Wish I was clever as you Brian. I think you are trying to read too much into what you think other traders think. - you 'anticipated' retails would bla de bla - what total utter BS. It was a classic example of a breakout trade. image

Building an equity millipede

SO basically you wait for the pullback after it breaks out. I thought thats's what most ppl did anyway.

Building an equity millipede

I might be missing something here but I thought we move sl to b/e as soon as possible. If that is right nearly all of the trades in your example would be stopped out now apart from the diversify(hedges??) trades or am I mis-reading this method?

Building an equity millipede

I think he might be referring to consolidation zones - area's where price does nothing - just ranges - you wait for it to break out and trade in that direction.

Building an equity millipede

Don't sit on the fence N tell it like it is lol.

Spread betting or CFDS?

Depends on the tf you look at - yeah trying to pick tops and bottoms on a 5 min chart is a short cut to the poor house. But take a look at the daily CADCHF chart of the last 18 mths - not quite random I believe. Personally I don't think that TA is ...

Building an equity millipede

Thanks Mike, thought it was something like that.

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Don't ya just love it when a plan comes together lol - nice one.

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I also started about 8 years ago(then I joined FF) and I agree it is the most difficult stressful thing I have ever done. Haven't lost any serious money but haven't made a lot either, mainly coz of my other commitments - this is or should be a full ...

95% traders go broke, only 5% survive

Looks like this playing ball now - I have a problem tho - I think gbpcad looks buulish but this looks bearish - can't see them both playing out so I better wait a bit longer. image

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Hey Macd Can I ask why you are going back to trading now after your past experiences - Its seems like a brave thing to do and indicates, maybe that even after all you have been through you still believe that it is possible to make money in this ...

95% traders go broke, only 5% survive

Crikey!!!!!!!!!!! a positive post about FX trading - I was beginning to get depressed, reading all the posts telling me I've been wrong for the past 10 years lol.

95% traders go broke, only 5% survive

Another good RR play. Especially now Yellen is talking about tapering and raising interest rates. image

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Re GBPCAD - I've been watching this for a while now and I think the long term trend will resume over the next week or so. On the monthly chart the 50 fib is 9160 my first target - I am expecting a breakout north above 87 and I'll be looking for ...

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What's your value zone Mike?

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Golden Cross image

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Another H&S?? image

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Woulda, shoulda, coulda - lol. D'ya reckon we missed the boat on this one? image

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Hi all, Just stumbled across this thread - been using a similar method to this for a while now and IMHO it's the only way to trade.. Thing I still have trouble with tho is hedging my positions

Building an equity millipede

Stopped - took a loss on this bastard - Think I'll get back in tho below 8.2.

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