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  1. #1
    Specialist Member TAllen1429's Avatar

    USDJPY trade just opened !!!

    USDJPY trade just opened
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    The USD/JPY has just broken beneath a major support level.

    I have selected the 1 hour expiry time to provide underlying fundamentals enough time to support the down direction.

    I have wagered $400 which is 2% of my balance. This percentage will ensure that 82% of my account will still be intact if I unfortunately sufferred
    10 consecutive losses.

    Will look to improve my reward-to-risk ratio as trade progresses.

  2. #2
    Administrator Martin Kay's Avatar
    Looks like the charts are going the right direction. Should we enter 15 mins Put on currect levels?

  3. #3
    Specialist Member TAllen1429's Avatar
    I have just paired the trade by opening a CALL with 15 minutes to go. Same wagered amount.

    Have window of opportunity to win double profit. Risk is reduced as winning trade will almost negate losing one.

    Have done this because of volatile conditions and to minimize losses

  4. #4
    Administrator Martin Kay's Avatar
    im following http://forums.binaryoptionsthatsuck....rry-on-USD-JPY


    Quote Originally Posted by TAllen1429 View Post
    I have just paired the trade by opening a CALL with 15 minutes to go. Same wagered amount.

    Have window of opportunity to win double profit. Risk is reduced as winning trade will almost negate losing one.

    Have done this because of volatile conditions and to minimize losses

  5. #5
    Senior Member LeeChang's Avatar
    The momentum looks good for one hour put on USD/JPY. I hope you will have double profit here Terry! For me it is too risky to hedge this way, but if you are aware of what you are doing you could bank good profit from situations like that.

  6. #6
    Specialist Member marvel's Avatar
    I am with you guys on bullish side of the trade. I think short term we will see nice rebound. I entered on 99.10 call in USD/JPY with 30 minutes expiry. I am almost sure it will end in the money!

  7. #7
    Administrator Martin Kay's Avatar
    Looks like the 1 hour strategy is in the money. lost the hedging position but turned in the money on first position.

  8. #8
    Specialist Member TAllen1429's Avatar
    The first trade ended 'in-the-money' while the second was 'out-of-the-money'.

    The reason that I often pair trades is to reduce the overall risk exposure especially when conditions were volatile.

    Also, when I opened the second trade, price was bouncing against the lower Bollinger band.

    Very interesting comments provided

  9. #9
    Rookie Member
    USD/JPY is trending down today with relatively big volatility and I don’t see hedging of short term trades with even shorter ones to be reasonable at all, but if this is just an experiment there is no problem to test it. Hedging is mostly for long term trades when you could see more precisely that your initial expectations are no longer active and to spot in advance the movement and to hedge appropriately in order to not lose money.

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