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Hedging/averaging trades without prediction

  • #1,041
  • Nov 4, 2022 10:58am Nov 4, 2022 10:58am
Quoting Waveskierrob
{quote} Closed 2 x LONGS @ 7327 + 4, -3 = +1...cancelled pending SHORT
TRADE 51 total +4 .....running total = + 588
  • #1,042
  • Nov 4, 2022 10:58am Nov 4, 2022 10:58am
Attached Image (click to enlarge)
Click to Enlarge Name: EG 15.png Size: 13 KB

Nice steady arvo fading the eg + 21 NETT after costs. Have a good weekend all..
  • #1,043
  • Nov 4, 2022 11:03am Nov 4, 2022 11:03am
TRADE 52...DJIA......SHORT @ 31948 no sl no tp
  • #1,044
  • Nov 4, 2022 11:12am Nov 4, 2022 11:12am
Quoting Waveskierrob
TRADE 52...DJIA......SHORT @ 31948 no sl no tp
added SHORT @ 32050 no sl no tp
  • #1,045
  • Nov 4, 2022 11:42am Nov 4, 2022 11:42am
Quoting Waveskierrob
{quote} added SHORT @ 32050 no sl no tp
Closed SHORT + 31980 +70
  • #1,046
  • Nov 4, 2022 1:10pm Nov 4, 2022 1:10pm
Quoting Waveskierrob
TRADE 52...DJIA......SHORT @ 31948 no sl no tp
Closed SHORT @ 31938 +10
  • #1,047
  • Nov 4, 2022 1:12pm Nov 4, 2022 1:12pm
Quoting Waveskierrob
TRADE 52...DJIA......SHORT @ 31948 no sl no tp
TRADE 52 total +10 +70 + +80.......running total = +668
  • #1,048
  • Nov 4, 2022 1:18pm Nov 4, 2022 1:18pm
Quoting Waveskierrob
{quote} TRADE 52 total +10 +70 + +80.......running total = +668
£2 per pip - £1336
£5 per pip - £3340
£10 pp - £6680 etc etc etc Bloody Brilliant. ALL CALLED LIVE and less than 4 weeks
  • #1,049
  • Nov 4, 2022 1:33pm Nov 4, 2022 1:33pm
Quoting Waveskierrob
{quote} TRADE 52 total +10 +70 + +80.......running total = +668
By not using a TP on the original direction, do you wait until a distance in pips, % of a move or something? Trying to understand when to pull the plug on the 'stacked' trade when in profit

Hats off to you Waveskierrob by the way, this way of trading for sure is different to the usual way
  • #1,050
  • Nov 4, 2022 1:44pm Nov 4, 2022 1:44pm
Quoting Rfs199
{quote} By not using a TP on the original direction, do you wait until a distance in pips, % of a move or something? Trying to understand when to pull the plug on the 'stacked' trade when in profit Hats off to you Waveskierrob by the way, this way of trading for sure is different to the usual way
Thanks .....when and where is just when I feel, there is no % or certain amount of pips, that's something you need to figure out by yourself by practicing on demo, hence why the trades I post are random, open both directions, open one direction, sometimes pending, sometimes put hedge on straight away, sometime no tp, I've tried to mix it up a bit just to show different ways, it's just a tool maybe you can use parts to help with your own trading ....hope this helps...
  • #1,051
  • Nov 5, 2022 4:14am Nov 5, 2022 4:14am
Quoting Rfs199
{quote} Hmm, looking at this one maybe the trick is in adding to get the whole thing to a positive position within a smaller move. Do you guys look at ATR or something to have a better understanding of how much to add to get to some sort of expected move? {image}
sometimes adding up, sometimes averaging, sometimes hedging. i focus always on the open lot balance and the pips floating loss/profit.

and of course i use daily ADR, 5 days and 20 days. to see how much room is left for the day.

but the main "trick" is to go with the flow of the market, and with the market makers.
trading is like dancing, don't think and just listen to the music!
  • #1,052
  • Nov 5, 2022 4:20am Nov 5, 2022 4:20am
Quoting radityo.ardi
Oh man, saw the first few posts and I can relate to this already. The only difference is it's automated & more aggressive. https://www.youtube.com/watch?v=1zKApgaX1eA
i have watched the video and i can say that grid-trading there introduced is a complete different story to that what we are doing here.

the only parallel is when opening a LONG&SHORT at the beginning. but then the tp is different, and then process to get a result also.

a completely different journey to successfully close the trade;-)



by the way, i am also not sure if this kind of trading here can be made by an EA (like the grid-trading), i doubt that.
trading is like dancing, don't think and just listen to the music!
  • #1,053
  • Nov 5, 2022 10:39am Nov 5, 2022 10:39am
Quoting birdland
{quote} sometimes adding up, sometimes averaging, sometimes hedging. i focus always on the open lot balance and the pips floating loss/profit. and of course i use daily ADR, 5 days and 20 days. to see how much room is left for the day. but the main "trick" is to go with the flow of the market, and with the market makers.
This is how I do trade nowadays.

Let me just add:
1. Indicators are a must in order to know if you will have to go long or short;
2. As in gambling, bet the least amount you are comfortable with and build up from there --- either by averaging down, averaging up, or both;
3. Have faith in your chart reading skills.
"No trade is still a trade." - Peter Borish
  • #1,054
  • Nov 5, 2022 11:01am Nov 5, 2022 11:01am
Quoting Lbrto
{quote} This is how I do trade nowadays. Let me just add: 1. Indicators are a must in order to know if you will have to go long or short; 2. As in gambling, bet the least amount you are comfortable with and build up from there --- either by averaging down, averaging up, or both; 3. Have faith in your chart reading skills.
Thanks for posting, but if indicators worked then we wouldn't need to hedge/average, remember this is just a tool not a strategy, you can use charts if that's what you like but I choose not to as I trade my positions not the markets ...
  • #1,055
  • Nov 5, 2022 11:08am Nov 5, 2022 11:08am
Quoting Waveskierrob
{quote} Thanks for posting, but if indicators worked then we wouldn't need to hedge/average, remember this is just a tool not a strategy, you can use charts if that's what you like but I choose not to as I trade my positions not the markets ...
In my experience, indicators work 80-70 percent of the time.

It's just either I entered the trade earlier than how I read the direction would be going (i.e., it still has a momentum remaining for the current trend direction) or I'm just too lazy to plot to trade more up to the most optimum price to enter in.
"No trade is still a trade." - Peter Borish
  • #1,056
  • Nov 5, 2022 11:13am Nov 5, 2022 11:13am
I am back to the market after some years break and last time I failed due on hedging. I've learned "To have to accept loss, it is part of the game". You have to controll this and to like "Stop loss" again.
Super thread!!!
  • #1,057
  • Nov 5, 2022 11:17am Nov 5, 2022 11:17am
Quoting Lbrto
{quote} In my experience, indicators work 80-70 percent of the time. It's just either I entered the trade earlier than how I read the direction would be going (i.e., it still has a momentum remaining for the current trend direction) or I'm just too lazy to plot to trade more up to the most optimum price to enter in.
If you really believe that your indicators work 70% I would go with that, keep compounding your bank and you'll be rich in no time ....Good luck
  • #1,058
  • Nov 5, 2022 11:20am Nov 5, 2022 11:20am
Quoting Waveskierrob
{quote} If you really believe that your indicators work 70% I would go with that, keep compounding your bank and you'll be rich in no time ....Good luck
Amen my friend! Amen!
"No trade is still a trade." - Peter Borish
  • #1,059
  • Nov 5, 2022 12:04pm Nov 5, 2022 12:04pm
Quoting Zbigi
I am back to the market after some years break and last time I failed due on hedging. I've learned "To have to accept loss, it is part of the game". You have to controll this and to like "Stop loss" again. Super thread!!!
Thanks for posting...so what are you saying is that I should stop hedging and start using Stop losses because you failed at hedging...
  • #1,060
  • Nov 5, 2022 12:15pm Nov 5, 2022 12:15pm
Quoting Waveskierrob
{quote} Thanks for posting...so what are you saying is that I should stop hedging and start using Stop losses because you failed at hedging...
How to succeed in zero sum game?
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