Equity millipede & Flying Buddha trading journal

I'm starting this journal to record thinking/feeling behind the trades that I will be going through, following pipEASY's and his friend trading strategies. They can be found here (Equity millipede and Flying Buddah). Having tried using technical and fundamental analysis as well as some of EAs, this is going to be my journey on becoming skillful in trading foreign exchange.
Fyling Buddah strategy will be used for short and intermediate returns (hours to days) while equity millipede will be used for long term investment (weeks, months and years). I will be trading on quite a few currency pairs to diversify my experience and broaden the understanding of those currencies. Flying Buddah signal will be checked for convergence/divergence (4 hour MACD) as described by Phillip Nel.

Two separate demo accounts will be used for each strategy and I will begin live trading within a month with $1000 on third account with the purpose of transitioning smoothly from demo into live trading. Live trading will commence with Flying Buddah to build momentum and capital while fourth account will be created for building my millipede.

Let's do it.

NOTE: I've closed both accounts (in surplus) and re-opened them on another broker that have 10 point spread and are faster. I have traded on classic where spread is 10 pips and SL/TP is way too high, now it's going to be sub-100ms to prevent slippage and re-quoting.

Quick overview of what I consider a Flying Buddah
GBPUSD on H4

Hello Acolyte
Subscribed, very interested in Graeme strategies..
Good luck..

Opening buy trades on 4 pairs for uptrend that's going with the JPY (AUD, EUR, NZD & USD / JPY), S/L on the mid of last candle. Very nice pattern here, not far from crossover with the MACD. GBPJPY is lagging behind so I will wait for a clearer MACD signal there.

Good luck with this system! I'm definitely going to follow this. I trade a few trades so far with this and see the potential. I'm with you on the E/J trade

It's interesting to observe the behavior of the price around the round numbers, right now Cable is bouncing around 1.55 and I'm looking forward to its destabilization by big players.
A few days ago I've lost about a third of my account by hoping that the price will reverse, but the market has shown me the fallacy of such a way I now managed to recoup that along with 25% surplus just in the last two days. This shows me that money can be made in both trending and ranging markets, I just need to stick to the plan of trading the round numbers and momentum of the price as outlined by Bleek in his famous thread that's given me the inspiration to start swing trading. My $1000 demo account will be used for swing trading now and the plan is to double it three times before moving onto live.
Looks like EURGBP will continue the downtrend until 0.85, giving me ample opportunity along with the Cable going down towards 1.526 filled with pips. I'm yet to learn the upward momentum patterns as so far I've only been doing shorts.

There's been a lot of volatility during London market on the JPY pairs; having shorted out those a couple of times during strong down moves I only had them disappear in a couple of hours when market retraced back. Mental note: do not trade uptrend during first few hours of the market they're being bought in. This is actually the case amongst other pairs as well no matter whether it's ranging or trending, but with equity millipede I've got to practice sharp entries that have a high chance of survival.

Looking forward to today's swing trading, lots of opportunity on Cable and JPY pairs; managed to stumble into massive drawdowns, having a firm belief that JPY pairs will be going down.

Haven't had a chance to jump on Cable last night as it was pretty quiet, looks that may be the case until Wednesday (or so I believe). Most of action starts happening during second half of the week, will see how it goes.
Practicing razor sharp entries is challenging and entertaining at the same time, it looks like I'm merging equity millipede strategy with swing trading (and vice versa), setting up an entry and letting it survive on EURGBP for over 12 hours already on the Flying Buddah trading account. With little to no action it has a good chance of survival, and when the breakout comes I have 50% chance of rolling along with the profits (and cutting losses short).

I've decided to start live trading and therefore will be briefly visiting this thread every so and then; moderator, feel free to close it.