stkjunky………couple things I should make you aware of so that you have a better understanding of where I'm coming from…….I have been playing at this for a couple years now and was up over 100% at one point having traded for a little over 6 months trading the trend reversals only and like you would find myself with "serious drawdowns" but kept managing to close out my trades as winners. I found myself extremely frustrated though because 1) I only had a few hundred bucks in my account to start with (which is still true today) so making 100% didn't cut it for me in terms of taking me where I wanted to be in a few years, and 2) I was never able to trade the trend so I was always looking for trend reversal entry spots. I am trading now just to maintain charting skills and to maybe improve them to the point where I can maybe make better gains by taking larger positions though the all in approach isn't exactly what I have in mind since there is too much room for mistakes on my part by entering a position in the wrong pair, or go long when I intended short, or find myself with internet down and the computer unavailable to close out a losing trade or even realize that my trade was a bum one from the outset, plus the circumstances outside our control like world events or natural disasters, etc.
So I'm not really wanting to go "all in" but I am wanting to increase my risk to the point where I better be right 9 times out of 10 or I'll be spinning my wheels in the end but with a lot more more stress than doing the same with lighter positions. And maybe the occasional "all in" positions with tight stops on high odd setups, but only occasional and only scalping where I'm not likely to blow my account since I'm not holding overnight and I have a stop loss and definite exit in mind immediately upon taking the trade.
I'm glad you mentioned that this is not the setup you've been trading profitably for the last year, but once I get TOS up and running I hope that backtesting as well as forward testing with live funds will prove it out to be a highly accurate and successful setup, as it sure looks to be just that based on the chart you posted. Bottom line…..I'm looking for being able to stay the trend if possible and increase the risk in my position sizes without going "all in" as I'd stated before.
I am currently short on GU myself but holding a small position.
