Hmm, I think hedging might not blow one's account, but might be good in long term trading. I have maths that prove some theories. Besides you have to be in front of your monitor very frequently even on long 'journeys'. Basically costs will be the difference between slippage, spread and/or requote and the profits, so with implementing the fib expansions on waves you can see the third wave that gives good chance of winning, of course after retracement from the 61,8 area. The math is combined of averages of consecutive possible losses and wins by function of the sums and subtracts of the highest/lowest prices ,thus giving clearer picture what is going to be next. Candles and C/R patterns must not be ignored.