Hedging/averaging trades without prediction | Page 56 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mathematical hedging strategy without a stop loss 22 replies

'Averaging Down Is for Losers' - valid or not? 27 replies

Fast Averaging versus Slow Averaging 1 reply

Averaging 7 replies

Martigale and Averaging Down 4 replies

Attachments: Hedging/averaging trades without prediction
Exit Attachments

Hedging/averaging trades without prediction

  • #1,101
  • Nov 7, 2022 8:24am Nov 7, 2022 8:24am
Quoting birdland
i have one hour time, so lets do a trade. SHORT@1479, tp5
+5
trading is like dancing, don't think and just listen to the music!
  • #1,102
  • Nov 7, 2022 8:28am Nov 7, 2022 8:28am
random hedge@1470, tp5
trading is like dancing, don't think and just listen to the music!
  • #1,103
  • Nov 7, 2022 8:31am Nov 7, 2022 8:31am
Quoting birdland
random hedge@1470, tp5
LONG+5
trading is like dancing, don't think and just listen to the music!
  • #1,104
  • Nov 7, 2022 8:35am Nov 7, 2022 8:35am
LONG@1470, tp5
trading is like dancing, don't think and just listen to the music!
  • #1,105
  • Nov 7, 2022 8:36am Nov 7, 2022 8:36am
Quoting birdland
random hedge@1470, tp5
SHORT+5
trading is like dancing, don't think and just listen to the music!
  • #1,106
  • Nov 7, 2022 8:36am Nov 7, 2022 8:36am
LONG@1458, no tp
trading is like dancing, don't think and just listen to the music!
  • #1,107
  • Nov 7, 2022 8:47am Nov 7, 2022 8:47am
Quoting birdland
LONG@1458, no tp
closed whole trasaction sequence for +25 (+5,+5, +5, +11, -1)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 30 KB
trading is like dancing, don't think and just listen to the music!
  • #1,108
  • Nov 7, 2022 9:10am Nov 7, 2022 9:10am
Quoting birdland
{quote} it started with +3, then +4 and then i went short but it failed. then a again turned around the ship and went long for another +20 pips. 11 LONGS versus 6 SHORTS averaged up, made for the whole transaction +27. but in reality with a live account i would not have felt comfortable with a floatling loss of -230 pips. the H1 bar is 135 pips huge, which is exceptional, even more so on a Monday. i am not trading privately with the live account today because i don't like too crazy, divergent movements. tomorrow is a new day. {image}
Great bit of experience, you've probably got a lot out of it, big down draws are common good to be prepared and experience it, remember nothing set in stone always cut the trade for a loss if you feel uncomfortable with it
  • #1,109
  • Nov 7, 2022 9:41am Nov 7, 2022 9:41am
Quoting Waveskierrob
{quote} Great bit of experience, you've probably got a lot out of it, big down draws are common good to be prepared and experience it, remember nothing set in stone always cut the trade for a loss if you feel uncomfortable with it
yes, got really a lot out of it. i think i can handle this drawdown also in the future and with a live account. but essential is the small lot size with all the hedging/averaging approaches.

i have at the moment no idea what drawdown is acceptable or not and to close the whole transaction, will find it out through practice on demo i guess;-)
trading is like dancing, don't think and just listen to the music!
  • #1,110
  • Nov 7, 2022 9:47am Nov 7, 2022 9:47am
Quoting birdland
{quote} yes, got really a lot out of it. i think i can handle this drawdown also in the future and with a live account. but essential is the small lot size with all the hedging/averaging approaches. i have at the moment no idea what drawdown is acceptable or not and to close the whole transaction, will find it out through practice on demo i guess;-)
Don't hesitate to go through the data throughout the last 20years, and plan accordingly. Lot of work, but necessary for long-term.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #1,111
  • Nov 7, 2022 10:23am Nov 7, 2022 10:23am
Quoting mtako
{quote} Don't hesitate to go through the data throughout the last 20years, and plan accordingly. Lot of work, but necessary for long-term.
I won't do that, because that would be backtesting and that doesn't make sense in my experience.
trading is like dancing, don't think and just listen to the music!
  • #1,112
  • Nov 7, 2022 10:31am Nov 7, 2022 10:31am
Quoting birdland
{quote} I won't do that, because that would be backtesting and that doesn't make sense in my experience.
Sounds good. Good luck in your forward testing then !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #1,113
  • Nov 7, 2022 10:46am Nov 7, 2022 10:46am
Quoting birdland
{quote} I won't do that, because that would be backtesting and that doesn't make sense in my experience.
Theory comes with practice.
1.02^200
  • #1,114
  • Nov 7, 2022 12:14pm Nov 7, 2022 12:14pm
GU

Scalp short.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 351.jpg Size: 149 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,115
  • Nov 7, 2022 12:23pm Nov 7, 2022 12:23pm
Quoting Pat Chiko
GU Scalp short.{image}
Hello,
Thanks for sharing your trade. Can you please share why did you open short, while trend is clearly bullish. (Please don't mind bcoz I am new to forum, just learning with real money).
and what is possible tp.

Regards.
  • #1,116
  • Nov 7, 2022 12:36pm Nov 7, 2022 12:36pm
Quoting Pat Chiko
GU Scalp short.{image}
Looks totally random. Good for you :laugh:
1.02^200
  • #1,117
  • Nov 7, 2022 3:00pm Nov 7, 2022 3:00pm
Quoting KashifHfx
{quote} Hello, Thanks for sharing your trade. Can you please share why did you open short, while trend is clearly bullish. (Please don't mind bcoz I am new to forum, just learning with real money). and what is possible tp. Regards.
GU

Confluence of price action.
Description on the marked up chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 352.jpg Size: 100 KB


"while trend is clearly bullish."
What TF is trend bullish by your definition. ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,118
  • Nov 7, 2022 3:58pm Nov 7, 2022 3:58pm
Quoting d5400
{quote} Looks totally random. Good for you :laugh:
the more random it is the better
How to succeed in zero sum game?
  • #1,119
  • Nov 7, 2022 4:22pm Nov 7, 2022 4:22pm
Quoting Swede
{quote} Not trying to be offensive, but that is anything but a random trade....
How to succeed in zero sum game?
  • #1,120
  • Nov 7, 2022 4:23pm Nov 7, 2022 4:23pm
Quoting Swede
{quote} Not trying to be offensive, but that is anything but a random trade....
Only random allowed here.
1.02^200
5 traders viewing now