Please find an attached excel spreadsheet that has some results for buy eurusd and buy usdchf at the same time, position sizes are balanced at $100,000. Results do not account for spread. The first highlighted column shows the result of holding ...

Is there any hedging strategy that works in the long run?

I can take a joke, but I didn't see one It is not that I refused to understand about your PTECZ, it's simply the case that I did not understand. I just saw a lot of words, but no real explanation of how you trade.

Trading Gold with PA

Nothing to do with PTECZ, simply a zone where price has found support. If it happens to coincide with what you call PTECZ, that's all it is, a coincidence. Same as I have marked on my charts for a long time, not something that I have finally ...

Trading Gold with PA

So what are you saying? Open 2 positions in opposite directions when you have no idea where the market is going? When you see a trend forming, you close the losing trade? Why not just wait until you see a trend forming and open a trade in that ...

Is there any hedging strategy that works in the long run?

Following on from my previous post. Although number 2 candle has a bearish body, the long lower shadow indicates possible exhaustion. There was no rejection at an obvious support level. I would look for a long position at the break of the high of ...

Trading Gold with PA

Set this trade as a pending order. Was not looking at the chart for a while Checked to see if trade had triggered and found that it had and already hit TP H1 chart image

Trading Gold with PA

This subject comes up in one form or another and I fail to understand why so many people are unable to grasp the fact that they either have net exposure which relies on the performance of a single pair, or a perfect hedge, where it is impossible to ...

Is there any hedging strategy that works in the long run?

This is not hedging. As I have already pointed out. this will leave you with a net position being long on EURCHF (as long as position sizes are balanced) The only way that you can possibly make money is if EURCHF rises. So there is absolutely no ...

Is there any hedging strategy that works in the long run?

Not clear what it is that you are asking. If by this you mean for example Buy EURUSD and "hedge" by Buy USDCHF Then you are not hedging, you are leaving yourself with the net position Buy EURCHF So instead of paying 2 lots of spread, why not just ...

Is there any hedging strategy that works in the long run?

I didn't say that trading was affecting my health, but that is a reasonable assumption, this being a trading forum. But exchange rates are putting me under a certain amount of stress as I live in Thailand and my money is in the UK 5 or 6 years ...

Health is wealth in a trader's life

I didn't mention anything about exit technique. I'm a bit confused as I have no idea how your response relates to my post.

Health is wealth in a trader's life

I, for one found your post very interesting. I have extreme problems switching off my brain lately. If you have any more like this to add, I would find it useful, I'm sure.

Health is wealth in a trader's life

Yes Dadas, probably precious metals and gems are the only true currencies. USD, GBP etc are basically just IOUs with nothing to back them up. It would probably be a good idea to invest long term in Gold as demand is much higher than supply -As long ...

Trading Gold with PA

I didn't see the cat's head. Currently I am seeing a striking snake. Is it going to bite us in the Ass ??

Back of a cat's head?

Fair enough Hayseed. I am sure that I am not alone in having examined a single losing trade and revising my strategy accordingly. Of course it did not improve my trading because the revision was based on a very small period. By all means examine a ...

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I don't think that his problem was the calculator, but more with understanding the difference between a pip and a pipette

Am I Understanding How Pips Work Correctly?

That is ridiculous! How can examination of a losing trade ensure that it will not happen again? It is almost impossible to avoid losing trades. A losing trade is not necessarily a bad trade, just one that didn't work out. Examination of hundreds of ...

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I should have said that the 5th digit after the decimal point is the pipette. You just have to learn what is a pip for every pair. EURJPY will be 127.704 USDJPY will be 98.025 I guess that with most pairs if you look at the spread and it is more ...

Am I Understanding How Pips Work Correctly?

Yes, that is correct. 0.3 lots on EU equates to $3 per pip. Your mistake is thinking that your example is 30 pips profit, when it is only 3. It should be "If I buy EUR/USD at 1.3036(5) and the price goes up to 1.3039(5)...which is 3 pips." It can be ...

Am I Understanding How Pips Work Correctly?

No, it would be 3 pips, not 30 . 0.3 lots would give you 9$. Note Not all pairs equate 1 lot to $10 per pip.

Am I Understanding How Pips Work Correctly?