Wolf Trading Strategy XAUUSD Only

Quoting bdsilvano

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For your Question. 1. Should we hedge based on the H1 candle close, or should we hedge immediately when the price breaks through support/resistance without waiting for the candle close? this depends, most of the time I use 15m and 30m for Intraday, but sometimes those level is breach and so I need to look to more Higher Timeframe. if it happen like this. when you unhedge and it does breack the level, no need to think just rehedge it back. 2. I usually take profit when I reach 10u and end the Asian session with 4-6 orders. How can I limit myself...

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Quoting bdsilvano

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seems 4550 indeed. we allow the price to reach that level. then If it weaken on that level, I will squezze my position once again. check 4620, probably a good place to reverse as well. {image}

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Quoting phamha20

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{quote} One image shows the active orders and the other shows the orders that have taken profit. It seems that closing orders when the profit reaches 10u is the reason I have to enter so many orders. Please correct me if I'm wrong. {image} {image} {image}

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Quoting sny

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{quote} Can you guide me when to unhedge this ? {image}

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Quoting bdsilvano

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{quote} wtf.... 10 lots... bro even for me i never use 10 lot. not even 1 lot do you still have margin space???? if so get your sells. if 4620 retrace up. dont add more BUYS ok. allow the price to retrace up. I hope this is DEMO possible reverse level. 4620 and 4550. always bear in mind. if the price breach down 4620 then rehedge again fully

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Quoting sny

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{quote} no its not demo its usc, cent acccount .. 300 usd remaining.

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Quoting bdsilvano

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{quote} what are you doing???? why like this... why you order 10 lots then???? please reread my pdf about money management and lot sizing.

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Quoting sny

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{quote} blunder i did, can you share that pdf link here pls

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Quoting sny

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{quote} blunder i did, can you share that pdf link here pls

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Quoting bdsilvano

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{quote} brother,,, why you have so many???? ok tell me try to average all your BUY and average all your sell so I can use those data to plot on price. so right now your open is 10 buys 5 sells right. your trying to squeeze here and anticipating the BUY. your doing right here. if the BUY tyou think will push through,,, BE the old BUYS.

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Quoting phamha20

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{quote} The reason I have more buy orders is because my sell orders have been closed. And it's true that if the price reverses upwards, I'll break even. But if the order continues to go downwards, I'll be in the red during this Asian session. Perhaps I should widen the take-profit gap to reduce the number of orders I'm placing.

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Quoting bdsilvano

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{quote} tell me if you close everything, did you lost or win??? if you reset?

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Quoting phamha20

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{quote} The reason I have more buy orders is because my sell orders have been closed. And it's true that if the price reverses upwards, I'll break even. But if the order continues to go downwards, I'll be in the red during this Asian session. Perhaps I should widen the take-profit gap to reduce the number of orders I'm placing.

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Quoting sny

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{quote} loss big time if close everything. Now if i remove my sell here and price goes at 4700 then it would be BE for me because this week i have done so many blunders.

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Quoting bdsilvano

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{quote} yes your doing it right. Your trying to do the squezzing here.. now we hope the price retrace up.... yes I have same plan, if this breach 4620. i will rehedge again and look again at 4550

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Quoting phamha20

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{quote} Yes, and if the price doesn't recover, then we'll hedge and wait. Then we'll continue to stalk and attack the price during the New York trading session if there are signs that the price will reverse, right?

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Quoting bdsilvano

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{quote} bro in trading... its only 10% skills 90% mindset... this is the reason why so many traders specially newbie lost. they dont have proper mindset. and you should have start this strategy on demo. skills needs to be develope. thats why I ask all of you to demo.

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Quoting sny

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{quote} agree. Learnt the hard way

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Quoting bdsilvano

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{quote} bro how much is the original capital if you cut from here. how much loss and how much is the left ones. actually I really want you to cutt from here and reset

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