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Hedging/averaging trades without prediction

  • #1,601
  • Dec 13, 2022 1:21pm Dec 13, 2022 1:21pm
Quoting apples1978
What comes up must come down....
Depends it may not happen in life time USD/JPY to 70s level, GBP/USD to 2 levels, EUR/CHF to 2 levels and S&P to 1K level may not happen in our life time
  • #1,602
  • Edited Dec 14, 2022 4:31pm Dec 13, 2022 5:00pm | Edited Dec 14, 2022 4:31pm
update as of 7:55pm, EST. Well, I did say the good, the bad, AND the ugly... drawdown is ~24%...I have several pending sell orders below the current price in case the EURO decides to retrace... we'll see...
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  • #1,603
  • Dec 13, 2022 9:03pm Dec 13, 2022 9:03pm
Quoting davelansing
update as of 7:55pm, EST. Well, I did say the good, the bad, and the ugly... drawdown is ~24%...I have several pending sell orders below the current price in case the EURO decides to retrace... we'll see...{image}
We will see, but I believe we could move a bit up again. We are now in something like waiting mode. We all know this.

Actually we could go down (they will start buying) and buy somewhere around "down there" ;D This will be interesting though.

SF
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  • #1,604
  • Dec 13, 2022 9:55pm Dec 13, 2022 9:55pm
GU

Hedging and averaging method.
taking this set up for LO
Waiting for N3
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,605
  • Dec 13, 2022 11:56pm Dec 13, 2022 11:56pm
Quoting SilentFather
{quote} ... Ctrader {image}myfxbook {image} Right now it's a bit different, but it doesn't matter much. What's better about myfxbook is the chart with change over time. It's like indicator. Updated every hour. Ctrader on the other way is updated more often. Honestly I do think that myfxbook sentiment is more than enough..., to be on the profitable side. As I said in other thread, price very often like to reverse on 50% retracement.Hope I explained it more than enough. :o) SF
ill try that, thank you for your explanation!
trading is like dancing, don't think and just listen to the music!
  • #1,606
  • Edited 12:48am Dec 14, 2022 12:10am | Edited 12:48am
Quoting birdland
{quote} ill try that, thank you for your explanation!
No prob friend. If you want any help, I'm sure Waveskierrob will have no problem sharing trades based on sentiment. We can help each other. Would like to learn this way also.

Let's all benefit from this guys. :o)

P.S - Also keep an eye on the 10 000+ level on the sentiment.

SF
  • #1,607
  • Dec 14, 2022 1:47am Dec 14, 2022 1:47am
Quoting Pat Chiko
GU Hedging and averaging method. taking this set up for LO Waiting for N3 {image}
GU

Scalping SHORT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,608
  • Dec 14, 2022 2:05am Dec 14, 2022 2:05am
Quoting Pat Chiko
{quote} GU Scalping SHORT{image}

GU

ADD N3 @H4New open
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,609
  • Dec 14, 2022 2:18am Dec 14, 2022 2:18am
Quoting Pat Chiko
{quote} GU Scalping SHORT{image}
Interesting PAT short for my own reasons but my broker had no gap, would of been a good edge seeing that gap wonder why mine did not have gap...
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Pip Student
  • #1,610
  • Dec 14, 2022 2:24am Dec 14, 2022 2:24am
Quoting apples1978
{quote} Interesting PAT short for my own reasons but my broker had no gap, would of been a good edge seeing that gap wonder why mine did not have gap... {image}
There's no GAP, only bad data on yesterday CPI high impact data release.
It appear only on M30 , not in other TF.

No worries abt that, it happened when volume overwhelm the MT4 capacity.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,611
  • Dec 14, 2022 2:28am Dec 14, 2022 2:28am
ah
Pip Student
  • #1,612
  • Dec 14, 2022 3:09am Dec 14, 2022 3:09am
Wanted to buy EURUSD. Well... Bought on high (never do that) and I didn't liked it. Well bye bye 20 pips. Also I wanted to open my normal lot, it was for a test so... Well could have been a good trade.

SF
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  • #1,613
  • Dec 14, 2022 4:41am Dec 14, 2022 4:41am
Quoting SilentFather
Wanted to buy EURUSD. Well... Bought on high (never do that) and I didn't liked it. Well bye bye 20 pips. Also I wanted to open my normal lot, it was for a test so... Well could have been a good trade. SF {image} {image}
and did you want to average or hedge with this trade? why did you tell us about this trade?
trading is like dancing, don't think and just listen to the music!
  • #1,614
  • Dec 14, 2022 4:50am Dec 14, 2022 4:50am
Quoting Pat Chiko
{quote} GU ADD N3 @H4New open{image}
GU

Cash out some of the weak position for some tiny profit.
Let others run to targets.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,615
  • Dec 14, 2022 5:15am Dec 14, 2022 5:15am
Quoting birdland
{quote} and did you want to average or hedge with this trade? why did you tell us about this trade?
Yep, wanted to. As said, didn't liked it. I rather close it instead of loss. Problem is, I'm using phone to trade. It's worst idea ever. I'll post trades only from PC. :o/ next time... Anyway you could buy and sell on high tho. This is what we said earlier. It's false move to confuse sellers.

SF
  • #1,616
  • Dec 14, 2022 5:31am Dec 14, 2022 5:31am
Quoting Pat Chiko
{quote} GU Cash out some of the weak position for some tiny profit. Let others run to targets.{image}
GU

Partial TP 2.
Balance open with Positive Stop.
Price is engaging into LQ zone for FOMC.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,617
  • Dec 14, 2022 6:02am Dec 14, 2022 6:02am
Quoting Pat Chiko
{quote} GU Partial TP 2. Balance open with Positive Stop. Price is engaging into LQ zone for FOMC.{image}
Thanks Pat
Translating into a newbie language: LQ zone for FOMC is where we should anticipate a lot of buying happening

am i correct???
Lou Vincii Code
  • #1,618
  • Dec 14, 2022 6:18am Dec 14, 2022 6:18am
What's going on with this busy week ?.

Monday: SBF in jail ....
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Tuesday: CPI - everyone happy and see lot of traders makes money...

Wednesday: FOMC - that's tonight..
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Thursday: Jobless Claims
I don't know what is this.........?

Friday: $3.7 trillion options expiry happening on Friday, wouldn't want to miss that.
Then Party time..............
( Just wish today is Friday)... Damn the week too long for me.
Going for party and clubbing is motivating on the list.
We should get more early profit next week for that day ....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,619
  • Dec 14, 2022 6:22am Dec 14, 2022 6:22am
FOMC Score card, this scenario table just like betting table where you just put your luck on it.
I don't know why I'm putting it in here ?.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,620
  • Dec 14, 2022 6:23am Dec 14, 2022 6:23am
Quoting Pat Chiko
What's going on with this busy week ?. Monday: SBF in jail ....{image} Tuesday: CPI - everyone happy and see lot of traders makes money... Wednesday: FOMC - that's tonight..{image} Thursday: Jobless Claims I don't know what is this.........? Friday: $3.7 trillion options expiry happening on Friday, wouldn't want to miss that. Then Party time.............. ( Just wish today is Friday)... Damn the week too long for me. Going for party and clubbing is motivating on the list. We should get more early profit next week for that day .......
Bro, how the option gonna affect the pair, meaning they can dump it?
More time in the market, does not mean you trade better!
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