Wolf Trading Strategy XAUUSD Only

Quoting Magiruss

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Salut! This morning I managed to get an advance of about 34% without stress. I have hedged two positions with a small difference minus ($45). Now the price before London is at strong support. I don't understand if I need to hedge here too or do nothing and wait for NewYork? {image}

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Quoting Toli84

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{quote} Hey, i'm currently trying also to trade EURUSD. This is all Demo, so no real money. But this is currently my situation i wanted to share. You have to be very patient. Since 21 days I'm waiting for the price come back to my entries. The swap costs would be big already to keep that so long time open. I'm keeping it open because i'm just curious how long it will take till the price came back up. I could adding a sell order to create a hedge, but that would mean another cost of swap. Maybe i did somewhere a mistake, i'm still experimenting with...

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Quoting GSPolar

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{quote} I am no expert like bdsilvano, but they way I found to make it work when price goes against you hard like it did for you, I would fully hedge it and my goal would be to get out breakeven. I would forget about those trades, leave them open and focus on the new range, like the one you have at the bottom. You can see the price was ranging from 19th-3rd June. In that range you could have taken many trades and make enough profit to close the losing positions above.

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Quoting Nikita81

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Hello guys, I am observing this thread for a few weeks trying to understand this strategy. I have seen the .pdf and all videos however I am located in the UK so Asia session starts for me around 11pm/midnight time. Impossible to trade for me at that time, as I have to be good for work in the morning. I am not a ''night time'' person anyway. Is it possible to play this strategy starting early morning hours before London open? Thank you kindly for an advice. PS> I was trying this on demo and so far always managed to make my daily 2%

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Quoting bdsilvano

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{quote} yes you can, some here use hedgging in london and new york retracement is asia, mine im using asia retracement new york, wolf works in all session keep doing the demo, its a good practice skills. wont hurt you but build trust and confidence on the system and onto yourselves.

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Quoting Magiruss

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Hi bdsilvano! Thanks for sharing this method. Reading your PDF I see that you mention Heiken Ashi. Maybe you have used it before. Can you explain more about Heiken Ashi, maybe it can be useful for us as beginners. And a question about leverage. Which one would you recommend? Thanks

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Quoting Nikita81

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{quote} Thank you very much for reassurance. I will keep learning on demo for some time however I am not new to trading in general. Do you think 1000$ account would be enough to play this strategy with 0.01 lot?

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Quoting bdsilvano

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{quote} actually, if you hedge, at least 3k usd, so that you have some space to wiggle the price, if you have only 1k your position will open only at 0.01, and after that you cannot buy and sell anymore, for me, the minimum at least 3k for 1 0.01 BUY and 1 0.01 Sell from there you can roll your money

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Quoting Nikita81

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{quote} I hoped a 1000$ would be enough... I will need 2 years to save 3K but never mind. Do you mainly use 15M time frame or is it not important?

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Quoting Nikita81

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{quote} I hoped a 1000$ would be enough... I will need 2 years to save 3K but never mind. Do you mainly use 15M time frame or is it not important?

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Quoting bdsilvano

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{quote} yes its possible, have you seen mysticj, she is making a lot and start only 1k, now i think shes nearly double her money already, this depends on the tolerance of trader, for me I am just saying it by safe side. according to lot calculation. my goal in trading is to have consistency.

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Quoting Nikita81

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{quote} YES I recognise the user but wasn't aware what was her starting point. Thank you, I might give it a go with a 1K but for now I will stick to demo as not everything is super clear to me. Today I managed to make 4.3% of the account and close everything just before NY open. It was still twice as much as my daily target.

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Quoting bdsilvano

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Please See Hedging Diagram, I hope in this Visual it will help you understand why we hedge, and why we hold. {image}

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Quoting Nikita81

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{quote} This graphic is very helpful, I saved it on my laptop for later. I have one question however. Let say the price is going up while I am hedging, I harvest green and open new buy/sell positions. Let’s say we are close to resistance where I am expecting reversal. I am closing last buy in solid green when haiken ashi is showing beginning of the reversal and I enter Sell. Now my question is: if I have 3 sells (0.01) that have been left unhedged (after harvesting green from buys) do I enter Sell with 0.03 at the reversal to quickly mitigate drawdown...

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