I'm not in the GBP, but if I was going to throw out an answer to that question I suppose it would be "Germany"

If you are going to bet against the dollar

I don't think anyone here has said distinctly that hedging can not be profitable in any way. I have a different method for range trading like that, but the essentials are the same. Revolving around the median with protection in place in case of a ...

whats with this "hedging" thing??

Good to hear. Happy trading.

IB issues?

Pretty much sums it up. Thats what I was hinting at in my sarcastic post. People that do nothing more than walk to the mailbox and pick up the wellfare check are getting free money becuase they didn't pay taxes in the first place for most cases, ...

Stimulus Package

Yes. The government is printing the free money now. You only get the free money if you paid less taxes though (income cap) but you don't necessarily need to have paid any taxes to get it. url

Stimulus Package

I don't know what the problem is now, I just know I'm going to need valium by the time this is over. The last place I went to in January didn't even submit the application, he just picked up the phone to the underwriting department and had his ...

Fiscal Stimulus - where will the rebates go?

Every dollars another employee. Hehe... I'm in the middle of trying to get financing for a house. I had 4 approvals in December. Went out house hunting and put a contract on a house. Came back to the banks in mid-january only to be turned down by ...

Fiscal Stimulus - where will the rebates go?

Ran in here to defend Introducing Brokers. I see there is no need for me... but I'll say I've never liked web based platforms for that reason. I never know if its my computer, Java, my browser, or the actual platform thats messing up. Atleast with ...

IB issues?

Yeah... ok. That one made me crack up. and to bump the trash off the top of this forum.

whats with this "hedging" thing??

Haha, so I did. Sorry I haven't traded the G/U since last year but I've been in the e/u short since mid-november. Everything I think of is in Euro these days.

whats with this "hedging" thing??

That is still a matter of the psychology of the trader in not being able to close your long position. If you had sufficient probability to open a short at 1.9530, then there was sufficient reason to close your long. The reason you would leave the ...

whats with this "hedging" thing??

That’s pretty much what I meant with the whole psychology thing. The people hedging don't have the psychological strength to close their losses, they would rather see a positive and a negative trade open in their account and pay twice for it than ...

whats with this "hedging" thing??

Your right about it being another conversation. However that is certainly how I kept the 50k from using FXCM's guarantee'd margin call as a stop. They removed it on Monday, 3 phone calls later it was returned on Wednesday.

whats with this "hedging" thing??

This was back in the day, but it was FXCM.

whats with this "hedging" thing??

It is different from a regular old straddle because if the news comes out as expected and doesn't move the market at all, YOU STILL PAID SPREAD TWICE! VS not being out anything. See the subtle difference there? Hehe... No, some of the bigger dealing ...

whats with this "hedging" thing??

You are correct as far as now is concerned, however it took the brokers a while to catch on to this as well. When brokers first started changing to fight scalp spike traders, They would slip entry orders all over, not let people out of the market, ...

whats with this "hedging" thing??

Starting in the forex through a company known as CFG, I can say this was preached to me over and over again as well. "Don't trade live until you can complete a demo with over 50 trades without a loss". However after being a mentor for a couple of ...

Consecutive trades

Sounds alot like the conversation I had in January of '07. Except they gave me a timeframe of "within 90 days". Oh, and then again in Oct while talking to the VP except he said Nov, 4th at the latest.

FXCM Discussion

I've had many students throughout the last couple of years. When they finally go live, I am always hoping their first trade will be a loss. As a student, you never learn as much from a gain as a loss. Winning too early can make you overconfident and ...

Excited by a loss...call me crazy

If you "hedge" the position you would short at 1.3000, and the hedged position would be -2 pips for the spread. So you would have a buy at 1.3002 with -2 open, and a sell at 1.3000 with a -2 open position. Net -4 pips, double spread. If you opened ...

whats with this "hedging" thing??