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Hedging/averaging trades without prediction

  • #2,121
  • Mar 27, 2023 6:40am Mar 27, 2023 6:40am
GU Short @1.22699
  • #2,122
  • Mar 27, 2023 8:01am Mar 27, 2023 8:01am
Quoting Fagin
GU Short @1.22699
Closed at 1.2252. All flat.
  • #2,123
  • Mar 27, 2023 9:12am Mar 27, 2023 9:12am
Quoting birdland
{quote} now i took a short (red point) so i am naturally hedged;-) TP more than 30 for long and short. {image}
long +31 pips banked;-)

one short running with a floating loss of -39
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 11 KB
trading is like dancing, don't think and just listen to the music!
  • #2,124
  • Mar 27, 2023 12:59pm Mar 27, 2023 12:59pm
Still underwater with me DJIA trade ...time heals all wounds...
  • #2,125
  • Mar 27, 2023 1:37pm Mar 27, 2023 1:37pm
Quoting Waveskierrob
Still underwater with me DJIA trade ...time heals all wounds...
Be ok. Pull your your wetsuit and snorkel out..
  • #2,126
  • Mar 27, 2023 1:53pm Mar 27, 2023 1:53pm
Done absolutely nothing today trade-wise, just monitored my EU positions, price slowly moving north. Have re-read the thread, and run some simulations, and can see I may have been over-averaging so far. Doing nothing and self-analysis can be quite beneficial, love learning new things.
Sounds like a lot of screen time to me.
  • #2,127
  • Mar 28, 2023 1:10am Mar 28, 2023 1:10am
Quoting birdland
{quote} long +31 pips banked;-) one short running with a floating loss of -39 {image}
a second short added
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 11 KB
trading is like dancing, don't think and just listen to the music!
  • #2,128
  • Mar 28, 2023 3:40am Mar 28, 2023 3:40am
Since banking shorts at 1.0860 some days ago, two of the 4 EU longs closed at small profit or BE, whilst I could close the other 2 to bring the whole trade to a close I'll try squeezing the hedge smaller. If price continues north I'll close the whole basket if it it goes south I'll start banking shorts again.
Sounds like a lot of screen time to me.
  • #2,129
  • Mar 29, 2023 2:05am Mar 29, 2023 2:05am
All EU longs banked bar one at 1.08587, left a pending short hedge overnight at 1.08292 which is now in play. I’ll bank the short at 1.08200, if it gets there, and start dropping longs again on the way down. 3.2% rise in a month, on one pair, many trades and no SLs used.
Sounds like a lot of screen time to me.
  • #2,130
  • Mar 29, 2023 2:06am Mar 29, 2023 2:06am
Good morning
  • #2,131
  • Mar 29, 2023 3:30am Mar 29, 2023 3:30am
GU long @1.23129
  • #2,132
  • Mar 29, 2023 3:36am Mar 29, 2023 3:36am
Quoting Fagin
GU long @1.23129
GU long @ 1.23104

Close all at 1.23126 Flat
  • #2,133
  • Mar 29, 2023 4:19am Mar 29, 2023 4:19am
gu short @ 1.23275
  • #2,134
  • Mar 29, 2023 4:55am Mar 29, 2023 4:55am
Quoting Fagin
gu short @ 1.23275
gu short @ 1.23430
  • #2,135
  • Mar 29, 2023 4:59am Mar 29, 2023 4:59am
Quoting Fagin
{quote} gu short @ 1.23430
GU Long and Short @ 1.23543
  • #2,136
  • Mar 29, 2023 5:48am Mar 29, 2023 5:48am
Quoting birdland
{quote} a second short added {image}
third short added
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 10 KB
trading is like dancing, don't think and just listen to the music!
  • #2,137
  • Mar 29, 2023 6:08am Mar 29, 2023 6:08am
L&S S&P500

Last EU long soon to close (probably), unfortunately whilst my short did go below 1.08200 I was out of the room and didn't set the TP, oh well I'll see if I can trade it out.
Sounds like a lot of screen time to me.
  • #2,138
  • Mar 29, 2023 7:07am Mar 29, 2023 7:07am
Quoting Fagin
{quote} GU Long and Short @ 1.23543
Close all @ 1.23335. Back on the hunt..
  • #2,139
  • Mar 29, 2023 8:29am Mar 29, 2023 8:29am
GU Buy @ 1.23104
  • #2,140
  • Mar 29, 2023 8:32am Mar 29, 2023 8:32am
Quoting birdland
{quote} third short added {image}
+38 from one short.

now also catched one long (blue line). 2 shorts, 1 long

so balance&equity is again above 10.000 ;-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 12 KB
Click to Enlarge Name: GBPUSDM1.png Size: 19 KB
trading is like dancing, don't think and just listen to the music!
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