Looks like retracement on the UCad long has bottomed out right on the 23.6 fib line as shown below. image I would be looking to manually exit this trade with a retracement more than 50% of yesterday's move. I consider that unlikely, but I'd take ...

Multi-Lot Multi-Timeframe Position trading

Hi Mattrix. I'm leaving the sl where it is tonight for UCad long. It's just below the low made 4 days ago. I don't expect price to retrace that much tonight from yesterday's big move up, but if it does, the trade is over and I walk away with some ...

Multi-Lot Multi-Timeframe Position trading

Took another +366 pips off UCad Long. Letting three more lots run: image Took +280 off NU short. Letting 5 lots run short now. image That makes for a good week. The key to these long term trades is to cut losses short and let winners run for the ...

Multi-Lot Multi-Timeframe Position trading

Right. If you can tell that a trade is going bad, there is no need to wait until the stop is hit. Often I'll cut my losses short by half of the stop value or more. I'll usually exit at least 10 pips before the stop is hit even if I'm not sure why ...

Multi-Lot Multi-Timeframe Position trading

Good to see you stop by Doerpn. Hope things are going well for you. -G

Multi-Lot Multi-Timeframe Position trading

Wild Cad swings after the poor Canada employment report this morning. The cad value should have dropped after the poor report, so what happened? It spiked up (UsdCad spiking down), taking out weak traders lined up in the correct direction but with ...

Multi-Lot Multi-Timeframe Position trading

Trading is 10,000 times harder than brokers would make it sound. You are way too hard on yourself. YOU ARE WAY OVERTRADING, BY LIKE A FACTOR OF 40x. Thus it is no wonder that you are losing all your capital in a flash. You need $500 to $1000 per ...

Why Can't I Trade?!

Betting on a breakout long from this 30 min wedge pattern. Trading well now on NU short and UCad long. Putting lots on and taking them off for steady profits. Steady as she goes. Keep calm and carry on. -G image

Multi-Lot Multi-Timeframe Position trading

Well, I guess we are all in a "learning mode". I didn't take NJ short because of last years devaluation of the Yen, but what is past is past. I should have given it a second look since it has been a good trade. Best success. G

Multi-Lot Multi-Timeframe Position trading

Good call IBO. I took it. Now 4 lots short and +500 pips. Thanks! G. image

Multi-Lot Multi-Timeframe Position trading

It seems that way, but I saw polls that said that Greeks would vote to accept a "bad deal" to stay in the Euro, so I can't trade either way on it for now.

Multi-Lot Multi-Timeframe Position trading

A slow week. Only took +140 pips off GJ long. Just standing by now to see how the Greek thing works out. Carry on. G

Multi-Lot Multi-Timeframe Position trading

Hi IBO, Yes I've been trading longer term trades of late and the weekly has more impact on those trades. Sometimes the longer term trends are good but the short term trends just aren't good at the moment that I'm looking around for trades. Sometimes ...

Multi-Lot Multi-Timeframe Position trading

Taking a lot EJ long.

Multi-Lot Multi-Timeframe Position trading

I had a small test trade on GCad long and just bailed out at -48 pips. The reason is I understood why that trade was going against me. The oil price is headed up and CAD is moving up with, it driving my trade down. I don't always understand what is ...

Multi-Lot Multi-Timeframe Position trading

Taking 400 pips profit off GJ and CHF/JPY longs this morning. Just trading 3-lots on each. Steady as she goes. Some small test trades on Cad/Jpy, GA, GCad, GN long and EG, NU short, but I haven't committed full lots to them yet. Edit, took a lot ...

Multi-Lot Multi-Timeframe Position trading

Thanks Mattrix. How's your trading going?

Multi-Lot Multi-Timeframe Position trading

Yes Bendz. Going forward I'll be giving examples of position trades. Hopefully after all the examples we have been over, once the chart is up these will be fairly self evident. Best success. G.

Multi-Lot Multi-Timeframe Position trading

Ready to take 300+ pips profit off the next to bottom lot of Chf/Jpy Long. I'll leave the bottom lot at +400 pips running for now. image

Multi-Lot Multi-Timeframe Position trading

4th lot now on GJ. Nearing the point of taking off 200 pips profit from the bottom lot. Steady as she goes. image

Multi-Lot Multi-Timeframe Position trading