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Hedging/averaging trades without prediction

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  • Post #1,401
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  • Nov 27, 2022 3:04pm Nov 27, 2022 3:04pm
  •  d5400
  • Joined Aug 2015 | Status: Member | 402 Posts
Quoting sampat
Disliked
{quote} Haha why dont you telepathically post things why wasting space without any evidence or help. Just take pipe and hibernate. I really dont understand why it is so hard to post links to clarify things. There was another post earlier about robs post but no response from responder. Why to come on public forum and be cryptic just stay hidden no body is putting guns in your balls to post.
Ignored
If you truly were curious, you'd follow the quotes. I was referring to "Trading without stoploss" thread. Evidence. LOL.
1.02^200
 
3
  • Post #1,402
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  • Nov 28, 2022 1:38am Nov 28, 2022 1:38am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
Quoting sampat
Disliked
{quote} The problem what I see on ranging pair is if it breaks out it is difficult to recover and very less volatile. My personal preference is high volatile pairs like US30 or GBP/USD as I can get in and out easily where as pairs like AUD/NZD, EUR/GBP doesn't even move and swaps will kill account.
Ignored
breakouts of a ranging pair can happen to any pair, but the probabilities it will happen with longterm ranging pairs are lower.

if something breaks out and runs away, there is always the tool to hedge or close the trade sequency with a loss;-)
I know that you and I know nothing.
 
2
  • Post #1,403
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  • Nov 28, 2022 10:44am Nov 28, 2022 10:44am
  •  Akhter
  • | Joined Jun 2022 | Status: Member | 39 Posts
Quoting sampat
Disliked
{quote} I prefer same size. Lets say if I have buy EUR/USD at 1.03 with stop of 1.0280, instead of stop loss I put hedge at 1.0280 and wait for a next support or resistance, Scenario 1 : Lets say if EUR/USD moves to 1.02 and I see good support I close 1.0280 with profit and open another 1.02 buy order with stops of both at 1.0180 (if i see breakout) EUR/USD needs to move only 10 pips for me to breakeven and close the trade. Scenario 2 : Lets say after executing your pending order at 1.0280 it starts reversing back, than I wait till next resistance...
Ignored
thank you for your response...., it clears things up
 
1
  • Post #1,404
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  • Nov 28, 2022 10:46am Nov 28, 2022 10:46am
  •  Akhter
  • | Joined Jun 2022 | Status: Member | 39 Posts
Quoting Indigo45
Disliked
{quote} {image} Please refer to image. if you use SL at suppose 30 Pips in trade#1 it means you are -30, and in Next trade setup (#3), you covered that lose of 30 Pips and 30-30 = 0 Pips. Result is 1 Win 1 Lose While if you use Hedge, Your Trade Trade #3 is in 30 Pips profit and your Trade #1 and #2 hedge are at Break Even. and Results is 1 Win 1 BE If my first trade is gone wrong, I hedge and leave it from my mind. now second one gone wrong, I hedge and leave it from my mind. I hedge usually at 25-30 Pips. Price goes up or down, now matter, because...
Ignored
thanks a lot for your very detailed explanation....much appreciated
 
2
  • Post #1,405
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  • Nov 28, 2022 11:50am Nov 28, 2022 11:50am
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 4,727 Posts
Quoting appreciation
Disliked
This sort of averaging approach never works in the long-run.
Ignored
Looks like no response, if you make a statement please be able to back it up or justify, as these posts only waste your time and everybody else's...thank you ...
Soon To Be Temporarily Suspended Again
 
3
  • Post #1,406
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  • Nov 29, 2022 12:59pm Nov 29, 2022 12:59pm
  •  MJurban
  • Joined Apr 2006 | Status: Member | 864 Posts
Has anyone seen this videos from Nick Shawn, his Hedging,. IS he a scammer or is there something useful.
My English
is bit poor and he is talking very fast,
By the way, scalping the small tfs like M1 and M5 for me does not work with Stoploss but very good with Hedging instead of Sl
A typical breakout almost starts with a stopfishing and that's a winner for a hedge trade opposite to the breakout direktion
 
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  • Post #1,407
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  • Nov 29, 2022 1:13pm Nov 29, 2022 1:13pm
  •  Dubit10
  • | Joined Apr 2022 | Status: Member | 33 Posts
Quoting MJurban
Disliked
Has anyone seen this videos from Nick Shawn, his Hedging,. IS he a scammer or is there something useful. My English is bit poor and he is talking very fast, By the way, scalping the small tfs like M1 and M5 for me does not work with Stoploss but very good with Hedging instead of Sl A typical breakout almost starts with a stopfishing and that's a winner for a hedge trade opposite to the breakout direktion
Ignored
Never heard of the guy but a quick Google tells me he's selling courses and uses YouTube as his main content magnet so it immediately throws up a red flag to me.
 
1
  • Post #1,408
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  • Nov 29, 2022 1:38pm Nov 29, 2022 1:38pm
  •  Fagin
  • | Joined Jun 2020 | Status: Offline | 1,047 Posts
Quoting MJurban
Disliked
Has anyone seen this videos from Nick Shawn, his Hedging,. IS he a scammer or is there something useful. My English is bit poor and he is talking very fast, By the way, scalping the small tfs like M1 and M5 for me does not work with Stoploss but very good with Hedging instead of Sl A typical breakout almost starts with a stopfishing and that's a winner for a hedge trade opposite to the breakout direktion
Ignored
That’s weird. I’d never heard of the guy until he came up on my YouTube feed about hedging. I hate these snooping cookies hidden away on YouTube etc!

I watched a few of his vids and the ones on hedging are ok. It’s pretty much how I trade but it is by no way new, original or groundbreaking stuff.

Everything he covers is about all you need to know for free no need to to give him 300 bucks a month. Credit to him though he must be seriously coining it in….
 
4
  • Post #1,409
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  • Nov 29, 2022 2:17pm Nov 29, 2022 2:17pm
  •  d5400
  • Joined Aug 2015 | Status: Member | 402 Posts
Quoting MJurban
Disliked
Has anyone seen this videos from Nick Shawn, his Hedging,. IS he a scammer or is there something useful. My English is bit poor and he is talking very fast, By the way, scalping the small tfs like M1 and M5 for me does not work with Stoploss but very good with Hedging instead of Sl A typical breakout almost starts with a stopfishing and that's a winner for a hedge trade opposite to the breakout direktion
Ignored
Would be nice to see how you scalp with hedging
1.02^200
 
3
  • Post #1,410
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  • Nov 29, 2022 8:44pm Nov 29, 2022 8:44pm
  •  sampat
  • | Joined May 2012 | Status: Member | 261 Posts
Quoting birdland
Disliked
{quote} breakouts of a ranging pair can happen to any pair, but the probabilities it will happen with longterm ranging pairs are lower. if something breaks out and runs away, there is always the tool to hedge or close the trade sequency with a loss;-)
Ignored
The main reason of using high volatile pairs like GBP/USD is they tend to trend well even if it is ranging its range is around 200-300 pips. One can exit easily.
Range pairs tends to fakeout more often than breakout and don't respect technical like trending pairs plus pair like AUD/NZD ranges hardly 50 pips daily one can get stuck to range forever and swaps will kill account.
I guess is personal choice, I hate to stay in hedge more than a week.....
 
1
  • Post #1,411
  • Quote
  • Nov 29, 2022 8:58pm Nov 29, 2022 8:58pm
  •  soultrader
  • Joined Apr 2006 | Status: UK Veteran Trader | 562 Posts
Hedging is a loong path to you finding out that the house always wins - trust me i've done it, got more bots that do it than i have fingers and in every case the house wins.

HOWEVER if you have a fast bot that handles hedging as well as adding to the winner then you can make money at volatile times such as the US open or news time. but that's it - in and out, all auto managed stops, trailing adding new trades etc - alldone by bot because you just cant do it fast enough.
Telegram: https://t.me/soultraderforex
 
 
  • Post #1,412
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  • Nov 30, 2022 3:13am Nov 30, 2022 3:13am
  •  MJurban
  • Joined Apr 2006 | Status: Member | 864 Posts
Quoting d5400
Disliked
{quote} Would be nice to see how you scalp with hedging
Ignored
That's not so easy, maybe impossible. I'm not a hedge trader. Only when scalping for scrabbles (I use ATR(7) as tp when M1 or M5).
Thats where I take hedges instead of Sl.
Normaly early in the morning (even Asia session when I cannot sleep)
IF Later price comes to an strong support or resistance I may close the hedge.
I trade horizontal breakouts , boxes and watch HH HL and so on
Main indicator is EMA(20) Tick volume ATR(7) tf m1 m5 m15
I CONTROL my trading margin not less 300% better and normal 400% and
I close all trades no matter plus or minus, as soon as I reach my equity goal.
I want my equity grow not my balance
 
1
  • Post #1,413
  • Quote
  • Edited 4:20am Nov 30, 2022 4:06am | Edited 4:20am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
AN is one of the most boring pairs from the 28. it has a pip-range of just 3800 in more than 20 years. and a huge spread of more than 1.5 pips.

so i want to know it and lets open a random hedge now:
Attached Image (click to enlarge)
Click to Enlarge

Name: AUDNZDMonthly.png
Size: 18 KB
I know that you and I know nothing.
 
1
  • Post #1,414
  • Quote
  • Nov 30, 2022 4:08am Nov 30, 2022 4:08am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
AN random long&[email protected] 1.0771, tp3
I know that you and I know nothing.
 
1
  • Post #1,415
  • Quote
  • Nov 30, 2022 4:09am Nov 30, 2022 4:09am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
Quoting birdland
Disliked
AN random long&[email protected] 1.0771, tp3
Ignored
long +3
I know that you and I know nothing.
 
1
  • Post #1,416
  • Quote
  • Nov 30, 2022 4:14am Nov 30, 2022 4:14am
  •  Fagin
  • | Joined Jun 2020 | Status: Offline | 1,047 Posts
Quoting birdland
Disliked
AN is one of the most boring pairs from the 28. it has a pip-range of just 3800 in more than 20 years. so i want to know it and lets open a random hedge now: {image}
Ignored
Good luck bird, trade it small otherwise you might end up doing the nightshift managing it..
 
2
  • Post #1,417
  • Quote
  • Nov 30, 2022 4:21am Nov 30, 2022 4:21am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
another random [email protected] 1.0775, tp3
I know that you and I know nothing.
 
1
  • Post #1,418
  • Quote
  • Nov 30, 2022 4:22am Nov 30, 2022 4:22am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
Quoting Fagin
Disliked
{quote} Good luck bird, trade it small otherwise you might end up doing the nightshift managing it..
Ignored
thank you fagin!

dont worry, small lots/big account
I know that you and I know nothing.
 
1
  • Post #1,419
  • Quote
  • Nov 30, 2022 4:32am Nov 30, 2022 4:32am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
for clarification, i normally trade GU exclusively, so AN, these peace of sh... i have no idea about this pair and never traded it before seriously.

i have to be more aggressive, because its moving so slow like a turtle;-)
I know that you and I know nothing.
 
1
  • Post #1,420
  • Quote
  • Nov 30, 2022 4:39am Nov 30, 2022 4:39am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,515 Posts
Quoting birdland
Disliked
another random [email protected] 1.0775, tp3
Ignored
short +3
I know that you and I know nothing.
 
1
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