What I'm doing here: I average down and begin to hedge on the third level. After that I try to maintain 30% position hedged. Also you can see that I can use same level several times to hedge.

Hedging/averaging trades without prediction

It's ok. Don't panic.

Hedging/averaging trades without prediction

As with any skill, it gets better with practice. I get new insights and learn new tricks every time.

Hedging/averaging trades without prediction

So do you see individual trades, or just whole position with average price?

Hedging/averaging trades without prediction

Hey Rob, what do you use to trade without charts? Or do you just blank out your MT4 charts?

Hedging/averaging trades without prediction

Sometimes it is easy to make money, but it is always hard to keep it.

10% per day

100% with you. We are on the same page because this knowledge is practical, without doing the work hundreds of times this would not be knowledge.

Hedging/averaging trades without prediction

I like the way you wait for both sides to go into profit. I just collapse everything when I'm done.

Hedging/averaging trades without prediction

2% again. Thanks Rob. I'll be true to my motto.

Hedging/averaging trades without prediction

Every trader is a pair.

Hedging/averaging trades without prediction

Get the skills. video

Hedging/averaging trades without prediction

That's right, because hedging is work, SL is cop out.

Hedging/averaging trades without prediction

Yes, random entries, averaging down. Don't listen to anyone. This is the way.

Hedging/averaging trades without prediction

Yes, I followed SilentFather's work, last one with keltner channels was great. But these lines remain a mystery to me. Hopefully some light someday.

Re-igniting Dancingphil's ZigZag strategy

Find ATR(100) on D1. Divide by 20. That's your target. if AUDUSD ATR(100) is 97, then your target is 5 pips (50 points) Find spread+commission. For AUDUSD it's 7 points. I prefer non-random entries. Currently using currency strength on m5. Position ...

Grid Hedging

Today was the easiest 2.2% gain on my account, because I avoided work at all cost. It is easier to cream the market than to milk it.

Hedging/averaging trades without prediction

If you can guess the swing point and estimate how far it retraces, then it's all down to statistics, no need to be precise or correct every time. Let's put your ideas in EA and let machine do the work and sweating.

Re-igniting Dancingphil's ZigZag strategy

I'm sorry, SF, but I have a nagging suspicion that you're trying to catch tops and bottoms here. DancingPhil's zigzag was in fact a continuation strategy. He was placing limit orders at the new zigzag line trying to catch retracements. From what I ...

Re-igniting Dancingphil's ZigZag strategy

That's probably the whole point: not to spend too much time making money.

10% per day

I'm not a machine. My attention span is about 5min. I can't even plan next 15 minutes. All I can do is repeat same thing over and over, when I can. What will be the net result I don't know. Good luck on your journey.

10% per day