Wow - Must have struck a nerve!
- Thread starter Veyron 16.4
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A prime example is what Tiger Woods did on the 16th hole during last Sunday's final round in a head-to-head showdown with Harrington. Tiger, faced with a 181 yard second shot into a green that nobody "in their right mind" would ever think about going after the pin by bringing the water into play, took an 8-iron (of all things!) and lifted the ball directly over the left side of the pin and then sucked the ball back to within 2+ feet for a kick-in Bird.
As someone who loves golf and lives in the Akron/Canton area......NO ONE, not even Eldrick...hits a second shot of 181 yards into the 16th at Firestone South, unless you have a serious trail-wind and your drive propels off a sprinkler head. Also if your down in three at the 16th...that's eagle my friend...not sayin...just sayin....know-what-um-sayin??
As someone who loves golf and lives in the Akron/Canton area......NO ONE, not even Eldrick...hits a second shot of 181 yards into the 16th at Firestone South, unless you have a serious trail-wind and your drive propels off a sprinkler head. Also if your down in three at the 16th...that's eagle my friend...not sayin...just sayin....know-what-um-sayin??
lol, ok then, we'll be sure to let you know.
Cheerio
(Sheesh, another care-in-the-community wacko, do we get a tax concession for keeping this guy off the street?)
sorry dumb mother but you really are not very smart
the guy is talking about taking both directions and he claims that it works for him
you are not smart enough to realize that if ONE DIRECTION WINS, other direction loses
and when you close the losing direction THE WINNING ONE CAN TURN AROUND AND MAKE YOU TWO LOSES
learn to trade dumb mother, at some point you gotta learn to trade
supernova,
I think that you're being unnecessarily harsh on dumb_mother, and your novice assumptions are exactly the same as those which the trading illiterates in the NFA came to.
Hedging is actually the best form of risk control. If you look at the longer term charts they move very slowly and for the majors such as EUR/USD will virtually always follow the principle of "what goes up must come down" and vice-versa.
So, rather than place stops at your level of "maximum pain" or at what you think are major S/R levels, instead you hedge at these points, which alleviates the need for you to accurately predict the point at which price is going to turn. Then you just follow the signals of your trading system for the longer term move in price.
If you originally went Short and the price goes up and up past your resistance level, then hedge for the same amount. Your maximum loss is now limited to your current loss.
If your longer term system signals a move Long, then you close your Short. If your system is still screaming Short then you close your Long at the point where price is telling you that it's going to be a protracted Short move next (e.g. when there's an obvious "pin bar" on the 4H or Daily charts).
It really is that simple.
Occasionally, price won't do what you expect it to in the long term, in which case you take the loss and move on (breaks of S/R levels will tell you this).
A similar trading style is using "stop and reverse" which also works very well. If you have a reasonably solid trading system and price doesn't move in the direction you expect then the odds are that it's going to continue moving against your original trade, so when your original trade is stopped out you simply reverse the signal (9/10 times you'll get back your losses and more besides).
Of course everything I've just mentioned hinges on your ability to control greed and fear impulses which is ultimately the downfall of most novice traders.
I think that you're being unnecessarily harsh on dumb_mother, and your novice assumptions are exactly the same as those which the trading illiterates in the NFA came to.
Hedging is actually the best form of risk control. If you look at the longer term charts they move very slowly and for the majors such as EUR/USD will virtually always follow the principle of "what goes up must come down" and vice-versa.
So, rather than place stops at your level of "maximum pain" or at what you think are major S/R levels, instead you hedge at these points, which alleviates the need for you to accurately predict the point at which price is going to turn. Then you just follow the signals of your trading system for the longer term move in price.
If you originally went Short and the price goes up and up past your resistance level, then hedge for the same amount. Your maximum loss is now limited to your current loss.
If your longer term system signals a move Long, then you close your Short. If your system is still screaming Short then you close your Long at the point where price is telling you that it's going to be a protracted Short move next (e.g. when there's an obvious "pin bar" on the 4H or Daily charts).
It really is that simple.
Occasionally, price won't do what you expect it to in the long term, in which case you take the loss and move on (breaks of S/R levels will tell you this).
A similar trading style is using "stop and reverse" which also works very well. If you have a reasonably solid trading system and price doesn't move in the direction you expect then the odds are that it's going to continue moving against your original trade, so when your original trade is stopped out you simply reverse the signal (9/10 times you'll get back your losses and more besides).
Of course everything I've just mentioned hinges on your ability to control greed and fear impulses which is ultimately the downfall of most novice traders.
SoundFX you are as bullshit as your lack of proof
what you say makes no sense, you are dumber than dumb mother
you go long and short at the same time and you exit the losing position
WHICH PUTS YOU AT ZERO because one loss and one win ARE ZERO
GOD DAMN YOU ARE ALL BUNCH OF DUMB PRICKS
I don't have time for you little hatchlings
what you say makes no sense, you are dumber than dumb mother
you go long and short at the same time and you exit the losing position
WHICH PUTS YOU AT ZERO because one loss and one win ARE ZERO
GOD DAMN YOU ARE ALL BUNCH OF DUMB PRICKS
I don't have time for you little hatchlings
Simultaneous long-short positions in the same underlying should be a "death-panel" inclusion. Lethal injection for anyone abjectly stupid enough to even consider the strategy. I am not talking about trading conversions in vol-markets in back months to carry into the new year.
Hey! You're FLAT POSITION and paid 2x the vig for the pleasure!
Hey! You're FLAT POSITION and paid 2x the vig for the pleasure!
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