Hi,
I have been trading other strategies on forex, and rarely used hedging but one thing as we all must have noticed that you can increase your profits at a speedy pace if hedging, but the problem is the remaining trade/s which are rolling in negative balance
I am looking for a method and i request all of you to please leave your constructive ideas to make some strategy on hedging.
I guess if we know that overall trend of the day or week is bullish for sure, than we can buy that currency and on every retracment we can sell, because we are sure that the currency will go bullish in the end, so we can quickly sell and book profit on retracements while the overall trade will go bullish.
It's just an idea, what i want to know is it possible by this way we can create some hedging system, which will not wipe out our account.