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drayco · 07-07-2006, 14:38

FxGenius,
I like your explained method. Do you actually trade that way?
I was thinking of the (3 year high - current price) / 200 = #minis to buy and (current price - 3 year low) / 200 = #minis to sell. Each time one is in profit by 200 = exit that mini and keep doing it until a fib pullback gives a net profit for the entire trade. I was looking to use GBP/US for the 200 pip moves and to time my entries during the beginning of a narrow BB.
Your method sounds better because i don't have to buy and sell so many minis at the start.

07-07-2006, 14:38	#7
drayco level 1 Join Date: May 2005 Posts: 18 Downloads: 0 Uploads: 0 Rep Power: 0	Re: hedging idea for trading your own $ FxGenius, I like your explained method. Do you actually trade that way? I was thinking of the (3 year high - current price) / 200 = #minis to buy and (current price - 3 year low) / 200 = #minis to sell. Each time one is in profit by 200 = exit that mini and keep doing it until a fib pullback gives a net profit for the entire trade. I was looking to use GBP/US for the 200 pip moves and to time my entries during the beginning of a narrow BB. Your method sounds better because i don't have to buy and sell so many minis at the start.