I really shouldn't be wading into this, especially as a complete novice, but just because hedging (or holding a flat position, or whatever you want to call it) doesn't provide a financial advantage doesn't mean it's completely useless. It helps me ...

Hedge a losing position?

Just saw this thread. Nice to see some images of your methods. I'm going to try the rejection wick thing and stacking orders

Hippiedog's Keep it Stupid Simple

I see it as buying time to correct a mistake. I hedged a losing S&P position a few weeks ago, waited for a chance to close the hedge and reduce my losing position. I didn't get it all the way back to zero, but I halved my losses. Probably could have ...

Hedge a losing position?

Yeah, I figured he sounded like a bit of a scammer, but thought I may as well ask you, just in case there was a chance he was on to something. There was a forum I used to visit often for property investing, where there was a guy who seemed like a ...

Just a bit of advice, for anyone, for free

I've really appreciated this thread. Thank you for going to the time to start it, and to answer follow-up questions Seeing as you're an actual, real-life, fair-dinkum professional, I have a question I need to ask... Do you have any idea what ...

Just a bit of advice, for anyone, for free

Thanks Shabs. I don't use MT4. I was hoping to find something that sends alerts to my phone/email. Any ideas?

Bollinger Band alert recommendation?

I'm sure this has already been asked, but I couldn't find anything on a quick search, so apologies. I'm new to trading, I've been using fxtrade and I'm pretty happy with it I guess. Is there any reason I should switch to MT4? Thanks!

OANDA Discussion

I like it! I only read the first and last pages, so I hope I'm not missing too much. But I'm going to give it a shot. Starting with $100, risking $50. Will post with updates/trades as they happen. Which I guess will be slowly if I'm looking for that ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I used hedging last week during this flash crash/correction, so I could go to bed before my eyes fell out.

Hedge a losing position?

Not to be critical, but you know what I hate? In any list like this, whether it's an official form or an internet forum, no one includes 'full time parent' as an option. So I usually select 'other'. But where 'other' isn't an option, I have to ...

Traders Identikit: What is your primary occupation?

I hate to keep asking the same questions, but just so I can cement your system in my head, I'm looking at AUD/JPY 4 hour chart now. Have you made an entry yet (last candle started outside 2nd but closed inside), or are you waiting for the current ...

Need help making a plan for Monday and the rest of the month

HippieDog, you are a gem! This is great info. I've been using Bollinger Bands but only the standard (20,2) and using it to try to follow price action all the time on small time frame charts, rather than picking entries and exits on bigger ones. It ...

Need help making a plan for Monday and the rest of the month

Haha, Hippiedog, I'm definitely going to give your system a try, maybe minus the weed because I have a toddler to look after Two questions about your system. When you say: Do you look for a candle to close on/outside the 3rd deviation, or just ...

Need help making a plan for Monday and the rest of the month

Hi Cyyber, sorry I didn't reply earlier - I was a bit busy My very rough and amateur hedging system worked (sort of). I had a few scary moments where one index/instrument would hit a circuit breaker but the other was still trading, but it was ...

Need help making a plan for Monday and the rest of the month

Thanks guys. I'm very new to all this, and I was just about to throw in the towel after a few months of unsuccessful AUD/USD trades, but then I was lucky enough to short NAS100 yesterday morning... I have no idea how much further it will go down, if ...

OANDA Discussion

Noob question. With newspaper headlines warning of a possible global market crash, people cashing out, less liquidity, etc., is there any danger that if it comes to pass, Oanda won't have enough cash to release my funds to me?

OANDA Discussion

Thanks for your replies folks. I'm not really keen on changing the AUD into USD, or putting a lot of it into a trading account, because at the moment it's in an offset account against a mortgage. I've got about 200k to try to 'protect'. I try to ...

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