Thanks Jackenorme. Yes, we want to keep this as simple as possible. Extremely complex systems with many subjective elements are likely to lead us down endless blind alleyways. A winning system should only be as complex as necessary, but no more. If ...

Multi-Lot Multi-Timeframe Position trading

Very reasonable. Everyone can't get rich, since it's a zero sum game. In fact, the vast majority will lose a little so a very few can get very rich. Of course, all things do change in time. The Euro will go back up eventually. It must if it's not ...

Multi-Lot Multi-Timeframe Position trading

Greetings Landsat. The 100 period quadratic regression I use is just a common least squares curve fitting technique which is a polynomial regression of the 2nd order using the past 100 data points. It has the form y=ax^2 +bx + c and usually yields ...

Multi-Lot Multi-Timeframe Position trading

I have no problem defining a trend. It is simply a series of higher highs or lower lows. I think that is more significant, much more so, when it is happening across multiple timeframes. But a trend in only one timeframe is still a trend in that one ...

Multi-Lot Multi-Timeframe Position trading

I see your point. Trading FA is different than just trading the news. The current paradigm for the EU is the Euro is weak because of banking problems and unemployment and other bad economic and political issues and that the USD is relatively strong ...

Multi-Lot Multi-Timeframe Position trading

Of course, I'm not claiming this is foolproof. Anyone who hasn't traded long term position trades before should test it out for themselves first on a demo account or at a penny a pip. If you have another edge that works fine for you, I can ...

Multi-Lot Multi-Timeframe Position trading

GEfx, I don't mind a lively discussion, as long as people are polite and professional. This is a discussion forum. I understand there are many right answers to the question of how can I profit from Forex. As far as the merits of Technical Analysis ...

Multi-Lot Multi-Timeframe Position trading

Wow, that's great! Any suggestions for us? Sounds like you are well on your way. Best success in the future. G

Multi-Lot Multi-Timeframe Position trading

Cutting losses short is a critical part of successful trading. Anyone that claims they can trade without losses hasn't been trading very long. Losses are an inevitable component of trading. The goal is to keep them as small and as far apart as ...

Multi-Lot Multi-Timeframe Position trading

We've discussed trends a lot here in the past few days. I dearly LOVE long running trends that run for months or years. All the big successful traders I know of trade that way. They don't get shaken out of a good trade on a small dip following some ...

Multi-Lot Multi-Timeframe Position trading

That's a very good point fartist. I don't use pinbars or any candle formations in my trading. They are usually used by traders trying to catch reversals at the tops and bottoms of trends, which almost always ends in disaster. Just think of the odds ...

Trend Trading System

Well, it is a risky business after all. But the risks can be managed in many ways. For instance, I don't initiate a trade on fundamentals. I wait for a solid trend to develop, then I look to see if there is a solid fundamental reason for it. ...

Multi-Lot Multi-Timeframe Position trading

How rude! To accuse me of after the fact analysis. I posted this here Sept 3, post 98, prior to the ECB announcement. Check the time if you like: " It not hard at all to learn why the Eur/Usd has been trending down for the past several months, ...

Multi-Lot Multi-Timeframe Position trading

This just doesn't seem that complex to me. The problem is you are looking in the wrong place for your answers. No chart, indicator or manipulation of price data can predict the end of a trend in advance. Only a basic understanding of the fundamental ...

Multi-Lot Multi-Timeframe Position trading

Well, I can tell you exactly "why" the Euro went down today. The ECB decided to spread Euros around to avoid a recession. I see a clear cause and effect relationship there. I can understand the "why" for something like 20 to 30% of long term trends ...

Multi-Lot Multi-Timeframe Position trading

I've been trying to simplify, objectify and improve my method for quite a while now. What could be a more objective trend criteria than the 5ema crosses above the 10sma and the RSI goes above 50% for an uptrend? Of course, most trends are very ...

Multi-Lot Multi-Timeframe Position trading

Lots of data out on the DailyFX calendar today. Mostly bad for the Euro. Mostly good for the USD. This would have caused a crash in the Euro had The ECB not preempted it by announcing QE earlier. They didn't have much choice. They either had to ...

Multi-Lot Multi-Timeframe Position trading

Welcome aboard Msmarple. Thanks for the kind words. Any comments or suggestions you might have are appreciated.

Multi-Lot Multi-Timeframe Position trading

Just one edit to make a correction. I just realized I plotted a 3ema cross over the 10sma on the above charts. That's because it was plotted on top of what is normally my "Naked" chart to display here and I made a mistake with that. I normally use a ...

Multi-Lot Multi-Timeframe Position trading

If there are no comments, I'll just ramble on. So why trade trends? Well, you have the options of ranges, trends or reversals. Ranges are just trends on a shorter timeframe. So trading from support to resistance on a weekly chart is just like ...

Multi-Lot Multi-Timeframe Position trading