Vee I was looking for those 7:1 trades, why 7, I just like the number! But the more profit potential you go for the more losses/break evens you're going to get. Plus, I was using tight stops and came to realise that for me using bigger stops offers ...

Building an equity millipede

It was getting to the end of the day and I was happy with 3:1 even though looking at the chart there was little support until price moved below 101.60 where we are right now. Perversity dogs me like any trader. Many times I've covered these sorts of ...

Building an equity millipede

I got that 3:1 in USD-JPY, short at 102.60 covered at 00. Stop was at 102.80. 60m man will of course be holding out for more Lots of perversity in that trade, market doing it's usual thing, ie trying to fuck the many BEFORE the real move. ...

Building an equity millipede

I did, the thread suggest traders try to find low risk entry ideas/patterns. What I posted was one of those, regardless of whether it's a 3:1 or 33:1 outcome

Building an equity millipede

OK, would you like me to delete my post?

Building an equity millipede

The above chart is 5m but I actually took the trade on the 20m. I look at both. There's a hell of a difference (for me) between the two, 5m can be very tricky which is why I only like to take 5m trades if the chart is clean, ie price is not jumping ...

Building an equity millipede

"Doing the hard thing" is normally the best way to operate in the markets, yet it is of course the hardest. Moving stops to B/E is easy isn't it? Not moving them to B/E is normally harder which means that's the right thing to do over a series of ...

Building an equity millipede

Timos That link is great, thanks. I might just give it a try someday with of course a tiny amount of money. It's as much a test of personal psychology as anything.

Building an equity millipede

60. Yes, of course short term trading is very hard for the majority, that's why the majority lose or breakeven at best. But for G's strategy to work you MUST be a good short term operator otherwise you're going to too many 20 tick losses (or ...

Building an equity millipede

But to use this strategy correctly one better be a good short term trader otherwise you're a) going to suffer far too many losses as you initially trade, and b) not be able to stack correctly, ie very aggressively. This whole thread is basically a ...

Building an equity millipede

Nobody is interested in Donchain. It was mentioned as a good example of a trading strategy that can print money IF the market goes up in a straight line, such as Cable over the last few months. But for every one of these such moves there are 10 ...

Building an equity millipede

I know that you know that it's not easy Barbs! Yes, I think you're right on your second point, G's method is all about flexibility, and so should all trading methods if you think about it. Markets are moving beasts, sometimes they're agressive, ...

Building an equity millipede

Barbs/Jaque We're all on the sane page here. G strategy is an excellent one, there's no doubt about that. But to get it to work, even though simplicity is critical, isn't easy. That really is what I'm trying to get across. The other problem, which ...

Building an equity millipede

J The point I was making, and it has nothing to do with Donchain or any other type of trading strategy, is that a market that goes only one way, such as your Cable example, is not a good example of how to make money via a strategy that relies on ...

Building an equity millipede

Jaque Playing devils advocate here. Cable has been a one way street for the last 2-3 months. Anybody here using a Donchian 20 day breakout system would have made a fortune with only 1 minutes work a day. Trends make fortunes that's the good news ...

Building an equity millipede

Is it worth the hassle? Yes, if you're already an excellent short term trader, or about to become one. No, if you're not. However, as others have said in the thread, if you're an excellent short term trader then you don't really need this strategy ...

Building an equity millipede

I don't mean to sound like a party pooper, but more often that not get ready for all that lovely mark-to-market profit to be given back. When things work out for this strategy it can be great, but like any good trend they don't happen that often ...

Building an equity millipede

The advantage with Cam's varying size strategy is that sometimes the market sets up with a nice small stop and when those positions work they really pile on the profit. And if they don't work the risk is the same as a trade with a larger stop (in ...

Building an equity millipede

What's the best feeling in trading? Well, I know the best way to conduct your trading business is to remain non-plussed at all time. A (mental) wry look when you you get a good winner or loser. But even if that's you, it's still hard to not have at ...

Building an equity millipede

Tim I'm not 100% sure but I think the point Vee is alluding to is this - Markets like to F**k with the majority. So they setup all nice, get many traders in and feeling good, then WHAM, they stop everyone out (people tend to put stops, especially ...

Building an equity millipede