I just moved the sl on first and second trade up to remove all risk and lock in a little profit. A nice place to be. Maybe I'll stack a third trade on eventually, we'll see. So, it looks like this: image

Trend Trading

I'm pyramiding the Cad/Jpy right now. I just moved the 1'st trade sl to a little above BE and put a second on sized at 60% of the first. It looks like this: image

Trend Trading

I've had very good luck with pyramiding trades. Of course, I'm very flexible about how I implement them, but usually I only want to pyramid the very best of my trades. Every really good trade will at least make it to a 2:1 reward to risk, so that's ...

Trend Trading

Hello again Nefser. Again we are in pretty close agreement. A ranging market on a longer timeframe usually looks like short trends on a shorter timeframe. Any of those can be traded for profit, but one must have a game plan. A scalper may be ...

Trend Trading

Welcome back Nefser. As far as a TP is concerned, I kinda agree with you. I do have a minimum r:r that I'm looking for though. I'd like a r:r of 3:1 or better. Of course there is no way to guarantee any trade will make that, but they might make much ...

Trend Trading

Welcome Dscap. I'm in the UJ and GN long. I had EA and GA longs, but had to bail when they reversed on me. I have no problem re-entering though if the correction ends. As you say, all the longer timeframe trends are up. Typically for me, the end of ...

Trend Trading

I agree. Random entries produce random results with a negative expectation after the costs of trading are considered. Entries must have some "edge" to them to produce a positive expectation. Of course, that's my own humble opinion. If anyone has ...

Trend Trading

I think this might be another way of saying the market is more efficient than it used to be. Perhaps it's due to super computers and better algorithms or neural networks or maybe even the influx of millions of retail traders, but for whatever ...

Trend Trading

Hi Synicz. I believe we have touched on a few of these subjects. Anyone can feel free to discuss any of them they wish. I'll grab diversification, since I don't believe it's been mentioned in this thread to date. I practice diversification in just ...

Trend Trading

Max, sorry for the very delayed reply. Your post is a great example of what I'd call an "apparent" trend. Just flipping a fair coin long enough will generate long runs of heads or tails that, if graphed on a chart as you have done will appear to be ...

Trend Trading

Ed Seykota had a couple rules that apply. 1. Always have well defined system rules on when to enter, take profit and take a loss. 2. Know when to break rule 1. I'm still working on that second one. - G

Technical Analysis Fallacy

Hi Tomorton. Yes, pyramiding can be a very aggressive approach. It's one thing to tell someone they can lose back pips more than twice as fast as they made them in the first place, but it's nerve racking to experience it first hand. I'd only try it ...

Trend Trading

AG, yes, I'd be interested in others opinions, but I believe the math says that properly pyramiding amplifies the expectancy of a system. It's like using leverage, so if the system has a positive expectancy, it can increase profits if done properly. ...

Trend Trading

I'm just thinking about the pyramiding of trades today. I currently have no pyramids running, but I'm considering it. Does it really help to add to winning trades, and if so, add how much and when? I'll leave it as a homework assignment to the ...

Trend Trading

Sorry about the mess Nivad. It's not all of my making. I'll work on cleaning things up around here. I was speaking of win/loss ratio=#wins/#losses Best success. - G

Trend Trading

Hi AG, I've been in and out of EA for the past few months, but the large reversals you show on the chart have eaten up most of my profits on it. Since I clear my trades every week or two on average (whenever I reach a profit goal), I'm probably not ...

Trend Trading

Yes, the data seems to indicate that having a good reward to risk ratio is more important than having a good win/loss ratio. I was surprised to learn that. The conclusion would be that if we want to improve profits from trend trading, we should ...

Trend Trading

Well, there are probably as many opinions as there are traders. Let's look at some real data gathered from 43 million real trades: url Comments anyone? Of course, anytime I read something like this I do so very critically. The chart he shows with ...

Trend Trading

Hi Nivad, welcome to the thread. There's some lively discussion on trend trading here. We'll have to struggle to keep it civil, but lively is great! I'm interested in your 4 ideas to improve win/loss ratio in trend trading. I'd like to do a deep ...

Trend Trading

Excellent discussion on Breakouts vs. Fakeouts. This is a crucial subject for all trend traders. Fakeouts are many with about 60 to 75% of attempts to enter a trend failing and returning back to the longer time frame trend direction. The 34% success ...

Trend Trading