Disliked{quote} {quote} it seems to me only 25% correlation then.. 75% trades involved in averaging... 25% was correct entries without averaging to exit wrong entries.Ignored
I don’t average down when I trade with Futures Data, that’s a quick way to a margin call.
I am a manic hedger and will defend my position at all costs. I hedge both when in profit to defend against a liquidity spike and hedge when in draw down if the Cumulative Delta flips against me.
So I defend my position if I feel their is value still being in the market.
Those comments were about that particular day where I struggled to get grips of what the big players were doing. On that day, my win rate was well below average at about 60% but I hedged my way to profit my increasing trade size on my next entry to cover trading costs.
The point of that post was to show over trading can overcome incorrect decisions with astute hedging. I still managed to end the night with a nice profit.
Lets look at last night where I hit 95% win rate because I was able to understand the intend of the big players. Please refer to the EURUSD only thread to see my post on some live calls I made. My total trades were only 45 and my hedges were only 8, 4 were while in profit and 4 were in draw down.
As a guide, a 5 pip draw down is not acceptable for me, that will be hedged very quickly.
I trade liquidity imbalances that can change at any second, it’s hard to nail trade after trade when the big players only make their plays 10 to 20 seconds before there orders are executed.
Cheers
Trading thin liquidity at the boundary of the charts
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