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Hedging/averaging trades without prediction

  • #901
  • Oct 31, 2022 2:51am Oct 31, 2022 2:51am
Quoting birdland
LONG/SHORT@1585, tp5
SHORT+5
trading is like dancing, don't think and just listen to the music!
  • #902
  • Oct 31, 2022 3:02am Oct 31, 2022 3:02am
SHORT@1570, no tp
trading is like dancing, don't think and just listen to the music!
  • #903
  • Oct 31, 2022 3:15am Oct 31, 2022 3:15am
SHORT@1562, no tp
trading is like dancing, don't think and just listen to the music!
  • #904
  • Oct 31, 2022 3:20am Oct 31, 2022 3:20am
Morning all work push back until tomorrow...

TRADE 47 .....FTSE...SHORT and LONG...@ 7043 no sl +3 tp
  • #905
  • Oct 31, 2022 3:21am Oct 31, 2022 3:21am
Quoting Waveskierrob
Morning all work push back until tomorrow... TRADE 47 .....FTSE...SHORT and LONG...@ 7043 no sl +3 tp
SHORT tp hit +3
  • #906
  • Oct 31, 2022 3:34am Oct 31, 2022 3:34am
pending LONG @7030 no sl no tp
  • #907
  • Oct 31, 2022 3:35am Oct 31, 2022 3:35am
Quoting Waveskierrob
pending LONG @7030 no sl no tp
pending LONG triggered
  • #908
  • Oct 31, 2022 3:35am Oct 31, 2022 3:35am
pending SHORT no sl +3 tp @ 7025
  • #909
  • Oct 31, 2022 3:42am Oct 31, 2022 3:42am
Quoting Waveskierrob
Morning all work push back until tomorrow... TRADE 47 .....FTSE...SHORT and LONG...@ 7043 no sl +3 tp
pending SHORT cancelled ...closed 2 x LONGS @ 7037 -6, +7 = +1
  • #910
  • Oct 31, 2022 3:43am Oct 31, 2022 3:43am
TRADE 47 total SHORT +3 LONG +1 = +4 .....running total +569
  • #911
  • Oct 31, 2022 3:51am Oct 31, 2022 3:51am
LONG/SHORT@1550, tp5
trading is like dancing, don't think and just listen to the music!
  • #912
  • Oct 31, 2022 3:52am Oct 31, 2022 3:52am
TRADE 48 ...US TECH 100.... pending SHORT @ 11440 no sl tp +5 .......pending LONG @ 11450 no sl tp +5
  • #913
  • Oct 31, 2022 3:55am Oct 31, 2022 3:55am
Quoting birdland
LONG/SHORT@1550, tp5
SHORT+5
trading is like dancing, don't think and just listen to the music!
  • #914
  • Oct 31, 2022 3:55am Oct 31, 2022 3:55am
Quoting Waveskierrob
TRADE 48 ...US TECH 100.... pending SHORT @ 11440 no sl tp +5 .......pending LONG @ 11450 no sl tp +5
LONG triggered
  • #915
  • Oct 31, 2022 3:57am Oct 31, 2022 3:57am
Quoting Waveskierrob
{quote} LONG triggered
LONG tp hit + 5....pending SHORT cancelled
  • #916
  • Oct 31, 2022 3:58am Oct 31, 2022 3:58am
TRADE 48 total +5 .......running total +574
  • #917
  • Oct 31, 2022 4:04am Oct 31, 2022 4:04am
Quoting birdland
LONG/SHORT@1550, tp5
LONG+5
trading is like dancing, don't think and just listen to the music!
  • #918
  • Oct 31, 2022 4:52am Oct 31, 2022 4:52am
[quote=Waveskierrob;14202091]
Quoting Agro
{quote} Great can you show us a live example next week ...cheers
No, not this week. I am demoing this strategy on forex atm. I don't like to actually demo because it is not real, so I trade very small lots on live account. But as Bird mentioned, 1 contract is the minimum on futures, which I believe is 12,500 for the micro EURO, so much larger than my current 2 micro lots I am using to demo.

But if things keep going as they are (very well ) then I will try this on micro euro futures and will post the results here.

BTW I am using your hedging / averaging strategy with non random entries, just a naked chart but opening up exposure to one side when I feel we are going up or down and when I feel we are ranging I keep fully hedged most of the time but if tp is hit near the top or bottom of the range I wait to get a better price on the closed direction if I can. One thing is very different to how I normally trade and that is taking a mindset that most of the time the market goes "up a bit, down a bit".

Thanks for the thread, it has opened up a new way of thinking about the markets and how to manage positions for me
  • #919
  • Oct 31, 2022 4:55am Oct 31, 2022 4:55am
Quoting Agro
Quoting Waveskierrob
{quote} No, not this week. I am demoing this strategy on forex atm. I don't like to actually demo because it is not real, so I trade very small lots on live account. But as Bird mentioned, 1 contract is the minimum on futures, which I believe is 12,500 for the micro EURO, so much larger than my current 2 micro lots I am using to demo. But if things keep going as they are (very well ) then I will try this on micro euro futures and will post the results here. BTW I am using your hedging / averaging strategy with
...
Look forward to it ....
  • #920
  • Oct 31, 2022 5:41am Oct 31, 2022 5:41am
closed all with a total profit of +33pips.

in the afternoon we have a family birthday, so will be stop traing for today;-)
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trading is like dancing, don't think and just listen to the music!
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