A couple weeks is fine but not months. Again, just my opinion.

Building an equity millipede

Just my opinion but I wish we could agree to only talk about real accounts. Most of the secret sauce is psychological and there is almost none of that trading demo. As I recall Graeme also recommended getting off a demo account as soon as possible. ...

Building an equity millipede

Each entry is different so I use whatever size SL the entry requires. The smaller the better of course but I always try put it just beyond previous s/r. Same with setting stop to BE. I wait at least till I pass another s/r area. It can be ...

Building an equity millipede

Just did it on E/U as there is a lot of action right now. Will see what happens.

Building an equity millipede

So just ignore the wicks right? That works for me. Tighter SL. Not sure what that has to do with testing them as ignoring the wicks means you are entering sooner. Also makes the SL more likely to be hit. Perhaps ignore the wick on entry but use the ...

Building an equity millipede

Thanks for pointing out the 123 method. Looks like a nice and simple no guess work entry that deals with FB confirmation. I'll have to give it a try.

Building an equity millipede

It was a legitimate question. Now that it appears a lot of people are doing it different than me I am curious what they are doing, when and how they are doing it.

Building an equity millipede

By your definition the current E/G daily candle is a FB. Even if your brokers Daily candle has not closed yet I'm guessing it will remain an FB. So are you taking shorts on E/G now or shortly and on what timeframe? My new daily just started 1 hour ...

Building an equity millipede

Good post and perhaps you have hit on the reason for this language in the bill. It's no secret there are a lot of shady brokers out there and this is probably an attempt to rein that in somewhat. Even if it is not enforceable it does send a message ...

CFTC NEW Document - Overseas Accounts OK?

FB is similar to a pin bar. And like a pin bar you do not know it's a pin bar till you know what the candle is after it. That is my definition. Graeme explains FB's starting on post #832. You are correct that he says it is an FB after it closes and ...

Building an equity millipede

Just because a candle closes above the 5ema does not make it a FB IMHO. You need confirmation from the next candle so those are not FB's by my definition.

Building an equity millipede

Why would you do that? Both weekly and daily are showing long. I see the FB on H4 but you are going counter trend. If Daily was forming a FB, which it could be in the next day or two, I might consider a short on H4 FB.

Building an equity millipede

Hi Graeme, Can you elaborate on the conflict of interest. I am not quite sure I follow you. Are you saying it may be acceptable to take trades if 2 higher time frames do not show the same direction but all the lower timeframes do? Or are you saying ...

Building an equity millipede

I believe NY is closed Monday. Not sure what effect it will have but something to keep in mind.

Building an equity millipede

Ah yes, I knew I could drag the teabagger out of you. And of course you COMPLETELY disregard the facts when they stare you right in the face. How utterly predicable! Same old formula every time. You people throw out these wildly inaccurate ...

US citizens won't be able to have forex accounts overseas

So suddenly you are all about defending Wall Street? You were probably part of the same mob yelling "let them fail" in 2008. Now, let me think. What changed since then......hmmmmmm can't think of anything. Except now there is a black democrat in the ...

US citizens won't be able to have forex accounts overseas

Remind me again who was signing these bills into law the past 8 years? But I'm not surprised you would come up with a dillusional statement like that. You probably also think Brawndo is good for watering plants. Maybe do a fact check once in awhile. ...

US citizens won't be able to have forex accounts overseas

Hi leggo, Thanks for the reply. What pairs are you mostly watching and trading?

Building an equity millipede

If you got a problem with it then run for public office to help change the laws. Other wise shut the hell up. Whine about the non-existant tax increases you are not going to get but think you will. If you want to blame someone blame Wall Street ...

US citizens won't be able to have forex accounts overseas

I'm just curious. What exactly are you doing to make 40trades a week? Are you trading every inside bar you see on 5min? What pairs? I just can't seem to wrap my head around making that many trades. I stared at these charts all week. I got up in the ...

Building an equity millipede