Hedging works very well and you don't have to go against other financial instruments. Pick a pair, any pair (except pairs that don't move much) go in regardless of the market's direction find a mathematical formula that works for you and apply it (lot size). Just go with the flow. Of course this is not for the faint at heart, because you cannot use stop loss with this strategy. Synchronize timing and lot size to exit. You are going for the gold and want to come out with it. Fear and you will lose. You can be very successful if you find the right equation. It's in the numbers you choose.