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Hedging/averaging trades without prediction

  • #3,921
  • Feb 12, 2025 11:31am Feb 12, 2025 11:31am
Quoting zola
Another good one.
Aggghhh why do i keep missing free money...
  • #3,922
  • Feb 12, 2025 11:35am Feb 12, 2025 11:35am
Almost feels like cheating sometimes, even if it bites occasionally you could always average/hedge into the long.
Sounds like a lot of screen time to me.
  • #3,923
  • Feb 15, 2025 2:28am Feb 15, 2025 2:28am
I've decided to now closed all trades before the weekend as I feel it was giving me a bias Monday morning...

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Still hedging and averaging out, using 0.01 of my bank as stake, compounding as equity rises and adding funds when I have spare cash..here's my profit this year to date this year...
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Ps FTSE DIVI will be in there also (when I remember) as I treat all trades as one big trade...
  • #3,924
  • Feb 15, 2025 10:44am Feb 15, 2025 10:44am
Quoting Waveskierrob
I've decided to now closed all trades before the weekend as I feel it was giving me a bias Monday morning... {image} Still hedging and averaging out, using 0.01 of my bank as stake, compounding as equity rises and adding funds when I have spare cash..here's my profit this year to date this year... {image} Ps FTSE DIVI will be in there also (when I remember) as I treat all trades as one big trade...
aiming for an average 2% per week, but more importantly very little downdraw, the bigger the percentage the bigger the downdraw, my 1st rule always protect your bank...
  • #3,925
  • Feb 15, 2025 10:56am Feb 15, 2025 10:56am
Quoting Waveskierrob
{quote} aiming for an average 2% per week, but more importantly very little downdraw, the bigger the percentage the bigger the downdraw, my 1st rule always protect your bank...
You will achieve that only if you are right in first place.
Otherwise you need to average down in the hope of a positive outcome and that usually leads to interim DD.
Unfortunately there is no free lunch in this business
  • #3,926
  • Feb 15, 2025 11:41am Feb 15, 2025 11:41am
Quoting Merka
{quote} You will achieve that only if you are right in first place. Otherwise you need to average down in the hope of a positive outcome and that usually leads to interim DD. Unfortunately there is no free lunch in this business
You need to read the thread or even the first page to understand what I'm trying to achieve, I've never said it is easy or a free lunch, as for DD that's why I average out and hedge , it's not without risk but after 20 years its the closest i been to steady profits with the smallest DD, Hope this clears things up, thanks for your post keeps me on my toes justifying what I'm doing...
  • #3,927
  • Feb 15, 2025 3:28pm Feb 15, 2025 3:28pm
For those struggling to understand, this might help, shows a graphic of how hedging/averaging works for me, small risk and protect your bank. I like to favour a pair which pays a good swap rate and hedge against that so I make money whilst waiting for the drunk to walk into my bar.
Attached Image (click to enlarge)
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Sounds like a lot of screen time to me.
  • #3,928
  • Feb 15, 2025 3:52pm Feb 15, 2025 3:52pm
I think Vinnie sums it up quite nicely:
Inserted Video
Sounds like a lot of screen time to me.
  • #3,929
  • Feb 17, 2025 10:42am Feb 17, 2025 10:42am
....it's a big one.....
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  • #3,930
  • Feb 19, 2025 10:22am Feb 19, 2025 10:22am
Don't forget your free money
  • #3,931
  • Feb 19, 2025 10:42am Feb 19, 2025 10:42am
Quoting Waveskierrob
{quote} You need to read the thread or even the first page to understand what I'm trying to achieve, I've never said it is easy or a free lunch, as for DD that's why I average out and hedge , it's not without risk but after 20 years its the closest i been to steady profits with the smallest DD, Hope this clears things up, thanks for your post keeps me on my toes justifying what I'm doing...
Waveskie, you beat me to say it, something that I have known since I got my thread.
Always trade your own plan...I don't provide trading signals.
  • #3,932
  • Feb 19, 2025 12:35pm Feb 19, 2025 12:35pm
Quoting Coreg2004
{quote} Waveskie, you beat me to say it, something that I have known since I got my thread.
Was looking like a quick one but no, patience is now the order of the day or may be two...
  • #3,933
  • Feb 19, 2025 1:21pm Feb 19, 2025 1:21pm
Quoting Waveskierrob
{quote} Was looking like a quick one but no, patience is now the order of the day or may be two...
hopefully fill the gap before bedtime...
  • #3,934
  • Feb 19, 2025 1:33pm Feb 19, 2025 1:33pm
Quoting Waveskierrob
{quote} hopefully fill the gap before bedtime...
+50 pips at the moment but greedy for the gap to close ...
  • #3,935
  • Feb 19, 2025 1:38pm Feb 19, 2025 1:38pm
Quoting Waveskierrob
{quote} +50 pips at the moment but greedy for the gap to close ...
Think Ill close at 8700
  • #3,936
  • Feb 19, 2025 1:42pm Feb 19, 2025 1:42pm
Quoting Waveskierrob
{quote} Think Ill close at 8700
No talking shit will closed when gap filled ...must have trust...
  • #3,937
  • Feb 19, 2025 2:51pm Feb 19, 2025 2:51pm
Quoting Waveskierrob
{quote} No talking shit will closed when gap filled ...must have trust...
too tired closed all FTSE trades for mega pips ...
  • #3,938
  • Feb 20, 2025 1:42am Feb 20, 2025 1:42am
The FSTE gap has been filled this morning...
  • #3,939
  • Feb 20, 2025 4:28am Feb 20, 2025 4:28am
UK100

LONG Scalp set up
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,940
  • Feb 20, 2025 7:02am Feb 20, 2025 7:02am
Quoting Pat Chiko
UK100 LONG Scalp set up {image}
UK100

Try some luck with small scalping LONG

Attached Image (click to enlarge)
Click to Enlarge Name: uk100 3.jpg Size: 118 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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