Does the instrument that you are using for hedging have to be entirely uncorrelated to the underlying instrument that you are hedging against?
Thus such hedging would require the trader to be apt at performing intra / inter market analysis to find uncorrelated instruments to trade and...
:confused:
I was struggling to get my head around what is written about Jack Hershey's method on this thread until I came across the following article:
http://www.tradersnarrative.com/jack-hersheys-incomprehensible-method-971.html
Well if that isn't a testimony for trading with the Market Profile, I don't know what is. Good for you guys - more power to ya! :D
I'm currently learning Market Profile by reading J Dalton's Mind Over Markets and using the free info on the following websites:
Trading Naked...
Looking at yesterday's high of day some lucky folk, who bought at last week's lows and sold at yesterday's high, have made a cool 300% gain. What a shame that I sold on Friday.:eek::mad: