Yes, you will lose at first. I guarantee it. So trade the smallest position allowed so you can recover from the inevitable initial loss. When you think you have it all figured out, you will lose again, and again, and again. Finally, you'll get it, ...

Trend Trading

Yes, sweet. GJ long produced 500 pips in a week and is still rolling along. This last week has been good for trend traders. I managed to dig out 6 of these good swing trades over the same timeframe. They are long ACad, AChf, AJ, GChf, GJ and NJ. ...

Trend Trading

OK, if it works for you, that's what counts. I have to work very hard to get into existing trends and stay in them long enough to profit. If anyone has a problem with that, I might could help. Best success. - G

Trend Trading

I understand. We have different styles and trading objectives, so it's difficult for me to look at it from your perspective. My method is to never try to predict the future which I'm sure is impossible for me. I believe most systems that try to ...

Trend Trading

Zorn, that's all a bit too complex for me to follow. I try to keep things as simple as I possibly can (but no simpler), so I have less room to make a mistake. I don't have a trade in EU since I haven't gotten a clear entry signal yet. Recent moves ...

Trend Trading

That's great AG. Good to hear from you again. Don't skip over the direct price action confirmation. I know it seems all too simple, but it works for me. If this one doesn't work for you, I'd advise trying to find another one based on direct price ...

Trend Trading

You can trade 0.01 lots with $2,000 balance never risking more than 0.5% on a trade. You can't live off the profits, but odds are it will take many years to make consistent profits. It's a funny question and I get it a lot. People ask me how to make ...

Minimum Balance to Trade Full time?

Looking above on the AChf Daily chart in post 505 we see the familiar indicator of the 10 EMA crossing above the 50 EMA and the confirming direct price action 20 day rule counting off the highest close in the past 20 days, all confirming the long ...

Trend Trading

And here we flip up to the Daily Chart and look to see if it makes sense to begin following the Daily chart long term trend of the AChf : image

Trend Trading

Finally, let's tie all this together. If you look back at post 500 you'll see a live chart of my usual entry trying find a good trend. Stops are set to break even for the moment and price is accelerating upward (Positive second derivative for the ...

Trend Trading

Picking up some speed now. I'm not going to talk much about getting into a trend now, we've already discussed that at length and we can discuss it some more if anyone wants to. This is about letting profits run, a separate subject. We don't want to ...

Trend Trading

Well, I've thought this through. I want to present this final piece that could be called "Let your profits run" as clearly as I can. I don't know how many people will read it or give it a try or stay with it for years like I did to make it work, but ...

Trend Trading

It's not how many times you get knocked down that counts, it's how many times you get back up. url

Trend Trading

Sometimes I wait many hours for a trade to develop. I usually use the time to do research or just take a nap. Sometimes I like to draw pretty pictures. Here's one of a live trade on Achf long which is accelerating up at the moment as denoted by the ...

Trend Trading

Hi Renn, you said, "I guess you don't have an audience big enough to generate that kind of following but, why risk it? You never know how many people might actually follow your method or how popular or conventional it might become. Storms start out ...

Trend Trading

Hi Taigen. That looks like a good entry. Be patient with it. GU price has bounced off the higher bottom a couple times now. Usually when that keeps happening it eventually punches through and goes down to the next level, which would be quite a win. ...

Trend Trading

Before I continue, I want to point out that this thread is focused on maximizing profit from trend trading. I understand some people trade other systems and so the optimal exit method for them may not be the same as I present here. For instance, I ...

Trend Trading

Agreed. Many of the largest players in Forex aren't even interested in trading for a profit. Central banks, hedgers and large commercial transactions move the markets regardless of retail traders. We either "go along for the ride" or we are run over ...

Trend Trading

Wow, that got deep quickly. I almost went off on a rant about the nature of the Universe. OK, back to something lighter, making money. We went through reducing, controlling and eliminating (large) losses. My main point is that taking large losses is ...

Trend Trading

With all due respect, the Forex market is HUGE. Many times larger than the entire US stock, bond, futures, and options markets combined. I don't think that if everyone reading these posts were to take my exact same entries and exits it would make a ...

Trend Trading