Yes, I believe you are have it. Since you are short, you take profit off only the oldest, or most profitable lot on an impulse down when it is most profitable. Those pips aren't yours yet, but you have a little better than a 50/50 chance of keeping ...

Multi-Lot Multi-Timeframe Position trading

Yea, I got burned trying to jump right back into this trade after making a great profit last week. It was a little burn, but still, once burned, twice shy. I'll want to be very sure it's returned to longer term trends to try it again. G

Multi-Lot Multi-Timeframe Position trading

Hi Keith. You can hold the trade until you have a good pre-determined reason to exit. That might be that you have hit a stop loss that you set going into the trade. NEVER increase your stop loss while in a trade. You can close because you have hit a ...

Multi-Lot Multi-Timeframe Position trading

Hey MarshalMax. Yes, yesterday didn't give any entries. Reversals in the USD cost me a few pips. I was a little impatient to go long USD so early in the week and the market punishes impatience harshly. Entering ACad long now as it satisfies my ...

Multi-Lot Multi-Timeframe Position trading

Hey Needy! Great to see you here. Yes, the USD collapsed early this week with profit taking. I'm down a little for the week. This is the reason to wait until the markets have had a turn at the price before taking trades. It's a good rule. Couldn't ...

Multi-Lot Multi-Timeframe Position trading

Yes, a typhoon is crossing over Japan and Australia market is closed for a holiday. Expect thin and erratic trading until London opens. Resting while the market straightens out. G

Multi-Lot Multi-Timeframe Position trading

STEP 2 cont: Pulling the weeds Five trades based on strong dollar is a bit much. I'll delete the weakest and save my capital for something acting better later. Dumping the weakest, AU short at -25.

Multi-Lot Multi-Timeframe Position trading

Welcome AlbinaGrande. Glad to have you aboard. Feel free to post questions or comments.

Multi-Lot Multi-Timeframe Position trading

STEP 2: PULLING THE WEEDS I said in an earlier post that I thought I could identify a bad trade before it went more than 30 pips against me. That's pretty optimistic, but let's see how well I can do. The goal is to eliminate weak trades as soon as ...

Multi-Lot Multi-Timeframe Position trading

STEP 1: BUILDING A BASKET Market is open, scanning for entries. Sometimes I'll come up with no possible entries. That's ok. I wait for the market to come to me. Today there are several. I come up with 6 possible entries, all of which look pretty ...

Multi-Lot Multi-Timeframe Position trading

Yesterday was a picture perfect Chamber of Commerce day here in Houston Texas, Energy Capital of the World. Today is also just beautiful. Going out to enjoy this great weather some more. Later, when I come back, I'll start scans. I'll try to post ...

Multi-Lot Multi-Timeframe Position trading

These days, I'm usually swing trading. For the most part, I enter trades early in the week like Monday and Tuesday, hold them until I make 3 to 5% and sell them before the weekend. On some occasions I enter on Tuesday and my week is done by Wed. ...

Multi-Lot Multi-Timeframe Position trading

Glad to hear you were able to bounce right back from that dip in the USD MarshalMax. I've traded the Guppy and also several combinations of stoch. On one of my charts somewhere I still have a multiple stoch, where stochs of several different periods ...

Multi-Lot Multi-Timeframe Position trading

Exited EU short and UJ longs for nice pips this morning. Wanted to just take profit on UCad long, but it was moving steadily in my favor so I set a 30 pip trailing stop on it and just let it run a bit. I've already locked in more than my 5% profit ...

Multi-Lot Multi-Timeframe Position trading

MarshalMax, I think this is the post you are referring to? This is quite different than what I do, so I'd have difficulty in evaluating it. It would take lots of backtesting and trading under many different market conditions for me to make any ...

Multi-Lot Multi-Timeframe Position trading

Sorry to hear that MarshalMax. This is the reason I'm so quick to take an exit when the market moves against me unexpectedly. I've been killed in the markets more times than I can count by hanging in there with large trades and watching while the ...

Multi-Lot Multi-Timeframe Position trading

Thanks Lemna. Yes, looks like the dollar slaughter is about over. I'm getting good signals now on both UCad and UJ long. Trying a second lot on UCad now, and if UJ can maintain it's recovery I'll probably go in there as well. My EU short rode ...

Multi-Lot Multi-Timeframe Position trading

Bloodied but unbowed. Looks like the dollar found some support. Betting it will hold. Gone to Galveston today. Be back later.

Multi-Lot Multi-Timeframe Position trading

Very high volatility this morning. Several things going on. As UJ hit the Big Round Number of 110, several large Take Profit orders triggered. That caused lots of stops below to trigger and price may cascade down until some buys support it, right ...

Multi-Lot Multi-Timeframe Position trading

Yes, I was short 2 lots on AU for the last two days based on longer TF trends, but I got tired of waiting on it to continue it's move down and bailed out with very small pips earlier today. Of course, then it moved down 70 pips. I'm happy with my ...

Multi-Lot Multi-Timeframe Position trading