I like the idea of backtesting weekly. I think I'll give G/U a try since that is my favorite pair.

Building an equity millipede

LOL...oh yea, it's Faux so it must be true......

Get ready: Banks are cooking books!

Krugman is still trying to distract everyone from the fact his prediction the banking system was going to melt down didn't come true. Reports I have been reading is that a lot of economists are quietly laughing behind his back. He pretty much lost ...

Get ready: Banks are cooking books!

So just weekly using weekly type SL (ie. big loss)? Interesting. Can't think of a less stressful set it and forget type system than trading weekly bars. You could basically do all your analysis on the weekend and enter your trades Sunday afternoon ...

Building an equity millipede

So what about this? Graeme or others. If one were trading this top down timeline approach what would one do when they see an opportunity on daily/intra-day that is not quite there on the weekly? The reason I ask is that it appears u/j is forming a ...

Building an equity millipede

It's gambling. If you trade martingale you are gambling not trading. Full stop!

Why martingale doesn't work in trading

Hi Graeme, I know you have mentioned this in the past but I was wondering if you could re-iterate how you feel about fundamentals. My impression is that you do not pay attention. I am asking because I find that fundamentals can cause disruptions in ...

Building an equity millipede

I can help you "switch the light on". It's called "read the entire thread". And if you want backtesting then go ahead and let us know how it turns out.

Building an equity millipede

Are you guys seeing what I am seeing right now? There is correlation on several pairs that something big is about to happen. Could be a false alarm but it looks like something is poised to break. u/j is within a few pips of breaking very powerful ...

Building an equity millipede

and if you can get 2, 3, ?........the numbers get very interesting. As Graeme has stated, you do not require a large amount of capital. You just need enough to cover your margin requirements. You could have your margin almost maxed out with all your ...

Building an equity millipede

Just my opinion for what it's worth but mini-lots on a 1000pound account is suicide. If your broker allows micro you might want to look into that. You might want to read up on proper money management in forex as well. Again, just my opinion.

Building an equity millipede

First of all just to be clear, I agree with everything Graeme is saying and how he is saying it. Not sure your point but it is easy to look at chart history, point to areas, and say "if I just entered here and here now fast forward a few ...

Building an equity millipede

Now now. Graeme is giving us diamonds but it's not all gravy. Wait after a week or two and see most of these positions you worked so hard for and grew attached to and watched go up into triple digit gains only to die on the vine at BE. Then see how ...

Building an equity millipede

Nothing much ever happens during Aussie session. Not enough cow bell.

EURUSD

AUD will be a blip. By the end of the week the inevitable overreaction will wear off. Maybe even by the end of the London session.

EURUSD

pi$$ing contest I think.

Another reason why 99% of traders fail

So why not just put a limit order in below support? If it breaks it breaks if it doesn't it doesn't! I hope it does edge up some like above 1.56 so I can put in a limit order just below that. Unless you are trading for a few pips up or down on short ...

Cable Update (GBPUSD)

I guess it depends what time frame you trade in. I'm more interested in what the daily looks like. It has a lot to do with what sort of news comes out this week too so nothing is certain. The charts are telling me that it wants to go down. So unless ...

Cable Update (GBPUSD)

I guess it's too bad I don't pay much attention to EW's then.

EURUSD

It went through 200ema on the way up like a hot knife through butter so I don't think it offers much in the way of s/r.

Cable Update (GBPUSD)