I will rarely quickly re-enter a trade that opens with the same strong trend as it closed the previous week. My w/l is better if I let the market settle a bit before I enter, but if all the requirements are met and it's a good strong trend with no ...

Multi-Lot Multi-Timeframe Position trading

The markets kinda stink today. That's typical for a Monday. Often I won't take any trades until every market has had a turn at price. I know of traders that take no trades on Monday at all. Monday is a study day for them and they start their trading ...

Multi-Lot Multi-Timeframe Position trading

Well, you made a profit the first time using this method then, yay! I also often close out my trades at the end of the week. This week I made about 2X my minimum target for the week, so I just took profit on all except one position trade. I know ...

Multi-Lot Multi-Timeframe Position trading

Yes, in general trends seem to be about half as long and as deep now from what they used to be prior to 2009 and it seems the trends are getting smaller each year. No doubt central bank intervention attempting to stabilize currencies after the ...

Multi-Lot Multi-Timeframe Position trading

Nogames, this is my main income. I dabbled and studied for about 10 years, then traded part-time in stocks, commodities, futures and options for about 20 years, and I've now been in currencies for about 10 years. I wake up early every day and I ...

Multi-Lot Multi-Timeframe Position trading

Looks like a good entry to me nogames. Keep us posted on your progress. Taking off for the day, Be back later.

Multi-Lot Multi-Timeframe Position trading

And those two lots stopped out overnight, but I still have the 74 pips in my pocket profit from the oldest lot that I closed. And that's a trade start to finish. It would have been nicer to watch if it had run a little longer to follow more action ...

Multi-Lot Multi-Timeframe Position trading

This on the newswires just now: Mario Draghi is facing renewed pressure to implement quantitative easing after banks borrowed less than estimated in the European Central Bank's first targeted-loan offer. The Frankfurt-based ECB lent 82.6 billion ...

Multi-Lot Multi-Timeframe Position trading

This wasn't my best trade of the day, GJ was actually much better, but since I chose this one early on to use as an example I'll stay with it. Now with a pocket full of pips and knowing there is absolutely no risk riding at all, I'll rest easily as ...

Multi-Lot Multi-Timeframe Position trading

And here is the EJ long on the H1 after the bottom lot has been taken off for profit and a new lot has been added on top. If you want to trade more, you just don't take the bottom lot off and put one on top for the next cycle, so you are trading ...

Multi-Lot Multi-Timeframe Position trading

Thanks DanC. I'll put up another chart before bed. Now I have to get back to my guests.

Multi-Lot Multi-Timeframe Position trading

Oops, was entertaining guests and missed my re-entry a bit, but here it is on the M1 as the RSI re-crossed the 50% line indicating a re-entry since the M5 never crossed below. If it had, I would have had to wait for it to clear above the 50% line as ...

Multi-Lot Multi-Timeframe Position trading

This is the way it looks on the H1. Note the sl has been moved up so there is no real risk in the trade anymore. I have pips in my pocket and I'm just waiting for the retracement to end to put the next lot on. image

Multi-Lot Multi-Timeframe Position trading

The bottom lot was taken off just as the retracement began. Now see how the rsi has dropped below the 50% line on the RSI? The next new lot is put back on when it crosses back above the line on this M1, as long as it hasn't crossed below on the M5. ...

Multi-Lot Multi-Timeframe Position trading

A tiny retracement begins. I'm taking the bottom lot off here since it's near bedtime. I took LOTS more pips off the GJ long, about 160 pips, but since I was using this one for an example, I'll stay with it. image

Multi-Lot Multi-Timeframe Position trading

Here's EJ H1 long ready for the third Lot to be put on: image

Multi-Lot Multi-Timeframe Position trading

I entered the trade with only 60 pip stops since I've already made my target profit for the week and I have no intention of losing it back. Now that it's going my way, up about 8 and 26 pips on the first two lots, I'll reduce my stop to only about ...

Multi-Lot Multi-Timeframe Position trading

Euro is much stronger than Jpy, so a long trade is trading strong against weak. That checks. Now it's fundamental gut check time. Is it likely that the Jpy will get much stronger quickly? No, the Japanese have made it very clear they want the Yen to ...

Multi-Lot Multi-Timeframe Position trading

It is solid up on every timeframe except this monthly chart. We don't worry about how long the trend has been running. Sometimes these things run for years. The future is uncertain. Since it's going up on every timeframe except monthly, we can say ...

Multi-Lot Multi-Timeframe Position trading

Finally, after 10 pages of rambling to eliminate the weak willed, we are ready to trade. I'm not a signal service, so don't take my trades. I'm trying to show a few people my method of fishing, not to catch the fish for them. These trades are only ...

Multi-Lot Multi-Timeframe Position trading