so the most interesting thing about this thread is the stategy behind it, not so much why 95% fail...Unfortunately fxtitan will not present his details to us but im happy enough initially to think obout it by myself an hoping others will follow. so these are my first rough thoughts about it:
the big advantages of the hedge are first that you can relocate the loss to another time and second that it may turns out that both targets get hit in a volatile or ranging market.
when set the targets to the big expected turning points (both directions) there will be some retracement 38% or more. and this is the chance to get out of the losing trade after the winning trade realised.
so at a key position you can expect a retrace of 38% fib or more. this is the controlled exit out of the looser trade: winner-> 100p profit->exit
looser- minus100p ->hold
exit the looser in the retracement zone -> this is your total profit
alpiner
the big advantages of the hedge are first that you can relocate the loss to another time and second that it may turns out that both targets get hit in a volatile or ranging market.
when set the targets to the big expected turning points (both directions) there will be some retracement 38% or more. and this is the chance to get out of the losing trade after the winning trade realised.
so at a key position you can expect a retrace of 38% fib or more. this is the controlled exit out of the looser trade: winner-> 100p profit->exit
looser- minus100p ->hold
exit the looser in the retracement zone -> this is your total profit
alpiner
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