Profitable "Step-by-Step" Hedging Strategy (Used by a 15 Year Forex Pro)
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- Опубликовано: 15 май 2024
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00:00 Introduction
01:17 Identifying Trend on the Day Chart
02:01 Looking for Entry on the H1/H4 Chart
04:04 Hedging
06:18 Break and Retest
09:24 The power of Hedging
10:15 Trade Management
12:48 Final Thoughts
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Развлечения
if you have a hedging mindset , you must have a "PLAN B" if things go wrong . because you dont want to close overall in LOSS after long days . So before you open your first initial trade you must know whats your level and whats your plan , because PLAN B should also be a Profitable Setup .
This is one of the best video ever . Thank you And love to see more videos on Hedging ❤
👍Btw, thanks, your trade-management strategy itself is clearly presented here. 👍(Please come back on the channel and explain what to do if either a) the price crashes through multiple hedges, or b) price nicks into a hedge but then bounces about. )
Yep..... Nick has given the Sauce he was the first I saw Hedge❗️
SL’s in hedging is important. Otherwise losses will just keep running up. But SL’s can cause you to close a trade prematurely. Hard balance sometimes.
hedge only once, is enough
most excellent hedging style, thank you very much
Most people will never understand bt his right i trade hedge only it works u just hv to hold trades for to long bt it works
Thank you so much!
👍Very much like Nick Shaun -- another great trader. Nick calls this risk managment 'dynamic hedging'.👍
*Nick Shawn. But yeah you're right
@forexbascketmilionaire3477 You're wrong dude
he stopped hedging .. after several blowouts when price didn't bounce soon enough
@@ifoundthistodayInteresting. I mean, with every additional hedge, he does make some amount of loss (because he has to wait and see if a hedge is needed while the price continues to go against him). So it makes sense that he can only cope with a handful of non-bounces in a row.
Thank you sir for the thorough explanation and demonstration of your hedging strategy. My question is: Do you use the same position size for all your entries?
yes you have to use same position size .
👍Dynamic hedging -- thanks, yes, a smart management- strategy.👍Btw, what if price continues to move against you, in a trend reversal, at what point - and at what loss -- would you close????
I was hoping the interviewer would ask that question.
This is the main issue in this strategy. I have been there. Hedging is full time job. Don't hedge just simple sl and move on. Keep rr to 1:3.
I understand what this guy is doing, but what I would have done differently is kept that initial sell/buy " locked" like he did then jus waited for another setup that would have wiped out the locked position. He wiped out the buy side completely leaving a floating sell order with no backend protection. It could have turned around on him and then he would have been fuked lol
At least. This is a well organised, interesting, andgood video. ❤
It in hour ? How to exit the trade ? Tp?
How come you did not buy on the second sell zone?
Thank you so much
Nice, yeah it is really that simple.
This is good......the only issue is that you have to be constantly in front of the screen, for me its not a problem if its during the day, but after a certain time it is difficult to follow.
Just use alerts. If you miss one no big deal, just wait for another level or set up, and continue from there. You don't need to live on the charts and using the hourly or h4 really does help if you're limited with time 👌
im using hedging if i got unpredictable moment.
and opposite direction must have multiplier than other one :D
Very close to Shawn - MissionFX's strategy
very true
Thanks guys
as easy as as that? my God i just learnt to trade, determine direction, smaller timeframes, find support and resistance zone to enter and wait for retrace ...patience is key whether buy or sell.
Enjoyed your video, it was insightful and entertaining.
This is perfect hedging .
Aaaah, the old Nick Shawn way 😁
the guy sure is a pro. but so many things can go wrong. this explains what hedging is, but its a little too short. I have a lot of questions in my head tho. good intro thanks
Ask him on the livestreams, or post questions here and I’ll forward on
Appreciated
Agreed BUT for 1h Chart you need high leverage
If you're funded, watch the drawdown with this strategy
How he trade he protects his drawdown with an opposite trade
@@itumelengratau6128 you have to be very careful how things are calculated depending on the platform you are using, because it can differ by company.
Never hedge with a funded account because you’ll always lose
@@jabumzizi1492how do you know are you pro?
@@jabumzizi1492 not true you just have to dial down your position sizing... with a stop loss you'd be in a worse position.
I find hedging a really interesting concept but I’m yet to see someone who explains how to exit when it goes wrong
Agreed. This was my comment, above. My solution is no more than 3 hedges, and then close them all -- accepting the loss which is still there between the initial trade and the first hedge.
@@jonathanlee5185 I guess it would be no different to having 3 consecutive losses would it ?
Was gonna ask the same question, tbh. This is hard if it still goes against u the 2nd and 3rd time but they might have some rules around it obviously
One thing i have tried is that i follow support and resistance and keep adding in small sizes to my winning position. This eventually helps to reduce the initial loss side and I cut positions on next support resistance. Mostly in profit or sometimes in breakeven. I have tried this multiple times and it worked well.
Was thinking the same ,
What do you do if the market reverse immediately after you open the hedging position ?
SL is crucial here. You just need to find the right position to avoid getting stopped out prematurely
Did he say "haachhhh" or "aahhhchhh" one LOL First time hearing it said this way.
where is the SL for first and second SELL position?
there is none 😳
Wait, am i right to say he did not placed any stop loss on the firs sell?
No he didn’t
That's the point in hedging. If it's triggered you manage your way out of the secured loss.
does blue guardian supports hedging?
Yes
Where is the difference to close the trade and reentry with double size ? It’s exactly the same result, but you can’t give it the name hedging. If you are hedged, you are neutral. Same when you close the position 🧐
VAlid point. And closing + doubling other direction = martingale. As far as I currently see it, hedging reduces the occurrence of losses, but if they come, they are bigger. On the bottom line the diffences could be minor, unless hedging (position size increase) gets out of hand. Then a loss will be so big, that a blown account is likely.
the difference is u dont close losing trades or u’ll have way less pretty much, but its risky if it goes the other way cause losses get bigger, if lets say on the second trade it went to “sl” which is another buy stop then you’re down 1% in one trade which is gonna be hedged but you’re down 2-3 or more in the other, ofc the profits are bigger too
Yeah it should be on appetite of your balance
This is exactly right- this type of "hedging" is nonsense.
How can he have one buy and one sell trade all active??
THATS all the idea of hedging , opening an opposite position to offset first trade risk
The drawdown with this strategy is alarming.. For beginners it will blow an account waiting for that Sell point
Not if you enter buy and sell same price at same time
The age old question with this strategy is, when do you cut the loss on the trade that’s in drawdown while it’s crashing in one direction?
yup.......was thinking the same thing.
One thing i have tried is that i follow support and resistance and keep adding in small sizes to my winning position. This eventually helps to reduce the loss side and I cut positions on next support resistance. Mostly in profit or least in breakeven. I have tried this multiple times and it worked well. But again there is always room for improvement.
@@pz2x5v
@@pz2x5v thanks bro
All u have to do is add more positions with a higher lot size to over power the loss it’s simple lollll
thats nick shawn for you..
Impossible with futures
Agreed
Why?
I dont think its gonna work 😅
"Let me just go back here guys", nah, your analysis is biased at this point since you saw the next candles. I don't understand how anyone could take this seriously. You don't just "go back" on a trade. Next.
He literally called out his trading plan before the play, are you being serious?
@@classicsignofgivinguponaus3685😂
Does blue guardian allows for hedging ? @tradingnut
Yep