Hi iejf, There are many ways to trade this way that can mitigate excessive DD, but in doing so you'll impact your gains (these two parameters are reciprocally related). One way is to increase the pip differential between open trades, e.g. open a buy ...

Hedging/averaging trades without prediction

Wave... here ya go... The two other posts were of you accusing Rob of not posting his trades in real time... but as I have stated previously, that is further from the truth. Rob has been completely transparent about his trades, posting his entries ...

Cable Update (GBPUSD)

Excuse me? You want me to list the multiple posts in this thread in which you have asked Rob for charts? And I don't have a "master" Wave, unlike the Guru status that you seem to crave. I do my research. Best, Dave

Cable Update (GBPUSD)

I'm not sure what your agenda is Wave, but I have literally read through every post Rob has made on this thread as well as others. You have consistently asked Rob to "show your charts, entries and exits" and he has continually posted his trades ...

Cable Update (GBPUSD)

Hey dennis, You don't need to change your leverage... simply drop your trade size. I'd rather use 0.2% of my equity for the margin requirement to enter a EURUSD trade (@ 1:500 leverage) versus the 2% that I have to pay (@ 1:50 max leverage) due to ...

Hedging/averaging trades without prediction

HI d5400, As yonnie correctly pointed out, the six pairs are either all buy or all sell, not a mixture of both. So basically, the USD is hedged out, though not completely, since the same lot size will be used for all pairs. Considering the cost of ...

Hedging/averaging trades without prediction

yeah, you're absolutely right, and that's why I deleted the previous post. I was typing without thinking ( video ), lol. Thank you yonnie for catching the error.

Hedging/averaging trades without prediction

Initially I was hedging and taking profit with GBPUSD buy trades, but I decided that I wanted to see if I could solely average out of the EURUSD sell basket during a runaway trend. This seems to be the biggest fear of using non-directional based ...

Hedging/averaging trades without prediction

evening update as of 8:30pm, EST. Have numerous pending Sell trades below current price...will continue to stack pending trades ("clock icons") at prices that currently hold open sell trades ("arrow icons"). Current DD ~31%. If DD hits 50%, then ...

Hedging/averaging trades without prediction

update as of 7:55pm, EST. Well, I did say the good, the bad, AND the ugly... drawdown is ~24%...I have several pending sell orders below the current price in case the EURO decides to retrace... we'll see... image

Hedging/averaging trades without prediction

Indeed! Favorite FF quote: "Then one day I came to understand my folly - price doesn't know nor does it care anything about my mathematical ability or my gift of creativity. It will move where it wants to move..." — Warburg (FF member)

Hedging/averaging trades without prediction

evening update... as of 8:30pm, EST... did pick up +50 TP from GBPUSD buy... image

Hedging/averaging trades without prediction

Friday evening update as of 4:30pm EST. Several GBPUSD buys hit their TP (+50,+50)...the stronger USD helped alleviate the EURUSD sell basket drawdown... image

Hedging/averaging trades without prediction

evening update as of 8:15pm, EST. GBPUSD buy TP hit for +50 pips... current $drawdown ~16% image

Hedging/averaging trades without prediction

update as of 12:15pm, EST... looking ugly but it is what it is... 1 GBPUSD buy hit TP for +50 pips. Current $drawdown ~13%. I'm up ~40% since I started 3 weeks ago (see below: starting equity = $222; current balance = $310; current equity: $272.78) ...

Hedging/averaging trades without prediction

7:30 pm EST update... not much change from mid-morning..... EURUSD sell basket BE @ 1.0420. Also, for full transparency, I'll start attaching the trade P/L... image

Hedging/averaging trades without prediction

update as of 11:45 am, EST... EURUSD sell basket BE @ 1.0420 image

Hedging/averaging trades without prediction

Update as of 5:35 am EST... opened GBPUSD buy trade...current status of EURUSD sell basket... image

Hedging/averaging trades without prediction

No significant update with the EURUSD sell basket as of 12:45pm, EST... no new open/closed trades. BE still @ 1.0394.. image might fund a subaccount and open trades opposite to my primary account shown in the screenshots, i.e. if I'm selling ...

Hedging/averaging trades without prediction

EURUSD Sell basket update#2... as of 3:30pm EST. Closed 4 profitable sell trades (+20, +43, +70, +96)....Btw, the red boxes with the "arrows" are open sell trades, and boxes with the "clock" are pending sell trades.. each trade is offset by 25 pips. ...

Hedging/averaging trades without prediction