This one looks very good actually, congratulations. I get it, you were keeping the good stuff for yourself ;-)
Cheers
Cheers
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
DislikedThis one looks very good actually, congratulations. I get it, you were keeping the good stuff for yourself ;-)
CheersIgnored
DislikedI already share way more than I should :-
While we are on the topic of stacking... I have seen this happen to me again and again. I guess it is the nature of the beast. I stack only when there is red aura moment for a country's currency (JPY in the above screenshot). On an average, red aura last for about 200-300 pips and then I stop after the last stack ends up in a loss. Soon after that, it hits with a reversal of 50-100 pips closing numerous of my recent stacks @ BE.
From my last stacking episode, I got 5 positions closed out at BE which...Ignored
DislikedI recently began studying this thread and tried several times to stack up trades. I could only manage getting trades closed at BE or with loss. Veefx, you got a point here. Given the high volatile market currently, I'm considering to do partial closes for all trades. Then move SL to BE and let the market do its magic. This way I expect to profit a little more often.Ignored
DislikedI already share way more than I should :-
While we are on the topic of stacking... I have seen this happen to me again and again. I guess it is the nature of the beast. I stack only when there is red aura moment for a country's currency (JPY in the above screenshot). On an average, red aura last for about 200-300 pips and then I stop after the last stack ends up in a loss. Soon after that, it hits with a reversal of 50-100 pips closing numerous of my recent stacks @ BE.Ignored
DislikedCame across this book...
"The opening range is the statistically significant part of the trading day, marking the high or low for the day (in volatile markets) about 20% of the time."
For those who are struggling to figure out which open price to use.... it doesn't have to be the daily open candle of your broker ;-
Attachment
EDIT: If I may add one more thing that applies to what Graeme preaches...
"How many people have you heard say that if you take a position and it doesn’t go anywhere in 20 or...Ignored
DislikedIt's disillusional !!! Just because you can trade Forex 24 hours doesn't make Forex a "24hr market". It is possible to apply a sessions indicator to JPY pairs for Asian open, GBP/EUR pairs for london open, AUD/NZD pairs for Sydney open and find your statistical edge @ session open.Ignored
DislikedHow do YOU implement this fundamental rule?
I have to declare that I am not trading for living as yet . I would need large amount of cash to sustain the high cost of living. But I happy to say I am getting there.
I tried not to post results about growth and losses as this does not reflect the true meaning of profiting in the market.
My view is if my position lives I learn and it it dies I learn, either way I dont let the market decides how I represent my reality of participation under NO circumstance. THIS MY MAIN RULE.
[u][b]A...Ignored
Disliked
Chip:
So Graeme asked. Where is the best place on the Monthly,Weekly Daily candle for a position to survive the market price fluctuations and grow ?
ANSWER. IT is at the OPEN or the start of each session.
In my opinion, positions at the tip of wick (reversal/continuation of trend) have a greater probability of survival instead of open.Ignored
DislikedLet's list all low risk setups!!!
Are there any low risk setups which are NOT near the tip of wick or near the open price?
full body bars, pinbar, flying buddah, inside bar,doji,penants,stalls/breakout bands,,double/tripple wick bounce, ema cross/bounce......what else??Ignored
Dislikednot sure if anyone has reached that stage to experience this yet.... once you have a few dozen positions across 4-5 pairs, you really don't need to even look at charts or setups. Your blotter/journal become a "trend indicator" and you can simply trade off your journal to build positions or diversify.
You simply add positions when your blotter goes crazy like nuts in the given direction and freeze/diversify recent positions when the chaos slows down. It all becomes relative after a while :-Ignored
DislikedHi, Vee.
To your list of low-risk opportunities I would add couple more:
- trendlines breaks or bounces (S/R levels as well as they're the sort of horizontal trendlines);
- "red aura" regions, when price reaches the zone where all TFs became aligned with single direction (Monthly, Weekly, Daily candles direction).
To my humble experience, it's very tempting to add when you see a substantial growth in positions. But, it's where the majority of losses happens (to me at least), because price have to retrace/stall after...Ignored