Looks like Interbank closed their trading session exactly one hour prior to Alpari, as the Alpari chart contains exactly 12 more M5 candles (= 1 hour). I know some brokers go offline at 4PM New York time and others continue to allow trading until ...

Building an equity millipede

Assignment Progress Report - Week 1 — Hi all. Here's how my week went down... I chose USDCHF as my pair. Hindsight was down, but I expected a bullish retrace to around 50% of previous week's candle and was prepared to look for short ...

Building an equity millipede

Agreed, but that wasn't Graeme's question. He asked: "Which timeframe does a new trend start?" He did not ask "When can a position trader realistically expect to observe a new trend and then be able to take advantage of it?" A position trader's idea ...

Building an equity millipede

I agree with Cam. A trend begins the second it begins. Kevin

Building an equity millipede

I haven't observed this happening, but I'll continue to watch to see if this is indeed what is taking place. Either way, like you and others have said, it probably doesn't matter much in the long run. Thanks. Kevin

Building an equity millipede

Interesting development, Paul. Yesterday I confirmed that position averaging was not taking place on my MBT demo account. Today, after reading your post, I wondered if my live account would handle this differently. Looking back at my trade history, ...

Building an equity millipede

I'm pretty sure it's the entire candle, including wicks. Somebody jump in and correct me if I'm wrong.

Building an equity millipede

Are you using MT4 platform? Or are you using MBT Desktop? I'm guessing it's the latter. I'm using MT4 and don't have anything called a 'price ladder' that I'm aware of. And, yes, I can exit any individual positions with no problem. Also, the ...

Building an equity millipede

MB Trading — Hey Paul, I just took a series of test trades on my MBT demo account and can confirm that there is NO averaging taking place at my end, regardless of which order I remove positions. Hopefully, the good folks at MBT will help you ...

Building an equity millipede

I'll be curious to hear their response. That's my plan as well. Kevin

Building an equity millipede

50% fib of previous M5 candle. Goal should be to get SL on first position to BE before entering another to limit risk exposure to just the most recent position entered. Keep adding positions (as opportunities present) every 10-15 pips or so until ...

Building an equity millipede

Paul, I use MB Trading, but I haven't noticed that before. That being said, up until recently I've not been in the habit of having more than one position open on a pair at a time, so it wouldn't have come up 'til now. However, I did have several ...

Building an equity millipede

Hi Marion... er, "Joe," nice to have you along! Thanks for setting the record straight on the origin of the flying buddha. I must say, based on my overall impression of Graeme that has formed over the course of this thread, I'm not the least bit ...

Building an equity millipede

Paul, I've been using MB Trading for a while now. I've been very happy with them. Their demo feed can be spotty at times, but their live feed is very reliable. Spreads are great and commissions are fair. They're probably as good a broker as any as ...

Building an equity millipede

FXCM is not my primary broker, but I do have a small live account with them (actually, FXCM-UK) because I wanted to have an account with both a U.S. and non-U.S.-based broker. Have not had any issues. When I was searching for a broker early on, I ...

Building an equity millipede

Looks to me like u/j is ripe for a multi-week retrace, perhaps up to the 90.00 area before resuming the long-term downtrend. Looking for long opportunities right now would not seem very far-fetched to me... FWIW. A daily close above the pin-bar's ...

Building an equity millipede

Free Mobile Price Alerts — Hey Everyone, For anybody who is interested, FXCM has free mobile price alerts. You just need to sign up and register your cell number and the alerts will be sent to your cell phone via SMS text message. I'm pretty ...

Building an equity millipede

If I recall correctly, we're talking about two different approaches to trading. Unlike Graeme, "Joe" is not a position trader. He only trades the short side and is more focused on short-term profits by utilizing extreme position stacking. Graeme, on ...

Building an equity millipede

Ben, signal was flying buddha on H1. First entry came two candles later at open. Please see attached chart. Regards, Kevin

Building an equity millipede

Yeah, saw this one set up earlier. 5 short positions entered starting @ 1.0643. 3 stopped out for -18 pips total and 2 still going with SL @ BE. Curious to see if they survive the night. Kevin

Building an equity millipede