Dislikedhi Tin, the word "hedging" is in the title.........maybe TM trades like this: in the ranging phase, buy near the bottom and instead of a small SL have a hedge in place to sell.............. sell near the top and buy if the range is broken at the top. he might even have a larger position on for the hedge to cover the loss for the initial position and to make a profit as well. but we`ll just have to wait for the man himself to explain how he trades.....Ignored
As we discuss more you all will get the whole idea behind it slowly.