Sunday, December 6, 2020

A Hidden Danger of Hedging - Update 3



When the candle after the Doji closed, the 2nd closed candle of the evening, I started trailing a Stop just above the high of the candle before the current candle. 

This is a manual process, so again I am a prisoner of my trade, staring at the screen. But at least I'm out of the hedge, and have a clear exit from the original trade. And I have 14 minutes to take a break before the close of each candle.

Notice how the Doji Rule has been working so far. It won't last forever, but Stochastics have a long way to fall, so maybe we'll recover a good portion of the remaining loss before exiting.


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