I've added second lots to pairs that were moving nicely now and moved the first entry stop losses to near BE. I'm also carrying a couple trades from earlier in the week for small gains. Total pips for this basket of trades is about +380 now. That's ...

Multi-Lot Multi-Timeframe Position trading

It's pretty clear the price went down to a support and bounced off it. The support is shown on the chart over to the very left hand side. If price penetrates that support and continues over the next few hours, we have the very beginnings of a good ...

Multi-Lot Multi-Timeframe Position trading

A Second Entry Has now been made, also with a stop loss of about 50 pips. That stop loss will also be moved to near BE once that lot is somewhere between 50 and 75 pips ahead. Additional lots will then be added at about 75 to 100 pips apart until ...

Multi-Lot Multi-Timeframe Position trading

If you took those trades, you should be nicely ahead now. Of course, that wont always be the case. Many attempts will fail or end near breakeven. Knowing that to be the case, we might want to put a small test trade in for the first entry. So if you ...

Multi-Lot Multi-Timeframe Position trading

Good Comments. I'll throw up some screenshots tomorrow. Thanks!

Multi-Lot Multi-Timeframe Position trading

If someone has a comment or question, I'll happily address it, otherwise I'll just move on. Trading is really a rather simple activity. We only do two things, enter and exit. Everything else is done for us by the market. Entries will always be ...

Multi-Lot Multi-Timeframe Position trading

The final element of this trading method is what I call multi-lot. You can call it multi-leg or pyramid if you like. The philosophy behind it is that nothing succeeds like success. If a trade is winning, add to it. As long as it keeps winning, we'll ...

Multi-Lot Multi-Timeframe Position trading

When I say position trading, I simply mean that I will take a position in a particular pair that agrees with my analysis and I will hold that position as long as there is some potential for additional profit. I may hold it for a very short time and ...

Multi-Lot Multi-Timeframe Position trading

So I'll give a quick example of how this works. Suppose every timeframe from 1 Minute to 1 Month is going up at the same time. That could be some sort of random event with no significance at all, or it could be caused by an underlying trend. If it's ...

Multi-Lot Multi-Timeframe Position trading

With that said, let's dive right into it. I'd like to outline my trading method and answer any questions about it. Then we should be able to work together to pick out the best trades for the participants of this thread. First of all, mine is a trend ...

Multi-Lot Multi-Timeframe Position trading

EUR down channel holds — Looks like the top trendline of the down channel has held (for now) at 1.3491 Trading signals moving to more nuetral position. All cashed in and on sidelines now.

EURUSD

EUR — Down channel top trendline says we are maxed out at 1.3491 but trading indicators say stay with it, price will penetrate channel and make sharp move upward. Massive profits taken off the table with just one small long left to ride it ...

EURUSD

EUR/USD Touching the top of the down channel — At 1.390 the eur/usd is touching the top of the down channel we have been in since early Dec 2009. No doubt there are lots of stops piled up just above the channel.

EURUSD

Steady EU Down Trend — Shorting rallies. Piramiding shorts. Ahead 200 pips. Stop in the money at .3343

EURUSD

Used that quick rally as ECB speaking to increase EU short position. Still riding a smooth trendline down longterm.

EURUSD

Euro long term down trend — The eur/usd broke below a retracement up trend on Ap 5 and has been in a very nice down trend since. This is just another continuation of a nice downtrend that started after the euro topped around Dec 2 2009. Not ...

EURUSD

The big picture — The eur/usd is in a monthly downtrend since the high back in Nov-Dec 2009. It's on a weekly downtrend since end of Nov 2009. It's in a daily downtrend since March 05 2010. It's in a 4 hour down trend since March 05, 2010, ...

EURUSD

Minimizing Spread — I also aim for one trade a day. It has worked well for me. I risk about 2% per trade and I think it works well because the spread cost is a small % of my win.

The best way to trade is one trade a day

Trendlines — RedRoad King has the lower TL spotted. The upper one goes back to Dec. Zoom out on the daily chart to see it.

EURUSD