Profession trader's definition:
The market is against you.
And you want to HODL and refuse to cut loss.
So you trade another product. And take a small position to
trade with the new market direction.
Professional writer's definition:
Hedging is a risk management strategy employed to offset...
You should have posted your trade in the JOURNAL session and not the TRADING session.
Anyway, as a FOREX GURU,
You have made quite a few big mistakes in a day
- Entered a trade when the market is dead
- missed a boat by many hours
- failed to look at the big picture / failed to have a bird...
What a hopeless Forester Guru.
What can do is the moment you created a new thread, LOCK it right away. 6 months later, UNLOCK IT.
Go create a JOURNAL for your trades.
Another big mistake you made was you missed trading currencies ~10 hours ago.
AUD GBP EUR JPY ... all went up ~10 hours ago, during today's Asian session.
Another another big mistake you made was
When Aud/USD was up, and
JPY/USD was up too,
AUDJPY would be directionless / ranging.
Far too...
Your entry point is unclear.
Assume you long audjpy at 94.2
and your STOP is 93.8
So max loss is 0.4
You are expected to take profit at > 94.2 + {.4*3} = 95.4
with reward risk ratio of > 3:1
If not, MARKETMOVER ought to be called MARKETSLEEPER.
Important Information :
At this moment,
the...
Who is foolish enough to spend 2 hours watching these 2 episodes?
At least you should provide the summary.
Market makers must work smartly so that they can bring home the bacon
everyday.
Similarly, retail traders must trade smartly so that they can bring
home the bacon every day.
Is there any...
More Concerns / Problems / Deadly death Crosses ----> More trading opportunities.
Death Cross is highly welcomed especially when the market has been
relatively quiet over the past few weeks.
Eur, Gbp, Aud, Cad, Swiss, and Jpy all behave in a similar pattern;
USD is strengthening.
BOJpy going to intervene?
How about BOEur, BOGdp, BOAud, BOCad, BOSwiss?
Are they going to intervene?
If you have done that a few years ago, you can retire with peace of mind.
There are some high-quality blue chips/ETFs that are worthless.
Also, some stocks/ETF prices can reach the moon and beyond.
BUY LOW SELL HIGH or
BUY HIGH SELL HIGHER?
You can also consider buying an insurance annuity...
7 Sept 2023
Short at the arrow indicated above.
ES, NQ, DAX, CAC40 .... all went down together during the end-European session.
When the market moves in tandem, it is a high probability trade.
Also, the US employment data release continued to push ES further down.
Be on the lookout for...