Prepare the hedge setup, try to catch the pull back or the dip
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Looking to get out of the situation, with the idea the price is overall moving up still. Looking to get out breakeven on the original sell, and add a buy, or liquidate the buy and enter a sell. Situation 2 will increase risk to two positions, but won't have to move very far to end.
Positions and entries represented by the blue and red arrows, with targets at the green lines
Positions and entries represented by the blue and red arrows, with targets at the green lines
Ghi chú
The idea is to try and flip the position to the correct side of the market without taking a hit, if it reaches the second sell, the initial hedge will liquidate at the same time, and the profit of that trade will cover the drawdown of the double hedge, in mathematics, the drawdown is no more than the original position began, because we still have the original negative and the profit to cover the second negative. If this doesn't work out, I will definitely wait for a major level 60-100 pips away, but ideally I'd just like to let the hedge buy rip and close the sell and no loss or slight gain, so really looking at the 1.07 level to get dipped intoGhi chú
There are a few other possibilities this could play through as, worst case the price will just be strangled by equal positions until a major level.Giao dịch đang hoạt động
Original sell triggered at breakeven, original buy left in play. Removing top orders, lower bottom hedge to 1.06555 target of buy at 1.079Ghi chú
Second entry for a bit made at 1.06700Ghi chú
Both Sell stops set at 1.0645 for volatility, taking profit on the buy at the 1.067 at the 1.07 handle then I'll trail the hedge stop up slightly to where the 1.067 buy wasGhi chú
little lower to 1.0636Still well within range of buffers for another setup, though the next one will have to make some space from this spot if it gets hit
Ghi chú
Lower buy from 1.067 taken for 45 pips gain, second hedge deleted, first hedge moved to 1.0678, looking to go up from here or hedge lightlyGhi chú
Hedge sell stop made at *1.06878, keep things tight, because it's a little uncertain where we're going from here, still looking upGiao dịch được đóng thủ công
Position completely flattened and orders removed, total gain of 64.7 pips. Feel like we'll range the rest of the day in this area, will spot a new entry point after market open later
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