Atilla
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thats all im trying to say
Was beginning to wonder but I'm so glad you've clarified that Flash. :cheesy:
thats all im trying to say
Crazy idea. Going long and short at the same time just means you pay twice as much for the spread and commission. The only people that would promote this way of trading are brokers as they are the one's who truly profit in this scenario.
Lee
I follow solely usdjpy on m1 timeframe,
If i take long term long position at bottom of range market,
Can you take short positions while markets take small downmoves within the range?
(I use mt4 with Alpari)
Any advice would be great
Greg
On the MT4 (depending on your broker) it is possible to have long as well as short positions in the same currency pair.
yes but its completely pointless and you lose the cost of the spread. Please read the thread and see what we are saying. I just find this asmazing that so many cant see this
The majority in this forum can't see or understand the obvious, it is a human trait. They seek validation of their ideas via consensus rather than sound reasoning. If the majority of people think an idea is good, then the conclusion most people reach is, it must be a good idea. It never ceases to amaze me.
Going Long and Short the same market, at the same amount, at the same time can be advantageous, as it's about positioning, not about immediate profits - sometimes you have to look at the longer game.
Im sure we are all waiting to hear how this can be advantageous to us. If you are one long and one short you are flat. If you are two long and one short you are one long net.There is no way this can be of any use,even during news it cannot help and could be very dangerous.
Going Long and Short the same market, at the same amount, at the same time can be advantageous, as it's about positioning, not about immediate profits - sometimes you have to look at the longer game.
yes but its completely pointless and you lose the cost of the spread. Please read the thread and see what we are saying. I just find this asmazing that so many cant see this
The EUR/JPY is down on all time frames except Daily - I have a Daily support level at 127.00 - 127.10. The market came to that level overnight and bounced. I went long 127.445 / SL:127.28. It came up to 127.90 where I have 4H & 1H lower S/R. I closed half my position.
I had no short signal, so continue to hold my half position long.
It then comes up to 30M upper resistance @ 128.15 - a 30 minute close above this level, would get me thinking it might start reversing up in the longer term. It closed 4 points higher. I then got a sell signal, so I sold 1 position at 128.16 / SL 128.405 - it came back to 4H & 1H support - I closed half my position.
So I'm now long and short the same market, at the same value at the same time - I'm not profiting any further, but I already have profited and have NO risk on ether position. I can still jump in and out the market if I choose, or just wait until one position gets taken out for no loss and take it from there.
You may not agree, but I feel that my positional play out ways the craving for immediate profit - I can relax and go to the gym with two great positions established.
Yes I'm flat in terms of profit, but as I keep saying, I have two good positions - one long at the bottom of the (European) day in agreement with the daily trend and one short at the top of the day in agreement with the 1H & 4H trends. It's not costing me anything to hold, so I will wait to see if the market shows its hand, and then I'll add position/s accordingly.
I've been to the gym and the market is still at the same level as I left it - at the 1H & 4H S/R zone - I don't want to close and then try to re-enter middle market - I'd much rather hold my positions until I get an idea of where it's going.
You've been around a few years and yet you're still stuck on watching profits, if you don't get the advantage gained from POSITIONING, that's fine with me, I don't need to waste my time trying to convince you.