Technical analysis :useless junk science
- Thread starter oilfxpro
- Start date
Quote from cornixforex:
You're too emotional to be successful. You don't understand what and how exactly you trade. I am sorry for you, but if you want to have fun this way, that's your choice.
Ha Ha Ha
There were no emotions involved , I was cool as a cucumber.I placed the trades last night and did what I stated I would do
Quote from oilfxpro:
Zero position , and I can still make money
You are clueless!
You also don't understand that you make money not when you are in zero position, but when you ENTER outright position at some point where you close your "hedge" leg or one leg of your synthetic position.
You probably are a good trader, but delude yourself with this "hedging" BS, because it makes you not to feel fear of losing.
In reality, though, you still trade outright. If you use stops at least, that's good.
It has to do with your emotions definitely, because having zero exposure simply doesn't make any sense and any profits. Simply impossible to make the profit on 100% "hedged" position in the same currency pair, you're even at a loss from the start, cause you paid the spread.
Watch your positions closely, do you show an open TOTAL (all three legs summarized) profit while having all three legs of such "hedged" position on? I doubt it.
Chances are you make money only after you close one of the legs (either by stop out or take profit) and the market moves the other way to provide you the profit on the other leg.
If you have stops on that leg, congrats, you're a good directional trader, only thing you need is ditch that "hedging" crap, it's not needed here you just make the broker happy with redundant trades.
If you don't use stops on those "undedged" legs, then you simply gambling and relying on pure luck. Markets can and do regularly "fly" 200, 300 and even more pips in a single day, if you don't use stops, once you will catch the one against you and blow up.
No other variants here, that's exact science, not junk science.
Quote from cornixforex:
No other variants here, that's exact science, not junk science.
No No No
Broker makes me happier , so I make broker happier............I had no failure of junk science on entry, half my problem solved.....now exit at overbought resistance , and sell of oversold.
On the other hand , you are betting/gambling on the form of euro/usd , whereas I am buying and selling (real trading)
Quote from oilfxpro:
No No No
Broker makes me happier , so I make broker happier............I had no failure of junk science on entry, half my problem solved.....now exit at overbought resistance , and sell of oversold.
On the other hand , you are betting/gambling on the form of euro/usd , whereas I am buying and selling (real trading)
See, you basically admit that you simply fade price swings, but delude yourself with the "hedging" which is actually nothing but entering/exiting your position through the weird and redundant way of using another synthetic leg.
Do experiment, simply enter/exit EURGBP (or other of these pairs, depending on your current exposure, you will have to calculate it but that's easy) on a seperate account at the same time you put on/off the "hedge" leg of your synth... You will be surprised.