Hedging/averaging trades without prediction | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mathematical hedging strategy without a stop loss 22 replies

'Averaging Down Is for Losers' - valid or not? 27 replies

Fast Averaging versus Slow Averaging 1 reply

Averaging 7 replies

Martigale and Averaging Down 4 replies

Attachments: Hedging/averaging trades without prediction
Exit Attachments

Hedging/averaging trades without prediction

  • #281
  • Oct 19, 2022 4:12am Oct 19, 2022 4:12am
@Waveskierrob, your strategy is to 'scalp' from the midpoint of the market volatility instead of trying to scalp from high to low or low to high. 3 to 5 pt hedged scalps quickly add up to nice profits and don't require much market movement. Correct?
  • #282
  • Oct 19, 2022 4:15am Oct 19, 2022 4:15am
Quoting Waveskierrob
{quote} Pending SHORT no sl no tp....LONG no sl tp+3...@6725
Pendings triggered
  • #283
  • Oct 19, 2022 4:18am Oct 19, 2022 4:18am
Quoting dantpm
@Waveskierrob, your strategy is to 'scalp' from the midpoint of the market volatility instead of trying to scalp from high to low or low to high. 3 to 5 pt hedged scalps quickly add up to nice profits and don't require much market movement. Correct?
I scalp from anywhere, I trade my positions back into profit regardless of where the market is ...but do avoid big news or when spreads widen...edit...yes those 3 to 5 pips added up and yes flat market is the best for me, when everyone else is complaining there is no movement and no money to be made I'm coining it in...
  • #284
  • Oct 19, 2022 4:19am Oct 19, 2022 4:19am
Quoting dantpm
@Waveskierrob, your strategy is to 'scalp' from the midpoint of the market volatility instead of trying to scalp from high to low or low to high. 3 to 5 pt hedged scalps quickly add up to nice profits and don't require much market movement. Correct?
you can actually enter a trade anywhere....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #285
  • Oct 19, 2022 4:25am Oct 19, 2022 4:25am
Quoting billytt
{quote} you can actually enter a trade anywhere....
yes and will prove it when I finish TRADE 18, I will let someone else choose a direction choose whatever low spread pair and when to place that trade
  • #286
  • Oct 19, 2022 4:31am Oct 19, 2022 4:31am
Quoting Waveskierrob
{quote} Pending SHORT no sl no tp....LONG no sl tp+3...@6725
LONG tp hit +3
  • #287
  • Oct 19, 2022 4:34am Oct 19, 2022 4:34am
Quoting Waveskierrob
{quote} LONG tp hit +3
3! every pip counts
  • #288
  • Oct 19, 2022 4:50am Oct 19, 2022 4:50am
Quoting Polimini
{quote} 3! every pip counts
I do feel that traders are after the big hit wins which is fine, but I get many little wins and therefore boosts my confidence and sometimes get big wins....if you look at a chart say GU, how often does the price move in one direction 100 pips, right now how often does the price move 3 pips in one direction...
  • #289
  • Oct 19, 2022 4:54am Oct 19, 2022 4:54am
Quoting Waveskierrob
{quote} I do feel that traders are after the big hit wins which is fine, but I get many little wins and therefore boosts my confidence and sometimes get big wins....if you look at a chart say GU, how often does the price move in one direction 100 pips, right now how often does the price move 3 pips in one direction...
i do the same. Greed is the enemy.
  • #290
  • Edited 5:23am Oct 19, 2022 4:59am | Edited 5:23am
Quoting Waveskierrob
{quote} LONG tp hit +3
Pending SHORT no sl no tp .....LONG no sl tp+3 ...@ 6750...typo error one of many today ...should read 6950...what am I like
  • #291
  • Oct 19, 2022 5:00am Oct 19, 2022 5:00am
Quoting Waveskierrob
{quote} I do feel that traders are after the big hit wins which is fine, but I get many little wins and therefore boosts my confidence and sometimes get big wins....if you look at a chart say GU, how often does the price move in one direction 100 pips, right now how often does the price move 3 pips in one direction...
Well said.
I usually now look for 200 pips per day, oops i mean 2 pips. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #292
  • Oct 19, 2022 5:12am Oct 19, 2022 5:12am
Quoting Waveskierrob
{quote} Pending SHORT no sl no tp .....LONG no sl tp+3 ...@ 6750
what is the underlying? ftse is at 6942
trading is like dancing, don't think and just listen to the music!
  • #293
  • Oct 19, 2022 5:21am Oct 19, 2022 5:21am
Quoting birdland
{quote} what is the underlying? ftse is at 6942
Typo ...edited post to 6950
  • #294
  • Oct 19, 2022 5:31am Oct 19, 2022 5:31am
Quoting Waveskierrob
{quote} Typo ...edited post to 6950
ah ok! then i intuitively understood it that way anyway;-)

so you are now averaging the shorts?
trading is like dancing, don't think and just listen to the music!
  • #295
  • Oct 19, 2022 5:34am Oct 19, 2022 5:34am
Quoting birdland
{quote} ah ok! then i intuitively understood it that way anyway;-) so you are now averaging the shorts?
Yes with pending part hedge and averaging
  • #296
  • Oct 19, 2022 5:35am Oct 19, 2022 5:35am
Quoting Waveskierrob
{quote} Yes with pending part hedge and averaging
thx, now its clear.
trading is like dancing, don't think and just listen to the music!
  • #297
  • Oct 19, 2022 5:36am Oct 19, 2022 5:36am
Quoting birdland
{quote} thx, now its clear.
and mix in some patience....either have a winner or longer term trade.......
  • #298
  • Oct 19, 2022 5:56am Oct 19, 2022 5:56am
Quoting Waveskierrob
{quote} Patience very relevant to this thread.....where do I get it from, tired of losing ...
that is such a good&true statement!
trading is like dancing, don't think and just listen to the music!
  • #299
  • Oct 19, 2022 6:21am Oct 19, 2022 6:21am
Waves do you have a target of how many pips/ points you want to bank a day? Or do you have a trade criteria how many positions open a day or roughly should we say?

would you happy with 10 trades a day?
  • #300
  • Oct 19, 2022 6:26am Oct 19, 2022 6:26am
Futhermore how many pips in red would you apply a hedge? I.e minus - 10 pips apply a hedge

this would work perfect for price around pivot levels. Look forward to giving this a go. It’s probably best to stick with 1 instrument and get a feel for it
5 traders viewing now