I have entered into a hedged trade and am unable to get out three days now. I bought 10,000 EUR/GBP, and when i realised it was going against me (i had -200) , i decided to buy the same pair. My platform allows that, as different entities. Now am unable to get out because when i get in the middle, one pair positive and one negative, it starts reversing. can someone advice me what to do, to get out without a big loss.
Next time you should use a stoploss to prevent this from happening again. If Iām questioning where to put the SL I take a minute to figure out at what spot would the market go that my previous assumptions were wrong. For example think that your in the future looking back, and right as you exited with a loss, where would you say for sure you were definatly wrong? 200 pips is possible! I tend not to trade with any SL over 50, or Iāll minimize my lot ā depends on how inticing the action is.
As far as your problem currently this is what I recomend. Iām assuming you have a trading system of some sort, wait untill you can trade the currency (yes thats right WAIT!) the reason being this: Your not loosing/gaining anything currently, intrest should be evened out, and so should pips. Wait untill you have a buy or sell signal and then close out the other one. So if you would normally sell, keep your short order and get rid of your long.
I should also point out you could just close both at the same time. Youāve allready technically done that, and just take the loss, again youve technically done that by buying and selling at the same time, with the same pair. But given your post I assume you know that, and wish to make it not so bad āon the booksā so to speak.
You could alternativly do what my roomate does (although hes a bad example hes got a shortcut to the demo reset!) but he guesses :eek:
Set your take profit and stop limit so that you sell when both are at 0 loss/gain? It should be the point halfway between when you bought and sold.
Alternatively just take a hit and sell itā¦ and take it as a lesson to never trade a currency both ways. If you think a trend is reversing and your first call was wrong, just sell it and buy the new trend. You made a mistakeā¦ by trying to get your way out of it using more risk, you will probably just make things worse.
If you arenāt comfortable with losing -200 pips then set a tighter stop-loss.
I would assume that if it at one point it is -200 pips, and you then have 2 trades your basically locked in at -200 pips, if one moves, the other side would move as well.
so at best he can be -100 and - 100
Exactly. As Iāve said quite a few times in this forum, doing these āhedgesā just locks you in to where youāre at. So long as you have them on you can neither gain nor lose on any price movement, no matter how large.
I have entered into a hedged trade and am unable to get out three days now. I bought 10,000 EUR/GBP, and when i realised it was going against me (i had -200) , i decided to buy the same pair. My platform allows that, as different entities. Now am unable to get out because when i get in the middle, one pair positive and one negative, it starts reversing. can someone advice me what to do, to get out without a big loss.
Cancel both, take the loss & the experience.
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I agree. The best thing you can do is just get out at the loss and only look forward.
If you let trades run this far against you and think you can combat it with a hedge, then you are not ready to trade live money. Figure out some stops where you will exit if wrong and stick to them.
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IF THE BEST TRADERāS GROUP IN THIS WORLD CARRY LEVEL 10 ON SKILLā¦
HEDGING SYSTEM ON LEVEL 9ā¦ I HOPE U GOT WHAT I MEANā¦
firstly u have to track the market from monthly weekly daily n 4H TFā¦
i have exp b4 on demo acctā¦
hedging GJ on buy 206.00 n sell 204.00
the first thing i doā¦ just track mthly n weekly TFā¦ on that time both TF shown me uptrend patternā¦ n of coz on daily n 4H TF we still have the lowerst pointā¦
coz uptrend will comingā¦ i just find out the best point nearest to my sell position n close itā¦
n i close my sell at 204.50ā¦ put it sell limit at 203.50 n 202.50 (make sure it below daily support or resistance for sell n both sell limit position same as current buy hedging)
if u have enough capital (becareful on MC) just buy back at the same or below the sell point 204.50ā¦ on that time i buy back half from my current position at 204.35ā¦
make sure if u buy backā¦ ur total sell limit must same lot coz if u still on wrong position it still save hedgingā¦ do the same thing if ur analysis on mnthly n weekly still validā¦
im lucky that time coz GJ just touch 203.3+ n pull back on bull sideā¦ after all become normalā¦ find the best break even to close all positionā¦
im still have HEADGING last weekā¦ sell 207.22 n buy 206.96 on GJ in live acctā¦
it not easy job to do it but then if im not do itā¦ until when i can improve myself ? it all depand on ur side to make itā¦ coz once u wrongā¦ u gonna lost everythingā¦
p/s im still new like u or maybe u more senior than me coz this my third months on this industryā¦ if this idea not help just ignore itā¦
just to say thx to all my memberz coz always give me tips on this industryā¦
Not that Iām a pillar of writting or anything but could you possibly take the time to try to type the full word? It makes it much easier to read and understand your post when I dont have to try to translate it.
I was/am intrested in your post its just too difficult for me to read and understand. Iām horrable at spelling and I know that so i try not to use words that I know I can spell or spell phonetically --prehaps like that word! ācozā is simply annoying. because isnt that hard, heck ild even be happier with 'cause not cause, but 'cause its with an accent, its how I have seen it in a book and it didnt confuse me.
Thank you, I dont mean to be mean, its just im intrested in hedging and Iām intrested in what you have to say, and Iām sure im not the only one, Iām just one whos willing to ask if you could work on itā¦ To be fair Iām working on my spelling and grammer, slow going but its going.
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Ditto. This isnāt IM or text messenging. Youāve got all the space you need. No abbreviations required. Write real sentences. I have absolutely no idea what you were talking about.
simā¦ actually what i understand u cant get my short word like coz, TF etc rightā¦
i just use familiar short word which is u can find anywhere in forex forumā¦
the more u searchā¦ the more u getā¦
nice pips for uā¦
Hi
this forum has not only native English speakers but also many international members who use English as their 2nd language.
Putting words to clear sentences will help our members to understand you more easily.
Cheers
Andreas
You can do what Iām doing with Gold ATMā¦you have 2 swing trades long and short, while the currency or commoditie swings to the up or to the downside, take as many small profits as you can, if the overall trend is up, then you can trade with small buys on the pull-backs, if you are careful, you will be able to do this indefinitely but you will need to know when you think the asset has hit a resistance which is when you need to exit one of the long term trades, effectively breaking the hedge.
The market is dynamic, assets go up and they come down, so long as it returns nearer to the point of entry you will be ok as the smaller trades you took in the interim should make up for any losses you make once you have broken the hedge.
Hope that makes sense
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Heās probably died of boredom by now ! 
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Just stick to trading US market indices like US500. It doesnāt require trading skill as it only goes up.