Great way of breaking it down. I was always told, look at swings and try to imagine the number of stops that would be in place there for traders who are protecting there position, or who have put them there because it is what everyone is taught ie ...

Building an equity millipede

The best method is to just trade them, record each trade and take a screen shot. At the end of each month have a look at the overall balance of your account, check each screen and trade and record what you see. I have done this in the past, and ...

Building an equity millipede

And 60minuteman - Please PM each other if you want to have an issue, no need for it to be put in this or any other thread.

Building an equity millipede

One of the best setups I have been part of is the Pin Bar/IB combo or the Outside bar/Inside bar combo at highs/lows especially when those high lows break a previous high/low and close the other side. I picked this up trading DIBs exclusively for a ...

Building an equity millipede

Yeah, noticed that also it is worthwhile pointing out that the chart is a Weekly chart therefore any period where there are a few bars running side by side indicates a range on the smaller timeframes. There were 2 massive periods - The first is the ...

Building an equity millipede

Its amazing how this chart and graph can illustrate long tails. Of course along the way there would be losers, BE and small winners as evident in your balance line, but the equity growth of maintaining trades open replicates again I think the ...

Building an equity millipede

Ouch. Apple and Samsung have made a fortune whilst taking what Nokia and other more analogue phones used to allow the majority of people to do and that was type a message on your phone without actually looking at it. I would pay a fortune to be able ...

Building an equity millipede

Fundamentally this is the biggest barrier and I have mentioned it a number of times, the return for time and our belief of getting an immediate fix because of our inherit "working" mind frame. When we go to work, we get a weekly, fortnightly or ...

Building an equity millipede

So True, Joel Rensink or Peter Crowns also pointed out a similar outcome based on Inside Bar and getting a trade that never returned. By their experience it was stated 1 such trade that had an initial cost base of $550 (think it was 5.5 lots on a 10 ...

Building an equity millipede

Something I have come to notice more and more lately is that traders do not take good setups because there isn't enough reward against risk, or they use a SL placement based on nothing more than it has to be here to achieve a certain R/R outcome. ...

Medium & Long Term ONLY

So very true

Medium & Long Term ONLY

It is certainly a bit of concern if your bullish or holding longs. Next support past $84 is something like 80.60ish but even that support base is pretty meek considering the falls. If you look at the big falls over the past fews, when there is a ...

Trading Crude Oil with price action + indicator

Strong reaction off the immediate resistance highlighted. Still somewhat bullish to the .92's but certainly out of the market for now. Strong falls on US overnight and follow through into Aussie markets (down over 100 points) is highlighting the ...

AUD/USD

The weekly chart agrees. Support point at 88.47 from June 2012, could squeeze down to 86.10 area. Interesting turning point which could lead to buyers coming in. image

Trading Crude Oil with price action + indicator

USD_JPY has tanked today, taking out the lows of last week and the week before. I was looking for shorts closer to 110.70 for a failed break of that last weekly high. Didn't happen Next structural weekly Support comes in at 105.50. Combined with ...

AUD/USD

Swing Failure on the weekly coincided with Morgan Stanley calls for the AUD/USD to be around 76c (beautiful call to gather the liquidity to exits shorts and gain longs). Most immediate resistance point is .89 but if we break this I would be looking ...

AUD/USD

Perfect mate, perfect Super start to the trading week.

Running % Gain/Loss on individual trade at top of screen

Mate that is perfect. If its possible to replace the amount gain/loss with a % representation of the trade position vs current balance that would be ideal.

Running % Gain/Loss on individual trade at top of screen

LOL, Gambling based business. Casinos pretty much hold the model for Holy Grail's. Its called an indisputable edge that over the course of millions of bets leads to a massive in flow of profits.

What if someone finds the Holy Grail?