Why is there so much hate being directed towards TradeAlerter?
It’s not top secret information that he’s “leaking”. It’s information that is readily available if you’re sitting at a dealing desk at a brokerage or in an institution, however it’s not something that is easily accessed if you’re a new trader (we are in newbie island after all).
If he’s got some time to help us out with this information on this thread then I don’t see why it’s so offensive to people that have posted on this thread.
Hopefully you keep posting TradeAlerter, because I’m interested to see where this goes and so far the advice seems sound.
Lots of Big Shorts Nervous in the AUD now that AUD/JPY and AUD/USD look to have found support. I move to 0.9840 and Y99 is on the cards in the next 24 hours if the Europeans and US want to take part. Two ways to play this join in the short squeeze or wait and sell into the rally. Use the previous highs as the sell zone 0.9820-60 is premium opportunity. AUD/JPY Y99.20 to Y100 is premium sell zone.
If you are going to quote sources then its probably best if you give credit to where you got them from - I don’t think people would have a problem if you noted that.
Ok guys we have USD/JPY in play again. Now the Y100.70 Support zone is being tested for a third time and will likely break today but the question is what next.
Huge Orders between Y100.20 and Y100.
Even Bigger Stop Losses Y99.80.
Is it worth buying at Y100.30 I believe so, is it worth buying at Y99.60 ABSOLUTELY!
Just be patient and play the extremes and the edges of well defined ranges, we might get a good sell on AUD soon near 0.9800 and a but on USD/JPY under Y100. Both are high chance trades. buying EUR/AUD near 1.3300 also very good
or u could just not lock yourself into these “hedged” positions[/QUOTE]
Or one could just close the position and re-enter later… Which is what hedging does except closing the position reduces spread costs and frees up margin.
Spread means nothing to me as I’m chasing hundreds of pips in each trade, and freeing up of margin…What do you mean exactly coz “free margin” stays the same. So, what do you mean by that?
Spread means nothing to me as I’m chasing hundreds of pips in each trade, and freeing up of margin…What do you mean exactly coz “free margin” stays the same. So, what do you mean by that?[/QUOTE]
two opposing positions (aka hedge) requires margin for those positions… Instead of having no required margin by just closing and waiting for a re entry.