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Hedging/averaging trades without prediction

  • #841
  • Oct 28, 2022 2:04am Oct 28, 2022 2:04am
Quoting Waveskierrob
TRADE 44 ....GU.....SHORT @ 11530 no sl tp+3
SHORT tp hit +3 cheers Billy......TRADE 44 +3 .......running total +556....
  • #842
  • Oct 28, 2022 2:15am Oct 28, 2022 2:15am
TRADE 45 .....GU SHORT @ 11518 no sl tp +4
  • #843
  • Oct 28, 2022 2:16am Oct 28, 2022 2:16am
Quoting Waveskierrob
TRADE 45 .....GU SHORT @ 11518 no sl tp +4
SHORT tp hit +4
  • #844
  • Oct 28, 2022 2:17am Oct 28, 2022 2:17am
Quoting birdland
2xSHORT@1538, no tp
neutralised the -120 pip floating loss from yesterday. well, it was actually averaging in the wrong direction, but i rsiked it.

that's because i trade exclusively GU and know the market very well.

now i can go back to actual trading;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 32 KB
trading is like dancing, don't think and just listen to the music!
  • #845
  • Oct 28, 2022 2:18am Oct 28, 2022 2:18am
TRADE 45 total + 4.............again that was one of yours Billy ......running total + 560.....
  • #846
  • Oct 28, 2022 2:26am Oct 28, 2022 2:26am
Quoting birdland
{quote} neutralised the -120 pip floating loss from yesterday. well, it was actually averaging in the wrong direction, but i rsiked it. that's because i trade exclusively GU and know the market very well. now i can go back to actual trading;-) {image}
Excellent post, showing you can use this tool in any way that suits your trading style.......Bird has realised this, put in the hard work and hopefully reap the rewards when he goes back to live trading
  • #847
  • Oct 28, 2022 2:34am Oct 28, 2022 2:34am
Quoting Waveskierrob
{quote} Excellent post, showing you can use this tool in any way that suits your trading style.......Bird has realised this, put in the hard work and hopefully reap the rewards when he goes back to live trading
thank you, i thought you were going to rebuke my "reverse averaging" or something;-)

but well, it's basically a tactic that e.g. pat chiko uses successfully. and of course jesse livermoore was successful with it, but that's another story.
trading is like dancing, don't think and just listen to the music!
  • #848
  • Oct 28, 2022 2:34am Oct 28, 2022 2:34am
random hedge opened@1516, tp5
trading is like dancing, don't think and just listen to the music!
  • #849
  • Oct 28, 2022 2:39am Oct 28, 2022 2:39am
Quoting birdland
random hedge opened@1516, tp5
LONG +5
trading is like dancing, don't think and just listen to the music!
  • #850
  • Oct 28, 2022 2:53am Oct 28, 2022 2:53am
Quoting birdland
{quote} thank you, i thought you were going to rebuke my "reverse averaging" or something;-) but well, it's basically a tactic that e.g. pat chiko uses successfully. and of course jesse livermoore was successful with it, but that's another story.
because its averaging it can work both ways......only one mistake mentioning Pat with J Livermore on the same post ...we'll never hear the end of it ....
  • #851
  • Oct 28, 2022 3:05am Oct 28, 2022 3:05am
Quoting birdland
random hedge opened@1516, tp5
closed hedge for +10 (+5/+5)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 32 KB
trading is like dancing, don't think and just listen to the music!
  • #852
  • Oct 28, 2022 3:07am Oct 28, 2022 3:07am
random hedge opened@1511, tp4
trading is like dancing, don't think and just listen to the music!
  • #853
  • Oct 28, 2022 3:08am Oct 28, 2022 3:08am
OK last trade of the week

TRADE 46 ...DJIA... pending SHORT @31900 no sl tp+5 and pending LONG @ 31930 no sl tp+5
  • #854
  • Oct 28, 2022 3:10am Oct 28, 2022 3:10am
Quoting birdland
random hedge opened@1511, tp4
LONG +4
trading is like dancing, don't think and just listen to the music!
  • #855
  • Oct 28, 2022 3:13am Oct 28, 2022 3:13am
Quoting Waveskierrob
OK last trade of the week TRADE 46 ...DJIA... pending SHORT @31900 no sl tp+5 and pending LONG @ 31930 no sl tp+5
pending SHORT closed pending LONG triggered tp hit + 5
  • #856
  • Oct 28, 2022 3:14am Oct 28, 2022 3:14am
TRADE 46 +5 ...............running total +565
  • #857
  • Oct 28, 2022 3:15am Oct 28, 2022 3:15am
SHORT@1521, tp15
trading is like dancing, don't think and just listen to the music!
  • #858
  • Oct 28, 2022 3:24am Oct 28, 2022 3:24am
Quoting birdland
SHORT@1521, tp15
closed two SHORTS for +10 (+10/0)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 28 KB
trading is like dancing, don't think and just listen to the music!
  • #859
  • Oct 28, 2022 3:25am Oct 28, 2022 3:25am
random hedge@ 1515, tp5
trading is like dancing, don't think and just listen to the music!
  • #860
  • Oct 28, 2022 3:34am Oct 28, 2022 3:34am
Quoting birdland
random hedge@ 1515, tp5
SHORT +5
trading is like dancing, don't think and just listen to the music!
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