to add t those shorts if you are still holding them.
POOF
Wow⌠lots of posts to catch up with.
I got Ike knocking on my door so I may be quiet for a while.
We had a nice little run up to end the week.
Triple R: thanks for the kind greeting.It is an honour to meet you (finally) post-to-post.My limited understanding is that when you hedge,you donât know which way price ($) will go; so, you bet that it will go up and down.
If $ goes up 20 pips, you will have gained 20-and lost 20- because you have 2 trades in opposite directions. If you think $ will go up, then you close the short trade ( for a loss of 20,; however, your profit of 20 gives a net loss of 0.
If $ goes up, you gain.
This is my understanding of the fxsol hedging function.
when you hedge,you donât know which way price ($) will go; so, you bet that it will go up and down.
If $ goes up 20 pips, you will have gained 20-and lost 20- because you have 2 trades in opposite directions. If you think $ will go up, then you close the short trade ( for a loss of 20,; however, your profit of 20 gives a net loss of 0.
If $ goes up, you gain.
This is my understanding of the fxsol hedging function.[/QUOTE]
Hope that you realized that the hedging function occurs at the (buy/sell)price at fxsol.You effectively have 2 trades going in opposite directions.
When you know the trend ( on your time-frame) you close the trade opposite.
[QUOTE=rrram2;67863]I doubt she can get above 192.50 and if she does I would short her all the way up to 193.00. Scale in so when she turns south you dont miss the bus,
she is doing a fake north but her final destination is southâŚwatch her, not her hips, (or you will lose her)⌠very closely[/QUOTE
Looked at the Daily chart today and I agree that the long term trend is down.
My feel is that G/Y is in a retracement. 50% fib at 196.90, MACD at its signal
line ( and ready to X up). Two resistance points at 195 and 196.30.
If she cannot break 195 and goes down to 186 and lower, than I shall mortgage the house and short her to Antarctica.
However, that is TanA.It is a thing of beauty- you know where you stand.
But the Fundamentals-now that is a different story.I feel that they are hormonal, and they will make you ecstatic or miserable (you never know what direction they will take)- and the change is instantaneous.
Bottom line: I shall observe her TanAs and not touch her fundamentals.
[B]âEveryone thinks of changing the world, but no one thinks of changing himself.â[/B]
Leo Tolstoy
So if anyone (even Ginger) has any suggestions, let me know!
On this first work day I have chicken houses to fix bbl
is there any gap coming up?
hope you and your family are safe M2P and that IKE hasnt caused you too much harm or destruction
hedging in the past has always been a very last resort if at all. Only recently did I get tied up in some hedges (*shorts against all my longs) I had as many as 29K long and 29K short, eventually I lost 80% of my account
as quadroupke interest on last wednesday would have erased half my margin as I was already playing way too thin for the number of lots open.
extreme abuse of smart margin useage. It is easy to build account balances qucikly through hedges but it left me with huge drawdown with offsetting shorts, had I stayed with the longs only and bough all the way down into 186 I would be looking pretty good now. But her downward fury has amazed me since oh back around 214.
Even when I got in at 204 I got too many too high.
Frankly until I reasses I am bambooxled by this fall and big retrace up.
Normally I would have made lots of pips but again I got too many too high yet once again, if you can beleive that! 
I think I am flat now. I want to be long but I think I know better than that now.
Let me go check the gap.
Huge gap down.
I am flat all my shorts got stopped out BAH!
gap down to like 190.84 on the ask NOW.
heading back north
dont recall where it closed.
I dont think short here yet because she should make up the gap.
13 minutes to open for me
WOuld be nice to be holding some shorts now.
10 more minutes!
Its down too
SHe has lost her mind. I may just sit out here 
dunno if she is out of gas or lost,
no telling what she may do from here I am afraid.
I hope this doesnt end up being my loss leader
I cant use a SL on a long on a sunday that wont make it through the night.
They held an extra session (how ofthen does it happen ?) for other institutions to get rid of worthless papers from Lehmans.
Bloomberg.com: Worldwide
Hope the link works.
Looks like this bankruptcy is behind the gap. Difficult to say if the move up can continue to the nearest Fibo level. Iâm sitting on my hands now. 
Not really I took some small short to try Bankers are like ants now and stick has been put in the middle:D
Cheers