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Multi-Lot Multi-Timeframe Position trading

  • #1,181
  • Apr 20, 2015 6:47am Apr 20, 2015 6:47am
Euro parity?
  • #1,182
  • Apr 20, 2015 7:29am Apr 20, 2015 7:29am
Quoting Graviton
Yes, setup looks good. Already short EChf and AN. Now shorting EN.
Welcome back Graviton! You timed your break pretty good pipswise it seems
  • #1,183
  • Apr 20, 2015 8:29am Apr 20, 2015 8:29am
Quoting lemna
{quote} Welcome back Graviton! You timed your break pretty good pipswise it seems
Thanks Lemma! Nice to be back. Just easing my toe back in the water today. Todays plan is to trade my absolute minimum risk method unless pips start to fall like rain of their own accord. If that happens, I'll have to go in to clean up. I hope everyone has been managing their risks while I was soaking up all the sun and fun .
  • #1,184
  • Apr 20, 2015 8:47am Apr 20, 2015 8:47am
I've said it many times, but I'm not sure it can be said too much. Maybe we should start every day repeating the mantra. We must control our risks first. Then we collect our pips if there are any to be had. The other way around absolutely positively does not work.
  • #1,185
  • Apr 20, 2015 9:15am Apr 20, 2015 9:15am
I think we may be in one of those choppy periods where it pays to be careful.

USD has gone off the boil.

NZD has great potential but really needs to break up past that 0.77 / 0.78 resistance overhead on NZD/USD to get going.

We have weakness in EUR and AUD, but not much good strength anywhere.

Another observation - USD pairs trend better than crosses... over recent years its paid best trading USD trends. Not that there haven't been others of course.
  • #1,186
  • Apr 20, 2015 9:53am Apr 20, 2015 9:53am
Hi Graviton,

thanks for the great thread! Just started on page 1 but I believe I will find the answers I want about stacking. Thank you!
  • #1,187
  • Apr 20, 2015 10:23am Apr 20, 2015 10:23am
Quoting Mattrix83
Hi Graviton, thanks for the great thread! Just started on page 1 but I believe I will find the answers I want about stacking. Thank you!
Welcome to the thread Mattrix. I think it's all there. Feel free to post any questions. We like those as they spur on good discussions. For me, trading is an exercise in continuous improvement. Best success.

G
  • #1,188
  • Apr 20, 2015 8:25pm Apr 20, 2015 8:25pm
I totally agree with Multilot MTF trading,,,and its really simple with MTF indicators. I trade the 15 min charts in the direction of the 4 hr trend, and add on on pullbacks if the 4 hr stays in my direction. I watch it all on 1 chart.

Good thread Graviton
  • #1,189
  • Apr 21, 2015 12:26am Apr 21, 2015 12:26am
Quoting hharrington
I totally agree with Multilot MTF trading,,,and its really simple with MTF indicators. I trade the 15 min charts in the direction of the 4 hr trend, and add on on pullbacks if the 4 hr stays in my direction. I watch it all on 1 chart. Good thread Graviton
Hi hharrington, if you may share, how do you determine the trend on H4?
  • #1,190
  • Apr 21, 2015 10:13am Apr 21, 2015 10:13am
I use a MTF HAMA for direction on the H4
  • #1,191
  • Apr 22, 2015 3:35am Apr 22, 2015 3:35am
Having another crack at EUR/NZD short, entered at 1.3945
  • #1,192
  • Edited 8:38am Apr 23, 2015 8:27am | Edited 8:38am
Hi Graviton,

i am reading ur thread but I would like to ask..
1) earlier in your thread it seem like u added extra positions at fixed gird of 75-100 pips.. Is that mechanical without discretion?
2) but later in your thread, around Sept 2014, u seemed to have entered 2 lots at just 20 pips apart. May I know when you do what?
  • #1,193
  • Apr 30, 2015 10:35pm Apr 30, 2015 10:35pm
Quoting Mattrix83
Hi Graviton, i am reading ur thread but I would like to ask.. 1) earlier in your thread it seem like u added extra positions at fixed gird of 75-100 pips.. Is that mechanical without discretion? 2) but later in your thread, around Sept 2014, u seemed to have entered 2 lots at just 20 pips apart. May I know when you do what?
Hi Mattrix. Sorry it took so long to answer, but I've been dealing with some medical issues. I usually trade my minimum risk multi-lot method where I just put on one lot at a time with the fixed spacing of 50 to 100 pips, taking off profits as I go to fund more lots in the pyramid. Sometimes I'm impatient and want to get multi-lot running quicker so I'll put the first 2 on quickly and closer together. I'd only do that if I have high confidence in the trade as it almost doubles the entry risk. I always advise patience, but I don't always exercise it. Thanks for the good question!

G
  • #1,194
  • May 2, 2015 10:22am May 2, 2015 10:22am
Quoting Graviton
{quote} Hi Mattrix. Sorry it took so long to answer, but I've been dealing with some medical issues. I usually trade my minimum risk multi-lot method where I just put on one lot at a time with the fixed spacing of 50 to 100 pips, taking off profits as I go to fund more lots in the pyramid. Sometimes I'm impatient and want to get multi-lot running quicker so I'll put the first 2 on quickly and closer together. I'd only do that if I have high confidence in the trade as it almost doubles the entry risk. I always advise patience, but I don't always...

Hi Graviton,

many thanks for the reply and good advice. Agree that it is good advice, on the importance of patience because stacking can make or break you. Anyway, I hope you are great and well now! Health is very important, do take care!
  • #1,195
  • May 6, 2015 9:03am May 6, 2015 9:03am
Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy 4-lot.PNG Size: 63 KB
  • #1,196
  • May 10, 2015 12:26am May 10, 2015 12:26am
Quoting Graviton
{quote} I hope I'm changing your trading for the better! OK, now we are getting into the internals of my own personal trading style. I actually have two separate live trading accounts. One is my test account. It is a micro lot account. The other is my main standard trading account. If I'm not very confident in the trade, and that's more often than not, I enter it first in micro lots in the test account. If the trade does well, I move up to my standard account and enter the trade there with a much larger position size. If the trade goes poorly,...
Hi G,
this is an interesting way of managing/entering your trades.

i have a question, if i may ask, at which point do you enter on ur main account, say based on a certain amount of pips? i am curious, what are the chances where, after u enter on ur main acct after a nice movement and price starts to move against you. but i guess it is give and take
  • #1,197
  • May 12, 2015 8:50am May 12, 2015 8:50am
Quoting Mattrix83
{quote} Hi G, this is an interesting way of managing/entering your trades. i have a question, if i may ask, at which point do you enter on ur main account, say based on a certain amount of pips? i am curious, what are the chances where, after u enter on ur main acct after a nice movement and price starts to move against you. but i guess it is give and take
Typically I'll enter the large trade after my test trade has gone up 80 to 100 pips. I'll exit all if it moves about 50 to 100 pips against me after that entry. That main trading account sl is usually set well below a recent s/r line, or perhaps 2 or 3 s'r's back. Here's the long ChfJpy trade I posted earlier. SL is now below 2nd support level back on the H4. We just finished a retracement all the way back to the original entry on that trade, so it's still risky. Thanks for the good question!

Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy 2 sr's back.PNG Size: 69 KB
  • #1,198
  • May 14, 2015 11:03am May 14, 2015 11:03am
Quoting Graviton
{quote} Typically I'll enter the large trade after my test trade has gone up 80 to 100 pips. I'll exit all if it moves about 50 to 100 pips against me after that entry. That main trading account sl is usually set well below a recent s/r line, or perhaps 2 or 3 s'r's back. Here's the long ChfJpy trade I posted earlier. SL is now below 2nd support level back on the H4. We just finished a retracement all the way back to the original entry on that trade, so it's still risky. Thanks for the good question! {image}
Thanks for the reply Graviton, nice trade, it is moving good in ur direction.

for a trade to go 80-100 pips in ur small account before putting a trade in your main account; you r really going for good long term trades!

i have finally reading all 60 pages of the thread. Two questions
1) from what I see from the way u add on lots, correct me if I am wrong, you will enter one lot, and when it move say 1 x SL, u take profit, then open another lot (instantaneously at the same price?) .. Then when price moves by another 1xSL in your direction, then u open another lot.. And so on ... Can I just confirm that, based on what I see, you are in a way adding one lot for every 2xSL moved?

2) if there any reason for using 5x10MA to determine the trend. What issue do u see if I use, say 5x20ma instead? To me I think, it is just give and take... 5x20MA is slower to react, but also means it will give a more defined trend
  • #1,199
  • May 20, 2015 9:17am May 20, 2015 9:17am
Attached Image (click to enlarge)
Click to Enlarge Name: GA Long.PNG Size: 49 KB
  • #1,200
  • May 20, 2015 9:30am May 20, 2015 9:30am
Quoting Mattrix83
{quote} Thanks for the reply Graviton, nice trade, it is moving good in ur direction. for a trade to go 80-100 pips in ur small account before putting a trade in your main account; you r really going for good long term trades! i have finally reading all 60 pages of the thread. Two questions 1) from what I see from the way u add on lots, correct me if I am wrong, you will enter one lot, and when it move say 1 x SL, u take profit, then open another lot (instantaneously at the same price?) .. Then when price moves by another 1xSL in your direction,...
1.) Yes, if you add 1 lot for every 2XSL you'll have the entire trade funded with minimum risk and can take profits as you roll along on the trade. At the moment, I have very little time to put into watching the screen, so I am trading longer term trades with wider stops and larger TP's. You can adjust those numbers to conform with your style and the amount of time you have available to watch a screen.

2.) There is nothing magic about the 5X10MA cross, or any indicator. It just gives me speed on the shorter TF's to get in as early as reasonable, but it's still quite slow on the H4, daily, weekly and monthly TF's, so I don't get whipsawed as much. Look at what works best for you and use that. It's nice when you have a good winning trade to go back and look at different indicators and see which one would have worked well for that trade.

Best success,
G
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