just let me add this trade is already engaged so i am already long from 1.2182 and having a hedge order waiting at 1.2134
I have just entered a new hedge
long 2 lots USDCHF @ 1.2183
long 1 lot EURUSD @ 1.2626
these hedges are there for FR kind of system i will post when i have net total positive pips which is different from FR ofocurse. The last hedge is still in place and will update as required.so i have 2 kind of hedges here
Hedge 1
1 lot long usdchf @ 1.2182
hedge is waiting at 1.2134
Hedge Type 2
long 2 lots usdchf @ 1.2183
with
long 1 lot eurusd @ 1.3626
so i have 2 kind of hedges here
Hedge 1
1 lot long usdchf @ 1.2182
hedge is waiting at 1.2134
Hedge Type 2
long 2 lots usdchf @ 1.2183
with
long 1 lot eurusd @ 1.2626i have closed the type 1 hedge 1.2183 for +1 pip i will work with hedges with eurusd and usdchf type 2 ones which i posted they are easy to maintain on a thread.
so i have just long 2 lots usdchf and 1 lot long eurusd
i have closed the type 1 hedge 1.2183 for +1 pip i will work with hedges with eurusd and usdchf type 2 ones which i posted they are easy to maintain on a thread. so i have just long 2 lots usdchf and 1 lot long eurusd
LOL .. well the net total is already in profit , as they say profit is profit but would like to keep it further for higher profits to see the outcome i'm looking for at least 100 pips deviation profits, let's see
update
here is what i am looking for to abandon this hedge if the condition that is
usdchf goes < 1.2091 line if it does then i will abandon this trade because the scenerio for what bought this hedge has failed .. for profits i am still open to see how much or what would be the best price .
so as you can see this is a mixed of conventional trading with a security hedge
to limit losses.
1.2091 is the give/take figure for me but in anycase i know the loss would not be as in conventional trading .. the low at 1.2091 is what made me entered this hedge expecting it to hold .
update
here is what i am looking for to abandon this hedge if the condition that is
usdchf goes < 1.2091 line if it does then i will abandon this trade because the scenerio for what bought this hedge has failed .. for profits i am still open to see how much or what would be the best price .
so as you can see this is a mixed of conventional trading with a security hedge
to limit losses.
1.2091 is the give/take figure for me but in anycase i know the loss would not be as in conventional trading .. the low at 1.2091 is what made me entered this hedge expecting it to hold .by eye balling the chart usdchf has one more good support at 1.2040-1.1994
so i am going let it go there if it breaks 1.2091 . till then i will have some +ve swaps and euro as a hedge.
edited the message will leave these both positions open ..
edited the message will leave these both positions open ..
The only reason i am going this way on this trade is because i still believe we are going to make it or already did a low soon . so dont want to close these hedges yet would like to see reaction near 1.2041-1.1995 if 1.2091 breaks and then decide the next step.
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while my other system is still into development i have also a hedge system in place which i will post the trades for sometime . let me put 2 to 3 trades and see how will it go
long usdchf @ 1.2182
hedge @ 1.2134