I'm holding 2 shorts 6339 and 6400. And one long hedge at 6384. I have another hedge ready at 6430. Edit: Shorts @ 6339, 6384, 6410. Long hedge @ 6384.
haha. I have confidence in his forecasts and his strategy and my trading ability. As long as the hedges are kept in place, these isn't much harm that can be done.
Something that I think I don't get it completely: you take a short, let's say, at 6400. if the price reaches 6430, you place a long, so you are basically 30 pip loss (let's forget about the spreads). Then, when the price goes up to 6460 (if it does), you close the 6400 short, having 60 pips of loss while you have 30 pips of profit. So you actually need the price to go up another 30 pips more to be at break even, right?
that's one strategy, yes. In my case, my single positions are small relative to account size, so if I concentrate on one pair I can have several hedging orders and positions at a time and I can average up or down my overall position and weight it heavier in the direction I want at any time. For instance, having 3 shorts and 2 longs on GU.
I will be posting up Doc's forecasts, addendum from his blog, specific trades I take, and also Doc's strategy. Please feel free to comment and add in any way you feel fit.
Let's hope you KNOWSIVARAMAN well ;-). My shorts will thank you, lol.
ReplyDeletehaha. I have confidence in his forecasts and his strategy and my trading ability. As long as the hedges are kept in place, these isn't much harm that can be done.
ReplyDeleteSomething that I think I don't get it completely: you take a short, let's say, at 6400. if the price reaches 6430, you place a long, so you are basically 30 pip loss (let's forget about the spreads).
ReplyDeleteThen, when the price goes up to 6460 (if it does), you close the 6400 short, having 60 pips of loss while you have 30 pips of profit.
So you actually need the price to go up another 30 pips more to be at break even, right?
that's one strategy, yes. In my case, my single positions are small relative to account size, so if I concentrate on one pair I can have several hedging orders and positions at a time and I can average up or down my overall position and weight it heavier in the direction I want at any time. For instance, having 3 shorts and 2 longs on GU.
ReplyDelete