Why hedge paragraph 1-1?
The price is consolidate in the middle zone of history, could not confirm direction.
Why hedge paragraph 2-2?
The price is big callback in the middle-high zone of history, not only want to get the the reverse huge profits of callback, but also want to maintain a long-term positions.
Why hedge paragraph 3-3?
The price is consolidate in high zone or low zone of history, would like to seize the opportunity once in a few years, and make a long-term positions "top grasping" and "bottom fishing ".
Huge heading positions, so long time consolidation, should be wary of a huge burden of overnight interest rate differential.
So the hedge paragraph 3-3 is the most worthy of a bold gamble and a bold stroke!
Mirroring graphics! Negative understanding!