To be honest I would not say that it's a sustainable strategy, but it's a way to minimize losses. But if one is not careful with it he/she could get burned on both sides. When I first tried it, I really got bitten bad and it took me a while to make ...

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I quit using S/L long time ago when I discovered my broker tricks with S/L hunting. Some brokers go as far as widening the spread among other dirty tricks to get your S/L trades. .

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I fully understand what you're saying but believe me I had been using this method of hedging for years and I have not gotten in a big loss except in my first 2 years of trading when I had no experience. The key here is: 1) have enough margin in ...

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I think it's unrealistic but if if does then like I said : Hedging minimizes the losses

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It has nothing with stubbornness. I had my shorts from 1.1360, I am not just going to give them my money without a fight. I am doing ok so far because I am hedging and taking profits as I close some of the hedge orders in profits as it goes up. It's ...

EURUSD

I have the answer to the missing link mystery of this uptrend that does not show any signs of end. They will not retrace back unless I give up my 13 shorts + the 5 more shorts I added as they climbed up. Fu** manipulation, that's all there is to it. ...

EURUSD

Thank you for sharing

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You made wrong assumptions about my trading strategy. It's true I said in my response to you earlier that I did not have a plan when I started shorting EU but that does not mean I was not expecting to hold my positions that long. I do short term ...

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No offense taken friend. You're correct I actually got into this currency pair with no definite plan in mind and kept adding more shorts as it was getting higher. And at this stage I have no exit plan either

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Sometimes I wonder what is and what is not wise with this currency pair as it has become so evident that manipulation is the game here. If I hold on to my shorts the price keeps going up but the moment I close them the price I am sure will fall down ...

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I put two pending shorts, one at 18.50 and one at 19.00 and at the rate this thing going I expect them to be filled no later than tomorrow morning

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FED bank wants it this way until all shorts are killed

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Try hedging in the opposite direction and take profit as you go along. That way your losses would be minimized. Just a suggestion

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It might be heading north to 18.55 then 19.05 but I am still holding on to my shorts. It won't be wise to back down at this level even though I am getting burned with those shorts

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Heheh I am taking the exact same position, sticking the middle finger at Central Banks and their dirty manipulation tactics

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