Thanks Cam - that was only a hindsight scenario of possibilities which I was using to try to understand why anyone would want to hedge. Trading is really 'whatever works for you' For me this is key - someone once said that trading is 95% ...

Building an equity millipede

Sorry Chiba - think I'm being a dumbass again but I don't understand some of your statements....for instance Enter 2 positions. Exit half at 1:1 or 2:1 or 3:1. Let the other position run forever or until it breaks even. No "diversification" or ...

Building an equity millipede

Thanks for this Yon - 2 things I took away from this...... AND THIS IS EXTREMELY IMPORTANT. "Know thyself" exactly so - hedging is a psycho thing with me - if it's(currency pair) going down, why the fcuk would I want to buy lol. "I lose first, I ...

Building an equity millipede

As you probably know I have a real problem with diversifying(or hedging) Can someone please explain to me where/why they would diversify in the chart below image

Building an equity millipede

Something Cameron posted a while ago is worth reposting now. http://www.forexfactory.com/showthre...71#post4031871 "I will not elaborate any further in the above 2 theorems as I know this will lead to no progress in your learning phase. What works ...

Building an equity millipede

I actually think I agree with you but it is easier on the daily charts to identify area's where your sl will probably not get hit - then it's all about timing and MM.

Building an equity millipede

With respect C I don't think a 5m chart of EU is a good example of sl placement.

Building an equity millipede

allow their floating losing position to grow Exactly so...and even if you get stopped at be doesn't mean you can't re-enter at an even better price.

Building an equity millipede

Yeah I'm just happier getting to b.e. soon as. A 20 pip dd can quickly turn into 200 if ur careless.

Building an equity millipede

Maybe I'm a bit of a dumbass but I thought the objective of trading was to make profits. The best way of doing that is to lock in profit and reduce risk. The EASIEST way to do that is to move your stops accordingly - If you set a rule to move stops ...

Building an equity millipede

I'm already in lol.

EURUSD

Back in 2010 silver moved 2000+ pips in 10 mths. If downside risk is 25% that offers a pretty good RR play in my book. image

EURUSD

Not sure I agree with this rather glib answer. I would posit that all traders, whether professional or not, have a bias before they pull the trade trigger. If they didn't they wouldn't be able to decide which way to trade. It's how one arrives at ...

Building an equity millipede

Thats not active it's manic lol.

Building an equity millipede

Thanks for this but atm I'm happy building legs in the direction of the trend - when I think the trend has changed I'll change my position. I just had a look at your explorer btw and you've currently got 40 open trades. Not sure I could or would ...

Building an equity millipede

That sounds somewhat similar to what I do - I will only add to a position when the previous one is at be. I don't currently hedge coz I just can't sell something if I actually think it's going up - I just wait to add more legs. Never could get my ...

Building an equity millipede

Yeah but the problem I have with hedging is the same as it always was - when/which trades do you close. Do you trim the losers or the winners. for instance if I had 10 trades long and 10 short in about equal profit vs drawdown - which ones do I ...

Building an equity millipede

Just something I read but my bias is still long - I'm flat atm - could go either way Anyway you are long GBPUSD so you are hedged.

MPB Journal

I might be reading this wrong but this chart seems to indicate that if you had taken all the trades indicated including the hedges you would currently have 10 trades long and 10 hedges short - of those 7 long would be in dawdown and 3 in profiit but ...

Building an equity millipede

Read something on the financial pages this weekend rumours about UK raising rates and Cad lowering rates. Think this will be buy soon. image

MPB Journal