Well, I certainly wouldn't venture to disagree with a spouse. EVERY time I have ever done that I was wrong. Your numbers look correct to me. I will note that trading is different than working a regular job for a fixed amount each week. It's not ...

Multi-Lot Multi-Timeframe Position trading

Glad to hear your trades are doing well AG. I'm always tempted to just pile on when trades are going in my favor, but we must respect the high risk involved in adding to winning trades. That is if the trade turns against us, it will lose much ...

Multi-Lot Multi-Timeframe Position trading

Oh, very good entry! We both were jumping in a little early on the EN short. That may be a mistake of impatience, but the longer term trend on the daily, weekly and monthly often corrects my mistakes and makes me look smarter than I really am. Hmmm, ...

Multi-Lot Multi-Timeframe Position trading

Well, the Saudi's and Egypt getting involved in Yemen has popped the price of oil up. There is no good reason for that, but as they say, the market can remain irrational longer than we can remain solvent.

Multi-Lot Multi-Timeframe Position trading

Good point lemna. Sometimes the best position is no trade. That is just as valid as long or short. There will sometimes be long periods where we just have to wait and be patient.

Multi-Lot Multi-Timeframe Position trading

Yes, good trading should be a little boring. Took a 20 pip loss on the first try to enter EN short. Trying again now. This will be my final try to short EN, We'll see. Now second lot short. I'm like the guy who fell off the cliff. All the ...

Multi-Lot Multi-Timeframe Position trading

Yes, I think we just hit the resistance at 1.4437 I'll put a lot on short here with a very tight stop of about 25 pips and watch it closely.

Multi-Lot Multi-Timeframe Position trading

image

Multi-Lot Multi-Timeframe Position trading

Yes, it's very difficult to know what is really going on behind the scenes. I've seen central bankers reverse position without warning or just outright lie about what they were doing. In the end, if you are uncomfortable trading a pair for any ...

Multi-Lot Multi-Timeframe Position trading

Good observation and discussion! However you want to define it, the intrinsic volatility of some pairs is extremely high vs. others. GN Daily ATR is about 240 pips, compared to NCad of 94. Just to adjust for volatility you'd need to have 2.5 X the ...

Multi-Lot Multi-Timeframe Position trading

NB, the entry isn't that critical, but if the very short tf's are moving against the trade, I will wait until they reverse. That usually happens within a few hours anyway, so I usually don't have to wait long. If I'm just barely in the range of ...

Multi-Lot Multi-Timeframe Position trading

Hey NB. Had a long day taking care of business out of town and I'm brain fried. I'll get back to your excellent questions after a bit of rest. G

Multi-Lot Multi-Timeframe Position trading

Bailed out of UCad with a nice profit. Was hoping for more, but I always am. Took an EN short for small risk. I'll let it run overnight and see what I wake up to.

Multi-Lot Multi-Timeframe Position trading

I don't tighten stops before being away from the computer for a long period. Due to all the work put into trade selection up front, the tighter stop is more likely to kick me out of a good trade than a bad one. Some of my best wins were made while ...

Multi-Lot Multi-Timeframe Position trading

Welcome to the thread Tom. You are welcome to post anytime. Best success.

Multi-Lot Multi-Timeframe Position trading

Yes, that AJ short seems to be going in your direction. No need to rush your decision on that one. Be patient. No need to get kicked out of a good trade because you crowded the trade. I'd let it run a little to get some breathing room on it. Same ...

Multi-Lot Multi-Timeframe Position trading

Hey Saunga. Yes, some charts would be great! Glad to see you are trying this in demo. I jumped back into UCad about 5 hours after the long pinbar marked the bottom of the retracement. That was a rather unconventional trade for me. The very long ...

Multi-Lot Multi-Timeframe Position trading

The FOMC announcement was that there is no change. It was a large reaction for no change in policy, but I suppose the market was just ready for a correction. I had to bail out of my UCad long with tiny profit to prevent letting a winner turn into a ...

Multi-Lot Multi-Timeframe Position trading

Yes, I'm sure that's the case. I expected volatility around the FOMC announcements, but it was more extreme than I would have thought for what was basically a non-event. This is the reason to first take care of our risk and protect ourselves at all ...

Multi-Lot Multi-Timeframe Position trading

Good point! I've done that too. If I'm not getting a retracement to enter, just keep dropping down to lower timeframes until I get one.

Multi-Lot Multi-Timeframe Position trading