Trend Smasher - Profitable Mechanical Long Term Position Trading

Quoting Daemien

Disliked

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!

Ignored

Quoting Daemien

Disliked

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!

Ignored

Quoting coolshades

Disliked

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

Ignored

Quoting TimeFreedom

Disliked

Daemien,

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

TimeFreedom

Ignored

Quoting Daemien

Disliked

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.

Ignored

Quoting coolshades

Disliked

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.

Ignored

Quoting Daemien

Disliked

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...

Ignored

Quoting coolshades

Disliked

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?

Ignored

Quoting Daemien

Disliked

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!

Ignored

Quoting coolshades

Disliked

brother damien, that is encouraging for me, still hanging on..

i can only admire those steel parts of yours

Ignored

Quoting freed14

Disliked

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.

Ignored

Quoting Daemien

Disliked

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.

Ignored

Quoting ilcapocamorr

Disliked

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!

Ignored

Quoting ilcapocamorr

Disliked

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

Ignored

Quoting KeithMN

Disliked

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

Ignored