[quote=kcravey;4034653]ahhh, well said! Comparing trading to the coin toss scenario: (something Graeme suggested we all do earlier on - here is my documented coin toss and emotional thinking along with it) 99th trade: heads (+10, +20, ...

Building an equity millipede

WRT above commnts - I think if you refer back to Graemes posts - if he considered FBs on Daily - for a sharp entry he would have drawn a line on the opening of the FB candle and looked for a volatile break of this on a lower TF to trigger an entry - ...

Building an equity millipede

Week 1 summary — This was my comment last weekend: Chosen pair: USDCAD Analysis: "Last week was significant in as much as we have a pin bar that could signal possible downward move soon, is just above 10 ema so is an FB, it has bounced off, ...

Building an equity millipede

[quote=pipEASY;3997088]This is failed breakout image quote] Hi Graeme, in your posts you state that if the breakout candle closes above your sell entry or vice versa then you close the trade. Just for clarification if the breakout is on a 4 hour ...

Building an equity millipede

Am I trendy? — In earlier posts Graeme stated that either 'price is in a trend or a range; - on any TF. He also stated that only a volatile breakout of the range is a continuation of a previous trend or a reversal. Therefore since we know that ...

Building an equity millipede

Initial Entry — Hi Graeme, One other question please: When you have posted some of the trades you have made during this thread I believe you sometimes take two positions on the entry candle. Will you often do this and are they taken together ...

Building an equity millipede

Hi Graeme, Or anybody who thinks they have a valid comment. My hindsight on EURJPY says down and the attached shows 3 entries (candle following arrow) of 12 entries I have made on this pair this week. The first points to month/day close. Only 2 have ...

Building an equity millipede

Hi Graeme, Had this problem on many of your earlier charts; managed to resolve by: -> mouse pointer over red 'x' -> right click -> select 'show picture' from menu. Usually workes, but not 100%.

Building an equity millipede

Effects of news — Hi Graeme, One thing that you have not mentioned is the effect of any known news releases. e.g. if you are looking at a good entry say 10-20 minutes before there is a major release that might affect that pair would you ignore ...

Building an equity millipede

Hi, I dont think you can get out of short-cutting the reading, (several times), - look at post 1150 wher flyer415 has gathered the relevant posts to page 77. Will make things a little easier.

Building an equity millipede

Last Question — I have often been looking at one TF and thinking it was another so IMHO either could be for reasons already posted, but if I had to bet on it, A would be my choice for 5 min.

Building an equity millipede

Hi Graeme, A very illuminating comment; however there are two points from previous posts that I am still trying to resolve, - On Monday you were selling EUR/USD and at one point you noticed a bullish FB or other signal and you bought EUR with a 12 ...

Building an equity millipede

Hi Paul, As a small account holder I have diversified early in order to preserve balance on my account. This is merely a precaution in the first few weeks. I also think a lot will depend on your broker and their margin routines. Alpari will let your ...

Building an equity millipede

Hi Ben, Yours and previous posts show the variety of traders here and what we look at; It would be interesting to know how many monitors Graeme is using; I found last week that I am too busy looking at two currency pairs on a 5 min TF to take in ...

Building an equity millipede

[quote=pipEASY;3966500]You would be amazed how a small 10 pip help from your subsequent position could have helped. Not all the times but enough times. The risk:reward is always in your favour and you are capturing all the small positions if the ...

Building an equity millipede

Obviously not on tthe AudJpn, one on the 4 houly still running after 2 days; hourly one from today; I saw the first, but ignored it as I already had 5 running. Still running EJ, but not a great deal of movement.

Building an equity millipede

Also, I hope the maestro will agree, but with respect to above, my conviction that this was not going to last was engendered by the long, (too long), wicks down on most of the down candles. It shows buyers still interested.

Building an equity millipede

In respect of last nights FB this how it panned out for me on Eur/Usd and JPY. The entries are not fantastic, but bear in mind if you are cycling through 5 ccy pairs at the same time all new candles start at same time! If I had thought there was ...

Building an equity millipede

My money magement does not allow me to risk more than 1.5% per trade. In this case on the 5 new trades risk of 30 pips was less than 0.5% overall.

Building an equity millipede

When adding a new position last was promoted to BE so on 5 pairs only 30 pips ever at risk, but given probs of focusing on 5 pairs of 5 min candles only focused on 2. I have to say I was aware of this or rather a very similar strategy which I used ...

Building an equity millipede