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Hedging/averaging trades without prediction

  • #301
  • Oct 19, 2022 6:31am Oct 19, 2022 6:31am
Quoting RieseP
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?
Thanks for post.......No never I think targets are dangerous, they will make you force trades as you get impatience towards end of day to hit your target....if you look at Mondays trading to todays you'll see a big difference, market gives you what it gives you don't force it ....
  • #302
  • Oct 19, 2022 6:35am Oct 19, 2022 6:35am
Quoting RieseP
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
I don't have a plan when to average, I personally don't use price pivot levels but if you can make that work for you great, maybe pass you knowledge on to others via this thread, there is no right and wrong just ideas ....but yes please mess about with it on demo start basic then build ....
  • #303
  • Oct 19, 2022 6:40am Oct 19, 2022 6:40am
Quoting Waveskierrob
{quote} Thanks for post.......No never I think targets are dangerous, they will make you force trades as you get impatience towards end of day to hit your target....if you look at Mondays trading to todays you'll see a big difference, market gives you what it gives you don't force it ....
can you expand what make you open a position in the first place. What do you look for?
  • #304
  • Oct 19, 2022 6:44am Oct 19, 2022 6:44am
A better way to probably trade this. Is Identify where new highs and lows are formed. This of MM or bankers where would you go to hunt them Stop losses. That way your waiting for price to come to you. Getting your 3 to 5 pips before market reverses back
  • #305
  • Oct 19, 2022 6:47am Oct 19, 2022 6:47am
Quoting RieseP
{quote} can you expand what make you open a position in the first place. What do you look for?
Not near news (although working on it) or when spreads widen...thats it I'm afraid I don't look at charts they make me bias...
  • #306
  • Oct 19, 2022 6:49am Oct 19, 2022 6:49am
Quoting RieseP
A better way to probably trade this. Is Identify where new highs and lows are formed. This of MM or bankers where would you go to hunt them Stop losses. That way your waiting for price to come to you. Getting your 3 to 5 pips before market reverses back
...again if it works for you try it, then post your finding for everyone else to see...
  • #307
  • Oct 19, 2022 6:53am Oct 19, 2022 6:53am
Quoting Waveskierrob
{quote} ...again if it works for you try it, then post your finding for everyone else to see...

ok last question when would to apply hedge? Like what - pips that you create a hedge in place? Sorry if said this before and I have missed it
  • #308
  • Oct 19, 2022 6:58am Oct 19, 2022 6:58am
Quoting RieseP
{quote} ok last question when would to apply hedge? Like what - pips that you create a hedge in place? Sorry if said this before and I have missed it
Place hedge whenever you want ... again try on demo see what works for you..I can't tell you, you need to experience it
  • #309
  • Oct 19, 2022 7:51am Oct 19, 2022 7:51am
Quoting Waveskierrob
{quote} 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
Cancelled pending orders
  • #310
  • Oct 19, 2022 7:53am Oct 19, 2022 7:53am
Pending SHORT no sl no tp ....LONG no sl tp +3 ...@ 6935
  • #311
  • Oct 19, 2022 8:35am Oct 19, 2022 8:35am
Quoting Waveskierrob
Pending SHORT no sl no tp ....LONG no sl tp +3 ...@ 6935
Pending trades triggered ....LONG tp hit +3
  • #312
  • Oct 19, 2022 8:50am Oct 19, 2022 8:50am
Quoting Waveskierrob
TRADE 18 ...FTSE.... LONG and SHORT no sl tp +3...@ 8696
Close all 4 SHORTS @ 6910 = -20, -5, +15, +25 = +15
  • #313
  • Oct 19, 2022 8:51am Oct 19, 2022 8:51am
Quoting Waveskierrob
{quote} Close all 4 SHORTS @ 6910 = -20, -5, +15, +25 = +15
TRADE 18 total +30 .......running total +263...
  • #314
  • Oct 19, 2022 9:11am Oct 19, 2022 9:11am
TRADE 19...EG... SHORT and LONG no sl tp+1...@ 8696
  • #315
  • Oct 19, 2022 9:12am Oct 19, 2022 9:12am
Quoting Waveskierrob
TRADE 19 SHORT and LONG no sl tp+1...@ 8696
LONG tp hit +1
  • #316
  • Oct 19, 2022 9:14am Oct 19, 2022 9:14am
Quoting Waveskierrob
TRADE 19 SHORT and LONG no sl tp+1...@ 8696
SHORT to hit +1
  • #317
  • Oct 19, 2022 9:15am Oct 19, 2022 9:15am
TRADE 19 total +2 .....running total +265
  • #318
  • Oct 19, 2022 9:17am Oct 19, 2022 9:17am
Quoting Waveskierrob
TRADE 19 total +2 .....running total +265
That is the best hedging i have ever seen. Damn Brilliant imo
  • #319
  • Oct 19, 2022 9:24am Oct 19, 2022 9:24am
Quoting T721
{quote} That is the best hedging i have ever seen. Damn Brilliant imo
Thanks ...
  • #320
  • Oct 19, 2022 9:26am Oct 19, 2022 9:26am
I really like the tittle of this thread, the words "Without Prediction" is so make sense, i hope everyone keep following the rules, and make this thread more valuable
Using Chaos to Finding Order
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