Alan Solarsh shows how to manage a short hedge in forex: place a sell stop at the next fractal using double the hedge lot size, so a breakout south generates real profit. If price moves north, wait for a clearer breakout before placing a bar stop.
So on Friday your hedge activated for the short and this is what we're gonna do now. Okay? So your short is blue and now this is what I would do. I would place another cell stop at the next fractal which would be over between there and between there, whichever you feel is better for you. So the lot size that I would use is I would use a lot size that is double the lot size that I'm using for the short hedge. So that way you'll start making some decent profit when the price breaks out going south. If the price goes north I would place, I would wait for the price to actually break out more into this region over here before doing anything. So there is a fractal over there. You can place a trade a north a bar stop over there or you can place a bar stop over there and then we're just going to wait and see what happens. So stay tuned for the next video.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
