That's good news. Steady as she goes. I'm wondering what % of equity you are risking on initial entry since you had concerns just taking two short trades, EG and EU. After initial entry, your risk to equity should be virtually nothing and the only ...

Multi-Lot Multi-Timeframe Position trading

Both good points. I just threw up the widget charts to get some feedback going. Most of the time, my trades have nothing to do with widgets. They mostly just reprocess the same information as we can see in the raw price, like trendlines that can be ...

Multi-Lot Multi-Timeframe Position trading

I keep two price charts, one very clean price action, which some would say is all that matters, and another with widgets and gizmos. I'll throw up some widget charts to spur some discussion. These are charts with all sorts of widgets, trendlines, ...

Multi-Lot Multi-Timeframe Position trading

Went into this week heavy short Euro. I think the last 6 or so charts I posted were short Euro. I'm not a signal service, but I hope some of my readers got the hint and are doing well on the devaluation of the Euro. If you caught the hint and made ...

Multi-Lot Multi-Timeframe Position trading

Yes, you have quickly seen an open question in using this method. The selection of the H1 for my example seems rather arbitrary. Why not use the 30M to further reduce risk? Why not use the H4 to increase the likelihood that we would stay in a good ...

Multi-Lot Multi-Timeframe Position trading

Well, I suppose I always try to keep an open mind about everything in trading. The market constantly evolves and my trading is dynamic, evolving slowly with the market. It is an evolution rather than a revolution though. Things that worked well 10 ...

Multi-Lot Multi-Timeframe Position trading

Yes, I'm sure different pairs have different characters. The biggest difference is the different volatilities of the different pairs. That must be considered when placing stops and managing trades. The method I'm exploring takes volatilities into ...

Multi-Lot Multi-Timeframe Position trading

Yes, a valid analysis. Also, lots of people watch pivots, which may sometimes make them self fulfilling. I often consider pivot placements when deciding where to place stops. For instance, in my discussion of a stop placement for EU, there was a ...

Multi-Lot Multi-Timeframe Position trading

I realize some of my terminology may be confusing with made-up terms like lower-high price peak and such. If anyone has a question let me know and I'll try to explain differently.

Multi-Lot Multi-Timeframe Position trading

Yes, I'm just looking at the H1 at the moment, but due to the fractal nature of price movements, the same effect should apply to other timeframes within reasonable limits.

Multi-Lot Multi-Timeframe Position trading

One simple way to incorporate high volatility in our stop setting without having it diluted by recent low volatility bars is to look at the size of the recent adverse price excursions and base our stop setting on the recent worst case. For instance, ...

Multi-Lot Multi-Timeframe Position trading

If we were to take a short trade in EU and set our stop just above the Lower high I've labeled as Price Peak #1, we have a fairly good chance that price will violate that stop before the trade can run to glorious profits. That is to say, price would ...

Multi-Lot Multi-Timeframe Position trading

I'll move on and if anyone has any comments they can jump in at any time. First of all, allow me to clarify our definitions a bit. We have already adopted the discrete definition of a down trend as a series of lower highs and an up trend as a series ...

Multi-Lot Multi-Timeframe Position trading

I'll continue now with a discussion started earlier. We have talked a lot about entries, about how we want to trade strong vs. weak pairs, always going long with the stronger currencies and short with the weaker pairs. We've discussed making entries ...

Multi-Lot Multi-Timeframe Position trading

Excellent observations. Thanks for the input! G

Multi-Lot Multi-Timeframe Position trading

So, I'm going to use this EG short trade as a live trading example. It might go straight to the stop, since price can do anything at any time, but as long as it lasts I'll follow the example. Initial entry was just according to my method of lining ...

Multi-Lot Multi-Timeframe Position trading

Well, this is slow, but working well. Taking every other lot off EG short for profit. Started with the first before putting the second on, then the second before putting the 3rd on, next I'll take the 3rd off in profit before putting the 4th on, ...

Multi-Lot Multi-Timeframe Position trading

I suppose there are many ways to exit these lots. I haven't tried that method, so I can't say for sure how it would work out.

Multi-Lot Multi-Timeframe Position trading

Yes, you are absolutely correct. I have actually done it both ways. I do like the feeling of locking up pips in my equity account since I consider realized gains more valuable than unrealized gains. The math says your way is superior, since it ...

Multi-Lot Multi-Timeframe Position trading

I hope I'm changing your trading for the better! OK, now we are getting into the internals of my own personal trading style. I actually have two separate live trading accounts. One is my test account. It is a micro lot account. The other is my ...

Multi-Lot Multi-Timeframe Position trading