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Multi-Lot Multi-Timeframe Position trading

  • #1,261
  • Jul 20, 2015 1:57pm Jul 20, 2015 1:57pm
Quoting Graviton
{quote} Sometimes there is a major fundamental shift in the markets which will indicate the end of a trend, like a reversal of policy by a Central Bank. I'll just bail out quickly in that case. I can always re-enter later after I have thought it over. Much more often though, price reverses for no obvious reason. Then I just exit all running lots in the trade as near break even as possible and take any realized profits to the bank. The trend is just as likely to reverse at any time by my way of thinking, so I keep risks very low until I have realized...
thanks again for sharing your style
Perfecting your entry will increase your profits
  • #1,262
  • Jul 20, 2015 2:04pm Jul 20, 2015 2:04pm
If you stop to think about it, there are only a very limited number of things price can do. It's something like:

1. It can go against you a little and then come back in your favor. You just ride that out. You have to give it a little room to breathe.
2. It can go against you a lot. You take the small loss. Never let a small loss turn into a large one.
3. It can go a little in your favor and then stall. Go read a good book.
4. It can go a little in your favor and then turn back against you. When it gets to break even, return to item 1.
5. It can go a lot in your favor. You should already have a plan as to how you will get some or most of these profits off the screen and into your bank account.

In cases 1,3 and 4 you are still in the trade.
In case 2 you take a small loss.
In case 5 you take a large profit.

In my own humble opinion, that's about all there is to trading.
  • #1,263
  • Jul 20, 2015 2:18pm Jul 20, 2015 2:18pm
Quoting Graviton
If you stop to think about it, there are only a very limited number of things price can do. It's something like: 1. It can go against you a little and then come back in your favor. You just ride that out. You have to give it a little room to breathe. 2. It can go against you a lot. You take the small loss. Never let a small loss turn into a large one. 3. It can go a little in your favor and then stall. Go read a good book. 4. It can go a little in your favor and then turn back against you. When it gets to break even, return to item 1. 5. It can...
stop posting gold man please (im joking!!), wow i can not leave and not to keep reading im engaged now : )

another question came to my mind as i am reading the thread from the start... do you have a time to scan pairs? for example 2 hours after london session, or when london closes, etc? or you scan in whatever hour of the day (to look for entries)
Perfecting your entry will increase your profits
  • #1,264
  • Jul 20, 2015 2:29pm Jul 20, 2015 2:29pm
Quoting Deliciouspip
{quote} stop posting gold man please (im joking!!), wow i can not leave and not to keep reading im engaged now : ) another question came to my mind as i am reading the thread from the start... do you have a time to scan pairs? for example 2 hours after london session, or when london closes, etc? or you scan in whatever hour of the day (to look for entries)
i start trading and positioning myself 1 hour before NY open and 1-3 hours after NY opened.. depending on market conditions
Perfecting your entry will increase your profits
  • #1,265
  • Jul 20, 2015 2:38pm Jul 20, 2015 2:38pm
Quoting Graviton
{quote} Sometimes there is a major fundamental shift in the markets which will indicate the end of a trend, like a reversal of policy by a Central Bank. I'll just bail out quickly in that case. I can always re-enter later after I have thought it over. Much more often though, price reverses for no obvious reason. Then I just exit all running lots in the trade as near break even as possible and take any realized profits to the bank. The trend is just as likely to reverse at any time by my way of thinking, so I keep risks very low until I have realized...
i bought this 2-3 weeks ago and finished it within 2-3 days

but i think this can help the people to give them more knowledge about how to identify a trend (the beggining or the end)
Attached Image
Perfecting your entry will increase your profits
  • #1,266
  • Jul 20, 2015 2:44pm Jul 20, 2015 2:44pm
Quoting Deliciouspip
{quote} stop posting gold man please (im joking!!), wow i can not leave and not to keep reading im engaged now : ) another question came to my mind as i am reading the thread from the start... do you have a time to scan pairs? for example 2 hours after london session, or when london closes, etc? or you scan in whatever hour of the day (to look for entries)
I scan whenever I have time. I have no set pattern. I scan more often when I have no trades going on. I scan less often when most of my capital is tied up in current trades. I've developed a method that only takes about 10 minutes to scan all my pairs. I just make a quick call as to each timeframe from highest to lowest if a pair trending up or down. So if the last time I scanned, a pair is trending up on the weekly and down on the daily, I leave the timeframe on that pair on the highest timeframe that disagreed with all those above it, in that case the daily. I know the daily trend isn't going to change very fast, so I don't need to scan that one again today. If the weekly and daily are both trending up but the H4 is down, I'll leave that pair displaying the H4. Perhaps I'll look at that pair once more in the day, but it's not likely it will change. Those that are all trending in the same direction on the higher timeframes but are just retracing on a lower timeframe, like the M15, M5 or M1 are likely to be my best trades, so I'll just go back and check on those more often. It really doesn't take that long at all.
  • #1,267
  • Jul 20, 2015 3:33pm Jul 20, 2015 3:33pm
Quoting Deliciouspip
{quote} i bought this 2-3 weeks ago and finished it within 2-3 days but i think this can help the people to give them more knowledge about how to identify a trend (the beggining or the end) {image}
in the next days i will post how i profit from applying this concept, right now i have the images, but i need time to write it with details... will update soon
Perfecting your entry will increase your profits
  • #1,268
  • Jul 20, 2015 4:04pm Jul 20, 2015 4:04pm
Quoting Graviton
{quote} Greetings Landsat. The 100 period quadratic regression I use is just a common least squares curve fitting technique which is a polynomial regression of the 2nd order using the past 100 data points. It has the form y=ax^2 +bx + c and usually yields something like a smooth parabola curve. There is some good discussion of these terms on Wikipedia. Here's a decent indicator that does that and a little more for MT4, http://www.mql5.com/en/code/10249 Of course, there is no magic indicator, but some may act as a visual aid for some people....
can i ask how do you use the quadratic regression? if you still use it... thanks!

i have engineer background, but still want to hear from you : )
Perfecting your entry will increase your profits
  • #1,269
  • Jul 20, 2015 9:46pm Jul 20, 2015 9:46pm
Quoting Deliciouspip
{quote} can i ask how do you use the quadratic regression? if you still use it... thanks! i have engineer background, but still want to hear from you : )
I was simply using it to determine the direction of the trend for each timeframe. I haven't used that one in a while. -G
  • #1,270
  • Jul 20, 2015 11:46pm Jul 20, 2015 11:46pm
Quoting Graviton
{quote} Looks like retracement on the UCad long has bottomed out right on the 23.6 fib line as shown below. {image} I would be looking to manually exit this trade with a retracement more than 50% of yesterday's move. I consider that unlikely, but I'd take my pips and move on. There is no need to crowd the trade with the stop as it might exit on a spike just before going more my way. I haven't hit a stop in a long time since I try to plan on how to exit manually early if a trade goes bad. Yes, the GCad is performing similar to the UCad. I will probably...
Thanks G, u are posting faster than I m following. Given that UCad is currently in consolidation, will you consider moving up the stop? Also u took some piPs off UCad previously but I presume u will still renter when it resume the uptrend?
  • #1,271
  • Jul 21, 2015 12:11am Jul 21, 2015 12:11am
Graviton , I am now going for very long term trading , But what i learn is S/L for 175 pips for EURUSD or 175 pips for GBPJPY or 250 pips for NZDJPY to give it a chance to go for more . Will ask u more question , Thanks
  • #1,272
  • Jul 21, 2015 7:36am Jul 21, 2015 7:36am
Quoting Mattrix83
{quote} Thanks G, u are posting faster than I m following. Given that UCad is currently in consolidation, will you consider moving up the stop? Also u took some piPs off UCad previously but I presume u will still renter when it resume the uptrend?
Sure, I can move the stop up soon. I never felt my profits off UCad were in danger. The stop is more of an emergency stop, just in case something unexpected happens. The stop is still well below where I would manually exit if the trade turns bad. It looks like this with 3 lots long now.

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Long.PNG Size: 62 KB
  • #1,273
  • Edited 7:56am Jul 21, 2015 7:43am | Edited 7:56am
Quoting terminator12
Graviton , I am now going for very long term trading , But what i learn is S/L for 175 pips for EURUSD or 175 pips for GBPJPY or 250 pips for NZDJPY to give it a chance to go for more . Will ask u more question , Thanks
I've been wanting to get into NJ short, but every time I am ready to take it, price makes a retrace back up on the H1 preventing my entry. Maybe today will be my day. Yes, you do need a wide stop to trade longer term, but I wouldn't try to ride out a bad entry. If I had a bad entry, I'd just cut losses short and try to enter again later. In my opinion, it's better to take a 30 pip hit on a bad entry and try again later than to ride it all the way down to a 200 pip stop. After a few bad entry attempts, I'd just move on to something else. Of course, you have to adjust your trade size to control your risk with such a wide stop, even though you may have no intention of letting it go that far against you. That's just good risk management. Best success. -G
  • #1,274
  • Jul 21, 2015 8:25am Jul 21, 2015 8:25am
Quoting Graviton
{quote} I've been wanting to get into NJ short, but every time I am ready to take it, price makes a retrace back up on the H1 preventing my entry. Maybe today will be my day. Yes, you do need a wide stop to trade longer term, but I wouldn't try to ride out a bad entry. If I had a bad entry, I'd just cut losses short and try to enter again later. In my opinion, it's better to take a 30 pip hit on a bad entry and try again later than to ride it all the way down to a 200 pip stop. After a few bad entry attempts, I'd just move on to something else....
looking for short this one too, but nz is strong now, maybe in some hours or tomorrow will start the sell off
Perfecting your entry will increase your profits
  • #1,275
  • Jul 21, 2015 9:41am Jul 21, 2015 9:41am
Quoting Graviton
{quote} I've been wanting to get into NJ short, but every time I am ready to take it, price makes a retrace back up on the H1 preventing my entry. Maybe today will be my day. Yes, you do need a wide stop to trade longer term, but I wouldn't try to ride out a bad entry. If I had a bad entry, I'd just cut losses short and try to enter again later. In my opinion, it's better to take a 30 pip hit on a bad entry and try again later than to ride it all the way down to a 200 pip stop. After a few bad entry attempts, I'd just move on to something else....
seems like its time for me
Perfecting your entry will increase your profits
  • #1,276
  • Jul 21, 2015 2:02pm Jul 21, 2015 2:02pm
Deliciuospip , Should u wait for official cash rate of NZ tomorrow night to decide to enter or not , I will wait till then , i might decide to enter na sell ,
  • #1,277
  • Jul 21, 2015 2:08pm Jul 21, 2015 2:08pm
Quoting terminator12
Deliciuospip , Should u wait for official cash rate of NZ tomorrow night to decide to enter or not , I will wait till then , i might decide to enter na sell ,
wait for what?

opportunities are there go and take them dont wait!

NU touched lower trendline and respected it, now its touching upper trendline, lets see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: x.png Size: 48 KB
Perfecting your entry will increase your profits
  • #1,278
  • Jul 21, 2015 2:50pm Jul 21, 2015 2:50pm
Deliciouspip , But official cash rate , will lower .25% , could be more weaker . I rather wait .
  • #1,279
  • Jul 21, 2015 2:59pm Jul 21, 2015 2:59pm
Quoting terminator12
Deliciouspip , But official cash rate , will lower .25% , could be more weaker . I rather wait .
and you know the news before news? what are you waiting for then?

i never told you to go long
Perfecting your entry will increase your profits
  • #1,280
  • Jul 21, 2015 4:03pm Jul 21, 2015 4:03pm
Maybe you can find this board useful to quickly scan pairs.

This is a pre pre pre alpha development i made in a hurry, to quickly check what Graviton is telling us in this thread.

Messy code, really basic, no whistles and bells, probably buggy and given absolutely with no warranty

Trend is defined as MA CROSS + RSI.

It's an indicator not an expert, refreshes every 5 sec

I have very little spare time and many interests both in and out forex so i don't know if will develop further but if you find it useful and have requets/suggestions i'll try to do my best

If you find this tool of no interest just drop it
Attached Image (click to enlarge)
Click to Enlarge Name: GBoard.png Size: 15 KB
Attached File(s)
File Type: ex4 GBoard.ex4   56 KB | 242 downloads
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