Hedging/averaging trades without prediction | Page 73 | 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

  • #1,441
  • Nov 30, 2022 9:54am Nov 30, 2022 9:54am
Quoting birdland
[email protected], no tp
closed for +7
trading is like dancing, don't think and just listen to the music!
  • #1,442
  • Nov 30, 2022 9:57am Nov 30, 2022 9:57am
closed other shorts too for +7, +9

one left
trading is like dancing, don't think and just listen to the music!
  • #1,443
  • Nov 30, 2022 9:58am Nov 30, 2022 9:58am
[email protected], tp+4
trading is like dancing, don't think and just listen to the music!
  • #1,444
  • Nov 30, 2022 10:00am Nov 30, 2022 10:00am
[email protected], tp6
trading is like dancing, don't think and just listen to the music!
  • #1,445
  • Nov 30, 2022 10:05am Nov 30, 2022 10:05am
Quoting birdland
[email protected], tp6
closed all shorts and positions. (only one loss trade)

day end: +78pips with boring AN;-)

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM5.png Size: 21 KB

it is definitely possible to trade this vehicle and i think despite its a bit slow, its more save to start trading this pair then volatile pairs like GU or GJ.

the start was random with a hedge. but after that its critical to manage the positions, especially these with a floating loss.
trading is like dancing, don't think and just listen to the music!
  • #1,446
  • Nov 30, 2022 10:55am Nov 30, 2022 10:55am
Quoting birdland
{quote} closed all shorts and positions. (only one loss trade) day end: +78pips with boring AN;-) {image} it is definitely possible to trade this vehicle and i think despite its a bit slow, its more save to start trading this pair then volatile pairs like GU or GJ. the start was random with a hedge. but after that its critical to manage the positions, especially these with a floating loss.
Good trading Bird, it's nice when price comes back to your starting position, makes life a bit easier..

I've been "freestyling" on EG today using higher highs/lower lows etc no fixed TPs or gaps. Currently in 2 sells/2buys and looking to drop the sells.
  • #1,447
  • Nov 30, 2022 10:59am Nov 30, 2022 10:59am
Quoting birdland
{quote} closed all shorts and positions. (only one loss trade) day end: +78pips with boring AN;-) {image} it is definitely possible to trade this vehicle and i think despite its a bit slow, its more save to start trading this pair then volatile pairs like GU or GJ. the start was random with a hedge. but after that its critical to manage the positions, especially these with a floating loss.
How do you manage positions?
  • #1,448
  • Nov 30, 2022 11:11am Nov 30, 2022 11:11am
Quoting sampat
{quote} How do you manage positions?
by constantly having to decide whether to hedge, average or close a position and when and from what point in time. to keep the balance between longs and shorts.

I can hear that you have not yet had any experience with this. the best thing is to open a demo account and try it out for yourself.
trading is like dancing, don't think and just listen to the music!
  • #1,449
  • Nov 30, 2022 11:37am Nov 30, 2022 11:37am
Quoting birdland
{quote} by constantly having to decide whether to hedge, average or close a position and when and from what point in time. to keep the balance between longs and shorts. I can hear that you have not yet had any experience with this. the best thing is to open a demo account and try it out for yourself.
I don't use hedge as a strategy, I put hedge at my stoploss if my position is big just to stop bleeding and prevent revenge trading.
  • #1,450
  • Nov 30, 2022 12:03pm Nov 30, 2022 12:03pm
Quoting birdland
{quote} by constantly having to decide whether to hedge, average or close a position and when and from what point in time. to keep the balance between longs and shorts. I can hear that you have not yet had any experience with this. the best thing is to open a demo account and try it out for yourself.
Absolutely killing it Bird, looks like you've built massive confidence using this style
  • #1,451
  • Nov 30, 2022 12:11pm Nov 30, 2022 12:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 464 KB


a little hedging starting with a 200$ account, with higher risk..not for the faint hearted.
  • #1,452
  • Dec 1, 2022 12:16am Dec 1, 2022 12:16am
Quoting d5400
{quote} Is it random, or do you look for some PA?
It is not random but no quantifiable signals either. I just feel the market out but keep in mind that I probably don't know where the market is going 98% of the time or at least my timing will be off, so when I am unhedged I generally look to get hedged pretty quick. Then just average when the price goes against and get out for something acceptable (often a loss but I have generally taken a lot of small profits through the hedges so overall it is a win).
  • #1,453
  • Dec 1, 2022 12:25am Dec 1, 2022 12:25am
Quoting Waveskierrob
{quote} Absolutely killing it Bird, looks like you've built massive confidence using this style
yes thanks, it may sound arrogant but compared to GU trading it was a piece of cake with AN.

the only disadvantage is that it was work, so time-consuming, and i even fell asleep in between because the thing hardly moves;-)
trading is like dancing, don't think and just listen to the music!
  • #1,454
  • Dec 2, 2022 12:38pm Dec 2, 2022 12:38pm
TRADE 58 ...GU LONG and SHORT @ 12280 no sl tp +5
  • #1,455
  • Dec 2, 2022 12:44pm Dec 2, 2022 12:44pm
Quoting Waveskierrob
TRADE 58 ...GU LONG and SHORT @ 12280 no sl tp +5
LONG tp hit +5
  • #1,456
  • Dec 2, 2022 12:56pm Dec 2, 2022 12:56pm
Quoting Waveskierrob
TRADE 58 ...GU LONG and SHORT @ 12280 no sl tp +5
SHORT tp hit +5
  • #1,457
  • Dec 2, 2022 12:56pm Dec 2, 2022 12:56pm
TRADE 58 +10 .....running total = +721
  • #1,458
  • Dec 2, 2022 1:01pm Dec 2, 2022 1:01pm
Quoting Waveskierrob
TRADE 58 +10 .....running total = +721
That seemed pretty precise. It went up for +5 and then dropped.
1.02^200
  • #1,459
  • Dec 2, 2022 1:13pm Dec 2, 2022 1:13pm
Quoting d5400
{quote} That seemed pretty precise. It went up for +5 and then dropped.
pure luck at it's finest ...doesn't always go that way but happy when it does ....
  • #1,460
  • Dec 2, 2022 1:19pm Dec 2, 2022 1:19pm
TRADE 59....DJIA ....SHORT @ 34300 no sl tp +5
4 traders viewing now