Status: Trader | 5,619 Posts

Quoting Avir

Disliked

yey that early real ease from Mr ben!!

Ignored

hehehehe, did you guys got fecked?.

FX is a Bitc*h!, No one keeps me wake all night but FX does!!

#854,477
Nov 19, 2013 5:18pm Nov 19, 2013 5:18pm

BeginnerJoe
| Joined Nov 2013 | Status: Trader | 617 Posts

Made a profit on my longs. Even though I am short biased. That's the power of covering all angles. Now I am net short. I don't really see where hedging comes in.

#854,478
Nov 19, 2013 5:18pm Nov 19, 2013 5:18pm