Hi Armacom... In my group of traders half of us trade with bias and half don't, same strategy otherwise... both have pro's and cons and both's results are reliant on what the market decides.... in the group it seems most have made their decsions on ...

Building an equity millipede

mmm I don't think anyone is interested, but again, thanks for your opinion.

Building an equity millipede

also this post on no brainer trades, look at the relationship between winning and profit, even without adding positions if you can aim for great RR how it affects profit... url

Building an equity millipede

There was a trader on FF called Trader888 who was a trader for various large banks, his posts are well worth a read.. url

Building an equity millipede

I can see we have different opinions, but this is a thread for people who want to, or are interested in position trading so let's keep it on that subject.

Building an equity millipede

You can even do it on M15, pick a trend, wait for it to break the Asian range and sell the highs... Don't let anyone tell you it can't be done, most people lose trading intra-day with small RR...that is a fact. image

Building an equity millipede

Here is gold's move last week. Clearly a down trend - you could use the ma to define it, upto you. Then sell the high of each day on H1. Then at the end of the week close out the days most at risk and leave the weekly high. Simple and effective ...

Building an equity millipede

it's not true at all. You can scale it down to trading the extremes of daily on h1 then diversifying at the end of the week, there is no math that can say you need millions to do that anymore than to trade intra-day in and out of the market. Take ...

Building an equity millipede

the statement was "mathematically position trading is more profitable"... that is a fact. Were not talking about who can do this or that faster or who may or may not have 90% win rate, just the math.

Building an equity millipede

well done Vee... you're right of course, and Graeme summed it up perfectly "If its up then BUY, if its down then SELL. You would be amazed at what secrets are behind that sentence." So I have short positions in EA and GOLD for now and long positions ...

Building an equity millipede

It's all guessing, predicting, question is wether the trader is aware of that or not... Not sure religion comes into trading position trading or not, but the math say's it is the most profitable. Yes, you need to pick tops and bottoms, trade the ...

Building an equity millipede

week1 entry summary gold image ea image sp500 image gj image

Weekly/h4 trend trading - flow

week 1 results swing entries: EA +215 GJ -90 -87 +95 SP500 -121 -63 GOLD +189 NET: +138 Position entries: open: EA +294 +446 GJ +96 GOLD +165 losses: GJ -90 -87 SP500 -121 -63 NET: +640

Weekly/h4 trend trading - flow

The original point was that using previous price alone to predict future price is fatally flawed. That ruffled feathers because most people are relying on that alone. ......but anyway, what were really interested in is position trading and a break ...

Building an equity millipede

nice!

Building an equity millipede

very nice sir, exactly my thinking on entries, take low cost attempts to find the extreme, accept that you will lose no matter what you use and opt for the best RR.

Building an equity millipede

Added a GJ long, possible long trend resumption image

Weekly/h4 trend trading - flow

Sent first scout out on GJ... hoping for a new trend and new highs, will wait and see. Double entry to pay for position, much easier to let free trades run. H4 GJ image

Building an equity millipede

hope we can get back on topic, position trading, entry irrelevant.... I will keep posting my entries here, I'm attempting a gold short move, trend seems to be turning short again. H4 GOLD +230 image

Building an equity millipede

ok so you can guarantee that supply will be there next time? no you can't, supply and demand in the past is a clue, nothing more. Of course buying and selling moves the market we all accept that, but do you really believe that you can rely on what ...

Building an equity millipede