Hi guys, This is a question for the ones who trade without specific entry criteria. What is your exit strategy? Is it support/resistance, fixed TP or Price action? I am testing different approaches and wish to hear your opinion/experience.

Hedging/averaging trades without prediction

Hi, I am not following blindly this guy or his system. He gave me a good idea about the trimming, something I was not completely aware of before, or at least I was unsure how to apply this method. I would say I have good results +25% from January ...

Hedging/averaging trades without prediction

Yes, you can. You can use hedging + trimming. For example, you have 0.1 lot short, but the price continues, you open another 0.1 short and the price continues in the opposite direction. Based on your system you decide your previous trades are wrong ...

Hedging/averaging trades without prediction

I think my Trade Explorer is open you can see all my trades here. The consistency you mentioned is to close more profit than cutting losses. This way the curve will look always like this, no matter what system or strategy you are using.

Hedging/averaging trades without prediction

I think this YouTube channel can help you a lot video For me, the trimming was the game-changer.

Hedging/averaging trades without prediction

After one month underwater and made all the mistakes possible, I think I can take a breath now + 25% overall. I continue to make mistakes but this time they don't cost me so much

Hedging/averaging trades without prediction

Yesterday's low + the monthly pivot support seems to be broken. For me the road to 1.06 is open. Of course not directly but in a few small steps

EURUSD only

Yes, it happens and one has to deal with this too. Part of the game

Hedging/averaging trades without prediction

?

EURUSD only

The only logical explanation comes to my mind is the big players push the price higher so they can shoot from a better position

New Cable Thread & Other Pairs

Thank you for your reply. Technically everything you mentioned is possible. The thing is what we can expect fundamentally. Because we are all trading technicals, but when it comes to the big direction the moves are caused by the news and the events. ...

EURUSD only

What do you expect from the FOMC tomorrow? We see higher inflation, a hot labour market, and below expectations of GDP. The market already trades less than 3 cuts this year. Most of the expectations are for 1 or even no cuts. From what I see the ...

EURUSD only

It was a bearish candle camouflaged in green. It was more comfortable for the big guys to short from above.

EURUSD only

Hi guys do you have a specific strategy during the news?

Hedging/averaging trades without prediction

It is a pretty quick move to be sustainable. The New York Bears still sleeping, but let's see Yesterday's high under attack

EURUSD only

It looks like well working machine harvests the market. Little by little I believe I saw the rules you use somewhere in the previous pages. I need to check again.

Hedging/averaging trades without prediction

Absolutely, I agree with everything you said. I like hedging and tried a lot of different approaches, but I think in my case the trimming was the missing point. By the way, I have a few EAs created and I think your system can be automated. I don't ...

Hedging/averaging trades without prediction

Thank you very much for this know-how just shared. Sounds like you have real structure. My approach is almost similar. I started to trim 0.01 when I was sure I had doubled in profit for each order. The problem was that I got to a very huge position ...

Hedging/averaging trades without prediction

I'm not sure I got this

Hedging/averaging trades without prediction

Hi guys, a question regarding trimming the losing position. How do you manage the action? You have a profitable trade and trim the loss immediately or if they are in opposite directions you wait for corrections so you can get a "discount" It was ...

Hedging/averaging trades without prediction