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  • #201
  • Jan 12, 2021 7:16pm Jan 12, 2021 7:16pm
Quoting dieguito80
Ciao Soul good evening almost time to sleep here..but first i would like to say and send you a big thanks for all your precious advise and if i' m not to mutch unpolite i woud have onother question the last ..maybe hih hih hi....the most important i guess..what to do if the price retourn in the original direction (without make eough retracement for reach at least break even in relation with the other position)after close the second recovery position?so let s exaplane: -I open one position(buy) -the price goes in the opposite direction -i open recovery...

Yep, and this is the bit you have to get used to - you can hedge, hedge again etc as many times as you like. here's the thing though - you have to have something to hold onto as a basic truth - and that truth is the daily trend because 95% of the time the price carries on to that trend.

however even if it doesnt you can always add to the hedge and add to the original position too - this brings the line closer to you all the time withou actually increasing the open loss. That's what 500:1 leverage is for. this is also why you cannot make money without having money in the first place - this is also why i never take more than one sequence at a time, because you need that leverage.
https://linktr.ee/Soultrader
  • #202
  • Jan 13, 2021 12:25am Jan 13, 2021 12:25am
Quoting Wags
{quote} trade lower volatility pairs on a higher timeframe would be a start i.e 4h plus i find most (nearly all) my losses (stop outs) come on certain GBP pairs when trading 1H or below
Stop-outs on GBP...it doesn't surprise me. I write many programs to analyze price data - it helps my trading a lot.
One of them analyzes pairs on 3 risk factors, of which one is direction changes.

GBPCAD and GBPNZD are top of the risk pyramid almost (see Direction Changes - red is high risk).
GBPCHF has average risk - GBPJPY is low risk though.
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  • #203
  • Jan 13, 2021 3:19am Jan 13, 2021 3:19am
Quoting fxke62
{quote} Stop-outs on GBP...it doesn't surprise me. I write many programs to analyze price data - it helps my trading a lot. One of them analyzes pairs on 3 risk factors, of which one is direction changes. GBPCAD and GBPNZD are top of the risk pyramid almost (see Direction Changes - red is high risk). GBPCHF has average risk - GBPJPY is low risk though. {image}

That's interesting data.
https://linktr.ee/Soultrader
  • #204
  • Jan 13, 2021 3:55am Jan 13, 2021 3:55am
Ciao Soul..here we are..add some position at the original one and also at the recovery?it means that in stand to wait till the price break and goes out from my recovery zone (between the first and second position)wich is also the zone were i'm flat without gain or losses(i could buy time ..one option for instance.. in the meanwhile hi hi hiiiiii)..joke apart..you say me to open some other position maybe take some profit and wait till the gain is higher or at break even with the flowting loss?
  • #205
  • Jan 13, 2021 5:10am Jan 13, 2021 5:10am
Quoting dieguito80
Ciao Soul..here we are..add some position at the original one and also at the recovery?it means that in stand to wait till the price break and goes out from my recovery zone (between the first and second position)wich is also the zone were i'm flat without gain or losses(i could buy time ..one option for instance.. in the meanwhile hi hi hiiiiii)..joke apart..you say me to open some other position maybe take some profit and wait till the gain is higher or at break even with the flowting loss?
There is a guy that does something similar here in FF - BillyTT. He works with ADR and is doing great:

https://www.forexfactory.com/thread/...ppy-trading-ej

Regards
Swnlobo
  • #206
  • Jan 13, 2021 5:27am Jan 13, 2021 5:27am
Quoting dieguito80
Ciao Soul..here we are..add some position at the original one and also at the recovery?it means that in stand to wait till the price break and goes out from my recovery zone (between the first and second position)wich is also the zone were i'm flat without gain or losses(i could buy time ..one option for instance.. in the meanwhile hi hi hiiiiii)..joke apart..you say me to open some other position maybe take some profit and wait till the gain is higher or at break even with the flowting loss?
no, what i'm saying is that you find your own way of doing it.
https://linktr.ee/Soultrader
  • #207
  • Jan 13, 2021 6:45am Jan 13, 2021 6:45am
Thank s man i will take a look
  • #208
  • Jan 13, 2021 11:54am Jan 13, 2021 11:54am
Hi Soul - this is a really interesting thread and enjoying your commentary. Back on post 199 you stated

"If the trade wins then great, cancel the hedge take your money. if not... -

i am trying to fathom out what this means - if you have locked in a hedge because its gone against you, you have this gap where you have a long that's in a losing position and a short that's losing - if you are in "the gap", As soon as price comes out of the gap then you have a position that's positive but also a position that is now very negative - if you cancel the hedge you lose. Its impossible to win at the point without taking further positions. Wondered if you could elaborate a little Thnx.
  • #209
  • Jan 13, 2021 1:09pm Jan 13, 2021 1:09pm
Quoting Toccata
Hi Soul - this is a really interesting thread and enjoying your commentary. Back on post 199 you stated "If the trade wins then great, cancel the hedge take your money. if not... - i am trying to fathom out what this means - if you have locked in a hedge because its gone against you, you have this gap where you have a long that's in a losing position and a short that's losing - if you are in "the gap", As soon as price comes out of the gap then you have a position that's positive but also a position that is now very negative - if you cancel the...
lets say my first trade was long - then went bad on me so i hedged.

if price keeps going down then gives me a new long signal two things can happen - either the hedge is in profit because it fell enough - in that case you would close the hedge and take the profit on the hedge. the second scenario is that you hedged at the wrong place and the trend turned. at this point you have a long that's losing and a short that's losing - you are feffectively flat but can't get out.

In this situation I double the first trade bringing the trade closer to me - if the price goes above this then if it keeps going then there comes a point where the two trades together are in a profit situation. now you CAN close both here and take the profit balance, OR you wait for the next signal down, close the long and work on the short again - double it whatever.

Now i don't like to take a loss so i always work both positions into profit.

Again, this is what leverage is for and this is why i only take a single pair at a time - i call this a sequence.

MOST of the time my first trade is right (although this week has been questionable) and that's where the money is made - but to be honest the bigger money is made when i'm wrong and i end up at say 100:1. I always aim for 20 - 30 pips, rarely more. so if im in say 1 lot at the beginning then it's 20 pips on 1 lot, if im at 8 lots after some hedges and adding i aim for 20 pips at 8 lots etc etc.

any clearer?
https://linktr.ee/Soultrader
  • #210
  • Jan 13, 2021 1:21pm Jan 13, 2021 1:21pm
I wouldnt normally do this - but heres a look at a real trade open now
video https://ttprivatenew.s3.amazonaws.co...1-07-18-40.mp4
https://linktr.ee/Soultrader
  • #211
  • Jan 13, 2021 2:21pm Jan 13, 2021 2:21pm
Interesting Soul. So I assume this works if the majority of the legitimate trades TP reaches a level beyond the entry level of the hedge, otherwise the opposite would happen. ie. It would take a while but eventually you would end up with less than you put in. So it’s like an overlapping grid ?

it’s like you have three type of trade, your primary trade, your hedge and you recovery trade ?
  • #212
  • Jan 13, 2021 2:56pm Jan 13, 2021 2:56pm
Quoting rogerha
Interesting Soul. So I assume this works if the majority of the legitimate trades TP reaches a level beyond the entry level of the hedge, otherwise the opposite would happen. ie. It would take a while but eventually you would end up with less than you put in. So it’s like an overlapping grid ? it’s like you have three type of trade, your primary trade, your hedge and you recovery trade ?

not really, with ctrader you only ever have one trade each way - when you add to a trade it just moves the line. all the reporting etc is for a single trade. you can do them seperate if you want to, but i find it so much clearer just to add and have two lines on the chart


see on that trade in the video i'm now long only, took £346 nett on the hedge and now working the original trade which is now doubled to 6.4 lots. if the trade decides to go back down then I have another hedge ready to go, mostly that doesn't happen and the reason that the hedge is ready is because i'm going to have an hour's sleep on the couch i'm always up till like 3am ish and back up at 8am so i catch a few power naps here and there.
https://linktr.ee/Soultrader
  • #213
  • Jan 13, 2021 3:04pm Jan 13, 2021 3:04pm
So I assume you have had another signal long, but still in drawdown from your original trade less the value of the hedge ? Price hasn’t got up to the original entry of the original trade ?
  • #214
  • Jan 13, 2021 3:09pm Jan 13, 2021 3:09pm
Quoting rogerha
So I assume you have had another signal long, but still in drawdown from your original trade less the value of the hedge ? Price hasn’t got up to the original entry of the original trade ?
yes, original trade is now doubled again at 6.4 lots and 35 pips away from price. I have a sneaky feeling that it may go down for the second leg of a W before going up but could still go lower, hence i'll just do the same again if it does. ps, i remember you from the past when you first joined
https://linktr.ee/Soultrader
  • #215
  • Jan 13, 2021 3:13pm Jan 13, 2021 3:13pm
Quoting soultrader
{quote} yes, original trade is now doubled again at 6.4 lots and 35 pips away from price. I have a sneaky feeling that it may go down for the second leg of a W before going up but could still go lower, hence i'll just do the same again if it does. ps, i remember you from the past when you first joined
We were both a lot younger then mate
  • #216
  • Jan 13, 2021 3:13pm Jan 13, 2021 3:13pm
i've just hedged again, so now im long 6.4 and short 6.4 - the gap is now smaller between them of 40 pips - i'm actually happy to leave until asia now and see which direction takes over. I dont really fancy going to 12 lots tonight, maybe tomorrow. The open loss is actually identical to what it was before i took the 30 phedge profit, just that the gap is now significantly smaller and easier to get out of
https://linktr.ee/Soultrader
  • #217
  • Jan 13, 2021 3:24pm Jan 13, 2021 3:24pm
I was probably a bit stupid 14 years ago Soul, I was re-reading the other day some of my posts on a few forums from when I got into this, and only now do I realise the distance travelled.

So at some point, you will call the loss on the original long here if the shorts start to run ?
  • #218
  • Jan 13, 2021 4:01pm Jan 13, 2021 4:01pm
Quoting soultrader
I wouldnt normally do this - but heres a look at a real trade open now video https://ttprivatenew.s3.amazonaws.co...1-07-18-40.mp4
If I am not mistaken, this appears to be hedging plus averaging down. What is the maximum number of turns/lots you are prepared to go if the the price keeps turning before your target/BE is hit?
  • #219
  • Jan 13, 2021 5:26pm Jan 13, 2021 5:26pm
i folks.the crucial point for my point o view is to correctly react in wha kind of market we are..let s explane:if we enter in a lateral market (and we know always later)we react in one way if we enter in a trendy market with a lot of gamma we react in onother way..more in details
-choppy market=buy1lot sell 1lot close tgat one is in gain and wait till the market retrace
-trendy condition=we double our recovery position buy 1 lot sell 2 lot and wait till the gain is enough to close all.
-if the market from trendy retourn again choppy we transform all our open position flat and stay in box again buy1 lot sell 2 lot buy onother lot so our net position retourn to be flat.i think in the end it s like change the gear in our car.what do you think about it?any suggestion?
  • #220
  • Jan 13, 2021 6:12pm Jan 13, 2021 6:12pm
Quoting danjuma
{quote} If I am not mistaken, this appears to be hedging plus averaging down. What is the maximum number of turns/lots you are prepared to go if the the price keeps turning before your target/BE is hit?
to be fair i dont have to average down any more - the price has to enter a trend - when it does i will wait for the retrace and then close one of them - the other one only has to move 30 pips or so to leave the sequence even slightly in profit. i can do this forever if needs be, doesnt mean i have to increase anymore, i just find that it makes it faster.

Hedging is not really there to make money, it's to not lose money - most of the time it makes, sometimes it's a break even proposal
https://linktr.ee/Soultrader
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