I Was WRONG! Hedging Out of a Losing Forex Trade (Live)
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- Опубликовано: 15 май 2024
- What happens if I'm wrong about a Forex hedging trade? In this video, I show how I got out of a trade where I was wrong about the initial direction of the trade. This campaign required 5 total trades to get to flat. See the candle-by-candle trade review in this video.
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Watch my beginner's guide to hedging here: ruclips.net/video/anRGAPHpzro/видео.html
Watch all of my hedging videos here: ruclips.net/p/PLOn0-_K-aYvRtCAS-wm9VuUw4ozdIS8kF
I would say you waited too long to hedge Hugh. That first retest would’ve made it easier but making the video longer may be the reason… lol! Merry Christmas…
Do you also look at higher time frames (Daily/weekly) in this case to conform to the downside bias? If not, what about fundamentals (dovish Fed/falling oil)?
I use the higher timeframes to potentially define support/resistance levels, not momentum. I don't use fundamentals except for interest rates.
@@TradingHeroes I agree on the just using it for interest rates! Price action is KING!!
Yes!
So my impression is that your strategy is mostly discretionary with some focus on support and resistance levels. How often do you run into situations where price action doesn't come back to break even levels like in this video? What do you in those situations?
About 30% of the time it won't come back. If it doesn't, I have 8 ways to exit, depending on what I think the market will do. I Roll Off losses against gains.
@@TradingHeroes do you use a portion of the profits from the position in profit to reduce the size of the losing opposite position? I watched the video before where you talk about your roll off strategy but is there a video where you mention all 8 of your methods?
Yes, I use a portion of the profits. The 8 exits are only in the full course.
@@zam2050good course!
Risks to watch out for when using hedging techniques in forex trading?
I cover that in a couple of my other videos: ruclips.net/p/PLOn0-_K-aYvRtCAS-wm9VuUw4ozdIS8kF
Got questions? Leave a comment below...
Tienes canal en telegram me lo podrías dar
Tienes canal en telegram
No, please report anyone pretending to be me: www.tradingheroes.com/imposters/