Hey.
I want your review on my strategy that I mainly use on grid trading backed with fundamental analysis.
So, lets say I opened a XAUUSD SELL 1910 and it went 1920 and I opened another SELL, and 1930 and so on, and then I red online that (for example) Russia invaded another Ukrainian city or Wall Street weakened, should I buy XAUUSD to hedge my losses? Or is the strength temporary and it depends on the strength of the news? I hate hedging because it can turn against me.
Your thoughts, please.
I want your review on my strategy that I mainly use on grid trading backed with fundamental analysis.
So, lets say I opened a XAUUSD SELL 1910 and it went 1920 and I opened another SELL, and 1930 and so on, and then I red online that (for example) Russia invaded another Ukrainian city or Wall Street weakened, should I buy XAUUSD to hedge my losses? Or is the strength temporary and it depends on the strength of the news? I hate hedging because it can turn against me.
Your thoughts, please.