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Hedging/averaging trades without prediction

  • #1,381
  • Nov 25, 2022 7:30am Nov 25, 2022 7:30am
OMG, I think I just pissed myself...
  • #1,382
  • Nov 25, 2022 7:33am Nov 25, 2022 7:33am
Quoting davelansing
OMG, I think I just pissed myself...
but your statement was good and true.... so shit happens;-)
trading is like dancing, don't think and just listen to the music!
  • #1,383
  • Nov 25, 2022 9:12am Nov 25, 2022 9:12am
@Indigo45,Page 67. post 1,327 surely if the market is ranging on on your 1 and 2 trades and follow up hedging on them,you will go bust if price keeps on ranging,or im i missing something?
  • #1,384
  • Nov 25, 2022 9:37am Nov 25, 2022 9:37am
Quoting birdland
{quote} kuhfladenbingo or in english called "cow patty bingo" actually exists;-) {image}
God this is genius. Truly the best post I have ever seen on FF!

I need to play this... I've got loads of cows near me..
  • #1,385
  • Nov 25, 2022 10:46am Nov 25, 2022 10:46am
Quoting davelansing
So, I've read through all 46 pages of this thread.. and not to be an ass, but I'm not quite sure why folks are still insistent on posting TA, indicators, PA, etc...to determine the directionality of the market prior to opening a hedge trade, or write long posts about "market structure" and the "correct" way of hedging and averaging. A perfect summation of how Rob successfully trades is from Rob himself (Rob's post from 2021 on the GBPUSD thread): "... MM and patience,...big bank, small lots and KISS (keep it stupidly simple)", and the success of...
Not seen this before and read up to pg25 before I lost the will.. is there anything else worth reading in it or does it just descend into the usual FF BS?

The OP has an interesting interval which caught my eye.. 1,2,3,3,3,3 rotate. Worth a look, thanks!
  • #1,386
  • Nov 25, 2022 11:21am Nov 25, 2022 11:21am
Quoting davelansing
{quote} Other than following Rob's trades...as I stated before, it's not about a systematic method, but rather the extreme flexibility in trading decisions when your trade size is small relative to your bank (Rob mentioned that his trade size is 0.01% of his equity). This means that you can put on multiple hedge positions across multiple different pairs, close trades with TP when desired, and hedge and/or average losing trades... all without breaking your bank. Being in the US, I can't open hedge trades in the same pair (within the same account),...
Very good advice, its a shame you have those daft hedging rules in the US...
  • #1,387
  • Nov 25, 2022 12:10pm Nov 25, 2022 12:10pm
Quoting Fagin
{quote} Very good advice, its a shame you have those daft hedging rules in the US...
Well you always can have two brokers plus go offshore ones.
  • #1,388
  • Nov 25, 2022 3:01pm Nov 25, 2022 3:01pm
Quoting Fagin
{quote} Not seen this before and read up to pg25 before I lost the will.. is there anything else worth reading in it or does it just descend into the usual FF BS? The OP has an interesting interval which caught my eye.. 1,2,3,3,3,3 rotate. Worth a look, thanks!
I'm reading through thread and rooting for Samer1970. I hope his equity turns positive.
1.02^200
  • #1,389
  • Nov 25, 2022 5:38pm Nov 25, 2022 5:38pm
Quoting d5400
{quote} I'm reading through thread and rooting for Samer1970. I hope his equity turns positive.
Well I just looked up his last post and this is his last sentence “ha h ah ah ah ha ahhahah ahahha ha ahha”

Since when did reading a thread give you motion sickness? I had to get above deck for some fresh air! Good luck with it and let us know if you find any pearls of wisdom
  • #1,390
  • Nov 26, 2022 8:43am Nov 26, 2022 8:43am
Quoting Fagin
{quote} Well I just looked up his last post and this is his last sentence “ha h ah ah ah ha ahhahah ahahha ha ahha” Since when did reading a thread give you motion sickness? I had to get above deck for some fresh air! Good luck with it and let us know if you find any pearls of wisdom
After page 80, there's some meaningful discussion. Samer's equity did turn positive. The OP dave123 patiently waits for anything practically useful to be said on the topic.
1.02^200
  • #1,391
  • Nov 26, 2022 10:48am Nov 26, 2022 10:48am
Quoting d5400
{quote} After page 80, there's some meaningful discussion. Samer's equity did turn positive. The OP dave123 patiently waits for anything practically useful to be said on the topic.
Please post link.
  • #1,392
  • Nov 26, 2022 1:09pm Nov 26, 2022 1:09pm
Quoting sampat
{quote} Please post link.
I just sent it to you telepathically.
1.02^200
  • #1,393
  • Edited 12:55pm Nov 27, 2022 10:45am | Edited 12:55pm
From GBPUSD thread (post#628,918)...

Quoting Waveskierrob
{quote} Trade small as lots as you can, will make a world of difference to your trading, don't be in a hurry to make your millions, protect your bank, no bank no trading
So true...
  • #1,394
  • Nov 27, 2022 11:19am Nov 27, 2022 11:19am
Quoting d5400
{quote} I just sent it to you telepathically.
Haha why dont you telepathically post things why wasting space without any evidence or help. Just take pipe and hibernate. I really dont understand why it is so hard to post links to clarify things. There was another post earlier about robs post but no response from responder. Why to come on public forum and be cryptic just stay hidden no body is putting guns in your balls to post.
  • #1,395
  • Nov 27, 2022 11:23am Nov 27, 2022 11:23am
more Rob tidbits from the GBPUSD thread (post#630,095)...

Quoting Waveskierrob
{quote} Honestly, random, think I've proved that by copying others entries, flipping coins and Wolfie use a random indicator on his computer, loads of live trades where I've traded in both directions at the same time, I trade my positions not the market, having a big bank using small lots helps, all about good money management, I can't predict for shit
Should be a complete paradigm shift for most..
  • #1,396
  • Nov 27, 2022 12:21pm Nov 27, 2022 12:21pm
Quoting birdland
{quote} yes i went live but with my main account. then i realized that the order size was too big for averaging, BUT good for hedging. so i am trading my old style but combined it with hedging what i learned here. if i would trade including averaging like i did with my demo account i would start with a 100-200 account and trade not GU, but only currencies like EG, AN or ECH. pairs of countries with similar economy and close cooperation. longterm ranging currency-pairs.
The problem what I see on ranging pair is if it breaks out it is difficult to recover and very less volatile. My personal preference is high volatile pairs like US30 or GBP/USD as I can get in and out easily where as pairs like AUD/NZD, EUR/GBP doesn't even move and swaps will kill account.
  • #1,397
  • Nov 27, 2022 12:53pm Nov 27, 2022 12:53pm
I must be on the Waveskierob bandwagon, lol, but here's another gem from the GBPUSD thread (post#635,279)...

Quoting Waveskierrob
{quote}...my strategy is very ad hoc, don't use charts, never try to predict which way market is going, rely on the price average, and a lot of patience (this is where a big bank using small lots helps)...to round it up I trade my positions not the market...
I like to start posting my trades, but unfortunately my trading style is not very exciting...
  • #1,398
  • Nov 27, 2022 1:05pm Nov 27, 2022 1:05pm
Quoting davelansing
I must be on the Waveskierob bandwagon, lol, but here's another gem from the GBPUSD thread (post#635,279)... {quote} I like to start posting my trades, but unfortunately my trading style is not very exciting...
Post anyways, it shouldn't be exciting, I bet on the horses for my excitement
  • #1,399
  • Nov 27, 2022 1:06pm Nov 27, 2022 1:06pm
This sort of averaging approach never works in the long-run.
  • #1,400
  • Nov 27, 2022 1:32pm Nov 27, 2022 1:32pm
Quoting appreciation
This sort of averaging approach never works in the long-run.
Thanks for posting, but this is an evidence based thread, can you prove that it never works in the long-run or is it just an off the cuff comment, your reply will be appreciated
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