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Hedging/averaging trades without prediction

  • #741
  • Oct 26, 2022 5:30am Oct 26, 2022 5:30am
Quoting Waveskierrob
{quote} Told you sometimes it's like your very own cash machine...back in August I posted trades on the GU thread from the back of my van just to pay for pizza and beer, tell you now, I've put on a bit of weight
You know Wave, last Friday i posted in my thread.
Forget i can just go buy something anytime.
My gf asked for a new dress, so i turned on my trading Pc's and traded for money to buy one,
I do that every christmas , birthdays etc. i will use the brokers money and nothing from my bank.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #742
  • Oct 26, 2022 5:34am Oct 26, 2022 5:34am
Quoting Waveskierrob
{quote} did say this at the start "11. This is not for everyone and it's not easy" an income, maybe for the rest of your life, yes your right "it's going to be tough"...
point 11. is the most important one...but isnt this true for the whole live?

jesus should have rounded off his 10 commandments with point 11
trading is like dancing, don't think and just listen to the music!
  • #743
  • Oct 26, 2022 5:34am Oct 26, 2022 5:34am
Quoting billytt
{quote} You know Wave, last Friday i posted in my thread. Forget i can just go buy something anytime. My gf asked for a new dress, so i turned on my trading Pc's and traded for money to buy one, I do that every christmas , birthdays etc. i will use the brokers money and nothing from my bank.
That's what I call "confidence"....for others if you don't feel confident when opening a trade maybe you shouldn't be opening it ...just something to think about....
  • #744
  • Oct 26, 2022 5:38am Oct 26, 2022 5:38am
Quoting billytt
{quote} You know Wave, last Friday i posted in my thread. Forget i can just go buy something anytime. My gf asked for a new dress, so i turned on my trading Pc's and traded for money to buy one, I do that every christmas , birthdays etc. i will use the brokers money and nothing from my bank.
and i thought you were trading for fun...

dont take me serious billy, my friend;-)
trading is like dancing, don't think and just listen to the music!
  • #745
  • Oct 26, 2022 5:40am Oct 26, 2022 5:40am
Quoting birdland
{quote} and i thought you were trading for fun... dont take me serious billy, my friend;-)
Believe me Bird, i am trading for fun....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #746
  • Oct 26, 2022 5:44am Oct 26, 2022 5:44am
Quoting Waveskierrob
{quote} That's what I call "confidence"....for others if you don't feel confident when opening a trade maybe you shouldn't be opening it ...just something to think about....
Like you, where you actually trade hedge trades.
I only hedge off a fail.. Like you say Wave you are guaranteed to win.
I suppose a glitch could happen.
Only this week i have experienced slippage, it does affect my trades when i am only looking for 1 pip, That is why i manually put the trade on .
Manual does have its benefits.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #747
  • Oct 26, 2022 5:52am Oct 26, 2022 5:52am
Quoting billytt
{quote} Like you, where you actually trade hedge trades. I only hedge off a fail.. Like you say Wave you are guaranteed to win. I suppose a glitch could happen. Only this week i have experienced slippage, it does affect my trades when i am only looking for 1 pip, That is why i manually put the trade on . Manual does have its benefits.

often i have better slippage of manual trades.

does it has also the benefit that the MMs dont see your order?
trading is like dancing, don't think and just listen to the music!
  • #748
  • Oct 26, 2022 6:28am Oct 26, 2022 6:28am
Quoting birdland
{quote} often i have better slippage of manual trades. does it has also the benefit that the MMs dont see your order?
correct
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #749
  • Oct 26, 2022 7:28am Oct 26, 2022 7:28am
Quoting d5400
{quote} Long @94.881 [email protected]
Three open shorts -75, one closed long +16. Work begins
1.02^200
  • #750
  • Oct 26, 2022 7:44am Oct 26, 2022 7:44am
Quoting d5400
{quote} Three open shorts -75, one closed long +16. Work begins
i was lucky today because in the morning i didnt trade. i would have shorted/averaged also the way up.
trading is like dancing, don't think and just listen to the music!
  • #751
  • Oct 26, 2022 7:55am Oct 26, 2022 7:55am
Quoting d5400
{quote} Three open shorts -75, one closed long +16. Work begins
Long @95.17, tp +35. Market's getting emotional
1.02^200
  • #752
  • Oct 26, 2022 8:03am Oct 26, 2022 8:03am
Quoting birdland
{quote} i was lucky today because in the morning i didnt trade. i would have shorted/averaged also the way up.
I learned something, even though it hurt a bit.
1.02^200
  • #753
  • Oct 26, 2022 8:29am Oct 26, 2022 8:29am
Hey, d5400, would you please so kind and put all trades in a row when you finished with AudJpy from today? (I hope you can close all today) Would be very interesting to see how you managed the loss and if you trade with gaps like Waveskierrob (gap means here even when you TP got hit in one direction you don't open directly a new trade to both sides, so for 2-5 minutes for example you are only long or short. The Trick behind that is, that you hope for an additional move in your favored (or even unfavored) direction without a hedge. Here also lies a part of your earnings in long run, not to hedge all the time).
  • #754
  • Oct 26, 2022 8:33am Oct 26, 2022 8:33am
Quoting d5400
{quote} I learned something, even though it hurt a bit.
Great that's why we trade demo to start with, to iron out any problems and feel the hurt when you get in a hole, takes time ...
  • #755
  • Oct 26, 2022 8:37am Oct 26, 2022 8:37am
Quoting JackintheBox
Hey, d5400, would you please so kind and put all trades in a row when you finished with AudJpy from today? (I hope you can close all today) Would be very interesting to see how you managed the loss and if you trade with gaps like Waveskierrob (gap means here even when you TP got hit in one direction you don't open directly a new trade to both sides, so for 2-5 minutes for example you are only long or short. The Trick behind that is, that you hope for an additional move in your favored (or even...
Yeah, should be easy from history
1.02^200
  • #756
  • Oct 26, 2022 8:40am Oct 26, 2022 8:40am
Quoting JackintheBox
Hey, d5400, would you please so kind and put all trades in a row when you finished with AudJpy from today? (I hope you can close all today) Would be very interesting to see how you managed the loss and if you trade with gaps like Waveskierrob (gap means here even when you TP got hit in one direction you don't open directly a new trade to both sides, so for 2-5 minutes for example you are only long or short. The Trick behind that is, that you hope for an additional move in your favored (or even...
Have you traded yourself on demo yet using hedging and averaging?
  • #757
  • Oct 26, 2022 8:43am Oct 26, 2022 8:43am
Quoting JackintheBox
Hey, d5400, would you please so kind and put all trades in a row when you finished with AudJpy from today? (I hope you can close all today) Would be very interesting to see how you managed the loss and if you trade with gaps like Waveskierrob (gap means here even when you TP got hit in one direction you don't open directly a new trade to both sides, so for 2-5 minutes for example you are only long or short. The Trick behind that is, that you hope for an additional move in your favored (or even...
BTW, you can see my trades in my TE. And I still haven't ironed out my approach. Gaps certainly help.

I do make one prediction: markets range, but sometimes it fails: markets trend

Also there someone said that there are no answers. There are answers, but not before the questions
1.02^200
  • #758
  • Oct 26, 2022 10:13am Oct 26, 2022 10:13am
two traders want to trade successfully. they have to overcome 100 walls - then they have made it.

at the 15th wall, one of them asks the other: "can you still climb". "Yeah, sure", says the other.

Again, one asks the other at the 67th wall. "and are you still going, do you still have strength?". "I'm still going, it's certainly not that far".

and finally they arrive at the 99th wall, again one of them asks the other where he is: "can you still?", to which the other one answers: "no, let's turn around"!
trading is like dancing, don't think and just listen to the music!
  • #759
  • Oct 26, 2022 10:30am Oct 26, 2022 10:30am
Quoting d5400
{quote} Long @95.17, tp +35. Market's getting emotional
Sitting on thumbs. Another wall climbed . Hurt more, learn more.
1.02^200
  • #760
  • Oct 26, 2022 12:19pm Oct 26, 2022 12:19pm
@d5400: Thank you!

Quoting Waveskierrob
{quote} Have you traded yourself on demo yet using hedging and averaging?
Not sure if you meant me. Anyway, I trade different ways of pyramiding, martingale and hedging (Most times I play it the old way: I cut my losses (no hedge) and enter later again when market is even more moved in the wrong direction of me, so I "unhedge" later with a new trade to get the retrace like you do).

I find your approach better from psychological view (aka hedging), it calms more down I think than using SL and enter later again. I always try to balance markets and to avoid big moves so I'm with you all.

So yes, I have some experience with that kind of trading style and trading yourself "out of the hole" but not as extreme as you do and that is fascinating me how you all do that.
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