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Hedging/averaging trades without prediction

  • #321
  • Oct 19, 2022 9:36am Oct 19, 2022 9:36am
let the coin roll
MY OPINION NOT FINANCIAL ADVISE
  • #322
  • Oct 19, 2022 10:11am Oct 19, 2022 10:11am
Great thread from the master of hedging. The man who trades without predictions. Don't you think that now that you have discovered it, trading is not what you thought it was. In my case, there was definitely a before and after, maybe not in my way of trading but in my way of thinking . Cheers Waveskierrob

Food for thought:

Can anyone tell me what conclusion could you draw after seeing that a man is able to be profitable without charting and without predictions ?

Have a good day all!
“Stops don’t limit profits — they prevent disasters.”
  • #323
  • Oct 19, 2022 10:15am Oct 19, 2022 10:15am
Quoting Dagaco
Great thread from the master of hedging. The man who trades without predictions. Don't you think that now that you have discovered it, trading is not what you thought it was. In my case, there was definitely a before and after, maybe not in my way of trading but in my way of thinking . Cheers Waveskierrob Food for thought: Can anyone tell me what conclusion could you draw after seeing that a man is able to be profitable without charting and without predictions ? Have a good day all!
Cheers buddy, hope all is good...
  • #324
  • Oct 19, 2022 10:43am Oct 19, 2022 10:43am
today was quiet, i fighted from the beginning with a slipped LONG and closed many SHORT hedges into TP. at the end of the day i closed the big LONG loss...but the day again in profit;-)
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trading is like dancing, don't think and just listen to the music!
  • #325
  • Oct 19, 2022 10:55am Oct 19, 2022 10:55am
Quoting Dagaco
Great thread from the master of hedging. The man who trades without predictions. Don't you think that now that you have discovered it, trading is not what you thought it was. In my case, there was definitely a before and after, maybe not in my way of trading but in my way of thinking . Cheers Waveskierrob Food for thought: Can anyone tell me what conclusion could you draw after seeing that a man is able to be profitable without charting and without predictions ? Have a good day all!

i trade off the break of a single candle and profitable, no info on charts just the candle.
Trade well, Wave is a master though 10/10.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #326
  • Oct 19, 2022 11:11am Oct 19, 2022 11:11am
Quoting Isabella_D
{quote} The silver bullet is to bring both positions to the finish line. only one Example: Open FDAXlong&short from 08:50 CEST, ideally areboth positions in the goal until 11:00.
you said in other post Sls need to be very wide. Would you pls show some examples with the DAX like TF, trade design TP/SL So you wait for opening candle to close and use your breakout strategy? assume market would go both sides in a certain range, if not much greed involved....
  • #327
  • Oct 19, 2022 11:15am Oct 19, 2022 11:15am
Quoting birdland
today was quiet, i fighted from the beginning with a slipped LONG and closed many SHORT hedges into TP. at the end of the day i closed the big LONG loss...but the day again in profit;-) {image}
...and that's all we want, PROFIT, my FTSE trade 18 took a while to go into profit but that's an occupational hazard .....thanks for your postings and well done with your trading it's not easy
  • #328
  • Oct 19, 2022 11:18am Oct 19, 2022 11:18am
Quoting billytt
{quote} i trade off the break of a single candle and profitable, no info on charts just the candle. Trade well, Wave is a master though 10/10.
...
  • #329
  • Oct 19, 2022 11:22am Oct 19, 2022 11:22am
I said in an earlier post that I would let someone else choose SHORT, LONG or both, a pair or indices and a time (BST) to open, 1st response I will trade
  • #330
  • Oct 19, 2022 12:01pm Oct 19, 2022 12:01pm
Quoting Waveskierrob
I said in an earlier post that I would let someone else choose SHORT, LONG or both, a pair or indices and a time (BST) to open, 1st response I will trade
Hey W

I’ll be on EURGBP tomorrow at 8am
  • #331
  • Oct 19, 2022 12:06pm Oct 19, 2022 12:06pm
Quoting Fagin
{quote} Hey W I’ll be on EURGBP tomorrow at 8am
Nice, which direction or both ...
  • #332
  • Oct 19, 2022 12:09pm Oct 19, 2022 12:09pm
Quoting Waveskierrob
{quote} Nice, which direction or both ...
Well let’s do both? Be rude not to…
  • #333
  • Oct 19, 2022 12:15pm Oct 19, 2022 12:15pm
Quoting Fagin
{quote} Well let’s do both? Be rude not to…
..it's a date
  • #334
  • Oct 19, 2022 12:18pm Oct 19, 2022 12:18pm
Quoting Waveskierrob
{quote} ..it's a date
  • #335
  • Oct 19, 2022 1:10pm Oct 19, 2022 1:10pm
Hey, I skimmed the thread and the idea I get is:

1) open both long and short with TP
2) when one side hits TP, open same side again with TP

I guess I'm missing something. How do you profit? Because the other side keeps losing.

Pat Chiko posted some pics, is that what I should study? I'm visual, so all those wonderful live trades don't quite advance my understanding.

Please, any pointers on how to proceed are appreciated.
1.02^200
  • #336
  • Oct 19, 2022 1:16pm Oct 19, 2022 1:16pm
Rob, been enjoying your thread. Any thoughts on selecting Range Bar Size when using Range Bars?
  • #337
  • Oct 19, 2022 1:25pm Oct 19, 2022 1:25pm
Quoting d5400
Hey, I skimmed the thread and the idea I get is: 1) open both long and short with TP 2) when one side hits TP, open same side again with TP I guess I'm missing something. How do you profit? Because the other side keeps losing. Pat Chiko posted some pics, is that what I should study? I'm visual, so all those wonderful live trades don't quite advance my understanding. Please, any pointers on how to proceed are appreciated.
...that's right, when the losing direction gets underwater say 20 pips then trade in that direction again no sl no tp, repeat if necessary, close when in profit, TRADE 19 good example of this...sorry don't use charts but you can tally the times I placed trade with your own chart...thanks for posting...
  • #338
  • Oct 19, 2022 1:27pm Oct 19, 2022 1:27pm
Quoting Ryder
Rob, been enjoying your thread. Any thoughts on selecting Range Bar Size when using Range Bars?
I've not considered it, but try it yourself and post your results....thanks for posting ....
  • #339
  • Oct 19, 2022 1:36pm Oct 19, 2022 1:36pm
Quoting Waveskierrob
{quote} ...that's right, when the losing direction gets underwater say 20 pips then trade in that direction again no sl no tp, repeat if necessary, close when in profit, TRADE 19 good example of this...sorry don't use charts but you can tally the times I placed trade with your own chart...thanks for posting...
Perfect, I understand now. I'll trace your trades.
1.02^200
  • #340
  • Oct 19, 2022 3:21pm Oct 19, 2022 3:21pm
Quoting WizardTrade
{quote} I will post the remaining material today. I got busy somewhere so didn't post yesterday. Catch you soon.
Look forward to your hindsight into positioning hedging to increase you chances
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