Continuing on with squeezy's chart above as an example.....the_wiz, is there any reason you would have entered before the level based on the PA into that low? With kind regards, MK

Fail Better

It's true...I was very profitable during the whole sub-prime debacle scalping Hang Seng and Nikkei futures, but then after nearly a year, the markets started to change. Volatility contracted and I started to struggle so it was time to explore a ...

Fail Better

Trade management is so so important. Most of the trades I have seen advocated in the J16 thread are based off daily/weekly data that is aiming to take advantage of at least short-term momentum for the next day or two. Trading the turns with an S/R ...

Fail Better

Interactive Brokers will let you demo pretty much any instrument with their paper trading accounts. Sorry, but I do not know off the top of my head if this is only available to current account holders or if anyone can sign up for these.... With kind ...

james16 Chart Thread

All great posts about the trading process today - many thanks. It has made for some enjoyable Sunday reading! I really agree with what the wiz has said above. I'm in my 7th year of full-time trading. It took 4 years of full-time effort to break-even ...

james16 Chart Thread

Hi Mike, It seems that I have those options checked within the Oanda platform, but it has no effect on Metatrader. Oh well. I'll keep using my current setup for Forex which is Sierra Charts and IB data, but it can be a bit clunky at times due to ...

james16 Chart Thread

Hello, Long time lurker, first time poster to this thread. I see nearly everyone here is using Metatrader. I just had a look at metatrader hooked up to Oanda data and notice that my daily bar data is different than some of yours (for example, Mike's ...

james16 Chart Thread

Yup, a couple dozen per day....Over 4900 noticeable aftershocks since this all started back in SEPT they tell us. I'm sick of it, haven't slept good since this last one. It keeps you on edge. You guys in Japan will be on my mind a lot this weekend. ...

james16 Chart Thread

Be safe pinbar. I live virtually at the epicenter of the quake in New Zealand 2 weeks ago and seeing your quake coverage triggered my experience here only two weeks ago - terrifying. My heart goes out to all in Japan. With kind regards, MK

james16 Chart Thread

Maybe you can expand further. From your posted screenshot I can't see what you exactly are pointing to or referring to with the boxes and all the lines. I'm not familiar with MT4. Also, please elaborate what your definition of a micro-position is. ...

Building an equity millipede

As a small aside regarding IB. Are you sure they will not trigger? There is a checkbox called something like 'Allow stops to be triggered outside regular trading hours' somewhere in the order settings. This should allow you to get them triggered ...

Building an equity millipede

Thanks for the clarification Vee. I personally wouldn't do that. The size is too big and implies that you are absolutely certain the position is in danger. No one knows what will happen, so one can never be certain. I prefer to treat longs and ...

Building an equity millipede

Hi there, I don't see any positions in that screenshot that are over 200 pips in unrealized profits. Can I assume you are meaning 20 pips (200 fractional pips, sometimes called pipettes)? With kind regards, MK

Building an equity millipede

I really suck at stacking. Not so bad at entering the probes, its just that I can't seem to stack it. Anyone else experiencing the same problems? I'm consistently failing at stacking and don't even think I'm being aggressive about it - if anything ...

Building an equity millipede

I think your data is wrong. 1.30 area is not this months open price.... With kind regards, MK

Building an equity millipede

Not me...suffice it to say that I'm extremely annoyed to lose out on all 3 legs I had short. My best entry was from 1.3282 that was taken out BE on today's rally. It may sound shocking to say this, but I had a MFE on the first leg of just over 400 ...

Building an equity millipede

Can we please NOT make this thread turn into one where people are only happy to post their profitable trades. It distorts the reality of trading this style where you will have have more losers and BE results than you will have winners. The only ...

Building an equity millipede

Hi Graeme, I'm wondering how you decide what the best pairs are. Is it as simple as the pairs where you having multiple successes are the best pairs? If that is true, then you must have a list of pairs that you will be probing with so you can start ...

Building an equity millipede

Hi there, How much you want to leverage up is a personal thing of course. I've seen many many traders be impatient to get rich and use lots of leverage that make HUGE % account gains in a very short time but always come back to blowout. On some ...

Building an equity millipede

Hi HornedGod, Maybe 1-2 months ago I posted my results from a 2 year study of time of day when moves occur. I cannot recall the exact percentages, but Asian timeframe (my day time) was less than 20%. This study gave me a good feel for the ...

Building an equity millipede