143 900 would be perfect for a sell position following Asia.
Cable Update (GBPUSD)
- #422,622
- Jan 26, 2016 3:08pm Jan 26, 2016 3:08pm
- | Joined Aug 2015 | Status: Playing. | 1,018 Posts
Focus.
- #422,625
- Jan 26, 2016 5:04pm Jan 26, 2016 5:04pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #422,626
- Jan 27, 2016 12:44am Jan 27, 2016 12:44am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #422,627
- Jan 27, 2016 12:45am Jan 27, 2016 12:45am
{quote} Hi Charith Would you mind going through or pointing me in the direction of a write up of using hedging effectively. I've often considered it when positions are sinking but I always imagine I'll just end up with 2 positions fighting against each other. Thanks for your time if you can spare it. M
Well, I can't recall of a good source, it's been some years since I was learning. But I was mostly listening to lectures by various people while I was learning it.
Yes, that can happen, you may end up with 2 positions with negatives. It happen all the time when you first started hedging. But with couple of years experience you will learn to use it for better, than worst.
Use hedging only if you are not using tight SL, like 20-30 pips. If your trading strategy involve holding to positions for some time, allowing them to go deep into negatives before turning back, you may use hedging. You must place your hedging away form support and resistance levels, or it may hit and go into negatives immediately. If that happens you should consider closing it with a small loss, like with 10 to 20 pips loss. Try to place your hedging in levels you think will easily penetrate. When the hedging is in profit you can keep stop at entry or book profit from it when you analyze that the market may return. You must have enough capital to give it some room after you close a hedge. If you have tight capital hedging will do more harm than good.
Hedging is a two sided knife, you will cut yourself often when you first use it. But in the long run you will learn to book profit either-way.
They say you don't know how to trade if you are hedging, I don't care if I don't know how to trade, if I can still make decent cash by hedging
I'm no expert in this, but I can use it with my trading style effectively, let me know if I can help you further
... I'm not crazy, just Paranoid ...
- #422,628
- Jan 27, 2016 12:50am Jan 27, 2016 12:50am
- | Joined Aug 2015 | Status: Playing. | 1,018 Posts
Focus.
- #422,629
- Jan 27, 2016 1:01am Jan 27, 2016 1:01am
- | Joined Aug 2015 | Status: Playing. | 1,018 Posts
Focus.
- #422,632
- Jan 27, 2016 1:35am Jan 27, 2016 1:35am
- | Joined Aug 2015 | Status: Playing. | 1,018 Posts
Focus.
- #422,634
- Jan 27, 2016 1:48am Jan 27, 2016 1:48am
- | Joined Aug 2015 | Status: Playing. | 1,018 Posts
Focus.
- #422,635
- Jan 27, 2016 2:05am Jan 27, 2016 2:05am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Sounds like a plan, but where did you get 4312? {image}
- #422,636
- Jan 27, 2016 2:20am Jan 27, 2016 2:20am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #422,638
- Jan 27, 2016 4:00am Jan 27, 2016 4:00am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{image} watching now could see that tl ??
