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Hedging/averaging trades without prediction

  • #801
  • Oct 27, 2022 4:01am Oct 27, 2022 4:01am
Quoting Waveskierrob
{quote} Closed SHORT 10060 +5
pending SHORT @ 10065 no sl no tp pending LONG 10065 no sl tp +3
  • #802
  • Oct 27, 2022 4:04am Oct 27, 2022 4:04am
Quoting birdland
all tps canceled....interim statement;-) {image}
still waiting for a movement to close all
trading is like dancing, don't think and just listen to the music!
  • #803
  • Oct 27, 2022 4:05am Oct 27, 2022 4:05am
Quoting Waveskierrob
TRADE 42.......EU pending SHORT @ 10060 no sl tp +3 and pending LONG @ 10070 no sl tp+3
SHORT hit tp +3
  • #804
  • Oct 27, 2022 4:05am Oct 27, 2022 4:05am
Quoting Waveskierrob
{quote} pending SHORT @ 10065 no sl no tp pending LONG 10065 no sl tp +3
pending trades cancelled
  • #805
  • Oct 27, 2022 4:08am Oct 27, 2022 4:08am
TRADE 42 total LONGS +3, +9 = +12....SHORTS +13, +10, +5, +5, +3 = +36 = +48 .......running total +548 .....
  • #806
  • Oct 27, 2022 4:09am Oct 27, 2022 4:09am
Quoting birdland
{quote} still waiting for a movement to close all
closed the whole hedge&averaging bulg for +13pips....hard work for more than 3 hours
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 31 KB
trading is like dancing, don't think and just listen to the music!
  • #807
  • Oct 27, 2022 4:33am Oct 27, 2022 4:33am
Quoting waveskierrob
trade 42 total longs +3, +9 = +12....shorts +13, +10, +5, +5, +3 = +36 = +48 .......running total +548 .....

when or how do you close hedge trades?
MY OPINION NOT FINANCIAL ADVISE
  • #808
  • Oct 27, 2022 4:38am Oct 27, 2022 4:38am
Quoting donfriday
{quote} when or how do you close hedge trades?
Usually have a tp on my hedge trades but will close if averaged out with other trades...but no set rule...
  • #809
  • Oct 27, 2022 4:38am Oct 27, 2022 4:38am
GU SHORT@1557, tp5
trading is like dancing, don't think and just listen to the music!
  • #810
  • Oct 27, 2022 4:41am Oct 27, 2022 4:41am
SHORT@1563, tp11
trading is like dancing, don't think and just listen to the music!
  • #811
  • Oct 27, 2022 4:51am Oct 27, 2022 4:51am
SHORT@1567, tp16
trading is like dancing, don't think and just listen to the music!
  • #812
  • Oct 27, 2022 5:06am Oct 27, 2022 5:06am
SHORT@1573, tp17
trading is like dancing, don't think and just listen to the music!
  • #813
  • Oct 27, 2022 5:34am Oct 27, 2022 5:34am
Quoting birdland
SHORT@1573, tp17
i closed all SHORTS manually: -5, +1, +6, +13= +15

have to take my nap, today was exhausting. trade my live account parallel...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 27 KB
trading is like dancing, don't think and just listen to the music!
  • #814
  • Oct 27, 2022 5:40am Oct 27, 2022 5:40am
Quoting birdland
{quote} i closed all SHORTS manually: -5, +1, +6, +13= +15 have to take my nap, today was exhausting. trade my live account parallel... {image}

Hi bud, i just accidentally dislike you,lol.
I took it off straight away, my screen was acting funny.
Trade well. rest is good too. keep your awake brain alert.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #815
  • Oct 27, 2022 6:02am Oct 27, 2022 6:02am
Quoting billytt
{quote} Hi bud, i just accidentally dislike you,lol. I took it off straight away, my screen was acting funny. Trade well. rest is good too. keep your awake brain alert.
Hahaha ..so it's you is it ....
  • #816
  • Oct 27, 2022 6:07am Oct 27, 2022 6:07am
Quoting Waveskierrob
{quote} Hahaha ..so it's you is it ....
on my screen, i had a thumbs up showing and a feint thumbs down? i was trying to see who had done it, as ive never actually seen one before. SO it just put me down as a thumbs down,lol.

I have only ever banned one guy who was plain hard work, so negative.
But what i did to Bird for a split second was an accident.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #817
  • Oct 27, 2022 6:34am Oct 27, 2022 6:34am
Quoting Strykes
Anyone help me? I've been *DEMO* hedging with success most of the time - trades would open and close for a few hours which was easy to manage. Then came DE40, where I am struggling to unhedge sells at the bottom. Added more sells in hopes to get better breakeven TP, but price kept going up which increased my drawdown. I could add sells now, but what if price goes up again? 1. Mostly sell trades, trade with trend. 2. Outstanding sells 3. Switch to [1 BUY] (with [2 SELL] still opened so drawdowns increased exponentially) (was hoping price would go...
I deleted [2 sell] at the bottom (2) and left the remaining on - moved original TP at (10) further up in the hopes it's easier to hit. Thought it'd be an UP day today for DE40, guess I was wrong. Anyways updated TP for all sells got hit. Now waiting for price to move up to TP my buy trades and re-think my hedging strategy. Probably no sells, and if I do, it'll be low lot size and small TP. I do have pending buy above congested price zone to make back some of my losses from my loss sell trades earlier.
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  • #818
  • Oct 27, 2022 6:58am Oct 27, 2022 6:58am
Quoting billytt
{quote} on my screen, i had a thumbs up showing and a feint thumbs down? i was trying to see who had done it, as ive never actually seen one before. SO it just put me down as a thumbs down,lol. I have only ever banned one guy who was plain hard work, so negative. But what i did to Bird for a split second was an accident.
dont worry...

yes and we know this guy together, god rest his soul
trading is like dancing, don't think and just listen to the music!
  • #819
  • Oct 27, 2022 8:35am Oct 27, 2022 8:35am
SHORT@1580, tp5
trading is like dancing, don't think and just listen to the music!
  • #820
  • Oct 27, 2022 8:35am Oct 27, 2022 8:35am
SHORT@1587, tp12
trading is like dancing, don't think and just listen to the music!
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