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Building an equity millipede

  • #7,281
  • Dec 3, 2017 1:33pm Dec 3, 2017 1:33pm
Quoting arifa00000
this method works only with patience, nothing more its more pshicology than technically, who can withstand with toushand of cut and BE? Like or not Price will often back to your entry taking out your position by SL Or BE. that is the hardest part. Diversification of profit and Knowing the probable high low / max-min of the year is vital.

I read somewhere on 1 of Graemes post that only about 5% to 10% of his trades actually make legs, and these legs cover all losses.
  • #7,282
  • Jan 6, 2018 10:33pm Jan 6, 2018 10:33pm
Quoting Jcctrader
My first post here, I have read the first 40 pages of this thread, I would like to find out if any traders are using this method/system from 2010 and had any success in trading? What are the pros and cons trading this method/system from those traders that traded this method/system? What is the reason for those traders leaving this method/system if were trading it? I am trading it on a real account for about a month which is not enough time to come up with a conclusion. Although I am in a very tiny unrealized profit and Cannot say long term if I...
I have been trading using my own version of PipEasy's method for over 5 years. Over time I believe my experiences have only enforced a lot of PipEasy's insights on the markets. You should look for some of my older posts in this thread where I highlight some of my favorite posts of his.

The biggest pro to this trading method is that it can be applied to any market. Years ago I began trading stocks actively as I saw clearer, more powerful momentum on the monthly timeframes, and that is where PipEasy's methods strength lies. He emphasizes entering powerful trends along the monthly candles by timing entries on the lower timeframe to minimize risk. He also explains what good momentum is, and for someone who is reading this thread for the first time, I think it would be easy to overlook.

I'm checking in to this thread because I have started trading cryptocurrencies actively using the same method I learned here 5 years ago. His method enabled me to identify crypto as an explosive long term play to trade into, and entered and held BTC, ETH, and LTC all of last year, and 2018 has started off even better for the space in terms of altcoins. I highly recommend, and feel obligated to tell readers of this thread (like yourself), you explore these markets if you are still trading FX using PipEasy's method.

In my opinion, FX just does not trend in a way that maximizes PipEasy's method. The only pair that I follow (on the monthly/weekly timeframes only) is USDCNH, which is trending down strongly. This may continue the new few years under a Trump presidency, but I let the candles tell me the direction ultimately.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #7,283
  • Jan 8, 2018 12:50pm Jan 8, 2018 12:50pm
Quoting zusch
{quote} I have been trading using my own version of PipEasy's method for over 5 years. Over time I believe my experiences have only enforced a lot of PipEasy's insights on the markets. You should look for some of my older posts in this thread where I highlight some of my favorite posts of his. The biggest pro to this trading method is that it can be applied to any market. Years ago I began trading stocks actively as I saw clearer, more powerful momentum on the monthly timeframes, and that is where PipEasy's methods strength lies. He emphasizes entering...
Thank you for your imput. Its highly appreciated

I have noticed a key factor regarding this method, PATIENCE. You need alot of patience.

I may not know how to trade looking for those precision entries, but with patience, common sense and proper money management I can see the true colours of this method. Its not suited for everybody. (I have waited from Sep 2017) for legs to grow and only seeing the fruits of it now.

PipEasy has laid for us the "building block" all we need to do is build around it that suits you the best. Pipeasy has a very great advantage on his side, he knows how to look for those perfectly time entries which makes a huge difference in his trading. For the average Joe on the street like myself it might be a different ball game. I think as long as the building block is there with a few tricks you could make money in this market.
  • #7,284
  • Feb 8, 2018 9:38pm Feb 8, 2018 9:38pm
Thought I would check in again to share another example of why, "the biggest pro to this trading method is that it can be applied to any market," which I mentioned a month ago (just a couple posts above).

When January closed, there was a tradeable monthly candle in VXX, a long volatility instrument I'd never traded prior to this month. During the first session of the month, VXX traded down to its 61.8% retracement of January's range. Had it gone further than 61.8%, I would be significantly less interested in the trade. See my tweet here for a chart: https://twitter.com/zusch_fx/status/959281835669733376

In one of PipEasy's post, he mentions that if price retraces 66% or more of the previous candle, then the momentum is likely stronger in the other direction. This is key for how I define good versus bad momentum.

The next day it opened higher and broke thru January's high with ease. Then it just happened to absolutely explode as the stock market tanked. Some short volatility ETNs ended up being completely liquidated for near 100% losses.

There were stacking opportunities on the hourly timeframe...see here: https://twitter.com/zusch_fx/status/960567645677514758
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #7,285
  • Feb 8, 2018 9:41pm Feb 8, 2018 9:41pm
ALWAYS monitor the monthly charts. I remember one of my hang ups with Forex trading on shorter timeframes was the fact that some brokers have their daily and 4hr candles open at different times. Eventually I overcame this hang up as I realized it did not matter. PipEasy talks about this I'm pretty sure, and advises to "just take the trades when you happen to be watching the market and you'll have plenty of opportunities to enter."

..but with the monthly timeframe, everyones month's start at the same time, and they give you much better insight of overall trend.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #7,286
  • Feb 21, 2018 3:37am Feb 21, 2018 3:37am
i guess as long as daily is different, weekly and monthy will be slightly different for people around the globe.

matters not, good indication from monthly, especially for stocks. do you trade aussie stocks as well?
  • #7,287
  • Feb 21, 2018 9:36pm Feb 21, 2018 9:36pm
Quoting zusch
Thought I would check in again to share another example of why, "the biggest pro to this trading method is that it can be applied to any market," which I mentioned a month ago (just a couple posts above). When January closed, there was a tradeable monthly candle in VXX, a long volatility instrument I'd never traded prior to this month. During the first session of the month, VXX traded down to its 61.8% retracement of January's range. Had it gone further than 61.8%, I would be significantly less interested in the trade. See my tweet here for a chart:...
What is fascinating about your post is that VXX has been probably one of the greatest long term shorts for a millipede but you made it work on the long side! I trade a lot of equities and indices and have been looking at ways to incorporate the millipede concept with options. I like your idea of using the retracement in the previous candle as an entry. It just shows that this concept of riding a long term trend with tight entries can be done many different ways.
  • #7,288
  • Apr 21, 2018 2:48am Apr 21, 2018 2:48am
Quoting Heavenforex
I am glad this thread kinda revive again... I was one of the quiet lurker who only started reading this thread earlier this year. I started forex about 5 years ago but like most people always searching for systems and fail. Graeme really is one of a kind trader and really lucky to learn about his trading concept. For me, I just grab the basic concept of stacking and design my own stacking strategy. I use the daily chart and at the start of new candle, just buy/sell from yesterday trend. If yesterday is up... I buy...if yesterday is down..I sell....
Hi everybody. I started this simple method just from curiosity last Monday. Im using it on very small live account. So after just five days I have still open 61 trades, realised loss is -£0.70 or -1640 pips and unrealized profit is £1.14 or 2671 pips just from the following daily candle on all 28 pairs. This is power of participation.
  • #7,289
  • Apr 28, 2018 3:31am Apr 28, 2018 3:31am
After second week the results are: realised loss -£0,27 or -597 pips and unrealised profit £1,37 or 3029,2 pips and 37 positions still open. I closed several positions during week to cover all losses. I'm not opening positions blindly after daily bar closed as from beginning, but trying following the trend. The biggest position is GU with 499 pips, then EN with 294 pips and so on. On financing I lost in two weeks £-0,08 or 176,8 pips.
-All trades Im taking from daily candles and managing positions taking maybe 10 minutes per day, no indicators at all.
-I will have to improve my entry methods.
Anyone trading similar method?
  • #7,290
  • Apr 28, 2018 6:02am Apr 28, 2018 6:02am
Trading in this way is how I’ve been successful for years. Exerts the least amount of emotional capital.

Simply let your positions work for you.
  • #7,291
  • Apr 30, 2018 6:30am Apr 30, 2018 6:30am
Quoting tinmantrader
Trading in this way is how I’ve been successful for years. Exerts the least amount of emotional capital. Simply let your positions work for you.
yes, this term methode of trading is a promising technique. I'm surprised when i read that this writer is a export/iport businessman. His business background absolutely legitimate his argument.
forex is better than cryptocurrency, trust me.
  • #7,292
  • May 5, 2018 7:13am May 5, 2018 7:13am
Some statistics after thre weeks of testing simple strategy.
Realised loss 1616 pips
Unrealized nett profit 5344 pips
And all it take me around 10 minutes every evening to manage old and new trades on new daily candle.
  • #7,293
  • May 16, 2018 3:29am May 16, 2018 3:29am
Quoting pipEASY
Good morning all A warm welcome to everyone here. Hope you are all safe and sound wherever you may be. Before I begin, I wish to let all readers well aware that the purpose of this threads existence is of positive intentions. So please respect the fact that Im here because im willing to contribute. I do not wish to participate in any ego-measuring contest, babysitting, or downright arguments. No need to prove myself to anyone. What is offered is what you will get if accepted as is. I welcome questions and I will answer your question if I find that...
THANK YOU PIPEASY !!!!

https://www.forexfactory.com/showthr...4#post11064684
Staying in my lane...
  • #7,294
  • May 30, 2018 10:45am May 30, 2018 10:45am
I too have found that it is easier to identify a trend at higher timeframe. So I'm going to give this systems a try.
  • #7,295
  • Jun 1, 2018 6:29am Jun 1, 2018 6:29am
Anybody any idea whether its better to use a swap or swap free account to trade using this systems?
  • #7,296
  • Jun 11, 2018 3:50am Jun 11, 2018 3:50am
Hi,

This post is a request to traders who participated in this thread. Does any body have the pictures of the posts for the project undertaken by VEEFX which is appearing from page numbers 120 onwards.

If anybody has those pictures of the images that was loaded to the imageshack I request you to kindly provide me the same to study and understand the project. IT is difficult to understand the project with out the said pictures / images.

Thanks in advance.

Regards
  • #7,297
  • Jun 13, 2018 6:48am Jun 13, 2018 6:48am
One of the most difficult methods to trade (patience, many losses and time), I'm trying 2 different setups and see if I can double the account.


One account, I am taking 3% risk trade and exit half position at 1:1, I don't add more positions, just wait till it gets 10% (plus the losses)

The other account, no leverage, 3 pairs, if yesterday is sell, I see, if it is buy I buy, no sl, move sl to be next day and add positions as it progreses.


Both have TEs attached to my profile.
Double the account
  • #7,298
  • Jul 9, 2018 12:47pm Jul 9, 2018 12:47pm
Quoting pipEASY
{quote} Good afternoon, Someone Im very happy at the flow of your question. This is flowing nicely into my next topic. Please dont allow any sentimental attachments to your legs or you will be disappointed when legs die out on breakeven due to fluctuations we have no control over. There should be no room for disappointment if you have done your job to the best of your ability. As long as your capital holds (please be sensible and realistic), feel obliged to enter as many positions on same currency pair both buy and sell. The market dictates whether...
Great Answer :-)))))))
  • #7,299
  • Jul 9, 2018 5:04pm Jul 9, 2018 5:04pm
Quoting Humblelearn
{quote} Great Answer :-)))))))
Especially the last part of his quote.

Be a better general.
  • #7,300
  • Jul 30, 2018 2:06am Jul 30, 2018 2:06am
Quoting Chrobakx
{quote} Hi everybody. I started this simple method just from curiosity last Monday. Im using it on very small live account. So after just five days I have still open 61 trades, realised loss is -£0.70 or -1640 pips and unrealized profit is £1.14 or 2671 pips just from the following daily candle on all 28 pairs. This is power of participation.
Could you kindly let me know your broker name as I also wont to have a broker who allows me to trade very small lots like yours.

Thanks lot
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