Once more unto the breach, dear friends, once more... Re-entered EU short on M15 RSI cross down below 50% image

Multi-Lot Multi-Timeframe Position trading

That's great MarshalMax! Steady as she goes. Keep risks under control. Really, your kicking butt! I hope everyone here can get on that bandwagon. Keep me posted on how it's going. I've got another trade going on UJ long right now. I also re-entered ...

Multi-Lot Multi-Timeframe Position trading

Difficult questions because so much depends on your own personal trading style and the character of the market at that moment. Markets an be very dead and 20 pips is an adequate amount to see if a trade is working, or they can be volatile and it ...

Multi-Lot Multi-Timeframe Position trading

Yes, 5% a week compounded is a huge return. I just figure if I have a shot at a huge return, I should take it. The rule has served me well, but you might need to adjust it to be in-line with your money management. Even 3% in a week is an outstanding ...

Multi-Lot Multi-Timeframe Position trading

Hi Nogames. The best trades tend to go positive rather quickly. I tend to bail out quickly if price reverses soon after my entry, but each trader needs to find their own comfortable method. I can always re-enter later if it turns out to be just a ...

Multi-Lot Multi-Timeframe Position trading

And it looks like this with 3 lots short and the stops adjusted. Now, I wait... If price moves against me, my rule is to exit all to preserve my 5% gain for the week. Hopefully it won't move against me that much, but if it does, I must follow my ...

Multi-Lot Multi-Timeframe Position trading

Third lot on at the end of this tiny retracement. But 5% rule is in effect for the remainder of the week so I do need to be careful here. image

Multi-Lot Multi-Timeframe Position trading

Massive pips while I slept. Spacing is ok now to put a third lot on the EU short. Now just waiting for retracement up to start to end to "sell high". There is only one problem. There always seems to be just one problem, doesn't it? I have a 5% rule. ...

Multi-Lot Multi-Timeframe Position trading

Yes, MarshalMax, that's what I try to do. That always assures that I am buying low and selling high, the essence of profitable trading. I've also run many trades on a pair, but big reversals do happen. They must if price isn't going to go to zero or ...

Multi-Lot Multi-Timeframe Position trading

You are most welcome to ask questions at any time rew. I'll emphasize again that trading is very risky and you could lose all your capital trying it. These things should only be tried in demo or with the very smallest lot sizes you can find. If they ...

Multi-Lot Multi-Timeframe Position trading

Sure rew2k7. I have moved from trading shorter term, hours or a couple days, to longer term, days or a couple weeks. There were a few reasons for that. One is I just had to get away from the screen more and this way I can be away for hours at a time ...

Multi-Lot Multi-Timeframe Position trading

After the third lot is placed on, the stops will be trailed again to just between the oldest two lots so they would break even on any major reversal and I'm purposefully a little slow to do that. With profits locked in and risk less than profits in ...

Multi-Lot Multi-Timeframe Position trading

You can see I have already trailed stops a bit so I was only risking the newest lot's sl at that point. In case of a major reversal, the oldest two would have stopped out BE. We want to buy low and sell high during this process. Since this is a ...

Multi-Lot Multi-Timeframe Position trading

MarshalMax, here's my Take Profit method summarized as best I can. You said you can get multiple trades on and ride the trend well, so let's take it from there. This example is taken from my live trading posted earlier. The goal is to always buy low ...

Multi-Lot Multi-Timeframe Position trading

Greetings MarshalMax. I suppose there are many ways to take profits off. I discussed my method a bit in previous posts, but I'll detail it here again tomorrow. It's now way past my bedtime. Welcome to the thread G

Multi-Lot Multi-Timeframe Position trading

Good idea to use a spreadsheet to keep things in order. Thanks for the contribution! G

Multi-Lot Multi-Timeframe Position trading

Glad to hear you are in profit Dallytrader. Congrats on that! I don't advocate trading without a stoploss. It works well for a little while, then the law of large numbers catches up with you and a trade runs against you so far it wipes all of your ...

Multi-Lot Multi-Timeframe Position trading

Yes, the currency strength meter lags price action a lot. I just use it to eliminate trades that don't line up with the philosophy of trading strong vs. weak. So for instance, perhaps the EJ looks like a good trade from trends, but if both the Euro ...

Multi-Lot Multi-Timeframe Position trading

I'm going to recommend you to something that may help you to select better entries. This is the 100 period regression line that I gave Landsat earlier. Here is the link: url Use this as your primary indicator when looking for trends heading the ...

Multi-Lot Multi-Timeframe Position trading

If you are getting kicked out of good trades too often on a BE, then you are probably going to BE to soon. Double the distance you are using to set to BE and that problem should go away.

Multi-Lot Multi-Timeframe Position trading