Hedging/averaging trades without prediction | Page 26 | 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

  • #501
  • Oct 24, 2022 4:36am Oct 24, 2022 4:36am
Quoting birdland
TP now on both +6, because volatility is rising.
SHORT filled +6
trading is like dancing, don't think and just listen to the music!
  • #502
  • Oct 24, 2022 4:39am Oct 24, 2022 4:39am
SHORT @1308 , tp 5
trading is like dancing, don't think and just listen to the music!
  • #503
  • Oct 24, 2022 4:51am Oct 24, 2022 4:51am
Quoting birdland
TP now on both +6, because volatility is rising.
LONG also filled +6
trading is like dancing, don't think and just listen to the music!
  • #504
  • Oct 24, 2022 4:56am Oct 24, 2022 4:56am
LONG @ 1325, no TP
trading is like dancing, don't think and just listen to the music!
  • #505
  • Oct 24, 2022 5:01am Oct 24, 2022 5:01am
now i have a floating loss of -17 (LONG and SHORT or call it HEDGE is still open)

on the other side closed 5xLONGS: +5,+5,+5,+5,+6=+26
closed 2xSHORTS: +5, +6=+11
7 trades with +37 pips profit closed (+26+11) AND on the other side -17 pips floating. makes +20 for the whole transaction.

two possibilities:
-i can close the HEDGE and start new.
-i can come back later and fight back with averaging and hedging.

because i am out for 2-3 hours i will come back later and maybe fight back and turn the -17 floating also into profit ;-)

we will see....

ps: i cancel TP on both LONG and SHORT
trading is like dancing, don't think and just listen to the music!
  • #506
  • Oct 24, 2022 5:02am Oct 24, 2022 5:02am
Quoting birdland
now i have a floating loss of -17 (LONG and SHORT or call it HEDGE is still open) on the other side closed 5xLONGS: +5,+5,+5,+5,+6=+26 closed 2xSHORTS: +5, +6=+11 7 trades with +37 pips profit closed (+26+11) AND on the other side -17 pips floating. makes +20 for the whole transaction. two possibilities: -i can close the HEDGE and start new. -i can come back later and fight back with averaging and hedging. because i am out for 2-3 hours i will come back later and maybe fight back and turn the -17 floating also into profit ;-) we will see....

Thats the way Bird, That is amazing .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #507
  • Oct 24, 2022 5:25am Oct 24, 2022 5:25am
Quoting birdland
now i have a floating loss of -17 (LONG and SHORT or call it HEDGE is still open) on the other side closed 5xLONGS: +5,+5,+5,+5,+6=+26 closed 2xSHORTS: +5, +6=+11 7 trades with +37 pips profit closed (+26+11) AND on the other side -17 pips floating. makes +20 for the whole transaction. two possibilities: -i can close the HEDGE and start new. -i can come back later and fight back with averaging and hedging. because i am out for 2-3 hours i will come back later and maybe fight back and turn the -17 floating also into profit ;-) we will see.... ps:...
Hi Mate

Are you entering randomly? Or do you have a trigger?
  • #508
  • Oct 24, 2022 6:20am Oct 24, 2022 6:20am
Quoting birdland
now i have a floating loss of -17 (LONG and SHORT or call it HEDGE is still open) on the other side closed 5xLONGS: +5,+5,+5,+5,+6=+26 closed 2xSHORTS: +5, +6=+11 7 trades with +37 pips profit closed (+26+11) AND on the other side -17 pips floating. makes +20 for the whole transaction. two possibilities: -i can close the HEDGE and start new. -i can come back later and fight back with averaging and hedging. because i am out for 2-3 hours i will come back later and maybe fight back and turn the -17 floating also into profit ;-) we will see.... ps:...
Early days yet but Birdland has taken onboard what has been posted here and has use it to his advantage, hope your success continues and you continue to inspire others to follow in your footsteps....
  • #509
  • Oct 24, 2022 6:23am Oct 24, 2022 6:23am
Quoting Agro
{quote} Hi Mate Are you entering randomly? Or do you have a trigger?
Doesn't really matter, if it works for random it will work for a trigger, try yourself randomly on demo and experience for yourself...
  • #510
  • Oct 24, 2022 6:29am Oct 24, 2022 6:29am
TRADE 27...GU...pending SHORT 1.1280 no sl tp+3...pending LONG 1.1300 no sl tp +3
  • #511
  • Oct 24, 2022 6:40am Oct 24, 2022 6:40am
Quoting Waveskierrob
TRADE 27...GU...pending SHORT 1.1280 no sl tp+3...pending LONG 1.1300 no sl tp +3
SHORT triggered
  • #512
  • Oct 24, 2022 6:50am Oct 24, 2022 6:50am
Quoting Waveskierrob
{quote} SHORT triggered
LONG triggered and tp hit +3
  • #513
  • Oct 24, 2022 6:59am Oct 24, 2022 6:59am
Quoting Waveskierrob
{quote} Doesn't really matter, if it works for random it will work for a trigger, try yourself randomly on demo and experience for yourself...
Yes mate I will soon...

Interesting method.

So you have no rules at all. Let's say buy/sell +5 tp. Market goes up hits long target. Market keeps going up. You keep buying and taking profit and, to a lesser extent, averaging up your sell exposure with no tp looking to get out at a better average profit / loss. But how do you decide when you average and when you hedge. Just whatever feels right at the time?

Thanks for the thread, it is thought provoking.
  • #514
  • Oct 24, 2022 7:05am Oct 24, 2022 7:05am
Quoting Agro
{quote} Yes mate I will soon... Interesting method. So you have no rules at all. Let's say buy/sell +5 tp. Market goes up hits long target. Market keeps going up. You keep buying and taking profit and, to a lesser extent, averaging up your sell exposure with no tp looking to get out at a better average profit / loss. But how do you decide when you average and when you hedge. Just whatever feels right at the time? Thanks for the thread, it is thought provoking.
Exactly that, you will get a feel for when to hedge and average with practice, practice with many pairs and indices at different time of the day...
  • #515
  • Oct 24, 2022 7:14am Oct 24, 2022 7:14am
Quoting Waveskierrob
{quote} Exactly that, you will get a feel for when to hedge and average with practice, practice with many pairs and indices at different time of the day...
It seems to me then that you have found your edge in being extremely flexible and just feeling the ebbs and flows of the market. I reckon you are predicting price without knowing it! But in a very unorthadox way - by being exposed to the market almost constantly while you are trading, banking on "the market goes up, the market goes down" but knowing at a subconscious level when to ditch bad trades, when to add and when to hedge.

Anyway, I would like to know what you do when you finish your day with a long or short exposure still in the red. If you are not there to hedge and average then things could turn bad right? So do you put a 1:1 hedge on to pause the position?
  • #516
  • Oct 24, 2022 7:29am Oct 24, 2022 7:29am
Quoting Agro
{quote} It seems to me then that you have found your edge in being extremely flexible and just feeling the ebbs and flows of the market. I reckon you are predicting price without knowing it! But in a very unorthadox way - by being exposed to the market almost constantly while you are trading, banking on "the market goes up, the market goes down" but knowing at a subconscious level when to ditch bad trades, when to add and when to hedge. Anyway, I would like to know what you do when you finish your day with a long or short exposure still in the red....
Yes one of the best traders on this forum HRH P Chiko pointed this out many moons ago, but one thing is for sure the market does go up and down more often then straight up and straight down which a lot of traders try to predict.

End of day yes could just go 1:1 and take off any SL's or TP's that you have, or you could close the trades for a loss, look at Birdland's last post he explains it beautify...
  • #517
  • Oct 24, 2022 7:30am Oct 24, 2022 7:30am
Quoting Waveskierrob
{quote} LONG triggered and tp hit +3
pending LONG 1.1300 no sl tp+3
  • #518
  • Oct 24, 2022 7:34am Oct 24, 2022 7:34am
Quoting Waveskierrob
{quote} End of day yes could just go 1:1 and take off any SL's or TP's that you have, or you could close the trades
Do you ever just let the current exposure run? Or do you always use a hedge or get flat?
  • #519
  • Oct 24, 2022 7:43am Oct 24, 2022 7:43am
Quoting Waveskierrob
{quote} pending LONG 1.1300 no sl tp+3
LONG triggered tp hit +3
  • #520
  • Oct 24, 2022 7:47am Oct 24, 2022 7:47am
Quoting Agro
{quote} Do you ever just let the current exposure run? Or do you always use a hedge or get flat?
Yes sometimes like now on TRADE 27 letting the SHORT run negative for a bit, you don't have to hedge or average out straight away, or I could close for a 30 pip loss and still be up +290 since posting trades from last week
1 trader viewing now