EJ and ChfJpy longs both now 70-80 pips ahead. Second lots placed on. These will also wind up as, small wins or losses or BE trades or 3 lot position trades as NJ long did. Odds are they will exit BE or with small profit or loss as most of these, ...

Multi-Lot Multi-Timeframe Position trading

Update on NJ Long: Price has pushed through trendline resistance. Up +325 on the 3 lots on the pair total for an total risk of 25 pips. If price retraces I'll take about 100 pips profit off by closing the last two lots placed on the pair leaving the ...

Multi-Lot Multi-Timeframe Position trading

Overall, My entries are simple. I'm simply entering on good momentum and breakouts on the mid and lower timeframes. I will always enter with the trend direction of the longer term trends, like Monthly, Weekly and Daily. If the trade fails, I want ...

Multi-Lot Multi-Timeframe Position trading

Here I'm planning to leave the computer for a while and I don't want to risk a loss with trades that were well into the pips, so I've adjusted the stops to take some profit if things go very bad in my absence. I don't know of anyone who ever got ...

Multi-Lot Multi-Timeframe Position trading

As promised, Here is a 3-lot trade. It's NJ long. If you look at the monthly, weekly and daily you will see they are all trending strongly up. In this trade, I put on three lots, each about 75 pips apart, with about 25 pip stops. I put on Donchain ...

Multi-Lot Multi-Timeframe Position trading

Good question. You are speaking of the Equity Millipede thread. It's an excellent thread. I've been trading multi-lot and multi-timeframe for many years, but I have read the thread and it has influenced or at least reinforced my thinking toward ...

Multi-Lot Multi-Timeframe Position trading

EG short on watch list. Longer timeframes all moving down. Shorter Timeframes moving up. Watching for shorter tf's to turn down to rejoin longer term trend.

Multi-Lot Multi-Timeframe Position trading

One thing to note is that this is a very long term position trading strategy. There is no way to rush it. Just taking more bad entries does not help establish more good positions. Generally, I can establish only about 1 position trade a week. Last ...

Multi-Lot Multi-Timeframe Position trading

Smash, I don't think anyone has to take a chance on messing up their short term trading to use this method. if you are trading shorter timeframes, trade as usual. If the trade is a successful counter-trend trade and makes, say 50 pips, take it and ...

Multi-Lot Multi-Timeframe Position trading

Good tool Jackub. Thanks!

Multi-Lot Multi-Timeframe Position trading

Good Question! My entry requires that Weekly, Daily, and H4 be trending in my direction already. In addition, I like some indication that Monthly could trend in my direction. Since they are already heading in my direction, there is no need for me to ...

Multi-Lot Multi-Timeframe Position trading

Did the two lot exit thing on GCad for +20. Took AJ and it took off in the wrong direction so exited for -20. Moved EJ short to BE and put a second lot on. Darwinism continues. Still looking for that first 3 lot trade of the week. When I get three ...

Multi-Lot Multi-Timeframe Position trading

As suspected the two lots of EN stopped out at +20 pips total profit. Most of these trades will stop out at BE or with small profits. Only the best will continue on to the next level. It's Darwinist trading. Only the strong survive. It wasn't great ...

Multi-Lot Multi-Timeframe Position trading

OK, here's an example. I have to leave the computer for a couple hours to take my afternoon nap. EN bounced off the support as I thought it might and I don't want to take a loss while I sleep, so I have reset both stop losses to exit both lots and ...

Multi-Lot Multi-Timeframe Position trading

Thanks Jackub. I hope this is making sense. I've posted an example of putting a second lot on a trade and moving the sl to BE. I'll post some examples of putting on a third lot as things go well on some pairs and of exiting trades for small losses ...

Multi-Lot Multi-Timeframe Position trading

Thanks for the encouragement. Let's hope we can all work together to make this fantastically successful.

Multi-Lot Multi-Timeframe Position trading

No problem Smash. If you are successful at short term trading, then you already have the tricky part of this figured out, entering trades that quickly go in your favor. Entering this is just exactly like your short term trading. The only difference ...

Multi-Lot Multi-Timeframe Position trading

I have a total of 9 lots trading now on 6 pairs. That's overly aggressive since I've only been trading this basket for two days. I'm up +300 pips at the moment, but I need to slow down on taking new trades and adding additional lots to existing ...

Multi-Lot Multi-Timeframe Position trading

So, say we put a first lot on and it went to +60. We moved the sl to BE and put a second lot on and it went to +75. We moved the Stoploss to BE and put a third lot on. Price reverses and we start to lose. We simply exit the 2nd and 3rd trades for a ...

Multi-Lot Multi-Timeframe Position trading

So, the first reason to exit is the trade goes against us right away. Cut those losses very short so they can easily be made up for with small wins later. The second reason to exit is price reversed and came back and hit a stop loss previously moved ...

Multi-Lot Multi-Timeframe Position trading