Right. I understand. The Kaminski link agrees with university research I found long ago. I didn't mean to insinuate it was a myth. I was just speaking in general that I think it's a good practice to look into the facts, either statistical analysis ...

Multi-Lot Multi-Timeframe Position trading

Sitting on the sidelines all of today. Will be back in the markets tomorrow after the dust settles from the Fed rate hike.

Multi-Lot Multi-Timeframe Position trading

With all that said, I should admit that my very best trades are those that have developed over months to years of a fundamentally driven trend playing out rather than some quick single day move. I don't necessarily hold the same entry for weeks or ...

Multi-Lot Multi-Timeframe Position trading

Yes, good point Lemma. The USD and Euro make up the majority of most currency "baskets". If we are looking at the value of the USD, we are mostly looking at it vs. the Euro, and visa versa. I don't currently trade the Chinese Yuan because it is so ...

Multi-Lot Multi-Timeframe Position trading

Thanks for the additional references Copernicus. If we are going to approach our trading in a logical and scientific manor, it is important that we base our decisions on actual data and analysis rather than trading myths. -G

Multi-Lot Multi-Timeframe Position trading

Excellent original research Tibovwh. I'm aware of the effort needed to create such data and analysis. There is some deviation from a normal distribution, but generally the curve shape seems to represent the classic bell shape, at least to my eye. I ...

Multi-Lot Multi-Timeframe Position trading

Hi Tibovwh. Excellent question! I agree that larger spikes are more likely to occur in the direction of the trend, but as we stay in a trade for longer periods, we get more larger spikes in both directions. Of course, those spikes in the direction ...

Multi-Lot Multi-Timeframe Position trading

Yes, some big reversals today. I had done really well over the past week and so last night just before bedtime I took off most profits and tightened up stops on the trades I let run overnight. That is just a habit of reducing risks any time I can. I ...

Multi-Lot Multi-Timeframe Position trading

Hi IBO. I've done well with this technique overall. Of course, it's possible that price is at a maximum overbought position just at the moment of entry with this method and price will reverse right after entry. All trends must end and a small number ...

Multi-Lot Multi-Timeframe Position trading

On average my sl risk on any trade is about 0.5%. But I'll usually cut a loser off at less than that. 1% would be a large risk for me, and I try to not take large risks. The goal is to get rich slowly. The other option is to go broke quickly. Sadly, ...

Multi-Lot Multi-Timeframe Position trading

Sure Forfac. The first thing I do in the morning is a quick scan of news and the calendar for the day. I don't want to jump in and get blindsided by a developing event or announcement. Today for instance, Yellen is scheduled to speak and any ...

Multi-Lot Multi-Timeframe Position trading

You'll probably get some entries like this just about every day. Here are some that may provide an entry today or tomorrow, longs: NJ, ACad, NCad, NChf, GCad. Shorts: EN, EA, GN. Best success. -G

Multi-Lot Multi-Timeframe Position trading

Good points IBO. Look at the S&P chart or gold and you see they trend up over a very long period and may never return to previous long term lows. Look at the long term charts of currency pairs and you see that trends end and price often returns back ...

Multi-Lot Multi-Timeframe Position trading

Sure Forfac, here's the simplest method I know of for trend trading. Plot your charts with green for up candles and red for down candles. Only enter long when the current candle in all timeframes from 1 min to 1 month are green. Only enter short ...

Multi-Lot Multi-Timeframe Position trading

Hi Pete. Lots of holiday duties these days, but I'm making time for trading as I can. Typically, I'll take profits off a long trend in large chunks using my multi lot strategy. I usually don't want to risk 700 to 1000 pips of profits as anything can ...

Multi-Lot Multi-Timeframe Position trading

Yes Roughtrader, there is only one price, and it's exactly the same on all timeframes. What I'm speaking about in multi-timeframe trading is the trend of price movements. That apparent trend depends on the frequency of sampling, so the 1 hour chart ...

Multi-Lot Multi-Timeframe Position trading

Yes, the SNB has to bring down the Chf to stay competitive with the Euro.

Multi-Lot Multi-Timeframe Position trading

Hit TP on EA as I slept last night. Nice profit. I love making pips while I sleep.

Multi-Lot Multi-Timeframe Position trading

Yes, I posted the above before I saw your post IBO. The SNB must bring the Chf down if the Euro comes down. Otherwise their exports to the rest of Europe will take a large hit.

Multi-Lot Multi-Timeframe Position trading

The Euro has fallen a lot already, so a large counter trend correction is possible before the trend continues. As always, pick entries carefully and scalp your way in.

Multi-Lot Multi-Timeframe Position trading