Quote:
Originally Posted by Guyver
here is what i am looking for to abandon this hedge if the condition that is
usdchf goes < 1.2091 line if it does then i will abandon this trade because the scenerio for what bought this hedge has failed .. for profits i am still open to see how much or what would be the best price .
so as you can see this is a mixed of conventional trading with a security hedge
to limit losses.
1.2091 is the give/take figure for me but in anycase i know the loss would not be as in conventional trading .. the low at 1.2091 is what made me entered this hedge expecting it to hold .
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by eye balling the chart usdchf has one more good support at 1.2040-1.1994
so i am going let it go there if it breaks 1.2091 . till then i will have some +ve swaps and euro as a hedge.