Disliked{quote} Yes 2 fails today, which is not very common but can happen. Have a look at the hourly bar breaks to fix your fail. You will see most of the time when an hourly bar breaks, it can go a long way.Ignored
I wasnīt looking at the chart for the last hour now but after looking at it now the second break of the high was already good for +35. So the third opposite break (first break high failed, second break low failed, then high again). Based on my stats if the first break fails and the second too, at least the third break will make the +5. at something like a 95% chance. Yes still there is chance for whip and it will not break for +5 after numerous more tries up and down.
Anyways i still struggle a bit in my thinking process of how i would now want to let go one side of the hedge.
While the positive side is increasing in size i guess i would now want to start looking ONLY for a short trigger to book in what ever there is positive and having the negative side of it decreasing for 17 Pips too. Then i would be back to break even. The BillyBar break from a statistical point of view however is only good for +5 so probably not a good idea trying to fix it with that?
Otherwise i still cannot see the real effective advantage over the hedge if not trying to get out of both sides at $0 zero at least. I could then also have realized the -17 Pips same as good and looking to make +17 with the next entry long or short or maybe waiting until the +5īs would have compensated for it summing up + hopefully leaving a net gain by the end of the month. Last not going to happen, only on a very good month without more than a few fails higher than 10 Pips each.
regards!
(wasn't exactly the billy bar trade, but close enough)
