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  • #3,341
  • Mar 12, 2014 1:45am Mar 12, 2014 1:45am
Quoting Nitsan_Levi
{quote} And I take profit 80% out 20% stay to price 1380 the daily sma 300 The Gartely patterm postion still wait for first take profit.. GL HF {image}
Why always take profit? Why don't you try hedging?

If things get out of control or just don't make sense, you can close all longs/shorts and call it a day.
Hello World!
  • #3,342
  • Mar 12, 2014 1:53am Mar 12, 2014 1:53am
Quoting spinozagr
I want to sell it… but this price action really scares me...
Crimea is holding a national referendum on independence this weekend, you must have balls of steel to want to sell this now.
"Where you want to be is always in control, never wishing, always trading.
  • #3,343
  • Mar 12, 2014 1:55am Mar 12, 2014 1:55am
it is so weird, gold moved about 20 dolars in 1 day but silver only moved 30 cents. silver should also have moved higher alrdy.
  • #3,344
  • Mar 12, 2014 2:27am Mar 12, 2014 2:27am
Quoting ClockTrader
{quote} Why always take profit? Why don't you try hedging? If things get out of control or just don't make sense, you can close all longs/shorts and call it a day.
Hey mate
I never in all my years of trading make even 1 hedging.
Headging have not part in my system.
To explain why
I will have to reveal all my money management system
And it is very complex
  • #3,345
  • Mar 12, 2014 2:31am Mar 12, 2014 2:31am
Quoting ClockTrader
These are how my positions look like after I closed the top ones in profit. Awaiting London morning to see how PA moves. NY morning should throw some light too. EP, so you didn't sleep last night, rt bro? {image}
Sleep? What's sleep bro?
To live a successful life, we must lose our fear of being wrong
  • #3,346
  • Mar 12, 2014 2:35am Mar 12, 2014 2:35am
THE BIG PIC

Dont forget price in the way to sma 300 and there maybe BIG short
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  • #3,347
  • Mar 12, 2014 2:36am Mar 12, 2014 2:36am
Quoting EatPIPs
{quote} Sleep? What's sleep bro?
thats funny, I like that. But, a trader MUST have a healthy mind and MUST get 8 hrs of soulful sleep everyday.

If I have not slept well and if I'm unhealthy, there is very little chance I'll make right trades. Health is Wealth dude!
Hello World!
  • #3,348
  • Mar 12, 2014 2:37am Mar 12, 2014 2:37am
Quoting Nitsan_Levi
{quote} Hey mate I never in all my years of trading make even 1 hedging. Headging have not part in my system. To explain why I will have to reveal all my money management system And it is very complex
You are a smart trader, I thought you could make more by hedging, never mind dude. You need not explain/share anything which you think you should not.

Cheers =)
Hello World!
  • #3,349
  • Mar 12, 2014 2:43am Mar 12, 2014 2:43am
Quoting Nitsan_Levi
MORE BUY 1H GARTLEY + SMA300 great risk/profit ratio here.. {image}
And I take profit of the GARTELY postion.. 80% out in the end of ab=cd 20% wait for daily sma300 in price 1380

For another three profit
I'm better Close
There is currently AB=CD
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  • #3,350
  • Mar 12, 2014 2:44am Mar 12, 2014 2:44am
Quoting ClockTrader
{quote} thats funny, I like that. But, a trader MUST have a healthy mind and MUST get 8 hrs of soulful sleep everyday. If I have not slept well and if I'm unhealthy, there is very little chance I'll make right trades. Health is Wealth dude!
Very true dude. However money never sleeps Monday - Friday so most times neither do I especially if there are good trading opportunities whatever time it may be
To live a successful life, we must lose our fear of being wrong
  • #3,351
  • Mar 12, 2014 2:46am Mar 12, 2014 2:46am
Anyway, I've added three shorts to my portfolio in the 1360 region. Managed to buy some of this move during the night but all my longs are now closed.

Like many, expecting a drop from here but I'll be honest and say it doesn't look too convincing yet. Let's see how PA plays with London.
To live a successful life, we must lose our fear of being wrong
  • #3,352
  • Mar 12, 2014 2:57am Mar 12, 2014 2:57am
Quoting ClockTrader
{quote} You are a smart trader, I thought you could make more by hedging, never mind dude. You need not explain/share anything which you think you should not. Cheers =)
Thanks you

I have no experience with headging can you explain why its good to headging IF :
Can you explain why hedging is good if I know to right 7-9/10 every time ?
or for ex see the Gartley patterm that we trade here...why to take any short until it finsh?
  • #3,353
  • Mar 12, 2014 3:07am Mar 12, 2014 3:07am
Quoting Nitsan_Levi
{quote} Thanks you I have no experience with headging can you explain why its good to headging IF : Can you explain why hedging is good if I know to right 7-9/10 every time ? or for ex see the Gartley patterm that we trade here...why to take any short until it finsh?
I hope you remember, I was buying at the bottom of the range, right? I had one nice long (among others) @ 1326, looks lovely, why close?

At 1350, I should have sold, I took profit on top positions and hedged many others.
Thereafter, I bought very well around 1340, now this morning, I woke up to see nice profits. I closed some longs in the 134x range & slowly hedged remainder longs.

Lets say I have longs and I clearly see its a peak to take profit from, why close longs when I can hedge? When it goes low and if there is a long opportunity, I can either buy more OR closed the shorts (hedges of longs). It looks complex, but I love to hedge.
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Hello World!
  • #3,354
  • Mar 12, 2014 3:07am Mar 12, 2014 3:07am
Sold at trend line resistance 1359, SL at 1365
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  • #3,355
  • Mar 12, 2014 3:10am Mar 12, 2014 3:10am
The culprit of driving Gold is SPDR. YEsterday, The BIG BOY had 8.5 tons. The highest daily inflow sin 10/2012. There for, we should wait a couple of days, or a week to see The Big Boy do next. More buy mean, the bullish. Sell, give us a signal to pull back.
  • #3,356
  • Mar 12, 2014 3:33am Mar 12, 2014 3:33am
Quoting ClockTrader
{quote} I hope you remember, I was buying at the bottom of the range, right? I had one nice long (among others) @ 1326, looks lovely, why close? At 1350, I should have sold, I took profit on top positions and hedged many others. Thereafter, I bought very well around 1340, now this morning, I woke up to see nice profits. I closed some longs in the 134x range & slowly hedged remainder longs. Lets say I have longs and I clearly see its a peak to take profit from, why close longs when I can hedge? When it goes low and if there is a long opportunity,...
Yes I understand
And I remember your buy
It just does not get along with my money management system
And I do not know how to explain why I do not like hedge
Thank you
  • #3,357
  • Mar 12, 2014 3:46am Mar 12, 2014 3:46am
Quoting Nitsan_Levi
{quote} And I take profit of the GARTELY postion.. 80% out in the end of ab=cd 20% wait for daily sma300 in price 1380 For another three profit I'm better Close There is currently AB=CD {image}
Hi Nitsan, very great call!!!
What do you think about daily EMA300 at about 1371? I think that could be this ma the true target.
If you do not know who you are, the Forex is the worst place to find you
  • #3,358
  • Mar 12, 2014 4:10am Mar 12, 2014 4:10am
Quoting EatPIPs
Anyway, I've added three shorts to my portfolio in the 1360 region. Managed to buy some of this move during the night but all my longs are now closed. Like many, expecting a drop from here but I'll be honest and say it doesn't look too convincing yet. Let's see how PA plays with London.
I have added one short at 1360.500... Looking for 1352

Stop at be...

go go go
The good thing with the future is that it is progressively approaching...
  • #3,359
  • Mar 12, 2014 4:14am Mar 12, 2014 4:14am
Quoting spinozagr
{quote} I have added one short at 1360.500... Looking for 1352 Stop at be... go go go
I'm looking to start offloading around 1342 intraday.

On my basis, day must close above 1354 to remain bullish for the week at least.
To live a successful life, we must lose our fear of being wrong
  • #3,360
  • Mar 12, 2014 4:28am Mar 12, 2014 4:28am
Quoting ClockTrader
{quote} Why always take profit? Why don't you try hedging? If things get out of control or just don't make sense, you can close all longs/shorts and call it a day.
hedge gold n silver....pls check pm
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learn and earn from the ups and downs...of life.
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