I'm glad you brought that up Lemna. I've had the same problem. The very best trades, the ones you wish to get another lot on the most, are the most likely to not offer a retracement to add the additional lot. The way I'm currently handling this is I ...

Multi-Lot Multi-Timeframe Position trading

I'm not in GU at the moment, but the risk from the FOMC meeting seems to be tilted in your favor. That is to say, it's unlikely the FOMC will discuss any further easing for the USD. Any surprise should be toward tightening sooner than expected, but ...

Multi-Lot Multi-Timeframe Position trading

Glad you enjoyed Bendz. Best success to you. G Anyone have questions, comments, discussion?

Multi-Lot Multi-Timeframe Position trading

What's your Edge? (part 5) This will be the last part of this series discussing creating an edge. We have had some good discussion over the past few days with regards to "seeing elephants in the clouds". Thanks to AG for pointing out a good thread ...

Multi-Lot Multi-Timeframe Position trading

Great thread AG. The fact is, our minds can see patterns where none really exist. Sometimes the trends that I am trying to trade are just patterns in my mind. I call them elephants in the clouds. Sometimes they represent real trends in the market. I ...

Multi-Lot Multi-Timeframe Position trading

Yes. So, that's about as simple as it gets. Find a strong trend, cut losses short, let winners run. There are a few questions to answer still, but I think we have addressed them. What is a strong trend, how short to cut losses, how long to let ...

Multi-Lot Multi-Timeframe Position trading

While we were not watching it, oil dropped to below $44 a barrel. That is a boost for the US and a drag on the Cad. Just sitting tight on My UCad long and waiting to see how this plays out. image

Multi-Lot Multi-Timeframe Position trading

Good observations. As others have observed, sniping a few pips one way or the other on entry won't make that much difference in a trade running for weeks. I don't enter when price is trending against me in any timeframe above M15, just as a matter ...

Multi-Lot Multi-Timeframe Position trading

Yes, of course. This is a good discussion. If price is going up, it doesn't matter what your brokers server time is or how the candles are drawn, price is still going up. My point is, reading anything into an individual candle's shape is pseudo ...

Multi-Lot Multi-Timeframe Position trading

AG. of course this is an important professional trading discussion and that's the reason it interests me. I almost always display prices as candles, except rarely when the candle covers up something else I want to see and I momentarily switch to ...

Multi-Lot Multi-Timeframe Position trading

Yes, of course. This is a great side discussion. The question was. What's your edge? Let's have a little fun with this one. I'll take the side that candlestick patterns are just a bunch of made up pseudo science. So, let's critically examine using ...

Multi-Lot Multi-Timeframe Position trading

Well, honestly, I just simply buy when price goes up and sell when it goes down. I'm thinking that if you make things too complicated, there is always another way to look at them, so you can never reach consistent profits. Every win seems like the ...

Multi-Lot Multi-Timeframe Position trading

Welcome aboard. I wont be laughing. I've made plenty of mistakes myself. Everyone has. We are all somewhere on the same learning curve. I still make them, but I try to keep them small enough that my winners pay for them with profits left over. Best ...

Multi-Lot Multi-Timeframe Position trading

Hmmmm. OK. I see your point. Thanks for the "heads up". I claim Copyright protection for all my writings as of this date 3/13/2015. Any reproduction of my original writings without prior permission is prohibited. All rights are reserved. My lawyers ...

Multi-Lot Multi-Timeframe Position trading

What's your Edge? (part 4) I've been talking a lot about Higher Lows and there is a very good reason for that. There are two common objective measures of a trend direction, say an up-trend. One is it's a series of Higher Highs and Higher Lows. The ...

Multi-Lot Multi-Timeframe Position trading

Thanks so much for the kind words. Yes, we are now in a "good entry" in UCad. It's about +120 pips. How did I do that? Was it just pure luck? What is the chance that I would pick a winning trade at random? Well, I monitor 25 pairs and each could be ...

Multi-Lot Multi-Timeframe Position trading

Hey AG. I'm sure the resolution of the EPR paradox must be in the math. Glad to hear you are making good progress. We should be able to nail these entries, at least to a reasonable chance of success. Real time charts are good for discussion. Post ...

Multi-Lot Multi-Timeframe Position trading

What's your Edge? (part 3) So, let's presume that there is some sort of distribution of trades according to randomness, perhaps like a bell curve, and all trades fall somewhere on that bell curve distribution according to how random their price ...

Multi-Lot Multi-Timeframe Position trading

What's your Edge? (part 2) Why do trends exist in the first place? Efficient Market Theory says that price should reflect everything known about an instrument at any point in time. One important point is that the market is a "price discovery ...

Multi-Lot Multi-Timeframe Position trading

Yes, as long as you have good rules to exit at the end of the trend. Otherwise you can lose back your profits a lot quicker than you made them. Just sayin'... I just try to strike a balance, increasing lots as I trade, but also paying myself as I ...

Multi-Lot Multi-Timeframe Position trading