my bias changed after 4700 waiting retracement(pullback) and then bullish side
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Dislikedmy bias changed after 4700 waiting retracement(pullback) and then bullish sideIgnored
Disliked{quote} That bit is not such a problem. If you try to unhedge at a reversal point and it turns out not to be, you just rehedge again, so if you had 3 sells all losing, reversal doesn't work then put 3 buys again so you are full hedge and wait for another reversal attempt. When it comes, cash in the winning side and go one side on the reverse again. I believe its called "swinging the hedge"For full disclosure, I do trade in a similar way to this but not exactly the way that is done here, so for me a reversal is fairly simple because it is...
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Disliked{quote} Yeah i know, but a balance of 100$ and using lot 0,01 on XAU is just too much. Soo like i can only hedge soo many times, thats where the biggest problem lays for now. If I want to close buys and add another sell i can barely open 3 buys if the sell goes wrong. But anyways this capital was more to try out this hedging.Ignored
Disliked{quote} Yeah i know, but a balance of 100$ and using lot 0,01 on XAU is just too much. Soo like i can only hedge soo many times, thats where the biggest problem lays for now. If I want to close buys and add another sell i can barely open 3 buys if the sell goes wrong. But anyways this capital was more to try out this hedging.Ignored
Disliked{quote} Alternatively, you may try on Cents account just to get the gist of it (hedging/re-hedge if that is your cup of tea). It is still Gold pair but now your have extra 2 more digits to play with. Have a quick search online and find out which broker offer Cent acc', there are plenty out there. Cheers!Ignored
DislikedHey guys some help pls. Currently i have two sell positions open, the red lines and 2 buy positions with the blue line. How could I play this out? Wait for the price to go between both sell positions close them at BE and add a new buy. Or does someone have another idea. {image}Ignored
DislikedHey guys some help pls. Currently i have two sell positions open, the red lines and 2 buy positions with the blue line. How could I play this out? Wait for the price to go between both sell positions close them at BE and add a new buy. Or does someone have another idea. {image}Ignored
Disliked{quote} let price reach the next resistance and then unhedge and put sell on top.... no matter how small the retracement close everything.. you will make only small profitIgnored
DislikedHey guys some help pls. Currently i have two sell positions open, the red lines and 2 buy positions with the blue line. How could I play this out? Wait for the price to go between both sell positions close them at BE and add a new buy. Or does someone have another idea. {image}Ignored
DislikedPrice is going around 4800. Wolves please help one another and please guide also the new ones. I allow you now to think for yourselves, and absorb all necessary skills. Always remember, always place hedge on the middle of support and resistance, if the price went to resistance, make sure you cut the BUYS, if the price went to support make sure you cut your sells. if the price push through on those lines, Just keep rehedge again, it means thats not the proper level. keep doing this. Now is the Hunting Season wolves. Be Strong. Believe and I know...Ignored