I will start stacking long entries if it breaks out above 108.78 (last week's closing price). I already have a long limit order placed at that level. Key is patience for price to come to you and then start chasing the price in your direction as long ...

Building an equity millipede

Looks like you are based in pacific time zone like me. I am also having similar time zone challenges and find it quite stressful to my eyes to stare at a 5 min chart. I am also trying 4H breakout zones with entries in 5M and getting some success ...

Building an equity millipede

I have it running and use it to get a macro view on all the pairs and to validate my own understanding of PA. Open any line chart, load the indicator and EA and let it run for a while. Soon the alerts will keep popping up based on TF selected in the ...

Building an equity millipede

I have seen and read a lot on the hedging/nedging discussion on this forum and agree on most of what is said by Hanover. Frankly, that was the first thought that ran in my mind also. It's a loser's game to take trades on both sides of the same pair ...

Building an equity millipede

Same deal with Interactive Brokers also. They allow you to modify the average position price as a workaround which is a quite a nightmare to deal with.

Building an equity millipede

Here's a good example of how a high spread pair can mess up a great FB based entry. Just took another hindsight long on USDZAR to practice entries. This was on 1H FB right at the open of next candle. My long trade opened 250 pips away from the FB as ...

Building an equity millipede

Welcome to this thread KR. I am not too much of a public forum person myself. This thread has completely changed my perspective on trading. Glad to see someone implement this style of trading in a real account. May I propose you break down your ...

Building an equity millipede

E/J Long hindsight - update — E/J Update: my earlier limit order on WS1 kicked off on a good start... 58 pips in profit and stop moved to BE+4. Plan to resume stacking only after a break above 109.20 resistance (and close above last week's ...

Building an equity millipede

There are several Asian open strategies (Tokyo open, HK open, 23-00 gmt straddle methods listed on this forum that you could try. Not sure how profitable they are though but volatility breakouts do happen during open sessions.

Building an equity millipede

Everyone should have a excel spreadsheet with all their current and past positions. It disciplines you to slow down and analyze your historical performance and prevent binge trading. I use one for my real trading accounts as my broker (IBKR) really ...

Building an equity millipede

Thanks Graeme. Appreciate your response. It makes sense.

Building an equity millipede

Thanks for all your posts today Graeme. Wondering if you could address one challenge I am facing with trading 5M FB with candlesticks. Not factoring spreads in the TA/PA tend to skew my results. Based on the charting software, Candles can form based ...

Building an equity millipede

Another jewel post from the Master It's absolutely amazing how much clarity you are bringing to my thought process. Thanks Graeme.

Building an equity millipede

EUR/JPY Weekend assignment — Anticipation on 1H candle: Placed buy order on 106.62 which is 50% retrace on H1 candle as well as Pivot Support(WS1) on Weekly. Let's see how this 'anticipation' works out for me :-

Building an equity millipede

with the exception of CAD pairs, I strongly feel this week is driven by "fundamentals and larger player/government influence". This is especially true for USD, JPY and CHF pairs. Price patterns/TA usually become unreliable when there is so much ...

Building an equity millipede

Perfect Songbo. Just what I was looking for. Thanks

Building an equity millipede

Hi Paul, My live account still has 4 legs short with 737 pips in profit and I was unable to stack more positions this week due to my RM/MM limitations. I limit my exposure to one pair and net exposure to a single currency up to a certain threshold. ...

Building an equity millipede

sorry Songbo. I am looking to find such indicator. Google search returns a lot of hits but didn't like any of them so far that does not clutter my chart.

Building an equity millipede

50% FIB indicator — Hi all, Wondering if anyone is using auto-fib indicator on MT4 that will just put a tiny line on the body of previous candle. This will help as a visual aid tool in our stacking strategy when price on current candle ...

Building an equity millipede

Update: E/J Long — My last long trade was at 107.16 around 50% FIB on weekly at a loss. SL hit at 106.90. Next possible long entry targets (based on my anticipation) at around 106.50, 106.90, 106.'00' and finally at 105.44 before I declare ...

Building an equity millipede