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pilger

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Posts posted by pilger

  1. Essentially Hedging is not useful unless you believe your original trade will correct itself shortly. If you enter long due to a S+R line or something of the sort, be it pivot or fib, and it continues past the line a bit, you could enter the trade short, hoping to make money on both sides of the trade. Steve Nison has a trading example he calls falling off of the roof that applies to this. Hedging typically is not a smart idea when using the same currency, however some can hedge using currency cross pairs and make money constantly doing so. I would not reccomend this unless you are well versed in reversal patterns, as an unexperienced hedge trade will always result with a negative bid (the market must go one way or another), or in worst case, both can be negative due to spread difference. Stay away initially until you become proficient.

     

    Sorry for the paragraph.

  2. Does anyone have this course?

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    I have just finished the pro trader fx full course, now im getting into the rest of his courses. This is one I cannot find through the search...

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