Good decision. I'm in the same situation and will probably do the same thing, taking some big chunks of profit and leaving some to ride over the weekend. Once you have done this for a while, you will gain confidence in your methods and be better ...

Multi-Lot Multi-Timeframe Position trading

Yes, I am looking for good trending in all timeframes, or at least 8 of 9 with the one that isn't trending right to be showing a possibility of joining the prevailing trend.

Multi-Lot Multi-Timeframe Position trading

Yes, it's been tough out there. I reduced my trade size to 1/5th my previous size this week. I've also tightened up my trade criteria so I'm taking fewer trades right now. I'll increase it back when trading is easy again, but there's too much risk ...

Multi-Lot Multi-Timeframe Position trading

Yes, the market is starting to line back out. You can start to sense these market swings after a time. I finally have three trades on, UJ, UChf long and EU short. All are at two lots now. I'll either bail quickly near BE on all three or put a third ...

Multi-Lot Multi-Timeframe Position trading

It's usually darkest just before the dawn. Just about the time you think you'll never catch a good trend again the market will take off. I have 4 very small test trades on now, EN, EU short and NChf, UChf long. They are all positive at the moment, ...

Multi-Lot Multi-Timeframe Position trading

Yes, recently like in the past month or so trends just haven't been persisting well. If you look at EU, AU, GU weekly, they are all about in the range of where they were a month ago. The month before they were all racing down nicely as the dollar ...

Multi-Lot Multi-Timeframe Position trading

Went flat for the weekend. I see no compelling reason to take the risk of the weekend gap as I can re-enter Monday for just a few pips.

Multi-Lot Multi-Timeframe Position trading

Yea, hard to say, head fake, reversal? It's still making a series of lower highs and lower lows which defines it in a downtrend for the moment. The previous lower high around 10/9 was 1.6226 and if price crosses above that it's no longer in a ...

Multi-Lot Multi-Timeframe Position trading

Go one timeframe down, to the GU H4, and the stoch will tell you the retracement in the downtrend is ending and it's about to take another leg down. Of course, the stoch wont give you your money back if it's wrong. Move up to the Monthly and you see ...

Multi-Lot Multi-Timeframe Position trading

Most of my trades are inside the week. I will carry over a lot or two now and then just because the trade looks so good. So, for instance, I have two lots on AChf long right now and the trade looks pretty good. If I'm still it by Friday, I may cash ...

Multi-Lot Multi-Timeframe Position trading

Once again, our goal is to avoid being caught on the wrong side of a major reversal and losing back most or all of our profits. Before stops start tripping, let's ask ourselves, is there any fundamental Headline News driving this retracement? If the ...

Multi-Lot Multi-Timeframe Position trading

Initially, the only way we can tell the difference between a temporary retracement and a major reversal is by observation of fundamental factors and market dynamics. Markets normally breathe in and out as price follows the trend. It's normal to have ...

Multi-Lot Multi-Timeframe Position trading

Yes, reversals out the wazu. It seems we caught another case of Ebola as well as had some bad economic news. Those things happen, but the question is how to deal with it and not get knocked off the rails. There are two sorts of bad situations that ...

Multi-Lot Multi-Timeframe Position trading

Let's not be greedy now. There will be setbacks. I'll discuss some in a post below G

Multi-Lot Multi-Timeframe Position trading

I'd want at least 8 of 9 timeframes trending in the same direction and even better is all 9 trending in the same direction. At that point I'd be looking at short timeframes as I make my entry, like 1M 5M and 15M, just to make sure price hasn't just ...

Multi-Lot Multi-Timeframe Position trading

Thanks! I'll look into it.

Multi-Lot Multi-Timeframe Position trading

I trade every timeframe between 1Min and 1Month. Each is an indicator of the same one thing, price movement. That's 9 indicators of the same thing. When they all agree, I take the trade. For instance, at this very moment, every timeframe in GU is ...

Multi-Lot Multi-Timeframe Position trading

Yes, it's rough out there. I have some long term S&P holdings that are getting the crap kicked out of them as well. Trading will eventually straighten out again, but last week and this week it's been very tough. If it doesn't improve, I'll reduce my ...

Multi-Lot Multi-Timeframe Position trading

Yes, it's funny how a simple little thing can make such a big difference sometimes. Be careful out there. It's a very volatile week with massive reversals and whipsaws. G

Multi-Lot Multi-Timeframe Position trading

The problem is that scalping is easy sometimes, giving the impression that there is easy money to be taken from it. It's just a random reinforcement though that resolves down to the gambler's fallacy. In fact, there is no easy money to be had over ...

Multi-Lot Multi-Timeframe Position trading