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  • #1,113,621
  • May 31, 2017 2:52am May 31, 2017 2:52am
Quoting Arx
{quote} Pardon my ignorance, but why hedge? Doesn't that mean that you are essentially paying a broker 2x spread to hold the loss? :/
Totally agree with you. Very good point.

Hedging = Closing Trade*

*But with one benefit: You can hide your losses inside your trade history. (Especially commercial members and "pro" traders who have to convince "novice" but rich customers make use of it. It is an illusion, nothing more. Those rich customers have the money but generally they care too much to see only green trading history to be able to trust the trader and let them manage their money.)

Stay Green
Focus only on what truly matters!
  • #1,113,622
  • May 31, 2017 2:52am May 31, 2017 2:52am
Quoting TudorIoan
{quote} Maybe is time to ...sell Just saying {image}
no d top yet at least 1.1205 or so if not 1.1234/49 , ok for 1172 perhaps though . lets see how it develops . fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,113,623
  • May 31, 2017 3:01am May 31, 2017 3:01am
Quoting fontu
{quote} no d top yet at least 1.1205 or so if not 1.1234/49 , ok for 1172 perhaps though . lets see how it develops . fontu
- Ok, technicals say the TL can hold (down)
- Fundamentals say that EUR can hold against the USD bull... (up)

Right, let's see..!
Member
  • #1,113,624
  • May 31, 2017 3:02am May 31, 2017 3:02am
Quoting Ata-Turkoglu
{quote} Totally agree with you. Very good point. Hedging = Closing Trade* *But with one benefit: You can hide your losses inside your trade history. (Especially commercial members and "pro" traders who have to convince "novice" but rich customers make use of it. It is an illusion, nothing more. Those rich customers have the money but generally they care too much to see only green trading history to be able to trust the trader and let them manage their money.) Stay Green

Sorry mate. Not exactly.
I regard you as a very experienced trader and I have to admit I am surprised by this comment of yours. Besides, I am not a commercial trader and I do not have rich customers that I need to convince. I just answered a question somebody asked me and I am happy to share my way of trading, though I do not push anyone to trade my way.

For anyone who wants to know what hedging is and now it works, please find information on internet. It needs skils that I do not have, but I manage to keep my account from beeing blown away and it helps me make a good profit. That's all :-)

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,113,625
  • May 31, 2017 3:02am May 31, 2017 3:02am
An example of hedging with a correlated market.

The blue line is highly correlated to EU.
At the first red arrow there is a nice divergence between the two markets so you sell EU and buy the blue line.
The come together making it a double alpha. You make money on selling EU and make money on buying the blue line and exit in the red box

Second arrow the same story but this time EU goes up so you make a loss on that however you make a profit on the blue line.
Later EU retraces so that loss is paired but you still have your gains on the blue line.
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Boxing clever since 76.
  • #1,113,626
  • May 31, 2017 3:04am May 31, 2017 3:04am
Quoting NotAtrader
{quote} Sorry mate. Not exactly. I regard you as a very experienced trader and I have to admit I am surprised by this comment of yours. Besides, I am not a commercial trader and I do not have rich customers that I need to convince. I just answered a question somebody asked me and I am happy to share my way of trading, though I do not push anyone to trade my way. For anyone who wants to know what hedging is and now it works, please find information on internet. It needs skils that I do not have, but I manage to keep my account from beeing blown away...
From the Quran: "Those who know and those who don't are not the same!", therefore let's agree to disagree mate.. Wishing you good luck with your hedgings..

Stay Green
Focus only on what truly matters!
  • #1,113,627
  • May 31, 2017 3:04am May 31, 2017 3:04am
Quoting Ata-Turkoglu
{quote} Totally agree with you. Very good point. Hedging = Closing Trade* *But with one benefit: You can hide your losses inside your trade history. (Especially commercial members and "pro" traders who have to convince "novice" but rich customers make use of it. It is an illusion, nothing more. Those rich customers have the money but generally they care too much to see only green trading history to be able to trust the trader and let them manage their money.) Stay Green
+1

Hedging causes miseries. Believe me I know! First you hedge while you are in 20 pips loss that then becomes 40-60-100.. It almost never ends well. My biggest fuck ups happen to be due to hedging, stuck in a trade much longer than I should.

You will lose scope and forget what your initial plan was when you first took the trade after a while which is one of the biggest failures while trading a leveraged instrument.

Everyday is a new day here, things/conditions change sometimes in a few minutes. If a trade is wrong and you are sure you have set a sufficient stop loss level, just close it and move on to the next trade. You need a fresh mind to be profitable on a continuous basis in this game.
  • #1,113,628
  • May 31, 2017 3:09am May 31, 2017 3:09am
Quoting Connors
{quote} +1 Hedging causes miseries. Believe me I know! First you hedge while you are in 20 pips loss that then becomes 40-60-100.. Everyday is a new day here, things/conditions change sometimes in a few minutes. If a trade is wrong and you are sure you have set a sufficient stop loss level, just close it and move on to the next trade....
Can't agree more brother.. well said..

Stay Green
Focus only on what truly matters!
  • #1,113,629
  • May 31, 2017 3:09am May 31, 2017 3:09am
Quoting Ata-Turkoglu
{quote} From the Quran: "Those who know and those who don't are not the same!", therefore let's agree to disagree mate.. Wishing you good luck with your hedgings.. Stay Green
That's fine with me.
Anyways, we share ideas and experiences, though we do not need to follow each other.
Said that, I highly respect your contribution mate.

Cheers and keep up the good job
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,113,630
  • May 31, 2017 3:12am May 31, 2017 3:12am
Quoting NotAtrader
{quote} That's fine with me. Anyways, we share ideas and experiences, though we do need to follow each other. Said that, I highly respect your contribution mate. Cheers and keep up the good job
You are a good soul.. thank you.. in the end kindness and tolerance should always be above all..

Stay Green
Focus only on what truly matters!
  • #1,113,631
  • May 31, 2017 3:22am May 31, 2017 3:22am
Hope for a inside bar break to the down side.
Best of luck to all.
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If it can happen and it is bad for you, then it will happen...
  • #1,113,632
  • May 31, 2017 3:23am May 31, 2017 3:23am
Quoting Ata-Turkoglu
{quote} You are a good soul.. thank you.. in the end kindness and tolerance should always be above all.. Stay Green
Thaks buddy.
just a small small correction to my previous post........... I typed "though we need to follow each other" .......... Please read "though we do not need to follow each other"

Trade smart...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,113,633
  • May 31, 2017 3:28am May 31, 2017 3:28am
ugly shitty morning once again
  • #1,113,634
  • May 31, 2017 3:36am May 31, 2017 3:36am
Lowest reading since 1990.
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  • #1,113,635
  • May 31, 2017 3:37am May 31, 2017 3:37am
Quoting Connors
{quote} Not, believe me. I am talking from my own experience. Hedging is a significant risk while trading forex on leverage. I can PM you a few good examples why I believe that you should avoid it if you want to hear but do not be defensive mate.
No buddy, I am not deffensive. I appreciate every good contribution.
You may be right, as anyone else saying that hedgning is a risk and I agree with that. But hey... thell me - what about trading is not a risk?! :-)

I am not hedging all the time and I prefer not to hedge. But I just have to do it sometimes because I trade so agressively and I often expose my account to BIG risks. So far I am happy and lucky and it gives me big profits. I hope I am not going to lose BIG TIME somewhere in the future because of that.

My wife always quarrels me because of the way I trade. I probably need to listen more and take the warnings seriously :-)

Cheers...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,113,636
  • May 31, 2017 3:37am May 31, 2017 3:37am
Quoting Connors
{quote} Not, believe me. I am talking from my own experience. Hedging is a significant risk while trading forex on leverage. I can PM you a few good examples why I believe that you should avoid it if you want to hear but do not be defensive mate.
Hedging, Martingailing,Stoploss........Of the three, stoploss is the easiest to do,heart-ache-free cos it means you still have cash left to trade and recover from losses.The others require more brain work and could leave you confused and messy and eventually with decimated account if you don't know how to go about it. Its an ideal thing to use Stoploss. I will group the other two as out of the box trading which work for some and doesn't for others....

plenty pips to all
Follow the Flow and Grow
  • #1,113,637
  • Edited 10:10am May 31, 2017 3:37am | Edited 10:10am
And...... I've switched back to my original view of gold after a re count I'm bear on this pair. Again rejection of 1264 here needs to hold for further downside.
I'm long AUS DOLL AND Short gold. Cant pick up any others atm.
Eur 0900 0850 if we can smash 1125
GBP Looking for 1.12500 from 1.12830 If it can break the current low 2774 (wrote this post before bed, GBP Has moved up to and rejected 12830 this morning..)


For the first time ever we used Elliott guideline that wave five = wave 1 x 1.618to find the upper target
= EPIC FAIL! Edit: She's goin up...

If they hold and move up then, it can achieve the Elliott targets but it all counts like it's got more to go down..
I got the wake up call last night when the ass fell out of GBP

Edit: GBP put on a new low, we're still holding levels for bull scenario wave counts look complete down for GBP and EUR

Time to Hedge Lol
Founder of Sutherland Wave Principle
  • #1,113,638
  • May 31, 2017 3:45am May 31, 2017 3:45am
Note - Hedging is not buying or selling the same instrument once you are in a loss.

EG You buy EURUSD and it goes against you so you sell EURUSD and keep your original position on your books.

This is not hedging. This is locking in your loss and paying up for.
Boxing clever since 76.
  • #1,113,639
  • May 31, 2017 3:59am May 31, 2017 3:59am
Quoting FlowCycler
{quote} Hedging, Martingailing,Stoploss........Of the three, stoploss is the easiest to do,heart-ache-free cos it means you still have cash left to trade and recover from losses.The others require more brain work and could leave you confused and messy and eventually with decimated account if you don't know how to go about it. Its an ideal thing to use Stoploss. I will group the other two as out of the box trading which work for some and doesn't for others.... plenty pips to all
You will never find a good example where Martingale is ever a good idea. It's a total disaster. Hedging sounds really bad to me as well but i guess some can make it work. Don't get how you place having a stop loss with the other two...having a stop is just common sense.
  • #1,113,640
  • May 31, 2017 4:18am May 31, 2017 4:18am
Quoting FlowCycler
{quote} Hedging, Martingailing,Stoploss........Of the three, stoploss is the easiest to do,heart-ache-free cos it means you still have cash left to trade and recover from losses.The others require more brain work and could leave you confused and messy and eventually with decimated account if you don't know how to go about it. Its an ideal thing to use Stoploss. I will group the other two as out of the box trading which work for some and doesn't for others.... plenty pips to all
Excellent post mate, it says it all, everyone should trade the way that suits their best, is style, is personality, the amount in the account and all the other variables.

Notatrader makes money form hedging, I also profit from hedging strategies, as well as big fund also do it. It doesn't matter who is right or wrong, what matters is to make money.

There is no such thing as perfect way to trade..we are here to share our views and knowledge...good luck to all.
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