Good Day everyone!
New month... I wish everyone best of luck!
I will be making live calls here with integrated hedging applied to my trading.
Rules are simple:
- I traded testing this simple technique to apply it during/before the news coming out, but it turned out to be ok with any entry.
- trading same signals as usual, but with less filtering. I.e. trading more than I was before - avg 2 positions a day. But since it will be opposite trades vs US dollar, I call it one trade
- entering 2 opposite positions vs US dollar. Entering simultaniously or after entering first position trying to lock several pips before entering the second. For ex: long EURUSD, wait for it to move 5-10 or a bit more pips in favor and then sell GBPUSD
- using same value stop losses on both positions
- after one position is stopped, meaning the second is in profit, taking profit on part of the profitable position and keeping the rest for bigger target, closing it according to market situation or applying trailing stop.
- leverage: from 1:4 to 1:5 (i.e. on 50k acc, executing 200-300k)
- 40-70 pips stop losses
- pairs traded:
EURUSD vs. GBPUSD
EURUSD vs. USDCHF
rarely: USDJPY vs EURJPY (vs GBPJPY)
optional:
- closing half or whole loosing position before the stop loss
Example of trade from Yesterday (see the image):
Time:
Aug.31 07:34 am EST
Bought GBPUSD and sold EURUSD
10:20 EST GBP was stopped.
12:02 EST closing half of the EUR position and leaving the rest for 1.2110 target.
Sep.01 03:04 closing the remaining EUR position.
please note: all trades are still in test mode and not applied on managed accounts yet.
Wish you all to have a very profitable day, week and month!
Good Luck!
Rezo
New month... I wish everyone best of luck!
I will be making live calls here with integrated hedging applied to my trading.
Rules are simple:
- I traded testing this simple technique to apply it during/before the news coming out, but it turned out to be ok with any entry.
- trading same signals as usual, but with less filtering. I.e. trading more than I was before - avg 2 positions a day. But since it will be opposite trades vs US dollar, I call it one trade
- entering 2 opposite positions vs US dollar. Entering simultaniously or after entering first position trying to lock several pips before entering the second. For ex: long EURUSD, wait for it to move 5-10 or a bit more pips in favor and then sell GBPUSD
- using same value stop losses on both positions
- after one position is stopped, meaning the second is in profit, taking profit on part of the profitable position and keeping the rest for bigger target, closing it according to market situation or applying trailing stop.
- leverage: from 1:4 to 1:5 (i.e. on 50k acc, executing 200-300k)
- 40-70 pips stop losses
- pairs traded:
EURUSD vs. GBPUSD
EURUSD vs. USDCHF
rarely: USDJPY vs EURJPY (vs GBPJPY)
optional:
- closing half or whole loosing position before the stop loss
Example of trade from Yesterday (see the image):
Time:
Aug.31 07:34 am EST
Bought GBPUSD and sold EURUSD
10:20 EST GBP was stopped.
12:02 EST closing half of the EUR position and leaving the rest for 1.2110 target.
Sep.01 03:04 closing the remaining EUR position.
please note: all trades are still in test mode and not applied on managed accounts yet.
Wish you all to have a very profitable day, week and month!
Good Luck!
Rezo
