I believe that I've found a workable solution, though it deviates from the original approach. Will start trading live this week or next, as well as describe the trading approach... Best, Dave

Volatility-based Trend Trading

Not sure why folks always assume a 50% win rate just because the R:R is 1:1...you will always know the Risk (in most cases), but never the reward...I've back-tested the idea of 1:1 R:R with random entry, as many others have, and I can assure you ...

The Backwards System

I spent the weekend doing some extensive back-testing on numerous pairs... the whipsaws were extensive even during long-term downtrends & uptrends, more than I could psychologically tolerate... back to the drawing board... I guess this is when i ...

Volatility-based Trend Trading

UPDATE: 11:30 am, EST_Friday, March 11, 2016 Open positions: Done for the week Closed positions: GBPUSD: buy @ 1.4286; opened 3-10-16; closed manually @ 1.4410; Pip P/L = +124 pips total (closed) pips this week = +635 total (closed) pips to date = ...

Volatility-based Trend Trading

UPDATE: 5:30 am, EST_Friday, March 11, 2016 Open positions: GBPUSD: buy @ 1.4286; opened 3-10-16; stop-loss @ 1.4227; current Pip P/L = +12 pips (locked pips = -56) Closed positions: EURJPY: buy 540 units @ 125.15; opened 3-10-16; stopped out ...

Volatility-based Trend Trading

UPDATE: 7:30 pm, EST_Thursday, March 10, 2016 As noted below, at 7:00 am (EST) I closed my EURJPY buy position prior to the Euro zone minimum bid rate announcement at 7:45 am. I closed it because many news analysts were suggesting that the EURUSD ...

Volatility-based Trend Trading

UPDATE: 5:30 am, EST_Thursday, March 10, 2016 Open positions: EURJPY: buy 540 units @ 124.57; opened 3-9-16; stop-loss @ 123.98; current Pip P/L = -15 pips (locked pips =-59) EURCAD: sell 401 units @ 1.4648; opened 3-9-16; stop-loss @ 1.4648; ...

Volatility-based Trend Trading

UPDATE: 7:30 pm, EST_Wednesday, March 9, 2016 Open positions: EURJPY: buy 540 units @ 124.57; opened 3-9-16; stop-loss @ 123.98; current Pip P/L = -19 pips (locked pips =-59) EURCAD: sell 401 units @ 1.4648; opened 3-9-16; stop-loss @ 1.4648; ...

Volatility-based Trend Trading

UPDATE: 5:30 am, EST_Wednesday, March 9, 2016 Open positions: EURJPY: Sell 540 units @ 124.57; opened 3-7-16; stop-loss @ 123.98 ; current Pip P/L = +138 pips (locked pips = +59) Closed positions: EURCAD: Buy 401 units @ 1.4730; opened 3-8-16; ...

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Tuesday, March 8, 2016 image Open positions: EURJPY: Sell 540 units @ 124.57; opened 3-7-16; stop-loss @ 124.57 ; current Pip P/L = +89 pips (re-entry, but set SL at entry + (20%*weeklyATR)) EURCAD: Buy 401 units @ 1.4730; ...

Volatility-based Trend Trading

Yes, that is correct... I have...and with that said, the re-entry method of using a position straddle with a 10% weeklyATR spread is geared toward TKimble's daily method, but using volatility to dictate the direction of the entry...I did a back-test ...

Volatility-based Trend Trading

Thank you INFJTrader! I'll definitely work with your spreadsheet... as I mention in a previous post, I update my re-entry positions via manual calculations into a pocket-size notebook that I keep with me while at my day job...old school, lol... but ...

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Friday, March 4, 2016 Open positions: None Closed positions: EURCAD: Buy 401 units @ 1.4723; opened 3-4-16; closed @ BE prior to NFP ; Pip P/L = 0 pips GBPUSD: Buy 536 units @ 1.4177; opened 3-4-16 (1 hr post NFP); closed at ...

Volatility-based Trend Trading

UPDATE: 5:30 am, EST_Friday, March 4, 2016 Open positions: EURCAD: Buy 401 units @ 1.4723; opened 3-4-16; stop-loss @ 1.468; current Pip P/L = +28 pips Closed positions: GBPUSD: Buy 536 units @ 1.4065; opened 3-3-16; stopped out 3-4-16 @1.4149; Pip ...

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Thursday, March 3, 2016 Open positions: GBPUSD: Buy 536 units @ 1.4065; opened 3-3-16;stop-loss @1.4125; current Pip P/L = +107 pips (re-entry trade; locked in +56 pips) Closed positions: EURCAD: sell 401 units @ 1.468; opened ...

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Wednesday, March 2, 2016 Open positions: EURCAD: sell 401 units @ 1.468; opened 3-1-16; stop-loss @ 1.468; current Pip P/L = +57 pips (re-entry trade; locked pips = 0) GBPUSD: Buy 536 units @ 1.3981; opened 3-2-16; stop-loss ...

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Sunday Feb 28, 20016 Initial entry straddles for upcoming week: image Best, Dave

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Friday Feb 2-26-16 Open positions: NONE Closed Positions: EURCAD: sell 401 units @ 1.5110; opened 2-24-16; closed @ 1.4770; Pip P/L = +340 pips (re-entry trade) GBPUSD: Sell 536 units @ 1.3922; opened 2-24-16; stop-loss hit ...

Volatility-based Trend Trading

UPDATE: 8:00 pm, EST_Wednesday Feb 2-24-16 Open positions: GBPUSD: Sell 536 units @ 1.3922; opened 2-24-16; stop-loss @ 1.3950; current Pip P/L = -7 pips (re-entry trade) EURCAD: sell 401 units @ 1.5110; opened 2-24-16; stop-loss @ 1.5150; current ...

Volatility-based Trend Trading

UPDATE: 7:30 pm, EST_Tuesday, Feb 2-23-16 (includes Monday activity as well) This is my setup for the week: image Open positions: 1. GBPUSD: Sell 536 units @ 1.4062; opened 2-23-16; stop-loss @ 1.4062; current Pip P/L = +58 pips (re-entry trade) ...

Volatility-based Trend Trading