Hedging/averaging trades without prediction | Page 145 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mathematical hedging strategy without a stop loss 22 replies

'Averaging Down Is for Losers' - valid or not? 27 replies

Fast Averaging versus Slow Averaging 1 reply

Averaging 7 replies

Martigale and Averaging Down 4 replies

Attachments: Hedging/averaging trades without prediction
Exit Attachments

Hedging/averaging trades without prediction

  • #2,881
  • Apr 21, 2024 6:40pm Apr 21, 2024 6:40pm
Quoting Kodzhamanov
I am stuck in the middle of two trades. The range is 67 pips on EUR/USD. I was in a very good position, but on Friday just to prevent spikes and quick moves I placed a pending buy order above the highs and of course, the price just touched the level to open the order. Now we will fight this situation this week. Same with the short position before that. Another lesson learned last week {image}
I would trade the middle. No need to wait for price to escape the range. The more it stays there, the more money you'll make.
1.02^200
  • #2,882
  • Edited 1:48am Apr 22, 2024 1:33am | Edited 1:48am
Quoting d5400
{quote} I would trade the middle. No need to wait for price to escape the range. The more it stays there, the more money you'll make.
True story. I already did that and maybe this is one of the reasons I made so a huge gap. The thing is I also over-leveraged and now I have less margin to operate with. Few lessons were learned around these trades. I have now a better understanding of do's and dont's at least for me. Maybe I will start trimming again to reduce the positions,
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #2,883
  • Apr 22, 2024 2:18am Apr 22, 2024 2:18am
Quoting T721
Goodmorning Traders, lets make this a profitable week .... GU thoughts. I am looking for the lows to be taken either today or tomorrow then will be looking for a 100pip drive north, maybe even more than 100pips



So this really depends on how gu behaves today... if it pushes up today then i will be looking for a drop tomorrow to buy the hell outta it...
if it drops today will be looking to buy ... Buy area anywhere around or below 12350/320
  • #2,884
  • Apr 22, 2024 5:59am Apr 22, 2024 5:59am
Quoting T721
Quoting T721 Goodmorning Traders, lets make this a profitable week .... GU thoughts. I am looking for the lows to be taken either today or tomorrow then will be looking for a 100pip drive north, maybe even more than 100pips So this really depends on how gu behaves today... if it pushes up today then i will be looking for a drop tomorrow to buy the hell outta it... if it drops today will be looking to buy ... Buy area anywhere around or below...
Hmmm also still weakening against EURO as well so might go a bit further to 1.22. Not trading it at the mo as i'm in EU and EG. Good luck
  • #2,885
  • Apr 22, 2024 8:07am Apr 22, 2024 8:07am
Quoting Kodzhamanov
{quote} True story. I already did that and maybe this is one of the reasons I made so a huge gap. The thing is I also over-leveraged and now I have less margin to operate with. Few lessons were learned around these trades. I have now a better understanding of do's and dont's at least for me. Maybe I will start trimming again to reduce the positions,
Yes, need sufficient margin to dig yourself out of the hole.
1.02^200
  • #2,886
  • Apr 22, 2024 9:04am Apr 22, 2024 9:04am
Quoting Kodzhamanov
{quote} True story. I already did that and maybe this is one of the reasons I made so a huge gap. The thing is I also over-leveraged and now I have less margin to operate with. Few lessons were learned around these trades. I have now a better understanding of do's and dont's at least for me. Maybe I will start trimming again to reduce the positions,
Best thing to do in case of hedge is trim profits with some part of losses and reduce positions. Two advantages of doing that.
1) Reduce position size free up space for additional positions
2) Reduce swaps if holding multiple days.
  • #2,887
  • Apr 22, 2024 9:57am Apr 22, 2024 9:57am
Quoting sampat
{quote} Best thing to do in case of hedge is trim profits with some part of losses and reduce positions. Two advantages of doing that. 1) Reduce position size free up space for additional positions 2) Reduce swaps if holding multiple days.
Thanks for the advice! This is what I plan to do. I just need to wait, because the gap is one day range
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #2,888
  • Apr 22, 2024 10:11am Apr 22, 2024 10:11am
Quoting Kodzhamanov
{quote} Thanks for the advice! This is what I plan to do. I just need to wait, because the gap is one day range
I've found patience has gotten me out of all sorts of fixes.
Sounds like a lot of screen time to me.
  • #2,889
  • Apr 22, 2024 2:02pm Apr 22, 2024 2:02pm
Quoting sampat
{quote} Best thing to do in case of hedge is trim profits with some part of losses and reduce positions. Two advantages of doing that. 1) Reduce position size free up space for additional positions 2) Reduce swaps if holding multiple days.
A third advantage and often overlooked is it gives you agency in managing your trades. Better to have some pro-action when in drawdown
  • #2,890
  • Apr 22, 2024 2:19pm Apr 22, 2024 2:19pm
Quoting LazyTrades
{quote} I've found patience has gotten me out of all sorts of fixes.
I tend to be be more patient on loosing trades than winning
  • #2,891
  • Edited Apr 23, 2024 2:25am Apr 22, 2024 2:30pm | Edited Apr 23, 2024 2:25am
Quoting sampat
{quote} I tend to be be more patient on loosing trades than winning
I’ve always struggled with that but most simulations I run show it’s better to take a small hit occasionally than toil back to BE. Always working a loss also makes me think I can trade out of a position every time but my advice is to cut early sometimes, if only to train yourself to use the option.
Sounds like a lot of screen time to me.
  • #2,892
  • Apr 23, 2024 10:54am Apr 23, 2024 10:54am
Quoting T721
Quoting T721 Goodmorning Traders, lets make this a profitable week .... GU thoughts. I am looking for the lows to be taken either today or tomorrow then will be looking for a 100pip drive north, maybe even more than 100pips So this really depends on how gu behaves today... if it pushes up today then i will be looking for a drop tomorrow to buy the hell outta it... if it drops today will be looking to buy ... Buy area anywhere around or below...
Hope you all caught this trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2024-04-22 at 14.55.41 16.46.38.png Size: 19 KB
Click to Enlarge Name: Screen Shot 2024-04-23 at 15.24.10.png Size: 29 KB
  • #2,893
  • Apr 23, 2024 10:55am Apr 23, 2024 10:55am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2024-04-23 at 16.06.27.png Size: 67 KB
  • #2,894
  • Apr 23, 2024 11:08am Apr 23, 2024 11:08am
Quoting T721
{quote} Hope you all caught this trade {image} {image}
Totally missed it. Shoulda paid more attention.
1.02^200
  • #2,895
  • Apr 23, 2024 11:13am Apr 23, 2024 11:13am
Quoting d5400
{quote} Totally missed it. Shoulda paid more attention.
Dont worry bout it, there will always be another train coming along soon pal just check my thread every now n again
  • #2,896
  • Apr 23, 2024 1:31pm Apr 23, 2024 1:31pm
Quoting T721
{quote} Hope you all caught this trade {image} {image}
Yaayy well done
  • #2,897
  • Apr 23, 2024 5:28pm Apr 23, 2024 5:28pm
Quoting T721
{image}
Hey there T - I played a couple of these Div Adjustments last week and all came good. I'll be playing a few more this week.

T'was a very generous of you to share and point these out - thank you
T
always learning
  • #2,898
  • Apr 23, 2024 5:53pm Apr 23, 2024 5:53pm
T would love another session. Perhaps on Sunday. Please let me know.
  • #2,899
  • Apr 24, 2024 12:29am Apr 24, 2024 12:29am
Off on an impromptu holiday, no phone no internet..., so no div for me, but good luck everyone not that you need it...
  • #2,900
  • Apr 24, 2024 12:48pm Apr 24, 2024 12:48pm
ftse div ---- freefuckingmoney for any whoo took it, Congrats
3 traders viewing now