Disliked{quote} Hi Dennis, You've mentioned you never/don't use a stop loss but instead use correlation hedging. Are we going to get into this at all? Otherwise can you recommend further reading/study material. Looking at UJ... would not be a surprise to retest 100.00 and maybe lower to take out a few stops. 99.50 might also be at risk. Any thoughts... ??Ignored
Easiest way to start hedging is start with profits.
Lets say your 50pips up and you want to take profit, dont just hedge the profit with a short. ok so you loose a few pips on the spread. just leave it ans see which side grows by pip value and start adding on one side. Just by doing that you will be at the beginning of understanding the tools. to be continued...managing GU