I do believe there will be an opportunity to short this pair soon!
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Mathematical hedging strategy without a stop loss 22 replies
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Disliked{quote} GU Add on news liquidity sweep below. Trying luck buying at discount.{image}Ignored
Disliked{quote} Thanks Whale. You chart is 5 step ahead of me. I only draw two step ahead ( projection). With BoE Interest Rate, they ( IT) may just want to buy cheap chaep (discount) and sell it expensive later ( on the news). Here's my newbie chart.{image}Ignored
Dislikedto me it is obvious that the market will bottom and then go up, but what does that have to do with the thread title "hedging/averaging trades without prediction"?Ignored
DislikedSince thread is kinda quiet, info for you my friends. Positions are almost changed. Be ready to buy on low. If price stabilize itself in few minutes, we can go for it. Sadly my analysis is a bit restricted as I am on the phone with no access to PC. Wish I could give you exact level to buy but sadly I can't. I'm sure you guys can achieve it. Happy trading! SF {image}Ignored
Disliked{quote} I think 1.2222 should be fine to buy from. Please which indicator shows the short/long on your phone?Ignored
Disliked{quote} Highly positive. Remember we will see price BELOW the last low on m1 TF before going up. Sentiment is from myfxbook. Updated once a hour. SF {image}Ignored
Disliked{quote} No problem. I'm here to help. Always willing & always for free. :'D Be careful. I should had explained that when sentiment is changing, you cannot buy or sell immediately. You will have to deal with even 60 pips drawdown. Always check for extreme low (or high if more people buy of course...). You can go from H4 to H1 and then 30m & 5m and 1m, as you feel comfortable with. You can see that 1 minute chart is broken and we see no sign of reversal. This is because sentiment didn't changed fully for now. And even if it does, price can go even...Ignored
Disliked{quote} No problem. I'm here to help. Always willing & always for free. :'D Be careful. I should had explained that when sentiment is changing, you cannot buy or sell immediately. You will have to deal with even 60 pips drawdown. Always check for extreme low (or high if more people buy of course...). You can go from H4 to H1 and then 30m & 5m and 1m, as you feel comfortable with. You can see that 1 minute chart is broken and we see no sign of reversal. This is because sentiment didn't changed fully for now. And even if it does, price can go even...Ignored
Disliked{quote} We'll catch the low SF, no worries, just need to find the right TF.Ignored
Disliked{quote} Sir, after the sentiment changes, does it now mean that the coming weeks will be bullish?Ignored
Disliked{quote} When price is bullish for long timeframe, most people SELL. Price starts going down, people will start BUYING. So, sentiment changes from sell to buy. We can buy WITH majority. They are right when sentiment changes. They really catch low & high. But in this example, price will go UP and people instead of longing, starts to sell. And we will hold the buy. You need to understand that price will have to change its direction. It can happen price will go down again. You can take a loss. But when trend is established, you will be able to get long...Ignored
Disliked{quote} When price is bullish for long timeframe, most people SELL. Price starts going down, people will start BUYING. So, sentiment changes from sell to buy. We can buy WITH majority. They are right when sentiment changes. They really catch low & high. But in this example, price will go UP and people instead of longing, starts to sell. And we will hold the buy. You need to understand that price will have to change its direction. It can happen price will go down again. You can take a loss. But when trend is established, you will be able to get long...Ignored