Hi again,
how many different currency pairs are you trading and which ones?
Thanks in advance
BR
PC
how many different currency pairs are you trading and which ones?
Thanks in advance
BR
PC
Less is more...
Thegman's Journal (Equity Millipede Concept) 102 replies
Trading an Equity Millipede 23 replies
Equity millipede & Flying Buddha trading journal 9 replies
Build an Equity Millipede with the filtered Flying Buddha 171 replies
Application Development - Journal of Building an equity millipede 14 replies
DislikedHi Graeme,
been reading this thread since start and must say this is one of the best threads here at FF.
Thanks for sharing all your knowledge with us here, it is priceless...
BR
PCIgnored
DislikedHi again,
how many different currency pairs are you trading and which ones?
Thanks in advance
BR
PCIgnored
DislikedHello again, pipcruiser
Apologies for missing your first post hope you didnt get the wrong idea.
Great question.
I trade every pair possible except exotic and have no regards to spread from my brokers or the daily range. Obviously spread and daily range will be an important factor if you trade intraday or any shorter term with exit strategy already pre-defined.
I dont favour any particular pair but prefer pairs with huge monthly trends like usd/chf which started its main monthly downtrend since 2001.
I can say with all honesty, if I had...Ignored
DislikedHi Graeme,
With every post you make this entire concept of yours is becoming clearer and clearer. Thanks again for your effort to make such lengthy posts. Be assured, this is highly appreciated.
I will definitely start trading your approach in the near future with small money. My biggest problem will probably be that I might diversify too soon as for me - as well as for many others out there - it will repeatedly be a mental battle to have literally hundreds of pips of unrealized gain see (temporarily) slip away in the overall process. But with...Ignored
DislikedHi Pipeasy,
Been following your thread and I must say if we could all learn to trade like this it would be great.
There is something that you've said that just doesn't seem to make sense to me. You stated that you enter the market multiple times in any given move or leg. You also state that you rarely, if ever, have loses that total 300 pips.
So my question is, if you enter multiple position you either have to have a large stop loss or large draw downs for the majority of those positions to survive. If you use smaller stop loses say like...Ignored
DislikedHi Pipeasy,
You stated that you enter the market multiple times in any given move or leg.
Ignored
DislikedHi Pipeasy,
if you enter multiple position you either have to have a large stop loss or large draw downs for the majority of those positions to survive
Ignored
DislikedHi Pipeasy,
If you use smaller stop loses say like 30, 40 or 50 pips most all of your positions would get stopped out and that would surely add up to 200, 300 or 400 pips in loses based on multiple positions.
Ignored
DislikedBelieve that you have it, and you have it.
Love your signature almost as much as your thread. Thank you for all your hard work. I will be funding a new account outside the US next week and get started.Ignored
DislikedFrom the thousands of entries I have performed, out of 10 'manual' entries, I would lose 1 or 2 at -20pips or so. And this is on gbp/jpy or any other currency pair.Ignored
DislikedFantastic thread and thanks again for your valuable insights.
Just to confirm on your response above and to clarify the accuracy needed for entries, do you mean that you're typically losing 1-2 trades for every 8-9 b/e legs you create?Ignored
DislikedGood evening, dexter_FX
Apologies for the lack of clarity.
Hope I didnt sound like I was bragging in my reply to ozziedave and any of the other readers.
I have 4-5 entry methods that I constantly use all the time. I know them very well and I have practiced with them for a very long time.
If I were to enter 10 times into market, 1 or 2 will be closed out by -20 pips or so by myself cause it didnt work out and not doing what I expected. The remaining 8 successful entries will then have its sl moved to breakeven at my personal discretion....Ignored
Dislikedhi graeme
just wondering is there any days you wont trade due to low volatility big news or anything else? probably doesnt fit in with your thread but there must be better days to add to positions than others. i personally avoid fridays due to ppl closing positions for the week.
regards damienIgnored
DislikedHi Graeme,
Since we are on the topic of entries, do you only look at 1hr, 4hr, and daily charts for entries? Because you are position trading, are the lower time frames less relevant for entries. I'm guessing the lower the TF, the less survivable the legs become. Thanks.Ignored
Dislikedthanks for the reply i agree a thread should keep a flow or it will turn stagnant. and i dont see it as a personal attack at all.
your thread is full of great info that new and experienced traders can use.
i also agree that there are enough threads of the blind leading the blind around here.( yours is not one of them). theres only so many times something can be said before the o.p gets tired of it and doesnt come back (peter crowns comes to mined). anyway enough of my rambling. eagerly awaiting your next post
regards damienIgnored