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strongtower

12/02/09 4:57 PM

#48387 RE: pennies2007 #48386

yeah I have never hedged before so what I have done is I have a buy at 5041 and a t/p set at 51 and a s/l set at 4975 with a short at 5050 with a t/p of 4975, no s/l

I also have another short set at 51 so if it hits 51 i nett 59 pips and will just have to wait out the short which will come eventually.

if e/u drops then both orders will just cancel out lose 75 pips and gain 75 pips. Never used hedge before. I hope e/u breaks 51 because I know my shorts will get hit in due time. If not I know it will get to 5050 again if e/u takes off
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strongtower

12/02/09 5:05 PM

#48392 RE: pennies2007 #48386

if e/u does go north again what area are we looking at?