Yes, that was a good set-up. The last trade that I posted was the same move on M15, so got me in early. Unfortunately, being too eager to move my stop, I was out too early as well

Trading Gold with PA

Moved SL to lock in some profit, but will probably close soon as it is nearing the time that I shut down for the night image

Trading Gold with PA

To be honest, this short position is just about at the level where it covers the loss from my previous trade. That losing trade should be out of my mind now, but I must admit that I am tempted to close the trade and be able to close my trading day ...

Trading Gold with PA

Price shot up, but still didn't get near the day high. Until that high is broken, I'm still tending towards siding with the bears, for today at least. Candle 4 was a bearish candle, but the long lower shadow suggest caution Candle 5 hardly ...

Trading Gold with PA

Well that one didn't work out, price shot up and took me out, was looking good for a while. Oh well, can't win them all.

Trading Gold with PA

M15 chart. Not the perfect trade set-up, but they often aren't on M15. However, enough boxes ticked for me to enter short. Guess I am also getting fidgety as haven't entered a trade for so long

Trading Gold with PA

Well, nobody has been able to show one example where opening an additional trade in the opposite direction instead of closing the trade adds even a miniscule amount of benefit. I knew that nobody would be able to offer a valid example because such a ...

Hedge a losing position?

Then you were not hedging your position because you were basing the positions on different strategies.

Hedge a losing position?

I asked for a valid example. Your example was not valid as there was absolutely no advantage derived from your "hedge" In fact if you had just followed your strategy and closed your long and entered short when you saw the signal, you would have done ...

Hedge a losing position?

No, I don't think that it would have been better that you watched your Long position return to break even. You said in your previous post that you entered a short when your strategy signalled it. If you have faith in your strategy, why hold onto a ...

Hedge a losing position?

You do not have 2 good positions in the market. You are neutral. 2 opposite positions cancel each other out. All the while that you hold these 2 positions open, there is no possibility of profit. So what's the point?

Hedge a losing position?

Whenever I have seen posts about hedging in FF it invariably is referring to either 1:the practice of opening an additional trade in the opposite direction and I have seen nothing in this thread that suggest this is not what is being discussed here. ...

Hedge a losing position?

Yes Decades, just shows that we should always wait and see what the market tells us. Looking at the S&P Emini. It will be interesting to see where this goes from here. Technically it should be screaming LONG! But I really don't like these sudden and ...

Price action stock trades

I understand quite a lot about hedging, it's about limiting risk/exposure. Please do not tell me that I do not understand I know that there can be merits with hedging a spot position with an option etc. I understand that if I have a position in Gold ...

Hedge a losing position?

Please accept the challenge and show a single hypothetical example where hedging improved return by more than simply closing a trade.

Hedge a losing position?

PipMeUp has already pointed out that there was absolutely no advantage in your hedging scenario. Also in your scenario, why did you decide to hedge at stage 2? I believe that there can only be 2 possible answers a. You refuse to accept the loss or ...

Hedge a losing position?

Swaps may be a cost of doing business, but if you are positioned neutrally in the market with no possibility of profit because one positions gain cancels out the other's loss. any cost of doing business HAS to be a loss and an unnecessary loss at ...

Hedge a losing position?

Okay, you hedging lovers. A challenge... Post any situation. Hypothetical or otherwise, where hedging by opening the exact trade in the opposite direction and then closing the hedge position gave any advantage over simply closing the trade and ...

Hedge a losing position?

My trading started with buying and selling shares. Back in those days, I didn't even know about shorting. I would buy shares at the bottom of a range and sell them at the top. Then wait for price to drop before buying again. I bought the shares with ...

Hedge a losing position?

These posts about hedging crop up quite often. The people that advocate trading this way don't seem to understand that they are increasing their costs with no possible gain. Let's say that we have a long position and it is losing 100 pips and we are ...

Hedge a losing position?