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Building an equity millipede

  • #7,301
  • Jul 30, 2018 2:13am Jul 30, 2018 2:13am
Quoting Surin
{quote} 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
Hi, I'm using Oanda.
  • #7,302
  • Jul 30, 2018 5:27am Jul 30, 2018 5:27am
Quoting Chrobakx
{quote} Hi, I'm using Oanda.
Thanks a lot I also already chose that option. Just wanna knew availability of any other. Thank you once again
  • #7,303
  • Aug 11, 2018 10:07pm Aug 11, 2018 10:07pm
Inserted Video


After 8 years, video has arrived...
  • #7,304
  • Aug 18, 2018 2:02pm Aug 18, 2018 2:02pm
Great thread, worth reading it all. Takes time but makes you think differently about the market and your trading. I suggest practicing trading exercises mentioned in this thread.
  • #7,305
  • Aug 27, 2018 12:39pm Aug 27, 2018 12:39pm
This thread is a great example, why 95% traders are losers.

It has only 366 pages and it is almost dead. Another threads with "indicator's" are full or respond's and people are trying to find the HOLY GRAIL.

You have your holy grail here and few other threads.

You need to be half investor half trader.

Have you ever seen the richest people of the world as a trader's? I don't think so.

Change your mind, you will change your bank statement.

B
  • #7,306
  • Oct 8, 2018 5:26am Oct 8, 2018 5:26am
Anyone still trading using this Strategy? Do you think it's still as profitable as before?
  • #7,307
  • Oct 12, 2018 11:53am Oct 12, 2018 11:53am
Quoting Chrobakx
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.
Hi Chrobak, im exploring ways to building a millipede, im curious how you have been doing with this way of building? i love the simplicity of it!
  • #7,308
  • Nov 21, 2018 12:21pm Nov 21, 2018 12:21pm
Quoting ciprobay
https://www.youtube.com/watch?v=Yna9Q8lMv5s After 8 years, video has arrived...
what is that? What he is trying to explain with this video series?
  • #7,309
  • Nov 21, 2018 7:26pm Nov 21, 2018 7:26pm
Happy Thanksgiving to all you millipede traders out there!

Thankful for coming across this thread when I did.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #7,310
  • Nov 28, 2018 9:01am Nov 28, 2018 9:01am
Quite interesting strategy and point of view. The "infinite yield" approach of this strategy is basically identical to the DIBS method, which I had tested since February 2018.

As it happens to DIBS, you can have a huge sequence of losses and get no profit when there is no trend. Just look at USDCHF for the last 10 years - you would have to pick the bottom in order to have a decent profit, and that profit would get stuck for the last 5 years.

I do think it's feasible to explore this strategy searching for swap earnings, though. Example: if the BoE starts to raise rates, there is a possibility to build legs on GBPJPY right now and hope that the higher swap will drive the pair up in 2019. So, even if you don't get a 5,000-pips profit, you can lock some profits and receive the rollover fees for a long time. The same logic would be valid for USDCHF right now, by the way, but sooner or later the SNB will have to raise that ridiculous -0.75% rate!

Maybe that issue was already discussed before. I still didn't have time to read much of the thread.
"The reason I was born and came into the world is to testify to the truth."
  • #7,311
  • Nov 28, 2018 1:31pm Nov 28, 2018 1:31pm
Quoting rgrace
{quote} Especially the last part of his quote. Be a better general.
Dear how your trading is going after this post :-)
have you improved in trading and in account
  • #7,312
  • Dec 31, 2018 11:22am Dec 31, 2018 11:22am
I learned a lot from this thread.
But what I'm finding most difficult is building up your millipede positions on a trend that you noticed after it has started its move.
For example: Let's take Silver; Silver is currently at 15.40 and I was hoping to build up millipede position on Silver between 14.00 and 14.50
I went on Christmas holidays and came back to notice it has moved well past my intended entry point and is at 15.40 today.
I would like to enter into Silver to start to build up my position but there is no way my positions would survive if a retrace happens.
If I wait for retrace to enter into trade and if a retrace doesn't happen I would have missed a good opportunity on a nice trend.
Yes. I understand there will always be other trades and other trends. But if your analysis says this trend could go on for good 2-3 years; What would you do?

1. Do you build up millipede position in this instrument and take the losses and lost millipede position if it retraces and build again?
2. Or do you wait for a retrace and then start to build your positions?

Has pipeasy shared any feedback on this topic?
  • #7,313
  • Dec 31, 2018 5:45pm Dec 31, 2018 5:45pm
Quoting Forex.RayV1
I learned a lot from this thread. But what I'm finding most difficult is building up your millipede positions on a trend that you noticed after it has started its move. For example: Let's take Silver; Silver is currently at 15.40 and I was hoping to build up millipede position on Silver between 14.00 and 14.50 I went on Christmas holidays and came back to notice it has moved well past my intended entry point and is at 15.40 today. I would like to enter into Silver to start to build up my position but there is no way my positions would survive if...

Hi Forex.Rav1

About a year ago I followed all these links to pipeasy's comments and found his daughter or a female relative, I believe, posting. She made the statement that pipeasy had passed away. Forgive me if I am wrong. I'm going from memory.

Since that time I have learned to trade, find high prob entries and began I implemented a strategy similar over the last 5 weeks. I use divergence indications to determine when the trend ends and I simply get out and reverse the trade for the other direction or wait out the retrace. I find it important to get in at the bottom or the top of the trend. I used a line chart via the H1 that shows patterns for confirmation such as head and shoulders, double tops or double bottoms, e.g. Essentially, I'm finding the highs and lows of the dailiy via H1. I'll even back down o the 5 minute chart to garner a high probability entry. Unlike pipeasy I'm picky about my entries. The higher I get (realistically, tho), the greater chance of survival of the first leg, but doing so is kinda my edge anyway.

Pipeasy used news as a catalyst to his entries as well as breakouts. I have yet to do this as I may not need it. I trade off the lower time frames though I am always keen to stay with the weekly trend and to watch for replacements or reversals. It is getting to a point where I can simply enter a trade at the same point I took my prior exit.

The choice to stay in or exit and return is yours. I find this setup requires that I monitor the charts continuously for entries.
  • #7,314
  • Dec 31, 2018 7:57pm Dec 31, 2018 7:57pm
Quoting 2dollardog
{quote} Hi Forex.Rav1 About a year ago I followed all these links to pipeasy's comments and found his daughter or a female relative, I believe, posting. She made the statement that pipeasy had passed away. Forgive me if I am wrong. I'm going from memory. Since that time I have learned to trade, find high prob entries and began I implemented a strategy similar over the last 5 weeks. I use divergence indications to determine when the trend ends and I simply get out and reverse the trade for the other direction or wait out the retrace. I find it important...
Thanks for the information 2dollardog.
  • #7,315
  • Jan 1, 2019 6:01am Jan 1, 2019 6:01am
Quoting 2dollardog
{quote} Hi Forex.Rav1 About a year ago I followed all these links to pipeasy's comments and found his daughter or a female relative, I believe, posting. She made the statement that pipeasy had passed away. Forgive me if I am wrong. I'm going from memory.
Really sorry to hear this if this was the case. He has been a great guy to help everyone in this forum.
  • #7,316
  • Jan 1, 2019 11:42am Jan 1, 2019 11:42am
Quoting Forex.RayV1
{quote} Really sorry to hear this if this was the case. He has been a great guy to help everyone in this forum.

I was very sad to read it, too. His contribution to my trading habits has been huge. Leaving money on the table is now an edge for me. It pays off in the long run.
  • #7,317
  • Jan 1, 2019 3:32pm Jan 1, 2019 3:32pm
Quoting 2dollardog
{quote} I was very sad to read it, too. His contribution to my trading habits has been huge. Leaving money on the table is now an edge for me. It pays off in the long run.
Indeed.
So which instrument is on your radar for building millipedes? I'm waiting for the S&P, DOW and Nasdaq to finish the pullback and then I will start to build millipedes shorting those markets.
  • #7,318
  • Jan 1, 2019 5:28pm Jan 1, 2019 5:28pm
Check out NCAD for possible short. Its at weekly TL resistance, and tested and failed the highs the past 3 weeks. If Oil heads up again, CAD could strengthen and this can fall nicely for many weeks/months. Also it had 3 legs up from lows around 0.83. Could be a good miilipede!

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADWeekly.png Size: 193 KB


Happy New Year!

EZ
  • #7,319
  • Jan 2, 2019 1:30am Jan 2, 2019 1:30am
Quoting ezcurrency
Check out NCAD for possible short. Its at weekly TL resistance, and tested and failed the highs the past 3 weeks. If Oil heads up again, CAD could strengthen and this can fall nicely for many weeks/months. Also it had 3 legs up from lows around 0.83. Could be a good miilipede! {image} Happy New Year! EZ
Indeed. Looks lovely. I will add it to my watch list.
  • #7,320
  • Jan 2, 2019 1:31am Jan 2, 2019 1:31am
Quoting Forex.RayV1
{quote} Indeed. Looks lovely. I will add it to my watch list.
Happy New year EZ
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