I think you misunderstand him. He is saying that hedging is less efficient, not the other way round. And the example you gave isn't really a hedge. In reality when we trade cross-pairs like GBPJPY, we are actually just buying both GBPUSD and USDJPY. ...

Trading Without a StopLoss

If they are still in business then the odds must be stacked against you. Ofcourse if you grind at it for maybe 2-3 years you could possibly develop a unique skill set, but I can't see myself trusting binary option brokers in the long-term. Once you ...

Binary Options: How hard is it to predict trend changes?

Clear explanation But I think why people keep insisting that hedging works is because it actually does work for them. I would venture that it offers psychological benefits which can translate into monetary benefits. Hedging tricks the brain into ...

Trading Without a StopLoss

In general, for humans I would say it is better to use a SL when trading. Why? Because no matter how rational we may be, when the moment comes to pull the plug, often emotions will cloud our judgment - it happens involuntarily. We will start using ...

Trading Without a StopLoss

Hmm.. This week's market preview is gonna be short. As of market close, there are no apparent opportunities next week to catch the daily trends (at least none appeal to me). A lot of the AUD and some of the CAD pairs are setting up for shorts, but ...

Sonic R. System

Guys, crazy Friday ahead looking at first hour of London. Really wouldn't short AUD or GBP. Will post weekend analysis after market closes... Trade safe.

Sonic R. System

1. Well, EU turned out to be the mess I thought it would be. 2. EJ and GJ didn't retrace so there was no opportunity for me to get long. All the Yen pairs are looking like they're gonna topple over soon because there was no higher low made on the ...

Sonic R. System

again. Edit: TDI < 20 -> strong momentum.. bounce off sonic wave, see separation between 89EMA and wave.. image TP 167. RR 8:1 edit: Price went down after LO and then retrace back up to test Sydney Open (DO) price - the first level tested after LO. ...

Sonic R. System

looks like a trendline test before breaking down..

Trading Made Simple

hmm do you think there's a concern that you might be selecting to add to the losers? Maybe do a backtest/forward test to see, given that price has retraced after a sonic entry, what is the probability that it'll be a winner, because there might be ...

Sonic R. System

very possible, but I think today will close around 0.91 to take out the previous swing high... tmr news release it might spike up and then go down or it might go down straight, but a pullback should be in order. I posted about it there... url ...

Sonic R. System

well it's a statistical thing. When price does one of those consolidation + high volume breakout counter-trend, it'll almost always > 80% of the time test the 89EMA on the daily chart eventually before continuing its trend and the weekly chart will ...

Trading Made Simple

Yup it does, but sometimes there's a trade-off between trying to get the best entry/catch the low v.s. the risk you must take to find out if you are right. Can be quite a lopsided trade-off at times. I think even if you only focus on getting the ...

Sonic R. System

Still too early to short aud/usd. wait for 0.91

Trading Made Simple

Hey this is great. I like your approach of setting a fixed risk per trade and not deviating from it. For me I just enter on the shorter time frames with a 15-20 pip hard stop, and a mental stop of around 7-10pips (i like to close trades at small ...

Sonic R. System

I think it's great that TAH is very honest about the system's shortcomings, as he posts his own results for all to see - there's a lot we can learn from his stats. These are stats taken from Prof TAH's trading records. This was his largest weekly ...

Sonic R. System

I think the readers here will really appreciate if more comments about when to cut losses and when to exit losing positions can be given. I don't see any risk management except: "use small lots" which in itself doesn't solve the problem if the ...

Sonic R. System

I really would not, unless you really don't mind losing it all...

Central Banks & Big Players

The reason he doesn't do sell orders is because the spike in spreads will take you out, whereas for buy orders you are paying the spread upfront (sort of) and the ask price spike will not affect you. Moreover, for instances when price goes down, it ...

Central Banks & Big Players