This has been another brilliant posts.
As we digest your latest lessons...
Have a wonderful rest Sir Graeme.
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
Dislikedi wouldn't use a fixed stop and 20 pips per one seems little much for me if you entering in 5 min...
i had one loss today but it was just 6 pips..i always try to keep in mind the fact if I'm in the right direction that thing should be moving in my favor soon..if it doesn't ,i cut my loss short...can it be start moving in my direction after 6 pips loss..sure it can but most of the time it just starts ranging and i don't like to be sitting in a stall...
i believe in the necessity of 3x20 pips exercise in order to master in Graeme's teachings...
I'd...Ignored
DislikedAnother fantastic series of posts Graeme. Now I see why you and Marion are good buddies :-)
Thanks again for all your help and teachings. It has been a great awe-inspiring moment for most of us.
Best Regards,
VeeIgnored
DislikedGood question Edd.
There are no set number of candles to consider. The same price interpretation that I perform on any timeframe is equally applied to monthly. Sometimes I judge with just 2 candles (engulf, inside, FB) or even just 1 candle (pin bar) or even 4 or 5 or more (stall, pennant).
It sounds like many rules but Edd, but thats all there is.
To upskill your price interpretation, 3x20 exercise which is basically open a 5min chart (or any chart, but lower the better as you can practice faster and more) [b][u]and enter in aim to catch...Ignored
DislikedGood morning, all
Yesterday we spoke about
1. Going against hindsight which covers scenario against your higher timeframe hingsight.
2. Recommended take profit/diversification level
3. Effective way to stack and most importantly when to stack
Hope it helps with your trading.
As most readers will notice, I dont invent new things to say on a daily basis. An avid reader can most likely summarize my whole trading approach with less than 500 words. Yes, there are many factors involved with my trading approach and at first it might be daunting...Ignored
DislikedHi Graeme,
You say you should have a position on the wicks of the daily candles and it's easy to see that in retrospect. Those long wicks on the daily candles stick out like a sore thumb after the candle has closed. What you have shown in this series of pictures is how to analysis the lower (multiple) time frames to accomplish the positioning of your entry so you have a chance of being on the wick part of the candle. When you show it after the fact it looks really easy but in real time it may be a bit more difficult to do. This has always been...Ignored
Dislikedi was able to get in another leg of my millipede two positions in eurchf ....... first one was a probe and when that was in profit i picked a good entry and put in a second position. So I now have three legs.... cad/jpy,eur/aud and eur/chf
i have reached my 3 loss limit for today on entries so will try to put in new legs and additional positions in existing legs tomorrow. My losses in establishing the positions are small compared to my profit so all's well so far.
Only thing i worry about now is if the positions retrace and i'm stopped out on...Ignored