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Hedging/averaging trades without prediction

  • #3,981
  • Feb 27, 2025 8:03am Feb 27, 2025 8:03am
Quoting Pat Chiko
{quote} You're savage !!!! WHY did you invite Zebi into the competition. Or purpose or just want to have fun ?.{image}
...and the winner is...#1
Always trade your own plan...I don't provide trading signals.
  • #3,982
  • Feb 27, 2025 9:23am Feb 27, 2025 9:23am
Quoting Pat Chiko
DJIA wait for N3 for LONG Scalping{image}
DJIA

scalp only
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,983
  • Feb 27, 2025 9:27am Feb 27, 2025 9:27am
Quoting Coreg2004
{quote} ...and the winner is...#1
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,984
  • Feb 28, 2025 7:20am Feb 28, 2025 7:20am
Quoting Pat Chiko
{quote} UK 100 scalping position target{image}
UK 100

Original target met.
Now going for bonus target
With +ve stop in place.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,985
  • Feb 28, 2025 7:46am Feb 28, 2025 7:46am
Quoting Pat Chiko
{quote} DJIA scalp only{image}
DJIA

Scalping position updating

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,986
  • Feb 28, 2025 7:50am Feb 28, 2025 7:50am
Friday...

Time to hit the club, let loose, and vibe to the music!
All that hard-earned cash? Well... the girls at the bar seem to have a special way of making it disappear.

Cheers to the weekend!

Some music to warm up the mood
Inserted Video
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,987
  • Feb 28, 2025 10:57am Feb 28, 2025 10:57am
Quoting Pat Chiko
{quote} UK 100 Original target met. Now going for bonus target With +ve stop in place. {image}
UK 100

Here come the bonus.
It goes to the girls at the bar for weekend party.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,988
  • Feb 28, 2025 11:39pm Feb 28, 2025 11:39pm
Quoting Waveskierrob
{quote} Did it again, closed all trades before weekend, this time was a little easier, building myself some emotional muscle.... {image} ...and still winning the war...just over 2% for the week {image} Downdraw did get a little bigger than I hoped but that was me being greedy ...
closed underwater trades again before market end...
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good profit this week, a big help from the FTSE DIVI, two months of profit now with very little downdraw, not getting too excited yet as we all know the market can humble us at the drop of a hat...
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  • #3,989
  • Mar 1, 2025 11:42pm Mar 1, 2025 11:42pm
Quoting Waveskierrob
{quote} closed underwater trades again before market end...{image} good profit this week, a big help from the FTSE DIVI, two months of profit now with very little downdraw, not getting too excited yet as we all know the market can humble us at the drop of a hat... {image}
Where is the total drawdown
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #3,990
  • Mar 2, 2025 12:13am Mar 2, 2025 12:13am
Quoting skyf
{quote} Where is the total drawdown
DD varies you'll have to try for yourself on demo to get whats acceptable for you, generally I buy and sell every 5 mins, close if over a pip in profit, hedge every 5 mins and average out every minus 10 pips see my previous posts ....happy to answer any questions but most of them will be answered in the thread ...
  • #3,991
  • Mar 2, 2025 12:17am Mar 2, 2025 12:17am
Quoting Waveskierrob
{quote} DD varies you'll have to try for yourself on demo to get whats acceptable for you, generally I buy and sell every 5 mins, close if over a pip in profit, hedge every 5 mins and average out every minus 10 pips see my previous posts ....happy to answer any questions but most of them will be answered in the thread ...
Thanks
I meant DD for the FTSE DIV trades compared to its profit ?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #3,992
  • Mar 2, 2025 12:34am Mar 2, 2025 12:34am
Quoting skyf
{quote} Thanks I meant DD for the FTSE DIV trades compared to its profit ?
Sorry, good question, the FTSE DIVI trade is unique as its never gone too far away from the initial drop, this week was probably the worst week I had for DD, the fact that I 've never held on for it for any long period of time makes me trade it differently than I usually do, as a result that its never failed for me I don't hedge only average it out, but I should be aware that one day maybe it will keep going down something to think about , cheers, but back to the question think I was minus £300 at one stage the closed at +£150, I do have a big bank and trade very small lots, so minus £300 was nearly 2% of my bank...
  • #3,993
  • Mar 2, 2025 1:16am Mar 2, 2025 1:16am
Quoting Waveskierrob
{quote} Sorry, good question, the FTSE DIVI trade is unique as its never gone too far away from the initial drop, this week was probably the worst week I had for DD, the fact that I 've never held on for it for any long period of time makes me trade it differently than I usually do, as a result that its never failed for me I don't hedge only average it out, but I should be aware that one day maybe it will keep going down something to think about , cheers, but back to the question think I was minus £300 at one stage the closed at +£150,...
The 2% drawdown was it because the trade was taken before the announcement and suffered the entire move down though you pocketed the dividend ? Or you opened after the drop and still had 2% DD?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #3,994
  • Mar 2, 2025 1:32am Mar 2, 2025 1:32am
Quoting skyf
{quote} The 2% drawdown was it because the trade was taken before the announcement and suffered the entire move down though you pocketed the dividend ? Or you opened after the drop and still had 2% DD?
opened just before announcement, then just after the initial drop then placed another 2 trades as the price went down, my BE now was at a lower price because of averaging out, could have closed at BE but because of the 100% success rate held on until the gap was closed, when the gap did closed it's hard to close for profit because greed rears its ugly head, something to watch out for ...
  • #3,995
  • Mar 2, 2025 5:46am Mar 2, 2025 5:46am
Quoting Waveskierrob
{quote} DD varies you'll have to try for yourself on demo to get whats acceptable for you, generally I buy and sell every 5 mins, close if over a pip in profit, hedge every 5 mins and average out every minus 10 pips see my previous posts ....happy to answer any questions but most of them will be answered in the thread ...
Hi Waveskierrob. Hedge + averaging management is quite clear, but one thing i still don't quite understand: how do you decide when the price is moving too hard in one direction and it's time to stop averaging? how do you jump out? or does this progression continue until you can close in profit between gains and losses?
Cheers
  • #3,996
  • Mar 2, 2025 6:02am Mar 2, 2025 6:02am
Quoting Fiox89
{quote} Hi Waveskierrob. Hedge + averaging management is quite clear, but one thing i still don't quite understand: how do you decide when the price is moving too hard in one direction and it's time to stop averaging? how do you jump out? or does this progression continue until you can close in profit between gains and losses? Cheers
I don't know, I'm hedging at the same time so that lessens the DD, keep away or have even trades BUY/SELL at times of LON/NY opening and red news also helps, keep an eye on your equity and forget about P/L on each individual trade, treat it as one big trade, you can set your own price gaps when to average out I choose 10 pip but that's just me, play around on demo see which pair and gap size between averaging that suits you...
  • #3,997
  • Mar 2, 2025 7:58am Mar 2, 2025 7:58am
Quoting Waveskierrob
{quote} I don't know, I'm hedging at the same time so that lessens the DD, keep away or have even trades BUY/SELL at times of LON/NY opening and red news also helps, keep an eye on your equity and forget about P/L on each individual trade, treat it as one big trade, you can set your own price gaps when to average out I choose 10 pip but that's just me, play around on demo see which pair and gap size between averaging that suits you...
How do you manage opened trades when you are sleeping and big moves happen?
  • #3,998
  • Mar 2, 2025 8:22am Mar 2, 2025 8:22am
Quoting Merka
{quote} How do you manage opened trades when you are sleeping and big moves happen?
even the hedge out eg 3 SELL 3 BUY or close all, as you seen from some of my recent posts I am now closing all my trades before the weekend, looks like a loss but remember Ive been closing profitable trades all week which are greater than my loss, come Monday start over again from scratch...3 steps forward 1 step back.....
  • #3,999
  • Mar 3, 2025 7:43am Mar 3, 2025 7:43am
Quoting Pat Chiko
{quote} DJIA Scalping position updating {image} {image}
DJIA

Some tiny scalping update.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,000
  • Mar 3, 2025 7:46am Mar 3, 2025 7:46am
Quoting Pat Chiko
{quote} UK 100 Here come the bonus. It goes to the girls at the bar for weekend party.{image}
UK 100

Took some out for party last Friday on scalping
And the balance position continue.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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