Hi All,
I use a hedging strategy to trade after being sick of my trades going through my stop losses.
firstly, I use an 18 EMA. For example. the price crosses the line indicating the price could start going up. I buy and sell at the exact same time. Now the price has gone up 100 pips and is turning to come down, it has crossed the EMA. I exit the buy and place a buy stop above the high just in case the price goes up again. I wait for the price to come down 50 pips and take the other trade at a loss considering it may actually be a pull back anyway,
I use a hedging strategy to trade after being sick of my trades going through my stop losses.
firstly, I use an 18 EMA. For example. the price crosses the line indicating the price could start going up. I buy and sell at the exact same time. Now the price has gone up 100 pips and is turning to come down, it has crossed the EMA. I exit the buy and place a buy stop above the high just in case the price goes up again. I wait for the price to come down 50 pips and take the other trade at a loss considering it may actually be a pull back anyway,