Hi Nogames. Good to hear from you. You are correct, everything starts with a good entry. The GN should have been a good trade, but the volatility was very high on it. Just the H4 ATR was 80 pips. Compare that to the EU that only had an H4 ATR of 28 ...

Multi-Lot Multi-Timeframe Position trading

I was just surfing topics about trading today when I came across an interesting article. A top trader had a great method of letting his profits run. Once he was well ahead on a trade, he would just leave it on and take the rest of the day off. Some ...

Multi-Lot Multi-Timeframe Position trading

Well, I never got the perfect EU short exit, but since it's Friday and I wanted to reduce risk over the weekend, I took the oldest lot off at +125 pips anyway. Not bad to have a plan not work perfectly and have to settle for +125. I had earlier ...

Multi-Lot Multi-Timeframe Position trading

And what does all this waiting get us? More pips! Now it's satisfied the spacing rule, a minimum of 50 pips between my newest lot and where another would go on right now. But I still haven't got the retracement signal on the RSI yet. So, what do I ...

Multi-Lot Multi-Timeframe Position trading

When I get to this point, I have a few questions to ask myself. First, do I even want to take a lot off in profit right now? After all, one of the four tenants of good trading is "Let your profits run". So, how long should I let them run? Well, ...

Multi-Lot Multi-Timeframe Position trading

So, the 3-lot EU short has completed another profit cycle and I'm ready to take another lot off at about +115. It looks like this now: image

Multi-Lot Multi-Timeframe Position trading

Thanks for the feedback rew2k7. Welcome aboard!

Multi-Lot Multi-Timeframe Position trading

We had talked a bit about trends getting smaller over time. Here is a chart of the Monthly EU for the past 7 years or so. While it's clear trends are getting smaller over time, they can still swing 1500 pips or so, plenty enough for retail traders ...

Multi-Lot Multi-Timeframe Position trading

See how boring this is, just taking off 100 pip chunks of profit over and over all day? Ho Hum. Good trading should be very profitable and very boring. If you find your self excited. Close everything and go get your oil changed or mow the yard or ...

Multi-Lot Multi-Timeframe Position trading

And backing out to the M30 to give a more clear picture of the three-lot short cycle set-up now. image

Multi-Lot Multi-Timeframe Position trading

And here is where the new lot is placed back on as the RSI crosses below the 50% line giving a short sale signal: image

Multi-Lot Multi-Timeframe Position trading

Now since we know precisely where the remaining two lots would go negative, with stops right in the middle of the two, we can set stops to BE and let this thing run on it's own while we do something more fun than taking pips off trades in 100 pip ...

Multi-Lot Multi-Timeframe Position trading

And here's M15 EU after the +115 pips are taken off as profit. Now I wait for a buy signal with a cross of the RSI back below the 50% mark to put a fresh lot on, thus completing one round of the cycle. The cycle repeats until the remaining two lots ...

Multi-Lot Multi-Timeframe Position trading

The EU M5 looks like this with a cross already of the RSI coming above the 50% line and a 5emaX10sma confirmation giving a sell (while it's still) high signal: image

Multi-Lot Multi-Timeframe Position trading

So, another example. Running the 3-lot cycle on EU short. Getting ready to take +115 profit off the oldest lot EU short and add a fresh lot on. The EU M30 looks like this: image

Multi-Lot Multi-Timeframe Position trading

Nice indi Hodgires. Thanks for the contribution!

Multi-Lot Multi-Timeframe Position trading

So when trading this, here is a situation we come across quite often. Price turns down and Take profit signals are flashed with crosses of 5emaX10sma and RSI(10) falling below 50%, but we aren't far enough ahead on the largest lot to take profit ...

Multi-Lot Multi-Timeframe Position trading

Wow, that's great Nefser. Slow and steady wins the race. This multi-lot trading is like dynamite. It's a very useful tool but it has to be handled carefully or it can blow up an account. I'm watching other pairs too, but taking it slow today. I just ...

Multi-Lot Multi-Timeframe Position trading

Not seeing many good trades this week. I suppose the Middle East problems has the markets all jumbled up. So, I wait... GN long looking good now, checking deeper... Looks good on currency strength chart. This is the only good trade I've seen this ...

Multi-Lot Multi-Timeframe Position trading

Thanks Nefser. I always suggest that everyone prove out their system with either Demo accounts or very small positions, like 0.01 lot or less per trade. That can take years of study and practice and you want to save your big capital for investing ...

Multi-Lot Multi-Timeframe Position trading