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Multi-Lot Multi-Timeframe Position trading

  • #1,201
  • May 30, 2015 11:04am May 30, 2015 11:04am
Took +450 pips off CHF/JPY before the Friday close. Letting the last two lots run.
Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy Profit.PNG Size: 72 KB
  • #1,202
  • May 30, 2015 11:06am May 30, 2015 11:06am
Hi Graviton,

what is your position on USD? Do you have any of them open? They are not looking as strong as they did earlier. At the same time I would also like to ask if you have any EUR trades open. I am long EN.

Thanks,

IBO
  • #1,203
  • May 30, 2015 1:16pm May 30, 2015 1:16pm
Quoting IBreakOut
Hi Graviton, what is your position on USD? Do you have any of them open? They are not looking as strong as they did earlier. At the same time I would also like to ask if you have any EUR trades open. I am long EN. Thanks, IBO
IBO, for USD I'm short AU first lot now at +98 pips and second lot -7 pips. Short NU first lot at +133 pips and second lot +65 pips. I don't have a strong fundamental opinion on USD or any other USD trades running now. US data seems to be mixed to weak. The AU, NU trades just met my technical criteria to enter last week.

I don't have any EUR trades open now. I tried to enter EU short last week but bailed out with a 24 pip loss when price reversed back up the next day. As always, I'm concentrating on keeping losses small and trying to balance letting good trades run while taking some profit off them along the way. Trading longer term now as screen time is limited with longest trade CHF/JPY long running one month.

Best success,
G
  • #1,204
  • Jun 1, 2015 11:37am Jun 1, 2015 11:37am
https://www.mql5.com/en/charts/35211...or-capital-ltd

Graviton I like your style. I trade very similar, and notice the horz lines red and yellow on a 1 hr chart.

they are the NY open and NY close and I use them all the time for entry and exit points trading the 1 hr chart.

Have fun and I am reading up on your style. When i have a 1 hr trade in place I add on same direction with the 15 min TF.
  • #1,205
  • Edited 10:48am Jun 2, 2015 10:37am | Edited 10:48am
Quoting hharrington
https://www.mql5.com/en/charts/35211...or-capital-ltd Graviton I like your style. I trade very similar, and notice the horz lines red and yellow on a 1 hr chart. they are the NY open and NY close and I use them all the time for entry and exit points trading the 1 hr chart. Have fun and I am reading up on your style. When i have a 1 hr trade in place I add on same direction with the 15 min TF.
Thanks HH. Steady as she goes. I get dead times where there are just no good trades, sometimes lasting for weeks. It gives me time to read a good book or two. There are three positions, long, short and on the sidelines. Knowing when to go to the sidelines has saved me a fortune.

Now at 4 lots on ChfJpy long, taking profits off the bottom of 200 to 300 pips per lot and adding new ones on top. It's very boring, just as good trading should be. But, it's also very profitable. Just one good trade like this can make the month's expenses and leave a little over for a nice cruise. We don't need or even want 50 good trades a month. Just one or two will make us comfortable in our old age. Of course, there may be none this month. That's ok, there is always next month. Best success to you.

G


Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy 4-lot.PNG Size: 63 KB
  • #1,206
  • Jun 2, 2015 11:43am Jun 2, 2015 11:43am
We are now nearing the end of the exposition of my trading method. It has been a long winded tour de force but I hope you found something here somewhere that will help you. Honestly, I have lots of little failures, but I try to keep them as few and small as possible, and I have a few wonderful successes that pay for all the small failures and leave enough profit to pay for my not so modest lifestyle. Of course, nothing can pay for big failures, so I just don't take any of those. I used too, but then I wised up.

I named this thread Multi-Lot Multi-Timeframe Position Trading and I believe I have gone over every aspect of Multi-Lot and Multi-Timeframe and now I have given a quick example of Position trading with this Chf/Jpy long trade. I consider a position trade any that lasts for more than a month, but some traders shoot for trades lasting several months to several years. It's not at all unusual to make several thousand pips total off a Multi-Lot position trade in a month or two, but of course trades like that don't come along every day. So my advice is to be very careful and strict with your trade entry criteria and cut your losses short on the many that just don't work out. If you are not making boatloads of pips using this method, adapted for your personal preferences, then you need to take fewer trades and better trades and cut your losses short.

Going forward I will occasionally throw up a trade that may or may not turn out to be a good position trade and follow the good ones a bit. The bad ones will be exited with as near break even as possible, or at least with a loss that is a very small fraction of the win on the good trades. I'm always happy to answer any questions and I really enjoy the discussion. So feel free to post any questions. I wish everyone the very best success in the future. May you live long and prosper.

G
  • #1,207
  • Jun 2, 2015 11:00pm Jun 2, 2015 11:00pm
Quoting Graviton
We are now nearing the end of the exposition of my trading method. It has been a long winded tour de force but I hope you found something here somewhere that will help you. Honestly, I have lots of little failures, but I try to keep them as few and small as possible, and I have a few wonderful successes that pay for all the small failures and leave enough profit to pay for my not so modest lifestyle. Of course, nothing can pay for big failures, so I just don't take any of those. I used too, but then I wised up. I named this thread Multi-Lot Multi-Timeframe...
Hi Graviton,

Thanks for sharing this wonderful method with us. It changes the way of my trading.
Thanks a lot.

Bendz
  • #1,208
  • Jun 3, 2015 1:03am Jun 3, 2015 1:03am
Hi Graviton,

do not think that we do not follow the thread anymore. At least on my side I do, only I am very busy. At the same time I read the Trend following book which I really enjoy. If I am done with it and have questions, I come back to you. I like that it is not full of indicators and stop entry points, but explains a method and mentality. I also see that some of your wise saying comes from that book :-) Of course they had to be learnt somewhere. That is obsvious.

Even if not so often, as you said throw some charts up there and share it with us. I will try to be from end of Summer more active.

I thought I share you my trades open from some time so you can maybe tell me what you think. Mostly EUR longs vs. : USD, GBP, JPY and NZD. The only one which seems like not a great one is vs. GBP, it is around BE. I also have NZDJPY short, this has not much to do with the method here. I just got a signal and think there is a huge R:R in the long-term to the downside.

Thanks again,

IBO
  • #1,209
  • Jun 3, 2015 9:43pm Jun 3, 2015 9:43pm
Quoting IBreakOut
Hi Graviton, do not think that we do not follow the thread anymore. At least on my side I do, only I am very busy. At the same time I read the Trend following book which I really enjoy. If I am done with it and have questions, I come back to you. I like that it is not full of indicators and stop entry points, but explains a method and mentality. I also see that some of your wise saying comes from that book :-) Of course they had to be learnt somewhere. That is obsvious. Even if not so often, as you said throw some charts up there and share it with...
Good to hear from you IBO. I have a small test lot on the EJ long. Of course the Chf/Jpy long is still cranking out pips. I also have a GJ long that's looking good and an NU short that is a little ahead. The Euro is much harder to trade than it used to be. I think there has been a lot of manipulation of it's value causing it to behave erratically. Best success, G.
  • #1,210
  • Jun 3, 2015 10:05pm Jun 3, 2015 10:05pm
Quoting Bendz
{quote} Hi Graviton, Thanks for sharing this wonderful method with us. It changes the way of my trading. Thanks a lot. Bendz
Hey Bendz, glad it's working for you. Keep those losses small so the wins can outweigh them. Best success, G.
  • #1,211
  • Jun 4, 2015 7:29am Jun 4, 2015 7:29am
Getting close to putting on the 3rd lot for GJ Long:
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 3-lot.PNG Size: 54 KB
  • #1,212
  • Jun 5, 2015 2:46pm Jun 5, 2015 2:46pm
4th lot now on GJ. Nearing the point of taking off 200 pips profit from the bottom lot. Steady as she goes.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 4-lot.PNG Size: 59 KB
  • #1,213
  • Jun 5, 2015 2:58pm Jun 5, 2015 2:58pm
Ready to take 300+ pips profit off the next to bottom lot of Chf/Jpy Long. I'll leave the bottom lot at +400 pips running for now.
Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy 4-lot Take Profit.PNG Size: 59 KB
  • #1,214
  • Jun 6, 2015 12:28am Jun 6, 2015 12:28am
Quoting Graviton
Ready to take 300+ pips profit off the next to bottom lot of Chf/Jpy Long. I'll leave the bottom lot at +400 pips running for now. {image}
Hi Graviton,

Got it. Now it's position trading. Am I Correct?

Bendz
  • #1,215
  • Jun 6, 2015 10:27am Jun 6, 2015 10:27am
Quoting Graviton
Ready to take 300+ pips profit off the next to bottom lot of Chf/Jpy Long. I'll leave the bottom lot at +400 pips running for now. {image}
Very steady trades Graviton!
  • #1,216
  • Jun 6, 2015 12:45pm Jun 6, 2015 12:45pm
Quoting Bendz
{quote} Hi Graviton, Got it. Now it's position trading. Am I Correct? Bendz
Yes Bendz. Going forward I'll be giving examples of position trades. Hopefully after all the examples we have been over, once the chart is up these will be fairly self evident. Best success. G.
  • #1,217
  • Jun 6, 2015 12:50pm Jun 6, 2015 12:50pm
Quoting Mattrix83
{quote} Very steady trades Graviton!
Thanks Mattrix. How's your trading going?
  • #1,218
  • Edited 10:38am Jun 17, 2015 8:55am | Edited 10:38am
Taking 400 pips profit off GJ and CHF/JPY longs this morning. Just trading 3-lots on each. Steady as she goes.
Some small test trades on Cad/Jpy, GA, GCad, GN long and EG, NU short, but I haven't committed full lots to them yet.

Edit, took a lot short NU.

NU SHORT - H4
Attached Image (click to enlarge)
Click to Enlarge Name: NU short.PNG Size: 66 KB
  • #1,219
  • Jun 17, 2015 10:52am Jun 17, 2015 10:52am
I had a small test trade on GCad long and just bailed out at -48 pips. The reason is I understood why that trade was going against me. The oil price is headed up and CAD is moving up with, it driving my trade down. I don't always understand what is going on in the markets, but when I do, I take appropriate action. Trading these longer term position trades gives me a lot of time to think about things. Steady as she goes.
  • #1,220
  • Jun 18, 2015 11:37am Jun 18, 2015 11:37am
Taking a lot EJ long.
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