Greetings Fartist. As you may know, trend trading is something near and dear to my heart. You have an excellent thread going here and I'm looking forward to it's development. As to the short EU, I've been taking bites out of it for a while now and ...

Trend Trading System

In my own humble opinion, there probably isn't one "secret" method that will work for every trader. Each trader must find a method that works well for them, then perfect their money management and strategies around it. Most good methods will not ...

The Secret Indicator?

Any more questions? Comments?

Multi-Lot Multi-Timeframe Position trading

I study all timeframes. I typically buy when they all or at least most are in agreement, like 8 out of 9 say buy. I pay less attention to the 1 minute as it changes quicker than my usual trade duration of days to weeks, but I still consider it as I ...

Multi-Lot Multi-Timeframe Position trading

I've been busy with buying and moving into a new home, so please forgive my delay in responding to questions. Yes, I do consider correlations, but not the way you might think. For instance, if the Euro is weak due to fundamental factors, I might ...

Multi-Lot Multi-Timeframe Position trading

Win/Loss ratio is just one factor to consider. It's easy to achieve a win loss ratio of 80% if you have a very low reward to risk ratio. So, for instance, if you are willing to risk 80 pips to win 10, you would easily hit an 80% w/l ratio, but still ...

Is there a profitable strategy that works 80% of the time?

An important point is to fight for every pip on the entries. As I've said before, ALL the risk in this method is at the initial entry. After that trades are either risk free or have locked-in profit. Since entry losses are held small anyway, even ...

Multi-Lot Multi-Timeframe Position trading

Here's the NJ trade. As usual, a second leg is placed on when the first is around 2X sl in profit and the sl set between them. In this case, the first entry is for 2 lots and the second is for 1 lot, so if I stop out, I still get 20 pips for the ...

Multi-Lot Multi-Timeframe Position trading

This morning, I have added a second lot to NJ long. I also took two new trades in AJ and GJ long. Both of those were taken with only a 1 unit test lot and 18 pip sl, so not willing to risk much on a Friday. Both of the new trades were trending up in ...

Multi-Lot Multi-Timeframe Position trading

Hi Lizpet, nice to see you back. I was busy stacking up pips and didn't get back for the last couple days. Made about 7% profit this week and very happy with that. I did enter NU long, but it hasn't done well for me. It's currently -15 pips. I have ...

Multi-Lot Multi-Timeframe Position trading

Multi-time frame analysis yielding GJ and ChfJpy shorts as best trades on open. I'll usually wait for the market to settle after open for a bit before entering. Sometimes things reverse shortly after open.

Multi-Lot Multi-Timeframe Position trading

Hi Caldera. Yes, I think you have summarized the essence of my method. I'm sure the method can be automated, though I have never tried to do so. I do make changes on the fly, such as trade size, spacing between lots and stop loss size, which I vary ...

Multi-Lot Multi-Timeframe Position trading

Neither trade qualifies for entry under my particular set of strict rules. Maybe one or both will make 500 pips, but I just couldn't trade them. Why are you thinking of trading them?

1M lot size to be traded

Now at +427 pips profit on the ECad long trade. The max risk was 18 pips on the first lot, but I quickly added another to it, so call it 36 pips total. That yields about a 12:1 reward to risk ratio so far. I'd like to make 1,000 pips on this trade. ...

Multi-Lot Multi-Timeframe Position trading

You can adapt this fairly easily to work with two scans a day, one in the morning before work and one in the evening. Most of the best trends run for weeks or months, so it doesn't matter that much if your best entry shows up in this morning's scan, ...

Multi-Lot Multi-Timeframe Position trading

Dmostpips, that's great to hear. I'm excited to see what results you have with this method. If you can, post a chart of one when you get it going risk free or some pips locked into it so we can all enjoy. This method is rather like playing a musical ...

Multi-Lot Multi-Timeframe Position trading

Shorting AN. It's a very risky trade as AN tends to suffer huge retracements in it's otherwise long term downtrend. Still, I want to see if I can trade the downtrend in that pair. It's all about getting a good entry so I can move quickly to a risk ...

Multi-Lot Multi-Timeframe Position trading

Just for information, if you look at the monthly chart on ECad, you'll see this trend has been running for over a year, so anyone who tells you that you must get into a trend early to profit is wrong. In the markets, anything can happen at any time. ...

Multi-Lot Multi-Timeframe Position trading

Here's a 4-Lot trade to think about. There is a lot of strategy built into this trade. Initial entry was small for 0.2 Lot and 18 pip risk. This is a test. If it goes against me I call it a bad one and bail out quickly. If it goes in my favor more ...

Multi-Lot Multi-Timeframe Position trading

Thanks for the comment Lizpet. I don't have screenshots from previous trades saved, but as soon as I have something to post, I'll put it up here. Hope to be back soon.

Multi-Lot Multi-Timeframe Position trading