Current trend still in place — Currently the last trend (short) started at 4-9-07 @ 12:00 (232.82) still looks like its in place. But market is not moving strongly in any direction at this point. My current positions are hedged waiting for the ...

Open-Close Trending with Hedging Discussion Thread

The other open trades mentioned above were taken at 222.11 on 3-6-07 @1:00 gmt, 226.67 @ 3-16-07 13:00, 230.71 on 3-30-07 @14:00 gmt. When I originally considered trading with this method this was a standard concern that I might have a position that ...

Open-Close Trending with Hedging Discussion Thread

I have not tried other pairs, it will work on any pair. You only need to adjust the levels to average daily range of that particular pair. For example the best levels for the Cable is 40. So levels for the GU should be set at 40 instead of the 50 ...

Open-Close Trending with Hedging Discussion Thread

I wonder the same, but you can figure that Oanda could be seen as a sample of the positions that the market has taken as a whole. In the case of no motion like today. The sample taken at Oanda appears to be a small version of the whole market.

Daily GBP/JPY analysis

If I understand your question correctly, yes. The buy position or positions placed next must be at least as large as my combined south positions to make a solid hedge.

Open-Close Trending with Hedging Discussion Thread

MA settup — To setup your MA, go to your Navigator area and click on the indicators folder. From there double click on the moving average folder. In the popup you will see a tab listed as Parameters. Period should be 25, Shift should be 0, MA ...

Open-Close Trending with Hedging Discussion Thread

Chart from previous info left out.

Open-Close Trending with Hedging Discussion Thread

Your welcome, forex factory has taught me so much that I had to return the favor. All I ask is that you return the favor sometime in the future and we will all learn from it.

Open-Close Trending with Hedging Discussion Thread

Current position is short — In the last example we were in a sell position. The trend reversed to through the +50 level on 4-6-07 at 12:00 gmt @234.45 (would have resulted in a 45 pip loss) but was hedged with a north at that time, and finally ...

Open-Close Trending with Hedging Discussion Thread

I have not waited for the candle to close before I enter. I'm willing to consider it, but have yet to study the effects.

Open-Close Trending with Hedging Discussion Thread

Results on system since 12-25-06 — There has been a total of 41 trade positions taken since 12-25-06 resulting in a total of 8,209 positive net pips taken. Of the 41 trade positions opened. 14 were in a negative direction and 4 of them would ...

Open-Close Trending with Hedging Discussion Thread

The difficulty I've had so far applying this to the daily scalping is the basic rule of closing your position at the end of the day. I think the way this would work is to modify the daily so it flows over a longer period of time days and weeks ...

Open-Close Trending with Hedging Discussion Thread

Hedge Example Continued — Market continued north until 4-4-07 @ 0:00 gmt @ 234.00 when it went through our -50 level. We then close our current north postion and open a south position netting an additional 228 pips.

Open-Close Trending with Hedging Discussion Thread

Hedging example — The last position we took was going south and taken at 230.72. The trend reversed direction without allowing us to close our south bound position in a positive pips. This ultimately would have been a -100 pip loss. At 3-30-07 ...

Open-Close Trending with Hedging Discussion Thread

I am not familiar with all brokers, but with Interbankfx that I'm using. I can take out a position opposite of a current position in the same pair without any increase in the use of free margin. The oposite position in essense freezes your loss ...

Open-Close Trending with Hedging Discussion Thread

Long position from 3-29-07 at 3:00 GBPJPY price of 230.08 closed on 3-30-07 @ 2:00 when price went below -50 level @ 230.72. South bound position taken at that time.

Open-Close Trending with Hedging Discussion Thread

Looking forward to seeing your results and ideas on the dialy hedging as well. Best of luck finding those pips.

Open-Close Trending with Hedging Discussion Thread

Basic Open Closing of Position — In the following positon, the trending direction was south on 3-27-07 at 9:00 gmt at 231.97. Short position was taken at this time (through -50 level). Trending position went long (through the +50 level) on ...

Open-Close Trending with Hedging Discussion Thread

I have started another thread to get input from the rest of the forum regarding the open-close trending system. I'll be placing updates, charts, and examples at the following location. url

Daily Scalping EA - Discussion Thread