{quote} pure luck at it's finest ...doesn't always go that way but happy when it does ....
1.02^200
Hedging/averaging trades without prediction
- #1,462
- Dec 2, 2022 1:52pm Dec 2, 2022 1:52pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
- #1,463
- Dec 2, 2022 1:57pm Dec 2, 2022 1:57pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
- #1,464
- Edited Dec 5, 2022 3:56am Dec 4, 2022 8:25am | Edited Dec 5, 2022 3:56am
- Joined Feb 2009 | Status: member | 528 Posts
Decided to start posting screenshots of my open trades... the good, the bad, and the really ugly... and will do this on a daily basis if it's ok with Rob....as you can see I'm currently in a lopsided EURSD sell basket, but I did this for a purpose, lol, sort of, I needed to prove to myself that with patience, I can successfully trade out of a runaway trend without negatively impacting my equity. Because I trade with Oanda, I can trade micro-lots and this ensures that my trade size ($0.03 per pip) is really small relative to my equity....at one point I did have a hedge trade on with a GBPUSD buy basket, but closed the GBPUSD basket when the USD gained strength following NFP (I did make quite a bit of $$). Anyways, here we go...
what is my next step(s)? I don't know...yet. Most likely will start opening buy trades with AUDUSD, or the more volatile GBPUSD, while continue to average out the EURUSD sell basket...
Btw, I'm in the US, so placing same-pair hedge trades is out (aside from going to an off-shore broker). Rather, I trade using correlated pairs.. look up the posts from former FF member "yazzie" who traded similarly as Rob, and basically took $30k to $160k in a year (real account) offsetting GBPJPY trades with EURJPY....
Also, I don't trade using charts; although I will show a chart on the screenshot just to have a reference to where the current sell basket is, but normally the chart is blacked out..
what is my next step(s)? I don't know...yet. Most likely will start opening buy trades with AUDUSD, or the more volatile GBPUSD, while continue to average out the EURUSD sell basket...
Btw, I'm in the US, so placing same-pair hedge trades is out (aside from going to an off-shore broker). Rather, I trade using correlated pairs.. look up the posts from former FF member "yazzie" who traded similarly as Rob, and basically took $30k to $160k in a year (real account) offsetting GBPJPY trades with EURJPY....
Also, I don't trade using charts; although I will show a chart on the screenshot just to have a reference to where the current sell basket is, but normally the chart is blacked out..
- #1,465
- Dec 4, 2022 8:59am Dec 4, 2022 8:59am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Decided to start posting screenshots of my open trades... the good, the bad, and the really ugly... and will do this on a daily basis if it's ok with Rob....as you can see I'm currently in a lopsided EURSD sell basket, but I did this for a purpose, lol, sort of, I needed to prove to myself that with patience, I can successfully trade out of a runaway trend without negatively impacting my equity. Because I trade with Oanda, I can trade micro-lots and this ensures that my trade size ($0.03 per pip) is really small relative to my equity....at one point...
Decided to start posting screenshots of my open trades... the good, the bad, and the really ugly... and will do this on a daily basis if it's ok with Rob....as you can see I'm currently in a lopsided EURSD sell basket, but I did this for a purpose, lol, sort of, I needed to prove to myself that with patience, I can successfully trade out of a runaway trend without negatively impacting my equity. Because I trade with Oanda, I can trade micro-lots and this ensures that my trade size ($0.03 per pip) is really small relative to my equity....at one point...
Anything I did wrong? 
- #1,467
- Edited 12:22pm Dec 4, 2022 11:33am | Edited 12:22pm
- Joined Feb 2009 | Status: member | 528 Posts
{quote} I tried search for yazzie and found nothing.
Here ya go...
https://www.forexfactory.com/yazzie
A "couple" of key posts, lol, from 2013-14:
https://www.forexfactory.com/thread/...60#post7170360
https://www.forexfactory.com/thread/...59#post7182259
https://www.forexfactory.com/thread/...43#post7183343
https://www.forexfactory.com/thread/...66#post7205066
https://www.forexfactory.com/thread/...91#post7509191
https://www.forexfactory.com/thread/...61#post7510361
https://www.forexfactory.com/thread/...77#post7640177
https://www.forexfactory.com/thread/...80#post7698780
https://www.forexfactory.com/thread/...19#post9601019
https://www.forexfactory.com/thread/...58#post7610258
https://www.forexfactory.com/thread/...39#post7458039
https://www.forexfactory.com/thread/...71#post7413471
https://www.forexfactory.com/thread/...37#post7319237
https://www.forexfactory.com/thread/...62#post7275162
https://www.forexfactory.com/thread/...90#post7259490
- #1,469
- Edited 1:31pm Dec 4, 2022 12:26pm | Edited 1:31pm
- Joined Feb 2009 | Status: member | 528 Posts
{quote} Please by all means post away, reading your post, it occurs to me you have the right attitude, something to think about
Since I have a daytime job, my screenshots will generally be from the evening, after NY close, EST, but hopefully I'll remember to take a few pics during the day and post those as well. Also, I'll try as best I can to describe any trades opened/closed.
- #1,470
- Dec 5, 2022 2:18am Dec 5, 2022 2:18am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
- #1,471
- Dec 5, 2022 2:22am Dec 5, 2022 2:22am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
- #1,472
- Dec 5, 2022 4:18am Dec 5, 2022 4:18am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
- #1,473
- Dec 5, 2022 4:22am Dec 5, 2022 4:22am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Haha...
On the last weekend I came across this thread and really liked what I have been reading through all the pages.
So couldn't wait for Frankfurt and London start this morning.
I just opened randomly on AU and EG... Scalped a couple of tp5`s in my demo pocket
pretty much around noon I started to place some trades to average the negative ones which were still in play.
I never achieved this amount of pips during a single morning, had so much fun stayingin the market and ended up with nice green 187 pips
Hope I can continue this way
On the last weekend I came across this thread and really liked what I have been reading through all the pages.
So couldn't wait for Frankfurt and London start this morning.
I just opened randomly on AU and EG... Scalped a couple of tp5`s in my demo pocket
pretty much around noon I started to place some trades to average the negative ones which were still in play. I never achieved this amount of pips during a single morning, had so much fun stayingin the market and ended up with nice green 187 pips
Hope I can continue this way
Haha... On the last weekend I came across this thread and really liked what I have been reading through all the pages. So couldn't wait for Frankfurt and London start this morning. I just opened randomly on AU and EG... Scalped a couple of tp5`s in my demo pocket
1.02^200
- #1,478
- Edited 2:52pm Dec 5, 2022 2:32pm | Edited 2:52pm
- Joined Feb 2009 | Status: member | 528 Posts
EURUSD Sell basket update#2... as of 3:30pm EST. Closed 4 profitable sell trades (+20, +43, +70, +96)....Btw, the red boxes with the "arrows" are open sell trades, and boxes with the "clock" are pending sell trades.. each trade is offset by 25 pips. BE is now set at 1.0394.
- #1,480
- Dec 5, 2022 3:06pm Dec 5, 2022 3:06pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Haha... On the last weekend I came across this thread and really liked what I have been reading through all the pages. So couldn't wait for Frankfurt and London start this morning. I just opened randomly on AU and EG... Scalped a couple of tp5`s in my demo pocket
