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Attachments: Trend Smasher - Profitable Mechanical Long Term Position Trading
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Trend Smasher - Profitable Mechanical Long Term Position Trading

Well something tells me I am all alone here with having positions open as both here and privately (Skype) I have had quite a few mentioning they pulled out with 1000+ pips. For those who exited positive . Hopefully you will eventually gain enough confidence in the system to stick through until exit signal... backtest, forward test, whatever! Just do your homework!

Tonight I am adding onto GJ from Friday's uptick. I didn't have the chance to do so Friday but it's all good. Getting in at a bit of a lower price too which is nice. GBPJPY is now maxed out with 3 positions.

Happy trading all!
Daemien,

No, your not alone with opened positions. I am following the rules and will not close until I get the exit signal.

TimeFreedom

Quoting Daemien
Well something tells me I am all alone here with having positions open as both here and privately (Skype) I have had quite a few mentioning they pulled out with 1000+ pips. For those who exited positive . Hopefully you will eventually gain enough confidence in the system to stick through until exit signal... backtest, forward test, whatever! Just do your homework!

Tonight I am adding onto GJ from Friday's uptick. I didn't have the chance to do so Friday but it's all good. Getting in at a bit of a lower price too which is nice. GBPJPY is now maxed out with 3 positions.

Happy trading all!
Brother Damien,

i am long on GBPCHF and have been for some time.. thats the only pair i entered on this system. i had the opportunity to exit gbpchf for about 600+ pips last week, but didnt and now am down about 270 pips and odd.. weekly chart trend is up, so here for the long haul.

there is a reaon why they say your trading room should be close to the loo

Quoting Daemien
Well something tells me I am all alone here with having positions open as both here and privately (Skype) I have had quite a few mentioning they pulled out with 1000+ pips. For those who exited positive . Hopefully you will eventually gain enough confidence in the system to stick through until exit signal... backtest, forward test, whatever! Just do your homework!

Tonight I am adding onto GJ from Friday's uptick. I didn't have the chance to do so Friday but it's all good. Getting in at a bit of a lower price too which is nice. GBPJPY is now maxed out with 3 positions.

Happy trading all!
Excellent guys - nice to hear! Now I don't feel so lonely up here

It figures coolshades - you went in on the one pair that is down right now. Not a gloat but just so you know this works - if you had entered on the full basket you would be at approximately +1500pips at the moment (this includes the negative from GBPCHF). It appears swissy has gained more strength than the pound lately. For what reason I don't know as I don't follow news... Hang in there!

*keeping fingers crossed*

Take care,

D.

Quoting coolshades
Brother Damien,

i am long on GBPCHF and have been for some time.. thats the only pair i entered on this system. i had the opportunity to exit gbpchf for about 600+ pips last week, but didnt and now am down about 270 pips and odd.. weekly chart trend is up, so here for the long haul.

there is a reaon why they say your trading room should be close to the loo
Quoting TimeFreedom
Daemien,

No, your not alone with opened positions. I am following the rules and will not close until I get the exit signal.

TimeFreedom
brother damien, still hanging there. down 700 pips now, so the visits to the loo have been a bit more frequent. yes i shd have taken the other trades on this system.

wisdom is always in hindsight for me well, i am doing reasonably ok on other trades so cant realy complain.

Quoting Daemien
Excellent guys - nice to hear! Now I don't feel so lonely up here

It figures coolshades - you went in on the one pair that is down right now. Not a gloat but just so you know this works - if you had entered on the full basket you would be at approximately +1500pips at the moment (this includes the negative from GBPCHF). It appears swissy has gained more strength than the pound lately. For what reason I don't know as I don't follow news... Hang in there!

*keeping fingers crossed*

Take care,

D.
Quoting coolshades
brother damien, still hanging there. down 700 pips now, so the visits to the loo have been a bit more frequent. yes i shd have taken the other trades on this system.

wisdom is always in hindsight for me well, i am doing reasonably ok on other trades so cant realy complain.
I was just stopped out on one of my GBPCHF positions - no worries tho as I will pick it up on the way back up; either on an uptick, or with the anti-hedge method. Other positions are nice & +++

Also, I have some contractors on the way to install the following trading station at your pad (I posted this pic here quite a while ago in the members lounge). Hope you enjoy...
Attached Image
nice.

btw i tht you used 2 times atr, so that still should be some way to go? also are you saying you will buy some more when there is an uptick on gbpchf mfi?



Quoting Daemien
I was just stopped out on one of my GBPCHF positions - no worries tho as I will pick it up on the way back up; either on an uptick, or with the anti-hedge method. Other positions are nice & +++

Also, I have some contractors on the way to install the following trading station at your pad (I posted this pic here quite a while ago in the members lounge). Hope you enjoy...
Quoting coolshades
nice.

btw i tht you used 2 times atr, so that still should be some way to go? also are you saying you will buy some more when there is an uptick on gbpchf mfi?
Yes I do - one of my add-ons was hit tho (not the original entry) from Oct 29th (didn't enter on sunday candle - mistake I think). And yes! I will definitely be adding. Only one GC position open (max 3 remember). This pair is still active as it has not hit the 'drop the payload' area

Nice hammer forming by the looks of things - hopefully will get the trend back in order!
brother damien, that is encouraging for me, still hanging on..

i can only admire those steel parts of yours



Quoting Daemien
Yes I do - one of my add-ons was hit tho (not the original entry) from Oct 29th (didn't enter on sunday candle - mistake I think). And yes! I will definitely be adding. Only one GC position open (max 3 remember). This pair is still active as it has not hit the 'drop the payload' area

Nice hammer forming by the looks of things - hopefully will get the trend back in order!
Daemin,
My good friend. On your position sizing, do you size each postition to where you would be able to max out positions (3 per pair) for all pairs and still only be at your risk margin? Or do your positions each have the inherent risk potential? Or finally or you set it to where each maxed pair woul dequal your risk?

THanks,
SOrry if I was repetitive.
Quoting coolshades
brother damien, that is encouraging for me, still hanging on..

i can only admire those steel parts of yours
lol well thanks coolshades! I learned patience, acceptance of drawdown & not to look at the charts 1,000 times a day from trading this system, actually.

Now I look maybe 3-4 tops - morning, once or twice during day, and then again at end of day (or thereabouts). This definitely helps with the anxiety issues. Most of this is psychological after all (assuming you have a valid system & experience for the discretional parts to all of this).

Quoting freed14
Daemin,
My good friend. On your position sizing, do you size each postition to where you would be able to max out positions (3 per pair) for all pairs and still only be at your risk margin? Or do your positions each have the inherent risk potential? Or finally or you set it to where each maxed pair woul dequal your risk?

THanks,
SOrry if I was repetitive.
Hi Freed!

Basically risk only 1% per position. At 3 positions per pair, that is a maximum of 3% risk per pair. First figure out your stoploss (2xATR). Size your lots so that if you are stopped out, you will only lose 1% for that position.

Does that explain it better? If not let me know...

BTW, I use & highly recommend Que's position sizing excel program/log. If you do a search here it is posted. Or just ask me for it on Skype if you don't have...

Take care all,

D.
I got stopped out of the gbp/jpy trade, at 231.20 (I had a 2 ATR SL), can anyone confirm this stop?.. I was stopped at about 8:18 am PST...

THANKS!
Perfect Spot. Thanks. I think I have Que MM Excel file but I will check out my forex files and see. Talk to you later good friend.


Quoting Daemien
lol well thanks coolshades! I learned patience, acceptance of drawdown & not to look at the charts 1,000 times a day from trading this system, actually.

Now I look maybe 3-4 tops - morning, once or twice during day, and then again at end of day (or thereabouts). This definitely helps with the anxiety issues. Most of this is psychological after all (assuming you have a valid system & experience for the discretional parts to all of this).



Hi Freed!

Basically risk only 1% per position. At 3 positions per pair, that is a maximum of 3% risk per pair. First figure out your stoploss (2xATR). Size your lots so that if you are stopped out, you will only lose 1% for that position.

Does that explain it better? If not let me know...

BTW, I use & highly recommend Que's position sizing excel program/log. If you do a search here it is posted. Or just ask me for it on Skype if you don't have...

Take care all,

D.
Yes my GJ positions were all stopped out as well

Now waiting for uptick to recapture those pips!

D.

Quoting ilcapocamorr
I got stopped out of the gbp/jpy trade, at 231.20 (I had a 2 ATR SL), can anyone confirm this stop?.. I was stopped at about 8:18 am PST...

THANKS!
cool, thanks for the confirmation...

im going to post all my trades that i think correspond to the rules, just to make sure I am doing what i am suppose to
i stopped out of gbpchf. tomorrow is always another day

Quoting ilcapocamorr
cool, thanks for the confirmation...

im going to post all my trades that i think correspond to the rules, just to make sure I am doing what i am suppose to
so I see gbp/chf is on an up tick, now forget about that it was a Sunday (let's say it was a Tuesday) would we reenter? Or are do we need to wait until MFI drops below 31 before reenter? Know I know usually we would but I am not sure about the rules when one is stopped out... am I talking in circles???

so basically what happened was gbp/chf was entered and then stopped out... so do we wait again for price to drop below our MFI level before reentering? OR do we wait for an uptick again????

hopes this makes sense
Daemien,

Thank you for your efforts in this thread to make 4x better for all. I am not an experienced 4x person but I have been observing your strategy Daemien for several days now. I have one question....

Would you consider going short now on EUR/AUD with the observed recent bounce off the 72 line? I spotted a down tick 11/11 as well.

Thank you again !!

Keith
Quoting KeithMN
Daemien,

Thank you for your efforts in this thread to make 4x better for all. I am not an experienced 4x person but I have been observing your strategy Daemien for several days now. I have one question....

Would you consider going short now on EUR/AUD with the observed recent bounce off the 72 line? I spotted a down tick 11/11 as well.

Thank you again !!

Keith
Keith,

Dont want to step on toes, but I do not see the bounce off the 72 line as you stated, can you post a chart?
Ilcapocamorr,

Last night there was a definite bounce with the line going downward, yet tonight the line has progressed through the 72 in an upward direction! I had manually set this indicator on each pair on IBFX and did not use Damien's exact templates.

I suppose I will defer to more experienced gents like yourselves and wait till I hear from you before entering.

Thankshttp://www.forexfactory.com/images/icons/icon14.gif

Keith
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