Sounds like you have already considered the worst case scenario AG. Good job! Keep calm and carry on. G

Multi-Lot Multi-Timeframe Position trading

Yes. At least I want to see that it has turned in my direction to enter. G

Multi-Lot Multi-Timeframe Position trading

Hi Nefser. There are a few things I know I must do consistently to win over the long haul. I know have to cut losers short. I put a lot of thought in how to do that without letting losses mount up and get out of control or exiting good trades too ...

Multi-Lot Multi-Timeframe Position trading

Well, Japan has definitely decided to create and sustain a higher degree of inflation than the US or Europe would be comfortable with. Their latest move was in response to inflation just dropping from 3.7% in May to 3.2% now. 3.2% would raise ...

Multi-Lot Multi-Timeframe Position trading

So, my point is, I examine all timeframes before I enter a trade, but to exit, I'll decide how strong the trend is and how long do I think I can stay in it given current market conditions, then look two timeframes down for my retracement exit signal ...

Multi-Lot Multi-Timeframe Position trading

Some people like using trendlines and channels, and that looks like this: image Now it's getting so messy I can hardly even see what is happening, but if you look very close, you can see price breaking out of the channels before any of the other ...

Multi-Lot Multi-Timeframe Position trading

Here is another. Adding the Heiken Ashi smooths out the candles and makes the trend really stand out: image

Multi-Lot Multi-Timeframe Position trading

You can add all the junk you want to it, but I'm not sure the result will be any better. So for instance, here is adding The CCI cross over the 0 line. It sometimes gives a quicker indication, but also might be more likely to give a false signal: ...

Multi-Lot Multi-Timeframe Position trading

An even cleaner signal, which I have discussed here before is the RSI cross over the 50% mark. I like to combine both of these and use them to double check my decision, so it looks like this: image To me, it looks like the signals of when to enter ...

Multi-Lot Multi-Timeframe Position trading

The question of how long to let a trade run is a vexing one. If price is in a steady trend, we'd like to let it run for a very long time to get as many pips out of that one trade as possible, but almost all trends come to an end eventually, and we ...

Multi-Lot Multi-Timeframe Position trading

Yes, that's true. In my own humble opinion, Trading without a stoploss, the title of this discussion should be amended to "Trading without (hardly ever hitting) a stoploss. Think of how rich we would all be if we were almost never stopped out of a ...

Trading Without a StopLoss

I believe the Japanese will take the UJ to 121 as quickly as they can get it there. I'm 4 lots long on UJ and might be 10 lots long by the time we get there. They were able to boost their inflation rate up to 3.7% in May, but it's fallen steadily ...

Multi-Lot Multi-Timeframe Position trading

In the end I close my trade when I see it's not working. It may be at only -5 pips, or it may be at -49 pips with a 50 pip stop, depending on the trade. If I can see a trade isn't working at -10 pips and not wait until it hits -50, I've saved 40 ...

Trading Without a StopLoss

I'm thinking it's probably impossible to predict the amount of choppiness in the future of the market. The only known factor is past performance and there are almost as many unknowns about the future as there are traders. As far as measuring it in ...

Choppy market index: any good ideas?

Thanks for the detailed reply. I consider this an important subject. Most successful traders don't win any more than unsuccessful ones. Successful traders just find a way to lose less than unsuccessful ones, and that's the subject of discussion. Can ...

Trading Without a StopLoss

I respectfully disagree. I don't think this is a religious or philosophical issue. I think it's a math problem and it has a deterministic answer. I see no mathematical advantage to hedging at all. Let me suggest an alterative that does have a ...

Trading Without a StopLoss

Glad you got something out of it MK5. In the end, making pips is kinda easy. Not losing pips is really hard. The successful traders probably don't make any more pips than the unsuccessful ones. The successful traders just don't lose as much as the ...

Multi-Lot Multi-Timeframe Position trading

Glad it's going well for you MarshalMax. Keep entry costs VERY low and pile on the good trades when they are going well. Be prepared to reduce risk real quickly when it turns, and it always does eventually. I can't say when things are going to turn, ...

Multi-Lot Multi-Timeframe Position trading

So, what was the point of this little exercise? Three entry attempts. One went against me right from the start and I exited -7 pips including spread. One went up a little and retraced back to the entry and I exited BE. One kept going past the entry ...

Multi-Lot Multi-Timeframe Position trading

Yes, I can't get ahead scalping. The robots are killer at that, but I would not make a good robot. AJ just climbing a bit above entry now. If it gets up just a few more pips I'll set it to BE and have two free trades running for the cost of 8 pips. ...

Multi-Lot Multi-Timeframe Position trading