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Hedging/averaging trades without prediction

  • #1,621
  • Dec 14, 2022 6:43am Dec 14, 2022 6:43am
Quoting Fardeen1209
{quote} Bro, how the option gonna affect the pair, meaning they can dump it?
Inserted Video

Found it.
More time in the market, does not mean you trade better!
  • #1,622
  • Dec 14, 2022 6:48am Dec 14, 2022 6:48am
Quoting Fardeen1209
{quote} Bro, how the option gonna affect the pair, meaning they can dump it?
We’re going to rally into Christmas. ($SPY)

Market update as PPI and Job number coming out Friday morning to watch and found GBP/USD bottom reversal at support but Friday morning number will decide the market direction and Option expiry Friday so expect ugly game tonight to watch out.

GBPUSD broke above the key 1.2300 resistance level.
If Fed 50 bps tomorrow and BOE 75 bps Thursday that should extend the pair continuously upside the next resistance 1.260 which is also the 61.8% mark from high May 2021 to low Sept 2022.
If the support holds the price, look for buying opportunities

Lastly........ I don't know what price going to do later. Just look at PA and react to it.

Best of Luck.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,623
  • Dec 14, 2022 7:34am Dec 14, 2022 7:34am
GU

Short
Attached Image (click to enlarge)
Click to Enlarge Name: gu 028.jpg Size: 161 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,624
  • Edited 8:58am Dec 14, 2022 8:25am | Edited 8:58am
one important hint: when u hold positions get hedged before important news like today FOMC and cancel TPs

later you can always install the TPs and continue normal trading.
trading is like dancing, don't think and just listen to the music!
  • #1,625
  • Dec 14, 2022 9:08am Dec 14, 2022 9:08am
Quoting birdland
one important hint: when u hold positions get hedged before important news like today FOMC and cancel TPs later you can always install the TPs and continue normal trading.
How do you get out of the hedge though?
  • #1,626
  • Dec 14, 2022 9:19am Dec 14, 2022 9:19am
Quoting Pat Chiko
GU Short {image}
It's not biting, will have to average.
1.02^200
  • #1,627
  • Dec 14, 2022 9:29am Dec 14, 2022 9:29am
Quoting xav
{quote} How do you get out of the hedge though?
Look back through the thread,many examples, help yourself ...
  • #1,628
  • Dec 14, 2022 9:30am Dec 14, 2022 9:30am
Quoting xav
{quote} How do you get out of the hedge though?
if you are 1 long and 1 short (hedge), just close one end with TP or at market and the you are net 1 long or 1 short;-)


i see that your network is existing of 59 ignored members...am i the next?....hahahaha

wake up, we are not in kindergarden here and holding hands! and we are not sticking anywhere to save the world either
trading is like dancing, don't think and just listen to the music!
  • #1,629
  • Dec 14, 2022 11:02am Dec 14, 2022 11:02am
Dude... why would i? Why do you assume that an ignore is anything other than i just don't want to swift through posts that contribute less than nothing? Look at those posters, look at the absolute garbage they post. You're right, we're not in kindergarden so don't be so touchy feely especially when you just assume other people's supposed hurt that has nothing to do with you. I mean... I just asked a question here.
  • #1,630
  • Dec 14, 2022 11:10am Dec 14, 2022 11:10am
Hi everyone!

Today i tried this "system" and here are my results.

About 60p profit.

Random entry (fixed 5p TP) + averaging + SL/TP management. Tomorrow i will try to incorporate hedging. Right now my main focus is to close all trades in small profit or BE.

I have maximum DD for the day which i treat like hard SL.
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  • #1,631
  • Dec 14, 2022 11:14am Dec 14, 2022 11:14am
Quoting Pat Chiko
GU Short {image}
GU

Lucky escape
Reverse TRade
Attached Image (click to enlarge)
Click to Enlarge Name: gu 037.jpg Size: 152 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,632
  • Dec 14, 2022 11:20am Dec 14, 2022 11:20am
Quoting Pat Chiko
{quote} GU Lucky escape Reverse TRade{image}
What is the rational for it GU rising Pat?
  • #1,633
  • Dec 14, 2022 11:51am Dec 14, 2022 11:51am
Quoting Pat Chiko
{quote} GU Lucky escape Reverse TRade{image}
Quoting dantpm
{quote} What is the rational for it GU rising Pat?
For LQ , unfilled Supply on weekly.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 038.jpg Size: 198 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,634
  • Dec 14, 2022 11:55am Dec 14, 2022 11:55am
Quoting Pat Chiko
{quote} {quote} For LQ , unfilled Supply on weekly. {image}
Thanks!
  • #1,635
  • Dec 14, 2022 12:03pm Dec 14, 2022 12:03pm
Guys please, I never seen this before. What is happening? When I open buy and sell, then I close profitable position, both of them are closed, but one is always 0 profit. How & why? Am I missing something? Broker is IC Markets. Never had any problems. This is first time seeing this.

I thought that this is some kind weird glitch of MT4 on mobile, but ok desktop it shows the same.

Can anyone explain? I could always open buy and sell and then close only one position. This is not possible now. :/ It's some kind of protection when market is moving fast or what?

Thanks for any help or explanation. :o)

SF
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  • #1,636
  • Dec 14, 2022 12:05pm Dec 14, 2022 12:05pm
Quoting SilentFather
Guys please, I never seen this before. What is happening? When I open buy and sell, then I close profitable position, both of them are closed, but one is always 0 profit. How & why? Am I missing something? Broker is IC Markets. Never had any problems. This is first time seeing this. I thought that this is some kind weird glitch of MT4 on mobile, but ok desktop it shows the same. Can anyone explain? I could always open buy and sell and then close only one position. This is not possible now. :/ It's some kind of protection when market is moving fast...
Look at the purchase price of both items
  • #1,637
  • Dec 14, 2022 12:05pm Dec 14, 2022 12:05pm
Averaging Up is also ok.
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1.02^200
  • #1,638
  • Dec 14, 2022 12:15pm Dec 14, 2022 12:15pm
Quoting dantpm
{quote} Look at the purchase price of both items
Yeah I saw that. This was test i tried on demo. If same thing happens. Before today, when I had two positions and I closed one, the second one was still there.

So idk.
  • #1,639
  • Dec 14, 2022 12:15pm Dec 14, 2022 12:15pm
Quoting Pat Chiko
{quote} {quote} For LQ , unfilled Supply on weekly. {image}
GU

Partial TP - to buy Christmas present.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 039.jpg Size: 237 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,640
  • Dec 14, 2022 12:23pm Dec 14, 2022 12:23pm
Quoting SilentFather
{quote} Yeah I saw that. This was test i tried on demo. If same thing happens. Before today, when I had two positions and I closed one, the second one was still there. So idk.
How did you close the position? Did they have the same 'magic number'?
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