Decision time on UCad long. I'll be adding a new lot here. Should I take the oldest 300 pip lot off in profit, or let it run some more, meaning I'd have 4 lots running long? Thinking it over. image

Multi-Lot Multi-Timeframe Position trading

Just took a GCad long.

Multi-Lot Multi-Timeframe Position trading

Very cool Change. Thanks!

Multi-Lot Multi-Timeframe Position trading

I've been wanting to get into NJ short, but every time I am ready to take it, price makes a retrace back up on the H1 preventing my entry. Maybe today will be my day. Yes, you do need a wide stop to trade longer term, but I wouldn't try to ride out ...

Multi-Lot Multi-Timeframe Position trading

Sure, I can move the stop up soon. I never felt my profits off UCad were in danger. The stop is more of an emergency stop, just in case something unexpected happens. The stop is still well below where I would manually exit if the trade turns bad. It ...

Multi-Lot Multi-Timeframe Position trading

I was simply using it to determine the direction of the trend for each timeframe. I haven't used that one in a while. -G

Multi-Lot Multi-Timeframe Position trading

I scan whenever I have time. I have no set pattern. I scan more often when I have no trades going on. I scan less often when most of my capital is tied up in current trades. I've developed a method that only takes about 10 minutes to scan all my ...

Multi-Lot Multi-Timeframe Position trading

If you stop to think about it, there are only a very limited number of things price can do. It's something like: 1. It can go against you a little and then come back in your favor. You just ride that out. You have to give it a little room to ...

Multi-Lot Multi-Timeframe Position trading

Sometimes there is a major fundamental shift in the markets which will indicate the end of a trend, like a reversal of policy by a Central Bank. I'll just bail out quickly in that case. I can always re-enter later after I have thought it over. Much ...

Multi-Lot Multi-Timeframe Position trading

Quite right. I'm naturally an impatient person. But patience is essentially solved now because now I already know before I enter a trade where I will cut the loss short, or add another lot on, or take a profit off. I'm willing to wait days or weeks ...

Multi-Lot Multi-Timeframe Position trading

Yes, MACD is one of my favs. I will also look at trendlines as well. Rarely, I'll even look at fibs, stochs, or regressions. Almost anything will work sometimes, nothing works all the time. Once you have found something you like, the important part ...

Multi-Lot Multi-Timeframe Position trading

Took a UChf long trade. Put a 3rd lot long on UCad long. 8 pairs on my watch list. Generally, these are all pairs that are trending in the same direction on nearly all timeframes, but I want to see them sustain that trend for 100 pips or more before ...

Multi-Lot Multi-Timeframe Position trading

Sure. I haven't found any indicators that work better than simply looking at a bare chart and deciding if price is going up or down. I mean, sometimes they will work better and sometimes they wont and that's the best they can do. Thus, it can be ...

Multi-Lot Multi-Timeframe Position trading

Sure, post charts for discussion anytime you like. It's supposed to be a discussion thread. Really, at this time, I'm not using any indicators to trade (bare naked trading). Though I do have some favorite indicators plotted on my chart and I do look ...

Multi-Lot Multi-Timeframe Position trading

That's all my active trades at this time. I really only need one or two good ones to cash in big-time using multi-lots. If you were watching closely, you'll notice that I work to get my trades to a risk free position very quickly, then I slam them ...

Multi-Lot Multi-Timeframe Position trading

Finally, I'm still trading the UCad long and I have taken +542 pips profit off it this July. This is now another free trade (no risk). I currently have only 2 lots long on it after taking my prior profits off. Those two lots are running +235 pips ...

Multi-Lot Multi-Timeframe Position trading

If you are following along, you know that I've been trading NU short for a while. I've been trading it multi lot and now I have taken +1320 pips off this trade in July (multi-lot is swell when it works). This is now a free trade (no risk) as the ...

Multi-Lot Multi-Timeframe Position trading

Just a quick update on a few trades. I said I was taking an EG short and I'd report back on it. The original lot is now +30 pips, so I will now take that profit and add another lot on the trade. That gives me 30 pips room to try to make this one ...

Multi-Lot Multi-Timeframe Position trading

Oh! I did just enter an EG short. Win or lose, I'll post the results up here with some analysis next week. -G

Multi-Lot Multi-Timeframe Position trading