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Hedging/averaging trades without prediction
- #1,861
- Jan 6, 2023 4:01am Jan 6, 2023 4:01am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
- #1,862
- Jan 6, 2023 4:01am Jan 6, 2023 4:01am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Started Live today!
Trading only GU and stopped after hitting 115.9 Pips after comission
Trades taken this morning:
Trade summary:
131.6 pips before comission.
Not a bad start at all
Almost the same trades on demo. But traded furthermore after stopping on live...
Demo Account gained around 300 pips on GU and around 94 pips on gold.
Trading only GU and stopped after hitting 115.9 Pips after comission
Trades taken this morning:
Trade summary:
131.6 pips before comission.
Not a bad start at all
Almost the same trades on demo. But traded furthermore after stopping on live...
Demo Account gained around 300 pips on GU and around 94 pips on gold.
Started Live today! Trading only GU and stopped after hitting 115.9 Pips after comission
Pls keep sharing
- #1,870
- Jan 11, 2023 7:13am Jan 11, 2023 7:13am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
slow morning againbut better save than sorry and a little bit of profit banked so far. summary for the morning session: {image} Trades on GU: {image}
i am continuing my trading with this style and my daily traget are +100pips or above, then i stop trading.
and i have found a way not to hold positions overnight due to the swap fees and the risk included.
so far things are running nice...
trading is like dancing, don't think and just listen to the music!
- #1,871
- Jan 11, 2023 9:56am Jan 11, 2023 9:56am
Hello Mr.Moe could you provide any details on what made you go with this Trading startegy.. and what are the limitations u ever encountered. I'm a beginner and i am doing only this type of hedging: 1. I'm opening a buy/sell with a low spread pair and I'm letting it run for that level which may seem decisive. 2. I will be closing the profit running trade. And let the other trade go back like 20 - 25 pips. Atleast. Where i would be closing it. 3. During heavy volatility days ,or when there is news ahead,i am unable to clear my positions . And i was...
https://www.forexfactory.com/thread/...6#post14251726
I discover my limit right about now!
I should have stopped trading live, but I didn't because I had a look on EUR/CHF and thought there must be a retrace in play.... Now Iam down by 1500 pips and have to be very patient and have to wait for it to turn. But at the moment (and the whole day) it knows only one direction with almost no pullbacks at all. It does respect nothing at the moment, no BRN no previous resistant levels
it just smashes through everything 
- #1,872
- Jan 11, 2023 10:33am Jan 11, 2023 10:33am
I take away two blue eyes out of this box-fight!
Ending luckily positive on EURCHF...
This is how it looks like when your greed kicks in.... Or we can call it a heavy average party:
Summary for today:
End of trading today! Need to rest and need to clear my mind
What have I learned this afternoon?
- If I feel not comfortable to trade the present session or pair, DON'T TRADE!!!
- Have to control myself more in beeing not to greedy! When price moves against you, open positions in the direction and bank some small profits along the way. When volume starts to slow down, start to average out the losers!
- Always try to have enough margin in my backpack!!!
See you all tomorrow!
Ending luckily positive on EURCHF...
This is how it looks like when your greed kicks in.... Or we can call it a heavy average party:
Summary for today:
End of trading today! Need to rest and need to clear my mind
What have I learned this afternoon?
- If I feel not comfortable to trade the present session or pair, DON'T TRADE!!!
- Have to control myself more in beeing not to greedy! When price moves against you, open positions in the direction and bank some small profits along the way. When volume starts to slow down, start to average out the losers!
- Always try to have enough margin in my backpack!!!
See you all tomorrow!
- #1,874
- Jan 12, 2023 1:21am Jan 12, 2023 1:21am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
trading is like dancing, don't think and just listen to the music!
- #1,875
- Jan 12, 2023 3:44am Jan 12, 2023 3:44am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
trading is like dancing, don't think and just listen to the music!
- #1,876
- Jan 12, 2023 4:47am Jan 12, 2023 4:47am
today it took 2h43min to get my daily target: {image}
Would you mind posting a Chart with your trades? Iam very curious how you entered 277 trades
Iam done for the day as well!
Slow session again...
Summary:
In hindsight of the USD CPI News this afternoon Iam definately not trading until the news are out.
- #1,877
- Jan 12, 2023 5:17am Jan 12, 2023 5:17am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
today it took 2h43min to get my daily target: {image}
{quote} 1. Nothing is set in stone 2. I'm not a guru but I do have some tools and ideas that may help 3. Please no predictions there are other threads for this 4. Try these ideas on DEMO for at least a month 5. BIG bank and trade the smallest lots you can 6. I work on average price and hedging 7. I don't use stoploss but do use target price 8. Market can move in any direction at anytime 9. Don't blame market or news, it is what it is 10. Concentrate on your equity as you bank profits early and let losses run, so profit and loss will mainly be in...
- #1,879
- Jan 12, 2023 6:03am Jan 12, 2023 6:03am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} I'm testing your strategy and it seems it works very well. Slowly filling the pot and don't care about the market direction. Well done Waveskierrob
