Which, unfortunately, means that Forex really is just one big crap shoot. Which nobody want's to really admit. So find something that makes you consistent. Whether it's cutting heads off of chickens, throwing darts at a board blind folded, or using ...

Cable Update (GBPUSD)

On the basis he has a ton of capital. For us mere mortals it's probably best to stick with standard money management rules. I use 0.5% per trade. That way I could do 2 or 3 more on the same day if there are lot's of good entries and still be under ...

Building an equity millipede

Urrum, no. Almost 3/4 are short. url But the truth is nobody knows what the e/u, g/u is going to do. Lot's of speculation they will resume their long term bearish pattern but nobody knows if or exactly when that will happen. NOBODY! When traders ...

Cable Update (GBPUSD)

Lol.... Hey I saw an image of George Soros in the clouds today. Yup, definitely time to short e/u......lol!

EURUSD

Best of luck with that. You use Fortune cookies as well?

Cable Update (GBPUSD)

What is all this talk of energy levels and Horoscopes and phases of the moon charts and various other garbage I am reading around here? You guys don't actually take any of that seriously do you? May as well cut the head off a chicken and let it flop ...

Cable Update (GBPUSD)

For the sorts of stops and time frames you seem to be talking about I would say no. Personally I have positions I have had opened for a few weeks now. But a spread change or jump at the beginning of the week is of no concern to me as I am hundreds ...

Cable Update (GBPUSD)

For #1, by taking 1 position I can bet double the size or use twice the SL so my r/r is the same. #2 I take whatever SL the trade requires even if it was a pair of trades. I usually look at H1 and place S/L behind previous s/r. I don't believe in ...

Building an equity millipede

The vouch system is a big joke if you ask me. There are lot's of people around this forum with 10+ vouches and thousands of posts who don't seem any more or less successful or knowledgeable than some guys with no vouches and few posts. Worse yet, a ...

Building an equity millipede

I believe what Graeme does is watch for momentum on low time frames and jump in. He then moves his SL to break even fairly quickly (after the pair moves 10 or 20pips). So although a large number of these will be stopped out at BE, very few will be ...

Building an equity millipede

Lot's of ways to do it. I don't like placing 2 orders because I am basically lazy. It's kind of a hassle on my trading software to place 2 orders and duplicated SL etc while price is changing while you are making the second order. I Look for strong ...

Building an equity millipede

You read my mind. 0.5% risk per trade is pretty much what I do. I look at the 12 majors going from most to least active pairs. Not saying it's the right way or the best way to do it. Just sayin that's what I do.

Building an equity millipede

I'm no expert but that is where I kind of do my own thing for entries. As I believe Graeme said, his entry methods are not necessarily the only way or the best way. Also, the start of a daily candle will differ depending on the timezone your broker ...

Building an equity millipede

I'm no expert but there is always the possibility that this method doesn't suit you. Some guys seem to just prefer to be in and out of the market intraday or before the end of the week. I think it is a learnable way to do things though. So far it ...

Building an equity millipede

All the info you asked is in this thread early on and repeated over and over.

Building an equity millipede

Hi Graeme, I hope you don't let a few bad apples spoil the bunch. Those sorts of posts are quite common on these forums. You should take pride that your thread lasted longer than most before this problem started to creep in.

Building an equity millipede

IMHO it doesn't matter much when you are trading daily candles. You want trades to last over days and hopefully weeks, not just minutes or hours.

Building an equity millipede

On Metatrader: File>Save as picture Wherever you save this on your computer is where you 'Browse' to below. On this forum when creating a post at the bottom of your screen click on the button manage attachments>Browse>upload Now 'submit reply' your ...

Building an equity millipede

Hi Graeme, Excellent thread. I am so glad I found it. I already have some legs of my millipedes going. By using your system I am learning to not try anticipate the market. To just go with the flow. Seems like a no-brainer but I now realize I was ...

Building an equity millipede

What comes after that? The Lord of the Rings 'precious'?

Building an equity millipede