I'll help a little, but you can do this easily. Look at the DailyFX Economic calander. Aussie GDP is up. The trade balance is better also (as signified by the green number). This stuff is really easier than most people would like you to believe. The ...

Multi-Lot Multi-Timeframe Position trading

So what does all this mean? A lot really. It means price is moving in a strong uptrend across multiple timeframes. It means that short timeframes jump around a lot, but if you are just patient and wait a bit they will line up in your direction if ...

Multi-Lot Multi-Timeframe Position trading

Finally, AJ Monthly is confirmed to be in an uptrend. The others were obvious at first glance. This one is a little more messy than the others, so the indicators help me with confirmation here. : image

Multi-Lot Multi-Timeframe Position trading

AJ Weekly is confirmed to be in an uptrend though it's a bit messy and the RSI and MA crossovers help to confirm the trend direction: image

Multi-Lot Multi-Timeframe Position trading

AJ Daily is confirmed to be in an uptrend: image

Multi-Lot Multi-Timeframe Position trading

AJ H4 is confirmed to be in an uptrend: image

Multi-Lot Multi-Timeframe Position trading

AJ H1 is confirmed to be in an uptrend: image

Multi-Lot Multi-Timeframe Position trading

AJ M30 is confirmed to be in an uptrend, even if you don't like this timeframe, it is: image

Multi-Lot Multi-Timeframe Position trading

I like the M15 for short timeframe indication. I always want the M15 confirmed in my direction for entry. Here, the RSI and the 3emaX10sma both confirm my visual call that this pair is in an uptrend: image

Multi-Lot Multi-Timeframe Position trading

The AJ M5 is much the same, an obvious uptrend. This is still a little short for trades designed to run for weeks or months, but it's good entry information. Why enter when price is moving against you on the short timeframes? Better to wait until it ...

Multi-Lot Multi-Timeframe Position trading

Let's look at a few charts, just for fun. I'll look at the AJ long I just mentioned from a technical perspective first. I like to keep technical analysis as simple as possible. I'll plot charts with just two indicators for reference, but you can see ...

Multi-Lot Multi-Timeframe Position trading

Good morning traders. I took some large profits off EA and EU shorts this morning and put some new lots on to work on them. If you read my previous wordy posts you saw the case I made for shorting those pairs. I suppose It would have been simpler to ...

Multi-Lot Multi-Timeframe Position trading

Fair enough Proximus. Let's see if I can address your comments. Of course, every tick on the chart represents a valid trade. Each is just as valid as the other. Indeed, I often do look at the tick chart, but it doesn't give me much perspective, like ...

Multi-Lot Multi-Timeframe Position trading

I'd like to get some feedback if anyone has a comment.

Multi-Lot Multi-Timeframe Position trading

The conclusion we have reached so far is that there is no way to trade completely random price movements for a profit. That effort leads to the "gamblers fallacy" which is worth reading about. Furthermore, the best statisticians using the best ...

Multi-Lot Multi-Timeframe Position trading

Thanks for the feedback DoubleStoch. Yes, Oanda allows multiple sub accounts and I have multiple brokers, so I can do just about anything I need to. I doubt the brokers are taking the other side of my trades, but if they can afford the losses that's ...

Multi-Lot Multi-Timeframe Position trading

If anyone wants to discuss any of these points, jump in at any time. Otherwise I'll just keep rambling on. A second reason that trending patterns may appear on a chart is "heard instinct". This is a non-random event and there is much discussion of ...

Multi-Lot Multi-Timeframe Position trading

Sometimes a series of higher highs or lower lows can just be created by random chance. This is like flipping a coin and getting three heads in a row. It tells you nothing about the likelihood of getting a heads or tails on the next flip of the coin. ...

Multi-Lot Multi-Timeframe Position trading

If we look around the internet we'll usually find a "trend" as being defined as a series of higher highs for an up trend and a series of lower lows for a down trend. This definition is correct, but it leaves a lot of questions unanswered. For ...

Multi-Lot Multi-Timeframe Position trading

Well I finished the month of August with no additional stopouts. It was a very good month for my account. Since there are no comments I'll move on to discuss trend trading a bit. To take full advantage of multiple positions one must catch some large ...

Multi-Lot Multi-Timeframe Position trading