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Hedging/averaging trades without prediction

  • #441
  • Oct 21, 2022 5:53am Oct 21, 2022 5:53am
Quoting nveemjay
{quote} It will help with additional learning and situation.
Sorry but I post live trades I don't know how my "after the fact screen recordings" will help apart from my ego and what do you mean by "screen recordings" ???..thanks...
  • #442
  • Oct 21, 2022 6:36am Oct 21, 2022 6:36am
Quoting Fagin
{quote} Ha! no not yet a bit early for me, sorry I can be a bit random. What I mean't was hedging can be like playing darts pissed, if you don't have a plan to manage the 1st hedge after you've released the loss hedge. I first got into trading hedge this way, but I think your method whilst slower is safer to fill the pot with drips rather than this which is > trade, hedge, close hedge and manage trades with a next hedge pending just in case. I think wizard mentioned about other methods as well which i think I also trade a similar set up. Trade Management,...
Hi Fagin.
1st, i am saying nothing negative about Waves hedging, he trades that very well.
Years ago i was doing this but i quickly adjusted the trading style, to my own style.
Plus i was selective with my trades as i still do. so i fix a fail by countering and this is the hedge part.
As long as you are with the prime movement you will not lose.
Follow the market makers even with hedging yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay.
trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #443
  • Oct 21, 2022 7:12am Oct 21, 2022 7:12am
Quoting billytt
{quote} Hi Fagin. 1st, i am saying nothing negative about Waves hedging, he trades that very well. Years ago i was doing this but i quickly adjusted the trading style, to my own style. Plus i was selective with my trades as i still do. so i fix a fail by countering and this is the hedge part. As long as you are with the prime movement you will not lose. Follow the market makers even with hedging yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay. trade well all.
Happy to receive negative comments as long as you can justify them....I'm a big boy now and still open to others ideas...
  • #444
  • Oct 21, 2022 7:40am Oct 21, 2022 7:40am
I can't explain what I did but ended up with +12.6
Attached Image (click to enlarge)
Click to Enlarge Name: hedge averaging demo 1.PNG Size: 22 KB
  • #445
  • Oct 21, 2022 7:52am Oct 21, 2022 7:52am
Quoting akwaig
I can't explain what I did but ended up with +12.6 {image}
Looks like you been averaging and hedging you trades, now keep repeating until you are the richest man in the world...after you've practiced on demo for a month...
  • #446
  • Oct 21, 2022 8:49am Oct 21, 2022 8:49am
Waveskierrob, I accept your method is good. I am not negative here. I am not able to understand it. So, I asked you to share your recording screen when trading.


Anybody in this group can clearly teach me. I am not a good learner of theory study.
  • #447
  • Oct 21, 2022 8:52am Oct 21, 2022 8:52am
Quoting nveemjay
Waveskierrob, I accept your method is good. I am not negative here. I am not able to understand it. So, I asked you to share your recording screen when trading. Anybody in this group can clearly teach me. I am not a good learner of theory study.
i am probably worse than you, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #448
  • Oct 21, 2022 9:04am Oct 21, 2022 9:04am
Quoting nveemjay
Waveskierrob, I accept your method is good. I am not negative here. I am not able to understand it. So, I asked you to share your recording screen when trading. Anybody in this group can clearly teach me. I am not a good learner of theory study.
just go back to page 1, read Waveskierrob's posts, and put his trades on your chart. He explains what he does as well. It takes some effort to get it.
1.02^200
  • #449
  • Oct 21, 2022 9:11am Oct 21, 2022 9:11am
Quoting billytt
{quote} Hi Fagin. 1st, i am saying nothing negative about Waves hedging, he trades that very well. Years ago i was doing this but i quickly adjusted the trading style, to my own style. Plus i was selective with my trades as i still do. so i fix a fail by countering and this is the hedge part. As long as you are with the prime movement you will not lose. Follow the market makers even with hedging yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay. trade well all.
Hi Billy, as ever the ugly margin debate rears it's head with this type of trading. Using a bigger size is good if you have a decent margin and a counter/s thats bulletproof. Or size down and trade peanuts (but many of them).

There is more than one way to skin a cat i suppose? (sorry cat people can you even say that anymore?)
  • #450
  • Oct 21, 2022 9:21am Oct 21, 2022 9:21am
Quoting nveemjay
Waveskierrob, I accept your method is good. I am not negative here. I am not able to understand it. So, I asked you to share your recording screen when trading. Anybody in this group can clearly teach me. I am not a good learner of theory study.
Yea sorry I'm not that techy, I'm old school I think you have everything there to see what I'm doing, if someone else knows about this "recording screen" and would like to post their results please do.....but im afraid d5400 is right just have to get use to my way ....
  • #451
  • Oct 21, 2022 9:48am Oct 21, 2022 9:48am
Quoting nveemjay
Waveskierrob, I accept your method is good. I am not negative here. I am not able to understand it. So, I asked you to share your recording screen when trading. Anybody in this group can clearly teach me. I am not a good learner of theory study.
just take your time.

it took me years to understand excellent traders like "notatrader", "dancingphil", "billyt", "davit" or "lemencenaire"...legends here.

now wave came the way and it made "click" with hedging...i was even a hedgefundmanager 20 years ago on the stockmarket (different story) and didnt know what they where talking about....

so take your time!
trading is like dancing, don't think and just listen to the music!
  • #452
  • Oct 21, 2022 10:15am Oct 21, 2022 10:15am
last day of the week and i had a shitty trading at the start. i know it's friday (danger of a freight train or trend day very big), i know that averaging is dangerous. and what do i do? on the way down i opened longs and did stupid averaging. only after the 5th long i realised that averaging without opening hedges is not a good idea.

so i started to go into the forest to get some fresh air and then to turn the rudder around and fight bad, old habits. there was no turning back ;-)

i will show this day and with it the whole week. then no more, if then i will show livetrades that i enter. but please don't expect anything. i dont want to feed ego.

floating loss is getting bigger, but i bagged more than +200 pips today and i could close everything immediately and it would still be a week with well over +500 pips.

normally i have between 50-100 pips profit per week, trading only GU, trading with SL. however, with higher lot sizes.

nevertheless, the way of hedging is a complete success for me and i thank you wave for showing this simple way without financial interest so openly here.

simply a big thank you! it has made eureka as billy or sokrates would say ;-)
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #453
  • Oct 21, 2022 10:23am Oct 21, 2022 10:23am
only one time because its fun
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trading is like dancing, don't think and just listen to the music!
  • #454
  • Oct 21, 2022 11:28am Oct 21, 2022 11:28am
Quoting birdland
only one time because its fun {image}
Addendum: I have managed to dissolve the hedge and am flat with it.
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trading is like dancing, don't think and just listen to the music!
  • #455
  • Oct 21, 2022 11:39am Oct 21, 2022 11:39am
Quoting birdland
{quote} Addendum: I have managed to dissolve the hedge and am flat with it. {image}
can you tell me in simple terms when you hedge etc?. are you using it with a system. Do you wait til your say 3-5 pips in profit and then open a hedge just to lock it in?
  • #456
  • Oct 21, 2022 1:51pm Oct 21, 2022 1:51pm
Quoting RieseP
{quote} can you tell me in simple terms when you hedge etc?. are you using it with a system. Do you wait til your say 3-5 pips in profit and then open a hedge just to lock it in?
Personally, I think it's dangerous to try to elicit some rules from someone else's experience. This is not a cookie cutter system. It's very dangerous without extensive demo, or small lot experience. But, to give an idea. This is someone else's screenshot that shows averaging down. What could be added there is hedging with TP.

When you think train is running you over, average down, when you think all is well, and geese a flying home, hedge.
Attached Image (click to enlarge)
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  • #457
  • Edited 3:02pm Oct 21, 2022 2:49pm | Edited 3:02pm
Quoting RieseP
{quote} can you tell me in simple terms when you hedge etc?. are you using it with a system. Do you wait til your say 3-5 pips in profit and then open a hedge just to lock it in?
I think the safest way to trade is by adopting a trend following system but I am very curious to try this way when I have time, without predicting. In simple terms, a hedge is a fixed loss - say you are short and price moves long by 10 pips and you open a long position, you now have a fixed loss of 10 pips. If you are frequently taking 3-5 pips from the market then after a few trades you will have recovered this loss. Later you may have an opportunity to avoid taking the loss altogether or close the gap if the market goes back; if price moves too far away and you cannot resolve the hedge you could just close it and take the loss, since you have recovered the loss anyway. Please be careful as hedging can get ugly quick if you are not in control - and that will only come through extensive practice and experience. Averaging in particular is a double-edged sword that will bleed you if you’re not careful.
  • #458
  • Oct 22, 2022 3:07am Oct 22, 2022 3:07am
Quoting RieseP
{quote} can you tell me in simple terms when you hedge etc?. are you using it with a system. Do you wait til your say 3-5 pips in profit and then open a hedge just to lock it in?
yes, i start random with a LONG&SHORT and take 3-5 pips TP. early in the morning only 3, after LO 4-5. and then i see where the market is taking me.

when one side hits TP i try to get the same price again, hold the level. i wait then a few minutes.

but often it fails because the market is trending. then i have to open the other side of the hedge again.

OR i start averaging, but if that averaging fails i will fight back with a hedge. aim is always to get out positive with the whole transaction cluster.

when the averaging is working one single trade can also make 10-15 pips TP.

so far i dont trade a "system" but i put in my experience with GU, which i trade exclusively since years.

hope that helps a bit.

the best is really to try it on demo by yourself, because its an evolving process and not easy to describe as i see.
trading is like dancing, don't think and just listen to the music!
  • #459
  • Oct 22, 2022 7:26am Oct 22, 2022 7:26am
Hi
Maybe I missed something in this whole idea.
1) you open buy+sell
2) after a bit you close the one in profit and hedge the one in loss (we have floating loss at this moment).

How do you come out from the floating loss at point 2)?
  • #460
  • Oct 22, 2022 8:26am Oct 22, 2022 8:26am
Quoting Merka
Hi Maybe I missed something in this whole idea. 1) you open buy+sell 2) after a bit you close the one in profit and hedge the one in loss (we have floating loss at this moment). How do you come out from the floating loss at point 2)?
An example:

1) buy+sell with TP
2) sell hits TP, open another sell with TP and another buy without TP
3) repeat until buys are in profit on average, or overall position in profit, as you wish

Try it, experience is the best teacher.
1.02^200
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