Hedging/averaging trades without prediction

Quoting Polimini

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i've seen several of his videos on YT, he is a bit crazy. But you got to admire someone that posts all his trades like that.

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Quoting Erebus

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{quote} Well, sure, but this sounds and looks just like a noob here on FF, keep on selling as price move up against you, with increasingly bigger positions, until there is enough of a retracement to get out at breakeven, sometimes even a winner. He just shared this, price is barely 22 pips from yesterday's high, and 15 pips from the biggest short entry; now to me, could have been so much better to join the uptrend, and enter short now with some price action confirmation. I MEAN, WHO CAN'T GET 15 PIPS? If you like to trade contrarian ideas, check...

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Quoting Erebus

Disliked

{quote} Well, sure, but this sounds and looks just like a noob here on FF, keep on selling as price move up against you, with increasingly bigger positions, until there is enough of a retracement to get out at breakeven, sometimes even a winner. He just shared this, price is barely 22 pips from yesterday's high, and 15 pips from the biggest short entry; now to me, could have been so much better to join the uptrend, and enter short now with some price action confirmation. I MEAN, WHO CAN'T GET 15 PIPS? If you like to trade contrarian ideas, check...

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Quoting Polimini

Disliked

{quote} his all thing is keep it simple buy at support, sell at resistance, win more then you lose. That's it. He brags about it. You don't learn much about trading with him. But he makes some good points about the psychology side of things.

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Quoting LazyTrades

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I came across one of his videos some time ago, seemed to be selling some advice club but that's not to say it isn't useful, probably falls into one of the following: 1. Makes shitloads from Youtube, advice club and trading. 2. Only one of the above. I seem to remember he only traded a couple of pairs and relied heavily on SR; nothing wrong with that per se but personally I prefer to spread my risk a little wider.

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Quoting Fagin

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{quote} I think anyone selling anything relating to trading including self promotion on you tube is full of shit.

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Quoting Erebus

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{quote} Those posts are about his FREE Telegram postings, he claims to share everything on there, no need to pay for anything. Whether he is good or bad, I can use it as a guide, trade with it, or against it depending on what price action I see.

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Quoting Fagin

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{quote} Its good to be open minded

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Quoting LazyTrades

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I don't trade cable as there's no positive swap, if I had a long bias on it I'd hedge it with something correlated and wait for the correlation to work in my favour. Here's my 'chart'. My fundamental and technical analysis suggest that NFP will make those 4 pairs move around a bit {image}

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Quoting Fagin

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It could go either way but NFP has probably been priced in since last week. Honestly, I stopped with technical fallacies a while ago and haven't felt the need to scratch that wound. Wasted a good few years on that crap. I just use ADR and a calculator now. My over inflated ego hates it but my sanity is much better

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Quoting birdland

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{quote} i feel the same way. i only use technical analysis roughly, but the advantage actually comes from somewhere else. ADR, where the market is, and money management. as you say, it sounds unexciting, but it's better for the wallet. by the way a lot i learned from claudia, billy and lem, our old friends from the other world;-)

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Quoting GCKing

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using clean chart to trade will be a better choice in long term, if u really need to rely on some useful indicators, i believe that MA shouldnt be one of them ...BB, fractals, MACD and demarker should be ok in long term

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Quoting GCKing

Disliked

using clean chart to trade will be a better choice in long term, if u really need to rely on some useful indicators, i believe that MA shouldnt be one of them ...BB, fractals, MACD and demarker should be ok in long term

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Quoting GCKing

Disliked

using clean chart to trade will be a better choice in long term, if u really need to rely on some useful indicators, i believe that MA shouldnt be one of them ...BB, fractals, MACD and demarker should be ok in long term

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Quoting LazyTrades

Disliked

Ok as promised, here are the parameters for each of the 4 EAs which have been running 24/7 since 1/12/2023 on demo using IG (UK). All these do is open a trade of the same size (0.01p) if a candle of a certain size forms (closes).

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