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Hedging/averaging trades without prediction

  • #2,181
  • Apr 5, 2023 1:20am Apr 5, 2023 1:20am
Quoting birdland
{quote} above the red line i will add another short {image}
below the blue line i will buy

3 shorts running at the moment;-)
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!
  • #2,182
  • Apr 6, 2023 12:57am Apr 6, 2023 12:57am
Quoting birdland
{quote} below the blue line i will buy 3 shorts running at the moment;-) {image}
adding long below blue line
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Click to Enlarge Name: GBPUSDH1.png Size: 11 KB
trading is like dancing, don't think and just listen to the music!
  • #2,183
  • Apr 7, 2023 7:55am Apr 7, 2023 7:55am
Quoting birdland
{quote} adding long below blue line {image}
+126 from the short.

and adding another long below blue line

3 long, 2 short running...;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
trading is like dancing, don't think and just listen to the music!
  • #2,184
  • Apr 10, 2023 12:45am Apr 10, 2023 12:45am
Quoting birdland
{quote} +126 from the short. and adding another long below blue line 3 long, 2 short running...;-) {image}
the blue line i will go long, the red short.
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!
  • #2,185
  • Apr 10, 2023 7:21am Apr 10, 2023 7:21am
Quoting birdland
{quote} the blue line i will go long, the red short. {image}
+45 from the short this morning.

+581 pips so far...floating loss of -291

stable so far;-)
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!
  • #2,186
  • Apr 10, 2023 7:29am Apr 10, 2023 7:29am
Wasn't expecting much today but price on EU dropping nicely, one short closed, one to go. Have been planning/testing over the last week and MAY have an idea worth exploring to mitigate the problem of runaway trends. The concept is based on one incontrovertible (word of the day?) truth when it comes to price and trends and still avoids indicators of any sort. The core concepts of many small profits and hedging still form the basis but I wouldn't want to disrupt the thread so Rob/others may have a view on this?

I'll forward test over the new few days/weeks and see how things shape up with real money.
Sounds like a lot of screen time to me.
  • #2,187
  • Apr 10, 2023 11:03am Apr 10, 2023 11:03am
Quoting LazyTrades
Wasn't expecting much today but price on EU dropping nicely, one short closed, one to go. Have been planning/testing over the last week and MAY have an idea worth exploring to mitigate the problem of runaway trends. The concept is based on one incontrovertible (word of the day?) truth when it comes to price and trends and still avoids indicators of any sort. The core concepts of many small profits and hedging still form the basis but I wouldn't want to disrupt the thread so Rob/others may have a view on this? I'll forward test over the new few days/weeks...
can you explain what this is please?
  • #2,188
  • Apr 10, 2023 11:16am Apr 10, 2023 11:16am
Not yet, needs some real world testing.
Sounds like a lot of screen time to me.
  • #2,189
  • Apr 10, 2023 11:25am Apr 10, 2023 11:25am
So have one last EU short sitting at 8124 from last week or so, could close now and basket would be in profit and account at +5% but will use this last trade for some experimentation, or close if it gets to its original position. Hopefully the recent $ strength helped a few out.
Sounds like a lot of screen time to me.
  • #2,190
  • Apr 11, 2023 2:58am Apr 11, 2023 2:58am
Old EU short @ 8124 now hedged @ 8513
Sounds like a lot of screen time to me.
  • #2,191
  • Apr 11, 2023 4:48am Apr 11, 2023 4:48am
Quoting birdland
{quote} +45 from the short this morning. +581 pips so far...floating loss of -291 stable so far;-) {image}
+54 from the long.

i came in a bit late today, but still worth to short below the red line;-)

here an update (started with 10.000 two weeks ago):
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDM1.png Size: 20 KB
trading is like dancing, don't think and just listen to the music!
  • #2,192
  • Apr 11, 2023 7:10am Apr 11, 2023 7:10am
Long closed @9081, pending long @9288
Sounds like a lot of screen time to me.
  • #2,193
  • Apr 11, 2023 7:31am Apr 11, 2023 7:31am
Was able to trade a bit this morning
still on demo, but setting up my live account again pretty soon.

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  • #2,194
  • Apr 11, 2023 11:44am Apr 11, 2023 11:44am
Attached Image (click to enlarge)
Click to Enlarge Name: trades3.PNG Size: 5 KB

15min chart, hedged at point 2 (2 dots), released hedge at point 3 (pips banked), new hedge was above point 4 (not triggered), current hedge at X.
Sounds like a lot of screen time to me.
  • #2,195
  • Edited 2:44pm Apr 11, 2023 12:06pm | Edited 2:44pm
EU hedge down to 9110 9082 hedged
Sounds like a lot of screen time to me.
  • #2,196
  • Apr 12, 2023 12:42am Apr 12, 2023 12:42am
Quoting birdland
{quote} +54 from the long. i came in a bit late today, but still worth to short below the red line;-) here an update (started with 10.000 two weeks ago): {image} {image}
+47 from another long,

blue line i would add a long, no shortlevel so far to add.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
trading is like dancing, don't think and just listen to the music!
  • #2,197
  • Apr 12, 2023 1:54am Apr 12, 2023 1:54am
Long side of EU hedge closed @ 9232, new pending long @ 9382
Sounds like a lot of screen time to me.
  • #2,198
  • Apr 12, 2023 7:40am Apr 12, 2023 7:40am
Quoting birdland
{quote} +47 from another long, blue line i would add a long, no shortlevel so far to add. {image}
+51 pips from long...that was fast!

since start of experiment +727 pips so far and floating more than -275

and nearly zero screentime;-)
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!
  • #2,199
  • Apr 12, 2023 7:53am Apr 12, 2023 7:53am
Good work Bird, anything that reduces screen time is a bonus, shows you don't have to be immersed in data all day.
Newsy day so more movement either way possible, me thinks, hedged long again.
Sounds like a lot of screen time to me.
  • #2,200
  • Apr 12, 2023 12:35pm Apr 12, 2023 12:35pm
Quoting birdland
{quote} +51 pips from long...that was fast! since start of experiment +727 pips so far and floating more than -275 and nearly zero screentime;-) {image}
another old long +50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
trading is like dancing, don't think and just listen to the music!
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