Hi matey. I came up with my way of doing it myself with some common sense and a calculator and by simply doing it. What first put me on the path was a youtube video from a fella called joseph nemeth. he hedged his way to 5 million inside 3 years. ...

Soul's Thread

My exposure isnt actually big. i run to begin with at 10:1 and most of the time the first trades pay off - often i add to them - I hedge for several reasons, maybe it's going the wrong way and i want to go to bed, maybe i just want some breathing ...

Soul's Thread

Told you didnt I Now, the key is only to use this when you are wrong - so you still try to be right >50% of the time. dont take it for gramted or you end up always fighting a hedge. but it does mean you never have to lose again It's also very ...

Soul's Thread

The markets are there to humble you sometimes. I learned a lesson today that i'd like to share with you. It's hard to think after all these years I still screw up like this. In December i did 70%+ on the trading account balance. hardly lost a trade ...

Soul's Thread

it was a poor trade buddy, i get them sometimes. i broke one of my rules right at the start and paid the price, that's all closed out now and i took the hit but you get the general idea.

Soul's Thread

So, was hedged for sleep last night but when i have one open i often wake every hour or so and i have my phone on a chart sat at the side of the bed. 6m i woke for a pee, stayed awake till 7 cos the hedge was in profit and at a potential turning ...

Soul's Thread

to be fair i dont have to average down any more - the price has to enter a trend - when it does i will wait for the retrace and then close one of them - the other one only has to move 30 pips or so to leave the sequence even slightly in profit. i ...

Soul's Thread

i've just hedged again, so now im long 6.4 and short 6.4 - the gap is now smaller between them of 40 pips - i'm actually happy to leave until asia now and see which direction takes over. I dont really fancy going to 12 lots tonight, maybe tomorrow. ...

Soul's Thread

yes, original trade is now doubled again at 6.4 lots and 35 pips away from price. I have a sneaky feeling that it may go down for the second leg of a W before going up but could still go lower, hence i'll just do the same again if it does. ps, i ...

Soul's Thread

not really, with ctrader you only ever have one trade each way - when you add to a trade it just moves the line. all the reporting etc is for a single trade. you can do them seperate if you want to, but i find it so much clearer just to add and have ...

Soul's Thread

I wouldnt normally do this - but heres a look at a real trade open now video url

Soul's Thread

lets say my first trade was long - then went bad on me so i hedged. if price keeps going down then gives me a new long signal two things can happen - either the hedge is in profit because it fell enough - in that case you would close the hedge and ...

Soul's Thread

no, what i'm saying is that you find your own way of doing it.

Soul's Thread

That's interesting data.

Soul's Thread

I will be moving over, just got to time it well as i'll be down trading for up to 48 hrs i'm told. those who have already transferred, how long did it take you?

Is anyone going to IC Markets Seychelles on March 2021?

Yep, and this is the bit you have to get used to - you can hedge, hedge again etc as many times as you like. here's the thing though - you have to have something to hold onto as a basic truth - and that truth is the daily trend because 95% of the ...

Soul's Thread

These are great results either way so well done. Regards 'low risk' this is the mantra of brokers and guru's that want you to trade forever and a day to keep them in commissions. in reality the amount you risk should always be in direct correlation ...

Risk, return, drawdown

Hi Buddy, and you are thinking along the correct lines. Some people reading this will struggle with the idea of hedging and i completely understand. I myself used to shout at people hedging saying "don't be stupid - if you are hedged you are flat" ...

Soul's Thread

Have you tried it?

Soul's Thread

EXCRCISE: on your account go to gbpusd and place a long trade and a short trade at the same time. your objective is to make at least 10 pips from each position. you may add to positions if you wish as many times as you like, but if you do then you ...

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