Gold with No Drama

Quoting smd101

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{quote} I created an EA to do that, but it ultimately failed. If you want, I can share, so your manual work will be less. What you mention is more like an averaging method not a hedge.

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Quoting Obdyx

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{quote} Hedging is also a nice Strategy particularly for a trade like Gold whose second name has become 'bull' since 2024; but your pocket must be deep

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Quoting incognitio

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{quote} Hey, I hope you've had time to take a step back since posting this. Let's change the perspective for a moment. That's like saying you're going to force the market to give back your losses. While I'm not saying that you're wrong to be upset, the matter here is that the ever hungry beast that is the market sees that statement and thinks "oh, do come in my tasty little friend." This profession is brutal. It's maddening if you allow it to get under your skin and will take you for all that it can if you let it. Then there's the other side of...

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Quoting bdsilvano

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{quote} yes I unhedge only at NY. NY usually do most retracement, specially when london overlap NY, they ill do retracecing, of whatever asian done, so I start hedging on asia time, and when NY opening, I close all my positive, I know NY will comeback to all my drawdown.

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Quoting GoldGod

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{quote} 10/10

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Quoting bdsilvano

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{quote} no your wrong about that....even if we are an uptrend, price always retrace somewhere. those retracement has come to drawdowns,

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Quoting Obdyx

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{quote} The whole essence of hedging is that price will ultimately come back to your entry. Now, with what Gold has become since 2024, Gold can go against your long by 200 pips and you don't panic because the price will bounce back. Gold got to 4550 last December. Some people are holding long positions at that level and are not losing any sleep about because with Gold, price will come around. However, this is not saying that one cannot develop one's own system of Hedging

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Quoting Kuley714

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Buy limit at 4445, its dumping slowly.

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Quoting Obdyx

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{quote} The whole essence of hedging is that price will ultimately come back to your entry. Now, with what Gold has become since 2024, Gold can go against your long by 200 pips and you don't panic because the price will bounce back. Gold got to 4550 last December. Some people are holding long positions at that level and are not losing any sleep about because with Gold, price will come around. However, this is not saying that one cannot develop one's own system of Hedging

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Quoting bdsilvano

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{quote} thanks gold god.

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Quoting riko3

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{quote} NOT always but when it does it could take a long time and by that time you could be Liquidated Trade like Pros and not like N00bs set SL'sses and Take profits when you see them!

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Quoting atozzz

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man todays price action is fucking bullshit.

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Quoting riko3

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{quote} NOT always but when it does it could take a long time and by that time you could be Liquidated Trade like Pros and not like N00bs set SL'sses and Take profits when you see them!

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Quoting bdsilvano

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{quote} for hedging tobecome usefull, dont hedge on long time frame, only Daily. Daily In daily Out. thats all I dont care about the longterm persfective of gold, what I care about is the range of gold. on the Daily basis, from asia session to NY session thats all, I come In and out here, i dont like puting my order on next day. everyday trhere is always a retracement, either its up or down trend, everyday the price reset

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